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ANSS

Ansys (NYSE:ANSS) has seen a 7.65% decrease in short interest, with 1.15 million shares sold short, representing 1.69% of its float. The average time to cover these short positions is 2.7 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Ansys has less short interest compared to its peer group average of 3.01%.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 3:30 pm

ORLY

O'Reilly Automotive's (NYSE:ORLY) short interest has decreased by 13.25% since the last report, with 1.26 million shares sold short, representing 2.16% of available shares. The average time to cover these short positions is 3.87 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, O'Reilly Automotive has a lower short interest percentage of float, with the peer group average at 13.59%.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 3:30 pm

NU

Nu Holdings (NYSE:NU) has seen a 27.47% decrease in short interest since its last report, with 51.70 million shares sold short, representing 1.69% of available shares. The average time to cover these short positions is 1.55 days. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not guarantee a price rise. Nu Holdings has a higher short interest than its peer group average of 0.75%.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 3:30 pm

SPY

UNG

The latest report on USA Natural Gas Storage showed a decrease of 55 billion cubic feet, compared to the estimated decrease of 54 billion cubic feet and the prior decrease of 117 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:30 pm

AMZN

MSFT

Microsoft Corp's (NASDAQ:MSFT) stock is trading lower following reports that the company has put the integration of LinkedIn's data center technology with Azure on hold. This decision marks a significant shift from the initial strategy announced in 2019, after Microsoft's acquisition of LinkedIn for $27 billion. The pause is attributed to reallocating resources to external Azure customers due to high demand and challenges in adapting LinkedIn's software for Azure. Despite this, Azure's revenue grew by 29% in the third quarter, while LinkedIn's revenue increased by 8%. Microsoft's stock has risen over 54% year-to-date.

Portfolio Pulse from Anusuya Lahiri

December 14, 2023 | 3:29 pm

RNR

RenaissanceRe Holdings Ltd. (RNR) stock is trading lower following an initiation of coverage by Evercore ISI Group with an Underperform rating and a $200 price target.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:28 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) is expected to report increased Q1 earnings with an estimate of $3.42 per share, up from $3.07 per share a year ago. Revenue is projected at $57.68 billion. The company showed a 3.5% growth in November comparable sales and a 5.1% increase in net sales for the four weeks ended Nov. 26, 2023. Shares closed at $642.00. Analysts from Oppenheimer, Stifel, Truist Securities, JP Morgan, and B of A Securities have provided ratings and adjusted price targets for Costco's stock.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 3:27 pm

AAPL

FXCOF

Apple Inc.'s market value is nearing that of the entire French stock market, with a market cap of $3.1 trillion compared to France's $3.2 trillion. Apple's shares rose 1.67% to $197.96, reflecting a 38% increase over the past year. The company faces challenges in China but is expanding in India, with plans to produce over 50 million iPhones annually there in a few years. Foxconn Technology Co., Ltd. has been approved to invest an additional $1 billion in its India plant. Citigroup analyst Atif Malik points to Apple's structural gross margin expansion and high-end market position as reasons for optimism.

Portfolio Pulse from Nabaparna Bhattacharya

December 14, 2023 | 3:26 pm

SCHW

Charles Schwab's stock is trading higher following the release of its November activity report, which showed a 7% increase in total client assets to $8.18 trillion compared to October.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:24 pm

AAPL

AMZN

DIA

GLD

GOOG

IWM

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The Dow Jones Industrial Average hit a new historic high, with SPDR Dow Jones Industrial Average ETF Trust (DIA) showing a breakout. The market is going parabolic, which historically is not sustainable, and a pullback is expected. Powell's recent flip on monetary policy has increased the risk of market maker gamma squeeze, potentially driving the market higher. Strong retail sales and jobless claims data contradict Powell's dovish stance, suggesting the Fed may have to reverse course if strong data persists. The European Central Bank left rates unchanged and plans to exit pandemic stimulus. Money flows are positive in Amazon, Nvidia, Alphabet, Tesla, Apple, SPY, and QQQ, but negative in Microsoft and Meta. The Arora Report suggests diversification beyond the 'Magnificent Seven' tech giants and adding small caps to portfolios. Gold, oil, and Bitcoin markets are also discussed, with the momo crowd buying and smart money's actions locked.

Portfolio Pulse from The Arora Report

December 14, 2023 | 3:20 pm