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SPWR

SunPower (NYSE:SPWR) has seen a decrease in short interest, with the short percent of float falling 6.04% since the last report. The company has 26.76 million shares sold short, which is 30.81% of available shares for trading. The current short interest is higher than the peer group average of 10.18%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 6:30 pm

MTC

MMTEC, Inc. (NYSE:MTC) has reported a 50% decrease in short interest since its last report, with 34 thousand shares sold short, representing 0.02% of its float. The average time to cover these short positions is 1.0 day. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. MMTEC's short interest is significantly lower than its peer group average of 6.62%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 6:30 pm

DIS

DKNG

PDYPY

PENN

Barstool Sports, founded by Dave Portnoy, may re-enter sports betting through a potential deal with DraftKings Inc (DKNG) after being sold back to Portnoy by PENN Entertainment (PENN). The deal with DraftKings would be a marketing partnership, promoting DraftKings odds and referring customers. The deal can't be finalized until after Super Bowl LVIII due to a lock-up agreement from the divestiture from PENN. PENN took an $850-million write-off on its Barstool acquisition and has since partnered with ESPN Bet, which is seeing initial success. DraftKings shares hit new 52-week highs, while PENN shares also saw an increase.

Portfolio Pulse from Chris Katje

January 24, 2024 | 6:28 pm

ARKK

ARKW

MMM

SPY

TXN

Cathie Wood, the investor behind ARK Invest, predicts that the Federal Reserve will cut interest rates to stop a 'rolling recession' and counter deflationary pressures. She believes that interest rates will drop sooner and more sharply than anticipated, which will support company valuations. Wood mentioned 3M Co and Texas Instruments as examples of companies facing macroeconomic challenges. Her ETFs, ARKK and ARKW, have outperformed the SPY over the past year.

Portfolio Pulse from Chris Katje

January 24, 2024 | 6:26 pm

DOGEUSD

SHIBUSD

A cryptocurrency trader known as 'Tarded Degen Gambler' lost $250,000 in January 2024 and shared his experience on X (formerly Twitter), receiving advice to trade responsibly. The story highlights the volatility and risks of cryptocurrency trading, with references to other traders' wins and losses, including the 'Dogecoin millionaire.' The trader has since sworn off using leverage in his future trades.

Portfolio Pulse from Ivan Crnogatić

January 24, 2024 | 6:21 pm

DHI

LEN

PHM

D.R. Horton Inc's (NYSE:DHI) Q4 results showed revenue growth but lower net earnings and margins due to sales incentives. Analysts gave mixed reviews, with Keefe, Bruyette and Woods maintaining an Outperform rating and Wedbush rating it Neutral with a $115 price target. D.R. Horton's stock dropped over 10%, affecting other homebuilders like Lennar (NYSE:LEN) and Pulte Group (NYSE:PHM). Consumer credit is stretched, with higher credit card spending reported by major banks. Mortgage rates have decreased, and further rate cuts by the Fed could lead to a modest housing recovery, but the outlook remains uncertain.

Portfolio Pulse from Neil Dennis

January 24, 2024 | 6:19 pm

ANF

Abercrombie & Fitch Inc. (NYSE:ANF) stock has seen a 1.34% increase in the current session, trading at $103.98. Over the past month, ANF's stock has risen by 14.15%, and it has surged by 274.71% over the past year. Investors are considering the price-to-earnings (P/E) ratio to determine if the stock is overvalued. ANF's P/E is lower than the Specialty Retail industry average, which could indicate that the stock is undervalued or that shareholders have lower growth expectations.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 6:15 pm

STLA

TSLA

Stellantis plans to cut 600 interim jobs at its Mulhouse plant in Eastern France. The decision is attributed to the current geopolitical situation and an ongoing price war in the electric vehicle (EV) market. Reuters reported this development citing a union source.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:14 pm

NFLX

Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Netflix (NASDAQ:NFLX) but increased the price target from $500 to $565.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:14 pm

AAWH

CBSTF

GRAM

MRMD

TLRY

US cannabis stocks have surged by 69% following hints from the HHS about potential reclassification of marijuana. Ascend Wellness (AAWH) led with a 25.44% increase, while MariMed (MRMD) and Gold Flora (GRAM) also saw significant gains. The Cannabist (CBSTF) experienced a slight decline. The HHS's unredacted document recommended reclassifying cannabis to Schedule III, which has sparked media attention and discussions on platforms like Reddit, particularly for Tilray (TLRY). The report suggests political progress on cannabis reform could further boost the industry, which currently has low institutional ownership.

Portfolio Pulse from Nicolás Jose Rodriguez

January 24, 2024 | 6:12 pm