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TXRH

Piper Sandler analyst Brian Mullan downgraded Texas Roadhouse Inc (NASDAQ:TXRH) to Neutral from Overweight after the stock achieved the $110 price target. The downgrade reflects a balanced risk-reward following TXRH's strong performance since mid-October. The analyst remains cautious about the Full Service restaurant sector for 2024 due to industry challenges. TXRH's Q3 EPS missed estimates, but sales slightly beat forecasts. Shares are currently trading up at $114.13.

Portfolio Pulse from Lekha Gupta

December 01, 2023 | 7:51 pm

FLOT

Bill Gross, known as the 'Bond King', has potentially earned millions from the November rally in the U.S. Treasury market by purchasing SOFR futures in October. Gross, who co-founded PIMCO and managed its Total Return Fund, predicted a market turnaround when Treasury yields were at 16-year highs. He bought 3,000 SOFR three-month March 2025 contracts, which may have netted him $4 million. The iShares $ Floating Rate Bond UCITS ETF (FLOT) gained 0.4% in November. Gross's bet was based on the expectation that the Federal Reserve had ended its rate hike cycle, with yields starting to fall.

Portfolio Pulse from Neil Dennis

December 01, 2023 | 7:48 pm

CC

Chemours shares have risen following an upgrade by RBC Capital from Sector Perform to Outperform, with a price target increase from $28 to $40.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:48 pm

FL

Foot Locker shares are experiencing an uptrend following the company's announcement on Wednesday of Q3 financial results that surpassed expectations, along with updated guidance.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:46 pm

HLN

Haleon (NYSE:HLN) has seen a decrease in short interest, with the short percent of float dropping by 4.35% since the last report. The company has 20.33 million shares sold short, which is 0.44% of all shares available for trading. The current short interest represents a 3.96-day average volume to cover. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average short interest of 7.57%.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 7:45 pm

INFY

Infosys (NYSE:INFY) has seen a 14.43% decrease in short interest since its last report, with 34.44 million shares sold short, representing 0.83% of available shares. The average time to cover these short positions is 5.57 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Infosys has a lower short interest compared to its peer group average of 2.33%.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 7:45 pm

ING

ING Groep's (NYSE:ING) short interest has increased by 22.22% since the last report, with 3.96 million shares sold short, representing 0.11% of available shares. It would take about 1 day to cover all short positions. The rise in short interest can indicate bearish market sentiment, but ING has less short interest compared to its peers, with an average of 0.88% in the peer group. This change in short interest does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 7:45 pm

MRNA

JP Morgan analyst Jessica Fye has maintained a Neutral rating on Moderna (NASDAQ:MRNA) but has reduced the price target from $93 to $90.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:41 pm

KR

JP Morgan analyst Ken Goldman has maintained an Overweight rating on Kroger (NYSE:KR) but has reduced the price target from $54 to $53.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 7:38 pm

DELL

GLD

MRVL

PFE

SOFI

TSLA

U.S. stocks, gold, and bonds rallied while the dollar tumbled as traders anticipate Federal Reserve rate cuts in 2024. The S&P 500, Dow Jones, and Nasdaq indices marked their fifth consecutive week of gains. The ISM manufacturing activity indicated a slowdown, leading to a drop in Treasury yields. The SPDR Gold Trust (GLD) surged as gold prices neared all-time highs. Sector ETFs, especially real estate and materials, saw gains, while technology lagged. Stocks like Dell (DELL) and Marvell Technology (MRVL) fell post-earnings, while Pfizer (PFE) dropped due to halted drug trials. SoFi Technologies (SOFI) rallied after Cathie Wood's investment. Tesla (TSLA) saw a decline after the Cybertruck event. Oil tracked by USO fell slightly, and European markets ended positively. Cryptocurrencies Bitcoin and Ethereum rose.

Portfolio Pulse from Piero Cingari

December 01, 2023 | 7:36 pm