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RPM

RPM International Inc. is expected to release its Q1 2024 financial results on Oct. 4, 2023. Analysts predict earnings of $1.55 per share, up from $1.47 per share a year ago, and revenue of $1.97 billion, up from $1.89 billion. The company's shares fell 0.7% to close at $94.19 on Monday. Several analysts have recently adjusted their price targets for the company, with most raising their targets.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 1:39 pm

ODD

Truist Securities analyst Youssef Squali has upgraded ODDITY Tech (NASDAQ:ODD) from Hold to Buy, while maintaining the price target at $54.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:38 pm

AMD

MSFT

NVDA

Nvidia Corp's stock is trading higher due to a supply chain crisis affecting the demand-supply dynamics of the AI-driven market. The depreciating yen has caused a surge in Nvidia's semiconductor device prices in Japan, impacting AI developers. Despite the price hike, demand remains strong. Nvidia dominates 80%-90% of the global market for data center GPUs. Microsoft's CTO has acknowledged the improvement in Nvidia's AI GPU supply chain, and Advanced Micro Devices is expected to contribute to the AI sector.

Portfolio Pulse from Anusuya Lahiri

October 03, 2023 | 1:38 pm

IMMX

Shares of Immix Biopharma have been halted on a circuit breaker to the downside, with the stock now down by 4.39%.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 1:36 pm

OSTK

Overstock.com Inc (NASDAQ:OSTK) has appointed Marcus Lemonis, CEO of Camping World and star of CNBC's 'The Profit', to its board as an independent director. Lemonis is expected to bring his experience in leadership, retail, branding, and customer engagement to help Overstock with its transformation of the recently acquired Bed Bath & Beyond brand. Overstock shares were up 2.59% following the announcement.

Portfolio Pulse from Adam Eckert

October 03, 2023 | 1:32 pm

PGR

Progressive's (NYSE:PGR) short percent of float has risen 12.28% since its last report, with 3.74 million shares sold short, which is 0.64% 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, Progressive has less short interest as a percentage of float, which is 1.72% on average.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 1:30 pm

AMD

Advanced Micro Devices's (NYSE:AMD) short percent of float has risen 6.86% since its last report, with 30.06 million shares sold short, which is 1.87% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, AMD's short interest as a percentage of float is less than its peer group average of 3.64%.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 1:30 pm

JPM

JPMorgan Chase's short percent of float has risen 9.38% since its last report, with 20.15 million shares sold short, which is 0.7% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards the stock. However, compared to its peers, JPMorgan Chase has less short interest.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 1:30 pm

BTCUSD

ETHE

Grayscale, the world's leading crypto asset manager, is likely to be approved by the SEC for a Bitcoin ETF. Grayscale is also applying to convert the Grayscale Ethereum Trust (ETHE) to a spot Ethereum ETF. The ETHE trust represents 2.5% of all ETH in circulation and is the largest ETH investment vehicle globally. Shares of ETHE spiked 6.15% following the announcement. Prominent investor Tim Draper commented that the approval of a spot Bitcoin ETF seems to be a matter of time and will encourage more adoption and investments in BTC.

Portfolio Pulse from Justin Roberti

October 03, 2023 | 1:20 pm

AAPL

GOOG

GOOGL

SPOT

Spotify Technology's CEO, Daniel Ek, has voiced concerns over the rapid evolution of artificial intelligence and the dominance of tech giants like Apple Inc. and Alphabet Inc. Ek criticized Apple and Google's control over internet access globally and called for the implementation of the Digital Markets Act (DMA) in the EU and the Open App Markets Act in the US. Spotify's shares are trading lower by 1.02% to $156.50 premarket.

Portfolio Pulse from Nabaparna Bhattacharya

October 03, 2023 | 1:17 pm