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SDRL

Seadrill Limited, a deepwater drilling contractor, has resumed trading of its shares. The company's stock, which is listed under the ticker symbol SDRL, had previously been halted. Investors are now able to buy and sell SDRL shares again.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 4:36 pm

BP

USO

Oil prices have risen for a second consecutive week due to tensions in the Red Sea, with Nymex WTI up 4.6% and Brent crude up 4.7% for the week. The United States Oil Fund (USO) also saw a weekly increase of 2.8%. Freight companies, including BP, have suspended shipments through the Red Sea/Suez Canal, opting for longer routes around the Cape of Africa, leading to supply chain delays and spot market price hikes. Despite recent gains, USO is still 16% below its 2023 peak.

Portfolio Pulse from Neil Dennis

December 22, 2023 | 4:33 pm

TEAM

Atlassian (NASDAQ:TEAM) has delivered an average annual return of 23.21% over the past 5 years, outperforming the market by 9.19% on an annualized basis. A $100 investment in TEAM stock 5 years ago would be worth $307.93 today. Atlassian's market cap stands at $63.76 billion.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 4:30 pm

SCCO

Over the past 5 years, Southern Copper (NYSE:SCCO) has produced an average annual return of 23.16%, outperforming the market by 9.15% on an annualized basis. A $100 investment in SCCO 5 years ago would be worth $292.30 today. The company's market capitalization currently stands at $67.52 billion.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 4:30 pm

FANH

PUYI

Puyi Inc (NASDAQ:PUYI) has signed an agreement to repurchase a 4.46% stake from Fanhua Inc (NASDAQ:FANH). Additionally, Fanhua's subsidiary in China will acquire a 15.41% stake in Fanhua Puyi Fund Sales Co., Ltd. for RMB10.5 million. The transaction is expected to close by December 31, 2023, after which Fanhua will no longer hold any direct equity interest in Puyi. Puyi's cash and cash equivalents as of June 30 were $22.3 million. PUYI shares dropped 0.51% to $3.90 in the last trading session.

Portfolio Pulse from Lekha Gupta

December 22, 2023 | 4:27 pm

POL

Shares of Polished (POL) were halted on a circuit breaker due to a rapid increase in price, with the stock surging 46.3%.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 4:25 pm

DIA

IWM

QQQ

SPY

Consumer sentiment in December was revised upwards to 69.7, indicating improved consumer expectations. In contrast, new home sales in November saw a significant decline of 12.2%, the largest since April 2022. Despite mixed economic data, Wall Street traded higher, with speculation of rate cuts following a lower-than-expected PCE inflation report. ETFs like SPY, QQQ, DIA, and IWM all saw increases in early morning trading.

Portfolio Pulse from Piero Cingari

December 22, 2023 | 4:17 pm

HUBS

HubSpot's (NYSE:HUBS) short interest has decreased by 15.81% since the last report, with 949 thousand shares sold short, representing 1.97% of available shares. The average time to cover these short positions is 2.01 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. HubSpot has less short interest compared to its peer group average of 3.31%.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 4:15 pm

DVN

Devon Energy (NYSE:DVN) has seen a 3.89% increase in short interest since the last report, with 10.44 million shares sold short, representing 1.87% of available shares. The short interest is lower than the peer group average of 6.06%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 4:15 pm

ADP

Automatic Data Processing (NYSE:ADP) has seen a 17.59% decrease in short interest since its last report, with 3.67 million shares sold short, representing 0.89% of its float. The average time to cover these short positions is 2.2 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. ADP's short interest is below its peer group average of 5.78%.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 4:15 pm