Streetbeat News

Stock Prices

ING

ING Groep's (NYSE:ING) short interest has increased by 28.57% since the last report, with 3.30 million shares sold short, representing 0.09% of available shares. It would take about 1 day to cover all short positions. While this rise in short interest could indicate bearish sentiment, it is lower than the peer group average of 0.85% short interest as a percentage of float.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 4:45 pm

MU

Micron Technology (NYSE:MU) has seen a decrease in short interest, with the short percent of float dropping 6.77% since the last report. The company has 19.64 million shares sold short, which is 1.79% of available shares, taking traders 1.69 days to cover on average. This decline in short interest may indicate a more bullish sentiment among investors, although it does not necessarily predict a near-term price rise. Micron's short interest is below its peer group average of 3.64%.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 4:45 pm

NSC

Norfolk Southern's (NYSE:NSC) short interest has decreased by 7.09% since the last report, with 2.67 million shares sold short, representing 1.18% of available shares. The average time to cover these short positions is 1.87 days. Short interest is a market sentiment indicator, and a decrease suggests investors may be more bullish on NSC. Compared to its peers, NSC has a higher short interest percentage of float (1.18% vs. peer average of 0.94%).

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 4:45 pm

VKTX

Viking Therapeutics Inc (NASDAQ:VKTX) shares rose after presenting positive Phase 2b study data for VK2809, showing significant liver fat reductions in patients with or without type 2 diabetes and with F2 or F3 fibrosis. The company anticipates further data in the first half of 2024.

Portfolio Pulse from Adam Eckert

November 14, 2023 | 4:42 pm

GLD

HD

QQQ

SLV

SPY

USO

The article suggests investors deploy cash and reduce hedges due to favorable market conditions, including a lower than expected Consumer Price Index (CPI) and year-end market mechanics. The CPI data showed a 0.0% headline CPI versus the 0.1% consensus and a 0.2% core CPI versus the 0.3% consensus. Home Depot (HD) reported earnings slightly better than consensus but expects a decrease in fiscal year earnings and same-store sales. Early trades show positive money flows in major tech stocks and the SPDR S&P 500 ETF Trust (SPY), as well as in the Invesco QQQ Trust Series 1 (QQQ). The article also mentions the performance of gold, silver, and oil ETFs, and provides investment strategy advice for traditional 60/40 portfolios.

Portfolio Pulse from The Arora Report

November 14, 2023 | 4:41 pm

RZLT

JMP Securities analyst Jason Butler has maintained a Market Outperform rating on Rezolute (NASDAQ:RZLT) but has reduced the price target from $8 to $7.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 4:31 pm

AAPL

GOOG

GOOGL

INTC

MSFT

The Bank of America's Global Fund Manager Survey for November indicates a bullish outlook for large-cap tech stocks into 2024, with fund managers increasing their positions in anticipation of a soft economic landing, lower interest rates, and a weaker U.S. dollar. The survey shows a net 38% long on big tech, with significant year-to-date stock price increases for Alphabet Inc. (GOOG/GOOGL), Microsoft Corp (MSFT), Intel (INTC), and Apple Inc. (AAPL). The dollar index's decline and a shift towards U.S. and Japanese equities are also highlighted.

Portfolio Pulse from Neil Dennis

November 14, 2023 | 4:26 pm

SABR

Sabre Corp (NASDAQ:SABR) has signed a multi-year renewal agreement with lastminute.com N.V. to utilize Sabre's advanced shopping and virtual payment solutions. The deal aims to enhance the customer experience for lastminute.com's portfolio of travel brands. Sabre's Chief Commercial Officer, Roshan Mendis, highlighted the potential for increased customer conversion through technology and cloud-native microservices. Sabre recently reported Q3 FY23 earnings with an adjusted EPS of $(0.06) and sales of $740.46 million, surpassing sales estimates. Sabre's stock price has risen by 10.3% to $3.69.

Portfolio Pulse from Lekha Gupta

November 14, 2023 | 4:26 pm

BCDA

HC Wainwright & Co. analyst Joseph Pantginis has reiterated a Buy rating on BioCardia (NASDAQ:BCDA) and maintained a price target of $4. This reaffirmation of the company's stock by a reputable analyst could influence investor sentiment and potentially impact the stock's short-term performance.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 4:22 pm

Z

ZG

Zillow Group's stock is trading higher following the announcement of a mortgage subservicing agreement between PHH Mortgage and Zillow Home Loans.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 4:21 pm