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MCHP

Microchip Technology's (NYSE:MCHP) short percent of float has risen 5.24% since its last report, with 19.70 million shares sold short, which is 4.22% of all regular shares available for trading. It would take traders 4.23 days to cover their short positions on average. The company's short interest is less than its peer group average of 4.67%.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:30 pm

SYK

Stryker's (NYSE:SYK) short percent of float has risen 21.84% since its last report, with 3.76 million shares sold short, which is 1.06% of all regular shares available for trading. It would take traders 2.75 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Stryker's peer group average for short interest as a percentage of float is 3.34%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:30 pm

XEL

Xcel Energy's (NYSE:XEL) short percent of float has fallen 20.18% since its last report, with 4.79 million shares sold short, which is 0.87% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Xcel Energy. Compared to its peers, Xcel Energy has less short interest as a percentage of float, with an average of 2.26%.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:30 pm

UNH

UnitedHealth Group (UNH) reported Q2 profits of $5.5 billion, up 8% Y/Y, leading Oppenheimer analyst Michael Wiederhorn to reiterate an Outperform rating with a price target of $610. Despite rising costs, UNH's health insurance plans and Optum medical provider businesses grew by double-digit percentages. The company also raised the lower end of its FY2023 guidance range. Post-Q2, Wiederhorn adjusted FY2023/2024/2025 EPS estimates slightly.

Portfolio Pulse from Nabaparna Bhattacharya

July 17, 2023 | 7:25 pm

ALB

A significant amount of unusual options activity has been observed for Albemarle (NYSE:ALB), with a bearish stance being taken by a majority of investors. Of the 10 strange trades detected, 70% were bearish and 30% bullish. The total amount for the 2 puts was $225,970 and for the 8 calls was $689,002. Whales have been targeting a price range from $135.0 to $390.0 for Albemarle over the last 3 months. Morgan Stanley has downgraded its action to Underweight with a price target of $155, while Keybanc maintains their Overweight rating with a price target of $291.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:17 pm

DAL

A large investor has taken a bullish stance on Delta Air Lines (NYSE:DAL), with 19 uncommon options trades spotted. The sentiment of these trades is split between 52% bullish and 47% bearish. Whales have been targeting a price range from $32.0 to $52.5 for Delta Air Lines over the last 3 months. Several financial institutions have maintained their positive ratings on Delta Air Lines, with price targets ranging from $48 to $77.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:17 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) is planning to double the size of its Berlin factory, aiming to produce up to one million electric vehicles annually. The company has applied to increase its production capacity at the existing factory in Brandenburg, including battery production. The expansion plan has received preliminary approval, with full approval pending the completion of an environmental impact study. Tesla's shares are up 168% so far this year. The company is due to report its quarterly financial results on July 19.

Portfolio Pulse from Piero Cingari

July 17, 2023 | 7:13 pm

TCNNF

The Florida legislature and Governor Ron DeSantis estimate that legalizing cannabis could generate between $195.6 million and $431.3 million in annual sales tax revenue. A legalization initiative is expected to go to the voters in 2024. The legalization movement received significant financial support from Florida-based Trulieve Cannabis Corp. (OTCQX: TCNNF), which has contributed at least $39 million to the Smart & Safe Florida campaign.

Portfolio Pulse from Maureen Meehan

July 17, 2023 | 7:09 pm

BBIO

GNTY

GP

JZXN

NOVN

PMN

VRAY

U.S. stocks traded higher with the Dow Jones gaining 0.25%. Guaranty Bancshares (GNTY) reported better-than-expected Q2 results. ProMIS Neurosciences (PMN), BridgeBio Pharma (BBIO), and GreenPower Motor Company (GP) saw their shares rise after positive news. Novan (NOVN), ViewRay (VRAY), and Jiuzi Holdings (JZXN) shares fell due to various reasons. Oil traded down 1.8% to $74.08.

Portfolio Pulse from Lisa Levin

July 17, 2023 | 7:05 pm

JNJ

A significant investor has taken a bearish stance on Johnson & Johnson (NYSE:JNJ), with 90% of recent trades being bearish. The trades range from $105.0 to $175.0. The price of JNJ is currently down -0.39% at $159.24. Cantor Fitzgerald has downgraded its action to Overweight with a price target of $215, while Morgan Stanley maintains an Equal-Weight rating with a price target of $187.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:01 pm