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KKR

KKR & Co Inc has increased its stake in Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries, through an investment of 2,069.50 crore rupees. This investment raises KKR's stake to 1.42% from 1.17%. KKR also disclosed a new equity investment of over $1 billion in USI Insurance Services. Last month, KKR reported Q2 revenues of $3.63 billion, significantly higher than the previous year. KKR shares are currently trading higher by 0.76% at $63.30.

Portfolio Pulse from Lekha Gupta

September 11, 2023 | 5:19 pm

TECK

Teck Resources shares are trading higher due to a rise in copper prices. Additionally, JSW Steel is reportedly planning to acquire a stake in Teck's coal unit.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 5:17 pm

CING

Cingulate Inc (NASDAQ: CING) has priced its $4-million public offering at around 58 cents per share, which includes 6.93 million shares and Series A and Series B warrants. The company also announced full results from the Phase 3 adult efficacy and safety study of its lead candidate, CTx-1301 (dexmethylphenidate), for ADHD. The data did not achieve statistical significance on the primary efficacy endpoint but showed a trend toward significance in improving PERMP scores. Cingulate shares were down 5.14% at 55 cents midday Monday.

Portfolio Pulse from Vandana Singh

September 11, 2023 | 5:17 pm

VFS

VinFast shares are trading lower following its Nasdaq debut, indicating a pullback.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 5:16 pm

XOM

Exxon Mobil's (NYSE:XOM) short percent of float has risen 3.57% since its last report, with 34.65 million shares sold short, which is 0.87% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Exxon Mobil's peer group average for short interest as a percentage of float is 1.62%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:15 pm

TJX

TJX Companies's short percent of float has risen 29.51% since its last report, with 9.11 million shares sold short, which is 0.79% of all regular shares available for trading. It would take traders 2.07 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, TJX Companies's peer group average for short interest as a percentage of float is 14.41%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:15 pm

NFLX

Netflix's short percent of float has decreased by 6.34% since its last report, with 8.40 million shares sold short, representing 1.92% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Netflix. Compared to its peers, Netflix has less short interest, with the average for its peer group being 8.10%.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 5:15 pm

TGLO

Delfin Midstream, which owns over 70% of TGLO (OTC:TGLO), has not yet completed a long-awaited reverse merger. The company has not diluted its shares or engaged in toxic financing, and it has plans for expansion. The article suggests that Delfin may be waiting for the right time to complete the merger, possibly when natural gas prices are low.

Portfolio Pulse from Buzz Margin Call

September 11, 2023 | 5:14 pm

MUFG

SMFG

Shares of Japanese banks, including MUFG and SMFG, are trading higher following comments from the Bank of Japan suggesting a possible end to negative rates. The bank suggested that if policymakers become confident that prices and wages will keep going up sustainably, an end to negative interest rates is possible.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 5:14 pm

HLX

Helix Energy Solutions (HLX) has been picked by the Oxford Micro Cap Newsletter. This could potentially increase the visibility and interest in the stock.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 5:10 pm