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FIVN

Traders are circulating an unconfirmed Seeking Alpha post indicating that Zoom Video Communications is not interested in acquiring Five9. The post suggests that Zoom expressed this sentiment during a bus tour on Tuesday, stating a preference to build independently rather than pursue an acquisition of Five9.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:49 pm

XPO

XPO Logistics shares are trading higher following the release of positive preliminary operating metrics for its Less-Than-Truckload (LTL) segment for November 2023.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:47 pm

FLOT

The U.S. repo market is experiencing stress with surging short-term interest rates, reminiscent of the 2019 funding crisis. Repo rates have spiked, with overnight general collateral repo yields exceeding 5.5%. The iShares $ Floating Rate Bond UCITS ETF (FLOT) saw a slight increase in early trade on Tuesday. Analysts are drawing parallels to the 2019 crisis, but banks are considered better prepared now, having passed Fed stress tests with substantial reserves.

Portfolio Pulse from Neil Dennis

December 05, 2023 | 5:47 pm

TRV

Travelers Companies (NYSE:TRV) has seen a 6.5% increase in short interest since its last report, with 2.98 million shares sold short, representing 1.31% of its float. It would take about 2.37 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, TRV has less short interest compared to its peer group average of 1.76%. Short interest can also be a bullish indicator, as explained in a Benzinga Money post.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 5:45 pm

VLO

Valero Energy (NYSE:VLO) has seen a decrease in short interest, with the short percent of float falling 4.91% since the last report. The company has 10.94 million shares sold short, representing 3.68% of available shares for trading. The current short interest is below the peer group average of 8.28%. A decrease in short interest can indicate a more bullish sentiment towards the stock, but it does not necessarily predict a near-term price rise.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 5:45 pm

Kroger's (NYSE:KR) short interest has increased by 18.15% since the last report, with 23.45 million shares sold short, representing 3.71% of available shares. It would take about 6.4 days to cover these short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Kroger has less short interest compared to its peer group average of 4.88%.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 5:45 pm

DAKT

Daktronics, Inc. (DAKT) reported disappointing Q2 financial results, leading to a decline in its stock price.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:44 pm

ATUS

CHTR

CMCSA

Cable and telecom stocks are trading lower due to concerns about Charter's short-term challenges in internet customer growth, which has negatively impacted investor sentiment in the sector.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:44 pm

CCG

FGFPP

HALL

HRTG

HUIZ

KINS

LMND

LNC

OXBR

RELI

ROOT

TRUP

In Tuesday's intraday session, insurance stocks saw significant movement. Gainers included Oxbridge Re Holdings (OXBR), FG Finl Gr (FGFPP), Reliance Global Group (RELI), Root (ROOT), Cheche Group (CCG), and Hallmark Financial Servs (HALL), with increases ranging from 4.63% to 11.32%. Losers were Lemonade (LMND), Trupanion (TRUP), Lincoln National (LNC), Heritage Insurance Hldgs (HRTG), Kingstone Companies (KINS), and Huize Holding (HUIZ), with decreases ranging from 3.26% to 9.63%. All mentioned stocks had a trading volume of 0% of their average full-day volume over the last 100 days as of 12:40 EST.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 5:40 pm

GME

GameStop Corp (NYSE:GME) is expected to report Q3 financial results after market close on Dec. 6. Analysts predict revenue of $1.18 billion and a loss of 8 cents per share, an improvement from last year's loss of 31 cents per share. The company has surpassed revenue estimates in two of the past five quarters and earnings estimates in three of the past five quarters. Key items include the trend of improving losses and whether the company will hold a conference call. The release of the 'Dumb Money' movie may have increased interest in GameStop, potentially impacting Q3 results. Shares of GameStop traded higher last week with increased volume, and a positive report could lead to a further rise in stock price.

Portfolio Pulse from Chris Katje

December 05, 2023 | 5:37 pm