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SPY

UNG

The USA Natural Gas Storage reported a 72B figure, which is higher than the estimated 64B and the prior figure of 76B.

Portfolio Pulse from Happy Mohamed

July 07, 2023 | 2:30 pm

AMZN

Amazon's stock recently recovered from a significant single day drop of over 200 points. Despite a turbulent period, Amazon's year-to-date performance remains impressive, with its stock up by 50%. Investors are eagerly anticipating Prime Day, hoping the event's success will give Amazon the boost it needs to recover from its recent slump and continue its upward trajectory.

Portfolio Pulse from Zaheer Anwari

July 07, 2023 | 2:28 pm

HBM

Hudbay Minerals' stock has been upgraded from Equal-Weight to Overweight by Barclays, leading to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 2:28 pm

SPY

President Biden has stated that the recent U.S. jobs report demonstrates 'Bidenomics in action', indicating continued economic growth. The SPY ETF, which tracks the S&P 500, may be impacted by this news.

Portfolio Pulse from Happy Mohamed

July 07, 2023 | 2:24 pm

EIX

Edison Intl's (NYSE:EIX) short percent of float has fallen 5.21% since its last report, with 7.22 million shares sold short, which is 2.73% 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, Edison Intl has a higher short interest as a percentage of float (2.17%).

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 2:16 pm

EFX

Equifax's (NYSE:EFX) short percent of float has risen 5.7% since its last report, with 4.82 million shares sold short, which is 4.45% of all regular shares available for trading. It would take traders 6.58 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Equifax's peer group average for short interest as a percentage of float is 3.87%, indicating the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 2:16 pm

ED

Consolidated Edison's (NYSE:ED) short percent of float has fallen 10.39% since its last report, with 7.10 million shares sold short, which is 2.76% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, compared to its peers, Consolidated Edison has a higher short interest as a percentage of float (1.78%).

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 2:16 pm

BABA

Several US stocks recorded gains on Friday, with Castle Biosciences, CareDx, TMC the metals company, Paramount Group, Iris Energy, Rivian Automotive, Eos Energy Enterprises, Riot Platforms, COMPASS Pathways, TG Therapeutics, Cipher Mining, Kura Sushi USA, Maxeon Solar Technologies, Rackspace Technology, Clear Channel Outdoor Holdings, SoundHound AI, WW International, Nikola Corporation, and Alibaba Group Holding Limited all seeing increases. Alibaba's rise comes after China ended its regulatory overhaul on fintech affiliate Ant Group, imposing a penalty of 7.12 billion yuan ($984 million).

Portfolio Pulse from Lisa Levin

July 07, 2023 | 2:16 pm

OWLT

Owlet, Inc. (NYSE:OWLT) has announced a 1-for-14 reverse stock split of its Class A common stock, effective from July 7, 2023. The split-adjusted trading will begin on July 10, 2023. The reverse split is expected to help the company regain compliance with the $1.00 minimum average closing price requirement of the NYSE. The number of issued and outstanding shares will be reduced from approximately 118,078,000 to approximately 8,434,142.

Portfolio Pulse from Happy Mohamed

July 07, 2023 | 2:16 pm

OSTK

Overstock.com has an option alert for January 19 $35 calls sweep near the ask with 758 @ $3.9 versus 15942 open interest. The company is expected to release earnings on July 27 before the market opens. The reference price is $29.1951.

Portfolio Pulse from Charles Gross

July 07, 2023 | 2:14 pm