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DIA

IWM

QQQ

SPY

Major indexes are experiencing a downturn, potentially due to August's ISM Manufacturing PMI data showing economic contraction and anticipation of non-farm payrolls data, which could influence future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:35 pm

BA

Boeing's stock is declining due to potential labor strikes and a downgrade by Wells Fargo. The IAM contract expiration could lead to a strike, and Wells Fargo downgraded Boeing from Equal-Weight to Underweight, lowering the price target to $119. Boeing shares are down 39.1% year-to-date.

Portfolio Pulse from Erica Kollmann

September 03, 2024 | 7:34 pm

AAPL

TSM

Apple shares are down as the company prepares for its annual iPhone event, where it will launch the iPhone 16 series and discontinue older models. Additionally, Apple's supply chain is impacted by Taiwan Semiconductor Manufacturing Co.'s efforts to localize neon gas production.

Portfolio Pulse from Vaishali Prayag

September 03, 2024 | 7:33 pm

S

SentinelOne's short interest has increased by 7.58%, with 10.38 million shares sold short, representing 3.69% of its float. This is below the peer group average of 4.57%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 7:30 pm

A

Agilent Technologies (NYSE:A) has seen a decrease in short interest, with a 18.84% drop since the last report. Currently, 2.86 million shares are sold short, representing 1.12% of the float. This is lower than the peer group average of 5.52%.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 7:30 pm

NTNX

Nutanix's short interest has increased by 14.13%, with 5.69 million shares sold short, representing 3.07% of its float. This is higher than its peers' average of 2.59%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 7:30 pm

AI

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

AA

CLF

NUE

VALE

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