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KNX

Susquehanna analyst Bascome Majors has reiterated a Neutral rating on Knight-Swift Transportation Holdings Inc. (NYSE:KNX), lowering the price target to $51 from $53. This follows the company's worse-than-expected Q2 2023 earnings results and a cut in 2023 guidance. The company's revenues of $1.55 billion, down 20.8% Y/Y, missed the consensus of $1.60 billion. The analyst warns that KNX will face challenges in the truckload market.

Portfolio Pulse from Nabaparna Bhattacharya

July 21, 2023 | 6:41 pm

MSOS

The Senate Banking, Housing & Urban Affairs Committee has delayed a vote on cannabis banking reform until after the August recess. This news led to a 5% drop in the cannabis sector, with the MSOS ETF (NYSE:MSOS) finishing 1.6% lower. The delay is seen as a blow to the cannabis industry, particularly for all-cash businesses and investors.

Portfolio Pulse from Todd Harrison

July 21, 2023 | 6:37 pm

MERC

Mercer International Inc. (NASDAQ:MERC) has announced a temporary halt in operations at its Celgar pulp mill in Castlegar, BC, from July 29, 2023, to August 28, 2023. The curtailment is due to a significant loss of rail transport capacity resulting from the Vancouver port job action, which has led to a complete halt in railcar circulation, severely impacting the mill's ability to transport pulp.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 6:31 pm

LEN

Lennar's (NYSE:LEN) short percent of float has fallen 11.78% since its last report, with 5.64 million shares sold short, which is 2.92% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Lennar has less short interest as a percentage of float, with an average of 5.77%.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:30 pm

BCS

Barclays's (NYSE:BCS) short percent of float has risen 8.33% since its last report, with 4.96 million shares sold short, representing 0.13% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards Barclays. However, compared to its peers, Barclays has less short interest as a percentage of float, with an average of 1.01%.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:30 pm

BA

Boeing's (NYSE:BA) short percent of float has fallen 7.64% since its last report, with 7.99 million shares sold short, which is 1.33% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Boeing. Compared to its peers, Boeing has less short interest as a percentage of float, with an average of 3.49%.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:30 pm

PFE

Pfizer's North Carolina plant has been severely damaged by a tornado, according to the company's CEO. The warehouse was almost completely destroyed and it will take weeks to restore power to the plant.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 6:29 pm

RCL

Shares of Royal Caribbean Gr Inc. (NYSE:RCL) have increased by 70.04% over the past three months. The company's total debt stands at $21.46 billion, with net debt at $20.23 billion after adjusting for $1.23 billion in cash-equivalents. The company's debt-ratio is 0.65, indicating a significant portion of its assets are funded by debt. While debt can help a company grow, it also increases the risk of defaulting on loans and can negatively impact cash-flow due to interest-payment obligations.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:15 pm

MA

A significant investor has taken a bearish stance on Mastercard (NYSE:MA), with 61% of recent trades being bearish. The targeted price range for Mastercard over the last 3 months is $335.0 to $420.0. The current price of MA is $400.91, up 0.72%. Goldman Sachs maintains a Buy rating on Mastercard with a price target of $452, while Baird, Morgan Stanley, and Susquehanna have downgraded their actions with price targets of $435, $440, and $433 respectively.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:03 pm

ALE

In the last quarter, ALLETE (NYSE:ALE) has received two indifferent, one somewhat bearish, and one bearish analyst rating. Four analysts have offered 12-month price targets for ALLETE, with an average price target of $56.0, a decrease of 9.31% from the previous average price target of $61.75.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:00 pm