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MFG

MUFG

SMFG

Shares of Japanese banks are trading higher following recent comments from the Bank of Japan suggesting a possible end to negative rates. This includes MFG, MUFG, and SMFG.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 6:26 pm

STLA

Stellantis shares are experiencing an increase in trading volume due to the ongoing UAW strikes.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 6:23 pm

BCHUSD

BTCUSD

Bitcoin's price has surged by 5% over the past week due to speculations about a potential postponement of Mt. Gox's repayments until 2024. However, QCP Capital expects Bitcoin to fall to $22,000 in October. The exact amount of assets that Mt. Gox plans to distribute remains uncertain, but it is known to possess 142,000 BTC and 143,000 Bitcoin Cash. QCP Capital predicts that this upward trend might be temporary due to global uncertainties.

Portfolio Pulse from Murtuza Merchant

September 19, 2023 | 6:22 pm

BKR

CHK

COP

CTRA

DINO

EOG

FANG

HAL

HES

KMI

MPC

MRO

OKE

OXY

PSX

SLB

VLO

Energy stocks are trading lower as oil prices pull back from recent strength. This impacts a range of energy companies.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 6:21 pm

KNTE

Kinnate Biopharma Inc (NASDAQ:KNTE) has prioritized its exarafenib combination, KIN-8741, and discovery efforts around its CDK4 selective program, while also implementing a corporate restructuring that reduces its workforce by 70%. Piper Sandler downgraded the stock from Overweight to Neutral with a price target of $4, down from $20. Wedbush also downgraded the stock to Neutral and cut the price target from $14 to $2. Despite these setbacks, William Blair maintains an Outperform rating, citing the company's promising platform for small-molecule kinase inhibitors in precision oncology.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 6:20 pm

GMED

Stifel analyst Mathew Blackman has upgraded Globus Medical, Inc. (GMED) to Buy from Hold, lowering the price target to $61 from $65. Despite the pessimistic market sentiment following the NUVA transaction, Blackman believes GMED is a 'best-in-class' Spine company and should get more credit. He also raised the revenue estimate for FY23 and FY24. GMED shares are trading higher by 3.03%.

Portfolio Pulse from Nabaparna Bhattacharya

September 19, 2023 | 6:16 pm

TTE

TotalEnergies's (NYSE:TTE) short percent of float has fallen 7.14% since its last report, indicating a more bullish sentiment towards the stock. The company has 3.13 million shares sold short, which is 0.13% of all regular shares available for trading. Compared to its peers, TotalEnergies has less short interest.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 6:15 pm

ASML

ASML Holding's short percent of float has risen 11.43% since its last report, with 1.55 million shares sold short, which is 0.39% of all regular shares available for trading. It would take traders 1.8 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. ASML Holding's peer group average for short interest as a percentage of float is 6.51%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 6:15 pm

Goldman Sachs Gr's (NYSE:GS) short percent of float has risen 4.21% since its last report, with 3.25 million shares sold short. This represents 0.99% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Goldman Sachs Gr's short interest is less than its peer group average of 3.66%.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 6:15 pm

CORN

SOYB

SPY

VGK

WEAT

Ukrainian President Zelenskiy has accused Russia of attempting to weaponize the global food shortage in exchange for recognition of the Ukrainian territory it has captured. This could potentially impact global food prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 6:11 pm