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RM

Regional Management's shares have dropped following the release of their Q3 financial results. Additionally, Stephens & Co has reduced its price target for the company's stock from $38 to $30.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:51 pm

SPY

TLT

The October jobs market report is expected to show a decrease in non-farm payroll jobs from 336,000 in September to 180,000 in October, and a decrease in average hourly earnings from 4.2% to 4%. The report could affect traders' expectations on future Fed interest-rate moves. Previous reports have led to positive responses in the stock market and mixed responses in the bond market and U.S. Dollar Index.

Portfolio Pulse from Piero Cingari

November 02, 2023 | 4:50 pm

DINO

HF Sinclair Corp (NYSE:DINO) reported Q3 2023 revenues of $8.91 billion, a 16% Y/Y decline but beating consensus estimates. Adjusted EBITDA fell 20% Y/Y to $1.21 billion, and adjusted EPS of $4.06 beat the consensus of $3.67. The company declared a dividend of $0.45 per share, payable on December 5, 2023. DINO shares are trading higher by 1.18% at $56.43.

Portfolio Pulse from Lekha Gupta

November 02, 2023 | 4:49 pm

JNJ

Johnson & Johnson's (NYSE:JNJ) short percent of float has fallen 12.16% since its last report, with 15.68 million shares sold short, which is 0.65% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Johnson & Johnson has less short interest.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 4:45 pm

KLAC

KLA's (NYSE:KLAC) short percent of float has risen 14.72% since its last report, with 2.54 million shares sold short, which is 1.87% of all regular shares available for trading. It would take traders 2.83 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, KLA's peer group average for short interest as a percentage of float is 6.57%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 4:45 pm

FTNT

Fortinet's (NYSE:FTNT) short percent of float has risen 13.56% since its last report, with 13.23 million shares sold short, which is 2.01% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment towards a stock. However, Fortinet's short interest as a percentage of float is less than its peer group average of 4.85%.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 4:45 pm

ROOT

Root Inc. reported better-than-expected Q3 revenue results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:44 pm

CVNA

Carvana Co. (NYSE:CVNA) shares are trading higher ahead of its Q3 financial results release. The company is expected to report a loss of 80 cents per share and quarterly revenue of $2.782 billion. The stock is experiencing above-average trading volume, with over 6.6 million shares traded. Remarkably, 43.17% of available CVNA shares are being sold short. At the time of publication, Carvana shares are up by 14% at $29.62.

Portfolio Pulse from Erica Kollmann

November 02, 2023 | 4:44 pm

RRGB

Red Robin Gourmet Burgers reported better-than-expected Q3 adjusted EPS results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:43 pm

SCI

Service Corporation International (SCI) shares are trading higher following a Q3 earnings beat.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:43 pm