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The U.S. Securities and Exchange Commission (SEC) has accepted applications for spot bitcoin exchange-traded funds (ETFs) from six firms including BlackRock, Bitwise, VanEck, WisdomTree, Fidelity, and Invesco. The SEC has previously rejected similar applications due to concerns over anti-fraud and investor protection standards. Nasdaq, where BlackRock proposed to list its ETF, plans to address these concerns by working with Coinbase to police trading in the underlying bitcoin market.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:06 pm

HAL

Halliburton expects to generate free cash flow for FY23 that is 30%-40% higher than last year, according to Reuters.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:04 pm

JOBY

JP Morgan has downgraded Joby Aviation's stock from Neutral to Underweight, despite raising its price target from $5 to $6. This has resulted in Joby Aviation shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 2:02 pm

PUMP

ProPetro Holding (NYSE:PUMP) has received mixed analyst ratings in the last quarter, with 1 bullish, 1 somewhat bullish, and 2 indifferent ratings. The average price target is $11.75, indicating potential upside from the current price of $9.96. However, this average has decreased by 6.0% from the previous target of $12.50.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 2:01 pm

STX

Analysts have provided various ratings for Seagate Tech Hldgs (NASDAQ:STX) in the last quarter, with 6 bullish, 3 somewhat bullish, 3 indifferent, and 2 somewhat bearish. The average 12-month price target for STX is $61.21, a decrease of 6.93% from the previous average of $65.77.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 2:01 pm

QRVO

In the last quarter, 7 analysts have provided ratings for Qorvo (NASDAQ:QRVO), with 1 being bullish and 6 indifferent. The average 12-month price target for the company is $107.57, a decrease of 3.61% from the previous average of $111.60.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 2:01 pm

SNX

TD Synnex (NYSE:SNX) has received various analyst ratings in the last quarter, with 4 bullish, 1 somewhat bullish, and 5 indifferent. The average price target is $106.9, compared to its current price of $99.505, implying an upside. However, this represents a 7.67% decrease from the previous average price target of $115.78.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 2:01 pm

CDNS

Cadence Design Sys's (NYSE:CDNS) short percent of float has fallen 52.34% since its last report, indicating a decrease in bearish sentiment towards the stock. The company has 2.08 million shares sold short, which is 1.02% of all regular shares available for trading. Compared to its peers, Cadence Design Sys has less short interest as a percentage of float, which is 3.41% on average.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 2:00 pm

PM

Philip Morris Intl's (NYSE:PM) short percent of float has risen 21.21% since its last report, with 6.24 million shares sold short, which is 0.4% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Philip Morris has less short interest as a percentage of float, which is 1.73% on average.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 2:00 pm

MPWR

Monolithic Power Systems's (NYSE:MPWR) short percent of float has fallen 8.61% since its last report, with 2.07 million shares sold short, which is 5.84% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, compared to its peers, Monolithic Power Systems has a higher short interest as a percentage of float (4.60%).

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 2:00 pm