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LYFT

Lyft (NYSE:LYFT) has seen a decrease in short interest, with the short percent of float falling 5.94% since the last report. The company has 48.90 million shares sold short, which is 14.89% of available shares for trading. The average time to cover these short positions is 3.79 days. A decrease in short interest may indicate a more bullish sentiment among investors. Lyft's short interest is higher than its peer group average of 9.05%. Short interest levels can serve as a market sentiment indicator.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:00 pm

MDC

Evercore ISI Group has downgraded M.D.C. Holdings (NYSE:MDC) to In-Line, adjusting the price target from $57.00 to $63.00. MDC's shares are currently trading at $62.70, and the new price target suggests a modest increase of 0.48%. M.D.C. Holdings is a holding company that operates in home construction and financial services, with significant revenue from Colorado, California, Washington, and Arizona.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:00 pm

LXU

UBS has downgraded LSB Industries (NYSE:LXU) from a previous rating to Neutral and reduced the price target from $11.00 to $9.00. LSB Industries' shares are currently trading down at $7.98, which is a 3.86% decrease. The new price target suggests a potential upside of 12.78% from the current share price. LSB Industries is a manufacturer and seller of chemical products for agricultural, industrial, and mining markets in the United States.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:00 pm

MDT

Medtronic (NYSE:MDT) has seen a 28.36% increase in short interest since its last report, with 11.39 million shares sold short, representing 0.86% of available shares. The short interest is below the peer group average of 3.55%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:00 pm

MPC

Raymond James has reaffirmed its Strong Buy rating on Marathon Petroleum (NYSE:MPC) and increased its price target from $175.00 to $185.00. Despite a slight decline in share price over the last 24 hours, the new price target suggests a potential upside of 9.29%. Marathon Petroleum is a major independent refiner with significant throughput capacity and renewable diesel production facilities.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:00 pm

AAPL

ADP

AMD

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

The Arora Report analyzed earnings from Microsoft (MSFT), Advanced Micro Devices (AMD), and Alphabet (GOOG), stating they were good but did not meet the whisper numbers, and AI prospects are strong but overhyped. ADP's employment report showed weaker than expected job growth, leading to speculation of a potential Fed rate cut, which caused a shift from selling to buying in tech stocks. Money flows were negative in major tech stocks like Apple (AAPL), Amazon (AMZN), Alphabet (GOOG), Meta Platforms (META), Microsoft (MSFT), NVIDIA (NVDA), and Tesla (TSLA), while mixed in ETFs SPY and QQQ. The momo crowd is buying gold, oil, and bitcoin, while smart money remains inactive. The Arora Report advises investors to maintain a protection band of cash, hedges, and short-term trades to balance risk and opportunity.

Portfolio Pulse from The Arora Report

January 31, 2024 | 5:00 pm

ROK

Rockwell Automation's stock is trading lower due to the company reporting Q1 results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 4:58 pm

PHM

RBC Capital analyst Mike Dahl has maintained a 'Sector Perform' rating on PulteGroup (NYSE:PHM) and increased the price target from $103 to $106.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 4:57 pm

PCH

RBC Capital analyst Matthew McKellar has reiterated a 'Sector Perform' rating on PotlatchDeltic (NASDAQ:PCH) and maintained a price target of $48.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 4:55 pm

UMC

United Microelectronics Corp (UMC) reported a decline in Q4 FY23 revenue by 19% YoY to $1.79 billion, surpassing the consensus of $1.70 billion. Earnings per ADS were $0.17, beating the consensus of $0.15. The company saw growth in 22 and 28nm wafer revenue, which now represents 36% of total wafer sales. However, gross margin fell by 1,050 basis points to 32.4% due to lower utilization and weak demand. Co-President Jason Wang is optimistic about a mild increase in wafer demand for Q1 2024, despite cautious inventory management by customers. UMC expects Q1 wafer shipments to rise by 2%-3%, ASP in USD to decrease by 5%, and capacity utilization in the low 60% range. The company plans a 2024 capex of $3.3 billion. UMC shares dropped by 1.28% to $7.73.

Portfolio Pulse from Anusuya Lahiri

January 31, 2024 | 4:54 pm