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LUV

Southwest Airlines' shares are trading lower after Bernstein maintained a Market Perform rating on the stock but lowered its price target from $32 to $28.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 6:23 pm

QABSY

Qantas Airways Ltd.'s Chairman Richard Goyder is facing calls for his resignation from the Australian and International Pilots Association (AIPA) due to low morale. The company was recently in the headlines after former CEO Alan Joyce saw a significant increase in his pay. Goyder, who has served as the airline's chairman since 2018, will not stand for re-election at the upcoming annual meeting. The company plans to allocate additional funds for addressing customer issues but warns of possible fare increases due to escalating fuel costs.

Portfolio Pulse from Nabaparna Bhattacharya

September 26, 2023 | 6:23 pm

SNAP

HSBC has initiated coverage on Snap with a Reduce rating and a price target of $7.50. This has led to a decrease in Snap's share price.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 6:16 pm

CDW

CDW's short percent of float has fallen 5.19% since its last report, with 1.51 million shares sold short, which is 1.28% of all regular shares available for trading. It would take traders 3.49 days to cover their short positions on average. CDW's peer group average for short interest as a percentage of float is 3.22%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 6:15 pm

BKR

Baker Hughes's (NYSE:BKR) short percent of float has risen 4.93% since its last report, with 15.66 million shares sold short, which is 2.34% of all regular shares available for trading. It would take traders 3.04 days to cover their short positions on average. Compared to its peers, Baker Hughes has less short interest as a percentage of float, with the average being 5.35%.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 6:15 pm

SBUX

Starbucks's (NYSE:SBUX) short percent of float has risen 6.31% since its last report, with 13.30 million shares sold short, which is 1.18% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Starbucks's short interest as a percentage of float is less than its peer group average of 8.67%.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 6:15 pm

UGRO

Urban-Gro, Inc. (NASDAQ:UGRO) has secured a contract worth over $11 million in the hospitality and recreation sector in the Southeastern U.S. The contract includes a range of services such as architecture, design, engineering, and construction management. The project is expected to be predominantly realized over the next six quarters. UGRO shares traded 6.54% up at $1.385 per share at the time of writing on Tuesday afternoon.

Portfolio Pulse from Joana Scopel

September 26, 2023 | 6:11 pm

AVGO

GOOG

GOOGL

Broadcom's division Symantec is partnering with Google Cloud to integrate generative AI into the Symantec Security platform to enhance cybersecurity. This partnership is expected to increase security and boost SOC productivity. Despite a recent dip in Broadcom's share price, the company's long-standing partnership with Google Cloud has been beneficial for its growth strategy.

Portfolio Pulse from Lekha Gupta

September 26, 2023 | 6:11 pm

BCS

Barclays' stock is trading higher following an upgrade from Morgan Stanley, which changed its rating from Equal-Weight to Overweight.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 6:02 pm

KTB

Kontoor Brands Inc's denim brand Lee has launched a unisex apparel collection in partnership with China-based streetwear brand ROARINGWILD. The collection, inspired by the 1980s, includes graphic tees, denim jackets, and jeans in oversized fits. The range is available globally through Lee's digital platforms and physical outlets in the U.S. and Europe, as well as ROARINGWILD outlets and online presence in China and other selected regions. KTB shares are trading higher by 1.23% at $42.21.

Portfolio Pulse from Shivani Kumaresan

September 26, 2023 | 6:02 pm