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SYY

Sysco's (NYSE:SYY) short percent of float has fallen 8.47% since its last report, with 8.16 million shares sold short, which is 1.62% of all regular shares available for trading. It would take traders 3.3 days to cover their short positions on average. Sysco's peer group average for short interest as a percentage of float is 4.24%, indicating that the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 4:30 pm

WM

Waste Management's (NYSE:WM) short percent of float has risen 19.57% since its last report, with 4.47 million shares sold short, which is 1.1% of all regular shares available for trading. It would take traders 3.66 days to cover their short positions on average. The company's short interest is less than its peer group average of 2.68%.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 4:30 pm

PXD

Pioneer Natural Resources's (NYSE:PXD) short percent of float has fallen 13.5% since its last report, with 3.27 million shares sold short, which is 1.41% of all regular shares available for trading. It would take traders 2.46 days to cover their short positions on average. The company's short interest is less than its peer group average of 6.47%.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 4:30 pm

FDX

UPS

FedEx Corp (NYSE:FDX) shares spiked after the company reported its quarterly results and gained market share. Analysts from Morgan Stanley, Stephens, and Oppenheimer provided their insights on the earnings release. Morgan Stanley maintained an Equal-Weight rating and raised the price target from $200 to $205. Stephens reiterated an Overweight rating and a price target of $290. Oppenheimer reaffirmed a Perform rating on the stock. FedEx's earnings beat was driven by FedEx Ground, which reported an operating margin of 13.3% due to stronger volumes.

Portfolio Pulse from Priya Nigam

September 21, 2023 | 4:29 pm

CELH

KO

NVO

A short report by Edwin Dorsey's 'The Bear Cave' suggests that Coca-Cola (KO) is facing challenges from emerging brands, changing consumer preferences, and the impact of weight loss drugs. The report highlights the success of new entrants like Prime and Celsius Holdings (CELH), which have leveraged modern advertising platforms and influencer endorsements. It also points to a decline in sales for Coca-Cola's Dasani brand and potential issues with the company's diversity initiatives. The report suggests that weight loss drugs like Novo Nordisk's (NVO) Wegovy and Ozempic could further impact Coca-Cola's market share.

Portfolio Pulse from AJ Fabino

September 21, 2023 | 4:19 pm

DDOG

A significant bullish stance has been taken on Datadog (NASDAQ:DDOG) by an unknown entity, with 11 uncommon options trades spotted. The sentiment of these trades is split between 54% bullish and 45% bearish. The whales have been targeting a price range from $65.0 to $100.0 for Datadog over the last 3 months. The price of DDOG is currently down -3.54% at $88.79. Citigroup has maintained their Buy rating on Datadog, with a price target of $125.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 4:18 pm

CELH

Celsius Holdings, Inc. (NASDAQ:CELH) shares are trading lower, with a drop of over 15% in the last five days. The stock is experiencing above-average trading volume. Roth MKM analyst Sean McGowan maintained a Buy rating for CELH and raised the price target from $180 to $220. CELH has an outsized short-interest with 33.89% of available shares being sold short.

Portfolio Pulse from Erica Kollmann

September 21, 2023 | 4:16 pm

BHF

Goldman Sachs has downgraded Brighthouse Financial's stock from Neutral to Sell and reduced its price target from $47 to $43. This has led to a decrease in Brighthouse Financial's share price.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 4:13 pm

SHEL

Shell PLC is seeking partners to invest in renewable assets managed by its Indian subsidiary, Sprng Energy. This move aligns with the company's growth plans, which include doubling down on oil and gas operations and scaling back some investments in renewables. Shell also recently opened its largest electric vehicle charging station globally in Shenzhen, China.

Portfolio Pulse from Nabaparna Bhattacharya

September 21, 2023 | 4:12 pm

CRWD

CrowdStrike Holdings Inc (CRWD) announced the launch of cybersecurity's first zero-code application development platform at the Fal.Con Tradeshow. Analysts from Needham, Mizuho Securities, Truist Securities, Wedbush, BMO Capital Markets, and Stifel provided their insights on the company's new capabilities and future prospects. The company's projected total addressable market (TAM) is $225 billion by 2028, and it expects to reach average recurring revenues (ARR) of $10 billion in five to seven years. The company's shares declined by 0.61% to $162.89.

Portfolio Pulse from Priya Nigam

September 21, 2023 | 4:10 pm