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LII

Lennox Intl (NYSE:LII) is expected to release its quarterly earnings report on January 31, 2024, with an estimated EPS of $3.48. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Lennox Intl has surpassed EPS estimates, leading to modest share price increases. The stock has risen 64.58% over the past 52 weeks, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 6:00 pm

LHX

L3Harris Technologies (NYSE:LHX) has seen a decrease in short interest, with the short percent of float dropping 13.11% since the last report. The company has 2.01 million shares sold short, representing 1.06% of available shares. The average time to cover these short positions is 1.74 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. L3Harris has a lower short interest compared to its peer group average of 2.94%. Short interest is a key indicator of market sentiment and changes in short interest can have implications for stock performance.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 6:00 pm

ESPR

Esperion Therapeutics (NYSE:ESPR) has seen a significant decrease in short interest, with a 40.03% drop since the last report. The current short interest stands at 20.20 million shares, or 12.66% of the float. It would take about 2.65 days to cover all short positions. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price. Esperion has a higher short interest than its peer group average of 10.42%.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 6:00 pm

CHPT

ChargePoint Holdings (NYSE:CHPT) has seen an 8.9% increase in short interest since the last report, with 97.31 million shares sold short, representing 24.96% of available shares. It would take about 6.2 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. ChargePoint's short interest is significantly higher than its peer group average of 9.05%.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 6:00 pm

BTCUSD

ETHUSD

SOLUSD

Solana (CRYPTO: SOL) experienced an 8% surge on Monday, trading above $100. The increase is attributed to a rise in daily active addresses and meaningful applications on its network. Solana's volume exceeded $3 billion after a 75.6% rally. Daily active addresses for Solana surpassed those of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). New Solana-focused firm Anza was launched, aiming to contribute to the network's development. Kamino, a Solana-based venue, now trades NFT products. Analysts are bullish on Solana, predicting it will converge on Ethereum's success rapidly, with price targets suggesting further gains.

Portfolio Pulse from Khyathi Dalal

January 30, 2024 | 5:58 pm

HUBB

Hubbell Inc (NYSE:HUBB) shares rose after reporting Q4 FY23 results with net sales of $1.35 billion, surpassing the $1.32 billion consensus. Utility Solutions and Electrical Solutions segments saw Y/Y growth. Gross profit and adjusted operating margin increased, with adjusted EPS of $3.69 beating the $3.57 consensus. Hubbell acquired Systems Control for $1.1 billion and agreed to sell its Residential Lighting business for $131 million. FY24 outlook anticipates adjusted EPS of $16.00-$16.50 and sales growth of 8%-10% Y/Y.

Portfolio Pulse from Lekha Gupta

January 30, 2024 | 5:57 pm

SMCI

Rosenblatt analyst Hans Mosesmann has maintained a Buy rating on Super Micro Computer (NASDAQ:SMCI) and increased the price target from $550 to $700.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 5:56 pm

BOTZ

NVDA

USO

The IMF's latest report suggests a positive economic outlook for 2024, with a forecasted global growth of 3.1%. The report highlights the role of AI, particularly the impact of Nvidia Corp, a leader in AI chip production. The Global X Robotics & Artificial Intelligence ETF (BOTZ) offers exposure to Nvidia and other AI companies. Additionally, geopolitical tensions and inflation are noted as potential risks, with the United States Oil Fund ETF (USO) seeing an 8% gain since the year's start. The U.S. economy is expected to grow by 2.1% in 2024, with fiscal tightening and debt management posing challenges.

Portfolio Pulse from Neil Dennis

January 30, 2024 | 5:51 pm

MPC

Marathon Petroleum's stock is trading higher following the release of their Q4 financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 5:49 pm

SYY

Sysco Corporation's stock is trading higher following the announcement of mixed financial results for the second quarter. Despite the mixed results, the company has reaffirmed its guidance for the future.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 5:46 pm