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GLW

Corning's (NYSE:GLW) short percent of float has fallen 12.26% since its last report, with 7.90 million shares sold short, which is 0.93% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Corning. Compared to its peers, Corning has less short interest as a percentage of float, with an average of 3.22%.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 1:30 pm

EIX

Edison Intl's (NYSE:EIX) short percent of float has risen 4.12% since its last report, with 7.37 million shares sold short, which is 2.78% of all regular shares available for trading. It would take traders 5.52 days to cover their short positions on average. The company has more short interest than most of its peers, with the peer group average for short interest as a percentage of float being 2.06%.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 1:30 pm

ABT

Abbott Laboratories' (NYSE:ABT) short percent of float has fallen 10.81% since its last report, with 11.47 million shares sold short, which is 0.66% of all regular shares available for trading. It would take traders 2.81 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 3.37%.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 1:30 pm

ATLC

BLFY

KPLT

SQ

The article lists four financial stocks that are currently oversold and may present buying opportunities. These include Block, Inc. (SQ), Blue Foundry Bancorp (BLFY), Atlanticus Holdings Corporation (ATLC), and Katapult Holdings, Inc. (KPLT). All four stocks have an RSI value below 30, indicating they are oversold. The companies have also been the subject of recent analyst ratings and corporate actions.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 1:30 pm

F

Ford Motor Co (NYSE:F) has warned that the UK government's potential delay of the petrol and diesel car sales ban could hinder the transition to electric vehicles. The UK Prime Minister is considering a five-year delay to the planned ban, originally set for 2030, as part of a rollback of green-energy policies. Ford's UK Managing Director, Lisa Brankin, stated that the company needs ambition, commitment, and consistency from the UK government. Ford plans to sell only fully electric passenger vehicles in Europe by the end of the decade.

Portfolio Pulse from Shivani Kumaresan

September 20, 2023 | 1:23 pm

SPY

The Federal Open Market Committee (FOMC) is expected to maintain its current interest rates in the range of 5.25%-5.5%, with a 99% chance of rates staying unchanged. The market assigns a 70% probability of another hold in the Nov. 1 meeting. Analysts are divided on whether the Fed will pencil in an additional rate hike for 2023. The FOMC meeting will unveil updated summary economic projections, incorporating data on GDP growth, inflation, and the unemployment rate for the coming years. This scenario has the potential to introduce volatility in the stock market, including the S&P 500, which is closely tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY).

Portfolio Pulse from Piero Cingari

September 20, 2023 | 1:22 pm

SNY

SPRY

The FDA has rejected ARS Pharmaceuticals' New Drug Application for neffy, an epinephrine nasal spray intended as an alternative to EpiPen and Sanofi's Auvi-Q. The FDA has requested additional studies to support approval. ARS Pharma plans to resubmit in the first half of 2024, with an anticipated FDA action date in the second half of 2024. The company expects to have approximately $195 million in cash and short-term investments at the time of the anticipated launch. The news has caused ARS Pharma's shares to drop by 58.5%.

Portfolio Pulse from Vandana Singh

September 20, 2023 | 1:21 pm

LLY

NVO

Eli Lilly has filed lawsuits against ten entities in the U.S., including medical spas, wellness centers, and compounding pharmacies, for selling unauthorized versions of its diabetes drug, Mounjaro. The lawsuits aim to prevent these entities from marketing the drug and seek unspecified monetary damages. This follows similar legal actions by Novo Nordisk against entities selling compounded versions of its weight-loss drugs. Eli Lilly's shares are up by 0.41% in the premarket session.

Portfolio Pulse from Vandana Singh

September 20, 2023 | 1:18 pm

SWBI

Smith & Wesson Brands Inc (NASDAQ:SWBI) announced a new stock repurchase program of up to $50 million, which led to a rise in its stock price. The buybacks can be made until Sept. 19, 2024. The company's shares are up approximately 34% year-to-date.

Portfolio Pulse from Adam Eckert

September 20, 2023 | 1:11 pm

AAPL

GS

Apple and Goldman Sachs were planning to launch a stock-trading feature for iPhones, but the plan was put on hold due to market conditions. The feature would have allowed users to buy and sell stocks. The project was shelved as markets turned south. The status of the project is unclear after Goldman Sachs CEO decided to retrench from nearly all of the bank's consumer efforts. However, the infrastructure for the feature is mostly built and ready to go should Apple decide to proceed.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 1:10 pm