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XPO

Freight transportation services provider XPO Inc has expanded its Norcross, Georgia service center to increase capacity in metro Atlanta. This move aligns with the company's plan to grow capacity in its North American network with 900 net new doors nationally by Q1 2024. The expansion adds 46 doors in the Georgia market, allowing XPO to handle more freight and provide better customer service. XPO shares are trading higher by 0.83% at $59.64.

Portfolio Pulse from Shivani Kumaresan

July 13, 2023 | 2:50 pm

MLKN

MilleKnoll reported better-than-expected Q4 financial results and issued guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 2:49 pm

ARLP

CVE

DINO

ET

PBF

The article provides an overview of value stocks in the energy sector, highlighting five companies: Alliance Res Partners (ARLP), Cenovus Energy (CVE), Energy Transfer (ET), PBF Energy (PBF), and HF Sinclair (DINO). All companies have seen changes in their earnings per share and dividend yields in the recent quarter.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 2:48 pm

GS

Goldman Sachs Gr's (NYSE:GS) short percent of float has fallen 19.09% since its last report, with 2.96 million shares sold short, which is 0.89% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Goldman Sachs has less short interest.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 2:46 pm

TRV

Travelers Companies's (NYSE:TRV) short percent of float has risen 19.13% since its last report, with 3.16 million shares sold short, which is 1.37% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Travelers Companies has less short interest as a percentage of float, which is 2.85% on average.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 2:46 pm

MS

Morgan Stanley's (NYSE:MS) short percent of float has fallen 7.14% since its last report, with 20.14 million shares sold short, which is 1.56% 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, Morgan Stanley has less short interest, with an average of 3.79% for its peer group.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 2:46 pm

FREY

Trading of FREYR Battery shares has been halted due to pending news.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 2:44 pm

PLUG

Evercore has reportedly issued a note stating that Plug Power has secured an order marking the largest announced project in the oil and gas sector in Europe. Evercore maintains an 'Outperform' rating on Plug Power and a price target of $37.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 2:43 pm

DDD

DM

NNDM

SSYS

Stratasys Ltd. (SSYS) shares are trading higher by over 12% after receiving an enhanced proposal from 3D Systems Corp (DDD). The revised offer is 15% better than the previous one, representing a value per Stratasys share of $24.07. The offer implies a total value of about $2 billion, including cost synergies of $100 million. This would result in SSYS shareholders owning ~44% of the combined company and receiving around $540 million in cash. DDD has delivered a signed merger agreement in escrow to SSYS and commits to paying the termination fees to Desktop Metal, Inc (DM).

Portfolio Pulse from Lekha Gupta

July 13, 2023 | 2:43 pm

ATAT

GHG

HLT

HTHT

GreenTree Hospitality Group Ltd. (NYSE:GHG) reported a 17% increase in revenue from its organic hotel business in Q1, with its revpar rising by 25%. The company also completed the acquisition of two restaurant chains, which are expected to contribute significantly to its revenue. The company's shares rose by 3.6% following the announcement and have increased by nearly 60% this year. GreenTree's revenue and profit are expected to rise by about 67% this year, compared to 58% growth forecast for Atour (NASDAQ:ATAT), 43% for H World Group (NASDAQ:HTHT) and 13% for Hilton Worldwide (NYSE:HLT).

Portfolio Pulse from The Bamboo Works

July 13, 2023 | 2:39 pm