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Stock Prices

JNJ

Johnson & Johnson's (NYSE:JNJ) short percent of float has fallen 58.36% since its last report, with 32.86 million shares sold short, which is 1.37% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, JNJ has less short interest as a percentage of float, with an average of 4.26%.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 3:30 pm

ISRG

Intuitive Surgical's (NYSE:ISRG) short percent of float has risen 17.81% since its last report, with 2.99 million shares sold short, which is 0.86% of all regular shares available for trading. It would take traders 1.68 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.36%.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 3:30 pm

VZ

Verizon Communications Inc. (VZ) shares are trading lower due to concerns about future rate hikes following the recent FOMC statement and lower-than-expected initial jobless claims data. The company's significant debt obligations and financing needs could lead to higher borrowing costs if the Federal Reserve signals future interest rate hikes. This could reduce Verizon's profitability and impact its stock price. Additionally, rising interest rates could make fixed-income investments like bonds more attractive than dividend-paying stocks like Verizon, potentially putting downward pressure on its stock price.

Portfolio Pulse from Henry Khederian

September 25, 2023 | 3:29 pm

JOBY

Joby Aviation has delivered its first aircraft to Edwards Air Force Base, approximately six months ahead of the expected 2024 delivery date. This has led to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:25 pm

AMD

AMZN

IWM

NVDA

Small caps, represented by iShares Russell 2000 ETF (IWM), are signaling recession worries as they have accelerated to the downside. Large caps, however, are being held up by the AI frenzy. Amazon (AMZN) is investing $4B in AI startup Anthropic, following Microsoft's (MSFT) play with OpenAI. This is negatively impacting NVIDIA (NVDA) and AMD (AMD) in early trade. Money flows are positive in Amazon and Apple (AAPL), but negative in Nvidia, Microsoft, Alphabet (GOOG), Meta Platforms (META), and Tesla (TSLA). Money flows are mixed in SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ).

Portfolio Pulse from The Arora Report

September 25, 2023 | 3:24 pm

SPY

XLK

XLY

Morgan Stanley's equity strategist, Michael Wilson, has a cautious outlook for the U.S. stock market, advocating for a defensive stance. He highlights the resurgence of defensive sectors and weakening momentum in discretionary spending. Wilson recommends underweight positions in Consumer Discretionary and Tech sectors due to multiple pressures. Despite his bearish stance being inaccurate so far, the bank maintains a pessimistic one-year price projection for the S&P 500 Index.

Portfolio Pulse from Piero Cingari

September 25, 2023 | 3:24 pm

AAPL

QCOM

Apple's stock is currently in a rough patch, with September typically being a challenging month for the company. However, pre-orders for the iPhone 15 are up 10 to 12 percent from the iPhone 14, which is positive news for suppliers like Qualcomm and Broadcom. Apple faces competition from Huawei, whose new smartphones reportedly have faster download speeds. The future of Apple's stock depends on whether it can maintain its current level or if it will fall further.

Portfolio Pulse from Thrash Capital

September 25, 2023 | 3:24 pm

ALVO

Alvotech's shares are trading higher following the announcement of the approval of AVT04 in Japan.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:23 pm

AAPL

INDA

Pegatron, a key supplier for Apple, has halted production at its India iPhone plant for the second day following a fire over the weekend, according to Reuters. This could potentially impact Apple's supply chain.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:22 pm

AA

Alcoa Corporation has announced a new CEO, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:22 pm