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ADBE

Adobe Inc. (NYSE:ADBE) has experienced a 30.34% increase in short interest since its last report, with 5.26 million shares sold short, representing 1.16% of its float. The current short interest suggests a bearish sentiment among traders, although it is lower than the peer group average of 3.44%. The article implies that an increase in short interest does not necessarily predict a near-term price decline.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 4:00 pm

UNH

UnitedHealth Group (NYSE:UNH) has delivered an average annual return of 16.19% over the past 20 years, outperforming the market. A $1000 investment in UNH 20 years ago would be worth $20,382.70 today. The company's current market capitalization stands at $506.66 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 4:00 pm

ALCO

Alico (NASDAQ:ALCO) is expected to release its quarterly earnings report on Wednesday, 2023-12-06, with analysts predicting an EPS of $-0.34. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Alico's stock price has shown varied reactions to earnings performance, with a slight increase after a miss last quarter. Shares are currently trading at $28.76, with a 2.67% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 4:00 pm

AAPL

The article provides an analysis of Apple Inc. (NASDAQ:AAPL) in comparison to its competitors in the Technology Hardware, Storage & Peripherals industry. It highlights Apple's financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Apple's P/E ratio is below the industry average, suggesting potential value, while its P/B and P/S ratios are significantly higher, indicating a premium valuation. Apple's ROE is substantially above the industry average, reflecting efficient profit generation. However, Apple's revenue growth is lower than the industry average, signaling a potential decline in sales performance. The article also notes Apple's moderate debt-to-equity ratio compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 4:00 pm

COR

Cencora (NYSE:COR) has seen a 39.25% increase in short interest since its last report, with 8.25 million shares sold short, representing 5.18% of its float. The short interest is higher than the peer group average of 4.74%. While high short interest can indicate bearish sentiment, it can also be a bullish sign as explained by Benzinga Money.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 4:00 pm

GPOR

Gulfport Energy (NYSE:GPOR) has received positive analyst ratings in the last quarter, with 5 bullish and 1 somewhat bullish rating. Over the past 3 months, 6 analysts have set a 12-month price target for GPOR, averaging $145.67, with a high of $160.00 and a low of $133.00. The average price target has increased by 4.42% over the past month.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 4:00 pm

BR

Evercore ISI Group analyst David Togut has maintained an Outperform rating on Broadridge Financial Solutions (NYSE:BR) and increased the price target from $226 to $230.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 4:00 pm

GLD

SPY

TLT

The service sector's activity in November surpassed expectations with the ISM Services PMI rising to 52.7, indicating slight growth. However, job openings fell sharply to 8.733 million in October, the lowest since early 2021, signaling a potential cooling in the labor market. Market reactions included a dip in the U.S. dollar, a rally in long-term Treasury bonds as seen in TLT's 1.5% gain, a surge and then pullback in gold prices affecting GLD, and a marginal increase in stocks with SPY rising by 0.1%.

Portfolio Pulse from Piero Cingari

December 05, 2023 | 3:47 pm

LE

Lands' End Inc (NASDAQ:LE) reported a Q3 FY23 sales decline of 12.5% Y/Y to $324.74 million, missing estimates. Global eCommerce revenue fell 13.2% Y/Y. Adjusted EPS loss was $(0.11), beating consensus. Gross margin expanded to 47%, and gross profit rose 2.8% Y/Y. Operating loss was $(101.31) million, compared to income last year. Cash stood at $38.65 million, with a 25.3% inventory reduction. Adjusted EBITDA increased slightly. LE repurchased $3 million in stock, with $31.8 million left in the program. Q4 and FY23 outlooks were provided, with shares trading up 10.98%.

Portfolio Pulse from Akanksha Bakshi

December 05, 2023 | 3:45 pm

ACB

TLRY

Tilray Brands CEO Irwin Simon visited Israel to meet business partners and traveled to Germany in anticipation of cannabis legalization. Tilray (NASDAQ:TLRY) is well-positioned to benefit from potential German legalization, with its European headquarters in Germany. Aurora Cannabis (NASDAQ:ACB) is also among the companies likely to benefit. Despite a delay in the German legalization vote, Tilray shares rose 8.42% and an additional 0.24% after hours on Monday.

Portfolio Pulse from Nina Zdinjak

December 05, 2023 | 3:43 pm