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GCT

Culper Research has announced a short position on GigaCloud Technology Inc, stating that they believe the company's business is significantly smaller than claimed. This is reminiscent of the 'China Hustle' era of the early 2010s.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:55 pm

F

GM

SPY

STLA

Federal Reserve's Goolsbee has stated that the duration of the auto strike will significantly impact the GDP. The companies potentially affected include Ford (F), General Motors (GM), and Stellantis (STLA). The overall market, represented by SPY, may also be influenced.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:48 pm

CMG

Chipotle Mexican Grill's (NYSE:CMG) short percent of float has risen 10.7% since its last report, with 652 thousand shares sold short, which is 2.38% 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, Chipotle has less short interest as a percentage of float, with an average of 9.12%.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 1:45 pm

MDT

Medtronic's (NYSE:MDT) short percent of float has risen 11.76% since its last report, with 7.59 million shares sold short, which is 0.57% 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, Medtronic has less short interest as a percentage of float, which is 2.99% on average.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 1:45 pm

IBM

IBM's short percent of float has risen 4.62% since its last report, with 28.89 million shares sold short, which is 3.17% of all regular shares available for trading. This indicates that more traders are betting on the stock's price to fall. However, an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 1:45 pm

SPY

Federal Reserve's Goolsbee has expressed that inflation targets could potentially give a false sense of precision around a variable that is considered 'noisy'. This statement could impact the market's perception of the Federal Reserve's approach to inflation.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 1:43 pm

BABA

BIDU

BYDDF

CTRYF

EGRNF

China's property market turmoil continues to impact the stock market, with Country Garden Holdings and China Evergrande Group seeing declines. However, Sunac China Holdings managed to restructure its debt and saw a 1% increase. The Chinese government is planning to attract more investors by raising the foreign ownership cap on stocks and encouraging domestic travel to boost the economy. Despite the property market issues, investment managers are attracted to deep discounts in the consumer and tech sector in China, with stocks such as Alibaba, Baidu, and BYD Company Limited gaining attention.

Portfolio Pulse from Daniel Harrison

September 28, 2023 | 1:40 pm

WDAY

Workday Inc's shares are trading lower after the company lowered its longer-term annual subscription growth guidance. This led to several analysts cutting their price targets on the stock. The company's annual subscription revenue growth target was lowered from more than 20% to a range of 17% to 19%.

Portfolio Pulse from Adam Eckert

September 28, 2023 | 1:38 pm

MU

Micron Technology Inc's shares are trading lower following the company's Q4 financial results. Despite beating revenue and EPS estimates, the company's weak earnings outlook for the fiscal first quarter seems to be negatively impacting the stock. Analysts from Citigroup, Baird, and Rosenblatt have reiterated their ratings, with price targets ranging from $65 to $100.

Portfolio Pulse from Adam Eckert

September 28, 2023 | 1:28 pm

MRMD

MariMed's CEO, Jon Levine, discussed the evolving Illinois cannabis market at the Benzinga Cannabis Capital Conference. He acknowledged increased competition in Illinois but remained confident in MariMed's brand strength and quality. Levine also highlighted the potential impact of rescheduling cannabis, stating it would significantly benefit the industry by reducing taxes and promoting profitability. He encouraged investors to consider MariMed's financials, stating their stock is undervalued compared to competitors.

Portfolio Pulse from Nicolás Jose Rodriguez

September 28, 2023 | 1:23 pm