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ROST

Ross Stores' stock is trading higher following the announcement of their Q3 financial results and an increase in their full-year 2023 earnings per share (EPS) guidance.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:25 pm

GPS

Gap Inc. shares have risen following the announcement of their third-quarter financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:24 pm

THC

Tenet Healthcare Corp (THC) shares rose after announcing a deal to sell three hospitals and related operations in South Carolina to Novant Health for approximately $2.4 billion in cash. The sale is expected to yield about $1.750 billion in after-tax proceeds, which Tenet plans to use primarily for debt retirement. The included facilities generated revenues of around $552 million in the last 12 months. Tenet will also sign a new 15-year contract with Conifer Health Solutions for revenue cycle management services. The transaction is expected to close in Q1 2024, and Tenet anticipates a pre-tax book gain of about $1.6 billion. THC's Q3 net operating income was $101 million with an adjusted EPS of $1.44, surpassing the consensus of $1.20. THC shares are up 4.92% at $61.00 in premarket trading.

Portfolio Pulse from Lekha Gupta

November 17, 2023 | 1:22 pm

AMAT

Applied Materials (AMAT) stock is trading lower following the release of their Q4 earnings. Additionally, the company is reportedly under a US criminal investigation for potentially circumventing export restrictions to China's SMIC, adding further pressure to the stock.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:19 pm

FOA

Raymond James analyst Stephen Laws has maintained an Outperform rating on Finance of America (NYSE:FOA) but reduced the price target from $2.25 to $2.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:18 pm

MANU

Manchester United shares have risen after reports that Ineos Sports, owned by Jim Ratcliffe, is negotiating to purchase a 25% stake in the club at $33 per share.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:16 pm

PH

Parker Hannifin (NYSE:PH) has seen a decrease in short interest, with the short percent of float falling 7.87% since the last report. The company has 1.05 million shares sold short, which is 0.82% of available shares, with a cover time of 1.53 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average of 3.57% short interest as a percentage of float.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 1:15 pm

AMP

Ameriprise Financial, Inc.'s (NYSE:AMP) short interest has increased by 16.67% since the last report, with 792 thousand shares sold short, representing 0.91% of its float. It would take about 1.23 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a price drop. Compared to its peers, AMP has a lower short interest as a percentage of float, with the peer group average at 3.23%.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 1:15 pm

INTC

Intel Corporation (NYSE:INTC) has seen a 10% decrease in short interest, with 56.84 million shares sold short, representing 1.35% of its float. The average time to cover these short positions is 1.34 days. This decline in short interest may indicate a more bullish sentiment among investors compared to Intel's peers, which have an average short interest of 3.66% of float.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 1:15 pm

WSM

Morgan Stanley analyst Simeon Gutman has maintained an Underweight rating on Williams-Sonoma (NYSE:WSM) but increased the price target from $125 to $155.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:13 pm