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NTRS

Northern Trust's short interest has increased by 8.76%, with 3.74 million shares sold short, representing 2.11% of its float. This is below the peer group average of 3.66%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:00 pm

MKSI

MKS Instruments (NYSE:MKSI) has seen a decrease in its short percent of float by 18.01%, with 2.44 million shares sold short, representing 4.69% of its float. This is lower than the peer group average of 6.75%, indicating a relatively bullish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:00 pm

ELF

e.l.f. Beauty (NYSE:ELF) has seen a 19.42% increase in its short percent of float, now at 11.44%, indicating a bearish sentiment compared to its peers with an average of 6.33%. This could signal potential volatility in the stock's price.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:00 pm

BK

Analysts have provided mixed ratings for Bank of New York Mellon (NYSE:BK) over the past three months, with a recent increase in average price targets. The bank's financial performance shows growth in revenue but challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:00 pm

OKE

ONEOK (NYSE:OKE) has outperformed the market over the past 20 years with an average annual return of 10.39%, resulting in a $1000 investment growing to $7,279.14. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:00 pm

BRO

Brown & Brown (NYSE:BRO) has significantly outperformed the market over the past 5 years, with an annualized return of 23.16%. A $100 investment in BRO 5 years ago would now be worth $284.17, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 6:00 pm

STZ

Constellation Brands (NYSE:STZ) reported strong Q2 earnings but was downgraded by BofA Securities due to subdued beer volume growth projections. The downgrade reflects slower growth expectations and a lack of clear catalysts for acceleration in beer sales.

Portfolio Pulse from Vandana Singh

October 07, 2024 | 5:56 pm

GSK

PFE

Pfizer won a legal battle in London, invalidating two of GSK's RSV vaccine patents. This victory comes as Pfizer faces reduced demand for COVID-19 vaccines. Activist investor Starboard Value has invested $1 billion in Pfizer. Both companies are competing in the RSV vaccine market, projected to exceed $10 billion by 2030.

Portfolio Pulse from Vandana Singh

October 07, 2024 | 5:56 pm

CIEN

IYZ

XTL

Ciena Corporation (NYSE:CIEN) was downgraded by JP Morgan due to concerns over telco spending and margin pressures. The analyst highlighted limited EPS upside and a muted capex growth outlook for U.S. telcos. Ciena's telecom revenues are below pre-pandemic levels, and the company has authorized a share repurchase program starting in 2025. CIEN shares fell 3.93% following the downgrade.

Portfolio Pulse from Lekha Gupta

October 07, 2024 | 5:52 pm

BABA

MCHI

SPY

TCEHY

Chinese stocks have surged, with the MSCI China Index outperforming the S&P 500 due to policy stimulus. The iShares MSCI China ETF (MCHI) rose over 35% from Sept. 24 to Oct. 7. Major Chinese companies like Alibaba and Tencent saw significant gains. Analysts advise caution, suggesting potential pullbacks but also long-term opportunities in certain sectors.

Portfolio Pulse from Piero Cingari

October 07, 2024 | 5:49 pm