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UWMC

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The housing market has seen a significant contraction due to the end of record-low interest rates, with mortgage loan applications at a 25-year low. The market remains a seller's market with a shortage of available homes, rising mortgage rates, and growing home prices. Major mortgage lenders Rocket Companies (RKT), UWM Holdings Corp (UWMC), and Wells Fargo (WFC) have seen their stocks lose momentum.

Portfolio Pulse from Thrash Capital

September 15, 2023 | 2:32 pm

ALGN

Align Tech's (NYSE:ALGN) short percent of float has fallen 8.06% since its last report, indicating a more bullish sentiment towards the stock. The company has 2.08 million shares sold short, which is 3.08% of all regular shares available for trading. Compared to its peers, Align Tech has less short interest as a percentage of float, with the average being 5.48%.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 2:30 pm

ISRG

Intuitive Surgical (NASDAQ:ISRG) has outperformed the market over the past 10 years, producing an average annual return of 21.96%. If an investor had bought $1000 of ISRG stock 10 years ago, it would be worth $7,231.89 today.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 2:30 pm

GD

General Dynamics's (NYSE:GD) short percent of float has fallen 10.0% since its last report, with 2.61 million shares sold short, which is 1.08% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, General Dynamics has less short interest.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 2:30 pm

CMG

Chipotle Mexican Grill (NYSE:CMG) has outperformed the market over the past 5 years by 22.45% on an annualized basis, producing an average annual return of 31.36%. If an investor had bought $100 of CMG stock 5 years ago, it would be worth $393.69 today.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 2:30 pm

AYRWF

CCHWF

PLNHF

TCNNF

VRNOF

Florida's cannabis market is showing robust growth with a valuation of over $1.4 billion and a volume growth rate surpassing 30%. The potential for recreational legalization has driven stock prices upward. Planet 13 (OTC:PLNHF) plans to acquire VidaCann, a significant player in the state. Independent operators like Cansortium and Green Dragon are rising, while multi-state operators like Surterra, iAnthus, and Columbia Care (OTC:CCHWF) might consider divesting their Florida assets. Trulieve (OTC:TCNNF) remains the market leader, but Verano (OTC:VRNOF) and AYR (OTC:AYRWF) are experiencing significant growth.

Portfolio Pulse from Nicolás Jose Rodriguez

September 15, 2023 | 2:30 pm

MU

Micron Technology's (NYSE:MU) short percent of float has fallen 4.37% since its last report, indicating a more bullish sentiment towards the stock. The company has 19.08 million shares sold short, which is 1.75% of all regular shares available for trading. Compared to its peers, Micron Technology has less short interest.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 2:30 pm

SCHW

Charles Schwab's shares are trading lower following the release of its Monthly Activity Report for August 2023.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 2:22 pm

LITB

LightInTheBox Holding Co Ltd (NYSE:LITB) reported Q2 FY23 sales growth of 44.9% YoY to $191.77 million, driven by a 46.1% increase in product sales. However, services and other sales fell by 19.3%. The company's gross margin expanded to 57.5%, and gross profit rose by 50.5%. The operating expense increased by 47.8% YoY, resulting in an operating loss of $1.6 million. The company expects Q3 net revenues of $145 million - $160 million.

Portfolio Pulse from Shivani Kumaresan

September 15, 2023 | 2:18 pm

META

Meta Platforms Inc's stock has seen a significant surge of 269% from November 2022 to July 2023, largely due to its ambitious AI endeavors, including the development of a chatbot to rival OpenAI's GPT-4. Despite a 15% drop after reaching a peak of $326, the stock has shown resilience, climbing 13% and surpassing the $300 level. If the stock can maintain a close above $326, it could signal a continuation of the upward trend.

Portfolio Pulse from Zaheer Anwari

September 15, 2023 | 2:17 pm