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UTEN

The 10-year Treasury yield has reached its highest level since November 2007, closing at 4.37%. This marks the potential fifth consecutive month of yield increases. The yield has increased by 25 basis points this month, the largest increase since February 2023. The US Treasury 10 Year Note ETF (NASDAQ:UTEN) is down 5.4% year-to-date. The Federal Reserve Open Market Committee (FOMC) is expected to maintain its federal funds rate target between 5.25% and 5.5%.

Portfolio Pulse from Piero Cingari

September 19, 2023 | 8:41 pm

USO

The American Petroleum Institute (API) reported a weekly crude oil stock draw of 5.25 million barrels, which is more than the estimated draw of 2.667 million barrels. This is a significant change from the previous week's build of 1.174 million barrels.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:38 pm

MMAT

Meta Materials has received a 180-day extension from Nasdaq to achieve minimum bid compliance. This extension will allow the company more time to increase its stock price to meet Nasdaq's minimum bid requirement.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:32 pm

DE

Deere's (NYSE:DE) short percent of float has risen 8.22% since its last report, with 2.28 million shares sold short, which is 0.79% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Deere has less short interest as a percentage of float, which is 2.64% on average.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 8:30 pm

CSX

The short percent of float for CSX (NYSE:CSX) has risen 16.88% since its last report, with 18.01 million shares sold short, representing 0.9% of all regular shares available for trading. This increase in short interest could indicate a bearish market sentiment towards CSX. However, compared to its peers, CSX has less short interest as a percentage of float, which is 0.95% on average.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 8:30 pm

LNG

Cheniere Energy's (NYSE:LNG) short percent of float has risen 12.03% since its last report, with 3.57 million shares sold short, which is 1.49% of all regular shares available for trading. It would take traders 2.85 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Cheniere Energy's peer group average for short interest as a percentage of float is 3.66%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 8:30 pm

OTMO

Shareholders of Otonomo have approved the business combination with Urgently. The transaction is expected to be completed by the end of October. The combined company will operate under the name 'Urgent.ly' and will trade under the ticker 'ULY', subject to Nasdaq approval.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:29 pm

FRTX

Fresh Tracks (FRTX) shares are trading higher after the company announced its Board of Directors has approved a plan of liquidation and dissolution.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:18 pm

ZIVO

Zivo Bioscience has announced the results of a month-long coccidiosis trial in broiler chickens. The company stated that all test groups demonstrated a statistically significant benefit in broiler health under simulated commercial conditions.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:17 pm

ACGL

Arch Capital Group Inc.'s (NASDAQ:ACGL) stock has increased by 8.89% over the past month and by 81.25% over the past year. The company's P/E ratio is lower than the aggregate P/E of 19.8 of the Insurance industry, which could indicate that the stock is undervalued. However, the P/E ratio should be used with caution as it is just one of many metrics that investors should consider when making investment decisions.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 8:15 pm