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C3.ai Inc (NYSE:AI) is set to report its Q1 earnings, with analysts expecting revenue of $86.9 million and a loss of 13 cents per share. The company has a history of beating EPS estimates and is diversifying into new AI sectors. Investors will watch for updates on its deal pipeline and federal agreements.

Portfolio Pulse from Chris Katje

September 03, 2024 | 7:29 pm

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The metals and mining sector is experiencing a decline in share prices due to weak market conditions. This is influenced by August's ISM Manufacturing PMI data indicating economic contraction and anticipation of non-farm payrolls data, which could impact future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:23 pm

MKSI

MKS Instruments (NYSE:MKSI) has seen a 14.38% decrease in its short percent of float, now at 5.06%. This is lower than its peers' average of 6.58%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 7:15 pm

POWL

Powell Industries (NYSE:POWL) has seen a 7.46% increase in short interest, with 21.47% of its float sold short. This is significantly higher than its peers' average of 10.53%. The high short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 7:15 pm

Hawaiian Electric Industries (NYSE:HE) has seen a decrease in its short percent of float by 11.71%, with 14.02 million shares sold short, representing 12.74% of its float. This is higher than its peers' average short interest of 2.91%. The decrease in short interest may indicate a shift towards a more bullish sentiment.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 7:15 pm

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The U.S. government announced negotiated prices for ten drugs under Medicare Part D, effective January 1, 2026, aiming to save $6 billion. Despite this, U.S. drug prices remain significantly higher than in other countries. Companies like Bristol Myers Squibb, Eli Lilly, Johnson & Johnson, Merck, AstraZeneca, Novartis, Amgen, and Novo Nordisk are affected.

Portfolio Pulse from Vandana Singh

September 03, 2024 | 7:12 pm

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USLM

Building and construction-related stocks are trading lower due to disappointing July construction spending data and overall market weakness following August's ISM Manufacturing PMI data indicating economic contraction.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:11 pm

BTCUSD

ETHUSD

The cryptocurrency market experienced a downturn as U.S. trading resumed post-Labor Day, with Bitcoin and Ethereum seeing declines. This drop aligns with a broader selloff in traditional markets, influenced by macroeconomic factors like the ISM Manufacturing PMI report. The report suggests potential stagflationary pressures, affecting expectations for the Federal Reserve's monetary policy. The CME Group's FedWatch tool indicates a higher probability of a 50-basis-point rate cut in September. The upcoming August employment report is crucial for determining the Fed's next move.

Portfolio Pulse from Murtuza Merchant

September 03, 2024 | 7:08 pm

AAPL

DELL

SNOW

Tech sector shares are trading lower due to market weakness, influenced by August's ISM Manufacturing PMI data indicating economic contraction.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:06 pm

STLD

Steel Dynamics (NASDAQ:STLD) has received mixed analyst ratings over the past three months, with a recent positive shift in price targets. Analysts have raised their average 12-month price target to $136.6, with a high of $145.00 and a low of $120.00. Despite a recent revenue decline, Steel Dynamics maintains strong financial metrics, including a high net margin and low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 7:00 pm