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ACN

Accenture's (NYSE:ACN) short percent of float has risen 10.0% since its last report, with 7.66 million shares sold short, which is 1.21% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Accenture's peer group average for short interest as a percentage of float is 4.55%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 6:00 pm

Over the past 3 months, 15 analysts have published their opinion on Celanese (NYSE:CE) stock. The average price target is $123.27, implying a downside from the current price of $124.12. This average has decreased by 2.23% from the previous average price target of $126.08.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 6:00 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

STT

TFC

TSLA

USB

Apple Inc's (AAPL) stock performance is at a critical junction that could impact the entire stock market. The company's fundamentals are deteriorating, with three quarters of declining revenues expected. Moody's has cut credit ratings on ten U.S. banks due to office real estate exposure and higher funding costs, and may downgrade ratings of major U.S. lenders such as U.S. Bancorp (USB), Bank of New York Mellon Corp (BK), State Street Corp (STT), and Truist Financial Corp (TFC). Chinese exports have fallen by 14.5% YoY, indicating falling consumer demand. Negative money flows are observed in AAPL, Tesla Inc (TSLA), Microsoft Corp (MSFT), Meta Platforms Inc (META), Amazon.com, Inc. (AMZN), NVIDIA Corp (NVDA), and Alphabet Inc Class C (GOOG).

Portfolio Pulse from The Arora Report

August 08, 2023 | 5:58 pm

BNTX

BioNTech shares are trading higher after experiencing a drop on Monday.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 5:55 pm

TDG

TransDigm Group Inc (TDG) reported Q3 FY23 sales growth of 25% YoY to $1.74 billion, beating the consensus of $1.68 billion. Adjusted EPS improved 49% YoY to $7.25, beating the consensus of $6.33. The company raised its full-year guidance due to solid Q3 results and current expectations for the remainder of the fiscal year. Despite the positive report, TDG shares are trading lower by 1.87%.

Portfolio Pulse from Akanksha Bakshi

August 08, 2023 | 5:51 pm

TWLO

Twilio's shares are trading lower due to weakness in software stocks. The company is set to report its Q2 results after the close.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 5:51 pm

John Rogers, a Goldman Sachs executive known as the 'CEO Whisperer', is stepping down after nearly 30 years at the firm. He will be succeeded by Russell Horwitz, a former Goldman executive. Rogers will retain other positions at Goldman, including executive vice president, secretary to the board, and leader of its philanthropic efforts. Goldman's stock traded lower on Tuesday amid overall weakness in financial stocks.

Portfolio Pulse from Aaron Bry

August 08, 2023 | 5:49 pm

ABT

DXCM

PODD

TNDM

Shares of insulin and glucose monitoring companies are trading lower, possibly due to strong data from diabetes and weight loss drug makers Novo Nordisk and Lilly. This has led to increased sales growth for these companies, potentially impacting the market share of insulin and glucose monitoring companies.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 5:46 pm

IDXX

IDEXX Laboratories's (NYSE:IDXX) short percent of float has risen 8.06% since its last report, with 2.47 million shares sold short, which is 3.35% of all regular shares available for trading. It would take traders 5.2 days to cover their short positions on average. The company has more short interest than most of its peers, with an average of 3.17%.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 5:45 pm

AME

AMETEK's (NYSE:AME) short percent of float has risen 7.95% since its last report, with 1.95 million shares sold short, which is 0.95% 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, AMETEK has less short interest as a percentage of float, with an average of 11.82%.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 5:45 pm