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JWN

Nordstrom, Inc. (NYSE:JWN) shares are trading higher after the company posted mixed first-quarter financial results. Despite missing earnings estimates, the company beat sales expectations and saw positive sales growth across its banners. Nordstrom reaffirmed its fiscal year 2024 outlook, and multiple analysts updated their coverage on the stock.

Portfolio Pulse from Erica Kollmann

May 31, 2024 | 3:46 pm

WMB

Williams Companies (NYSE:WMB) has seen an 8.16% rise in its short percent of float, now at 2.12% with 23.04 million shares sold short. This indicates increased bearish sentiment, although it has less short interest compared to its peers. It would take traders 3.58 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:45 pm

DHI

D.R. Horton's short interest has risen by 11.45%, with 6.60 million shares sold short, representing 2.53% of its float. This increase in short interest could indicate bearish sentiment among investors. However, D.R. Horton's short interest is still lower than the peer group average of 5.49%.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:45 pm

AMBA

Ambarella, Inc. (NASDAQ:AMBA) shares surged 20% after the company reported better-than-expected first quarter earnings and issued positive guidance for the second quarter of fiscal-year 2025. The company reported a loss of 26 cents per share, beating analyst estimates of a loss of 31 cents per share, and revenue of $54.47 million, surpassing the expected $53.87 million. Ambarella's guidance for the next quarter also exceeded analyst expectations. Following the earnings report, Morgan Stanley raised its price target for Ambarella from $57 to $67, while Roth MKM lowered its price target from $65 to $60.

Portfolio Pulse from Dylan Berman

May 31, 2024 | 3:43 pm

LL

F9 Investments criticizes LL Flooring's leadership and urges shareholders to vote for its three director nominees to restore value. LL Flooring's stock has significantly underperformed under the current board.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 3:38 pm

DASH

FI

FL

GME

NFLX

Benzinga's Stock Whisper Index for the week of May 31 highlights five stocks: DoorDash, Fiserv, Foot Locker, Netflix, and GameStop. These stocks have seen increased investor interest due to various factors such as financial results, partnerships, and new content releases.

Portfolio Pulse from Chris Katje

May 31, 2024 | 3:34 pm

ACIU

AC Immune shares are trading higher after BTIG initiated coverage on the stock with a Buy rating and $8 price target.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 3:32 pm

MARA

RIOT

The Bitcoin mining sector may present a promising investment opportunity despite recent challenges. A report by 10x Research suggests that mining stocks could see a significant upswing, with historical patterns indicating a potential rally by early June. Companies like Marathon Digital Holdings (NASDAQ:MARA) and Riot Platforms (NASDAQ:RIOT) are highlighted as key players, with potential benefits from strategic accumulation and merger activities.

Portfolio Pulse from Murtuza Merchant

May 31, 2024 | 3:31 pm

UAL

United Airlines Holdings (NASDAQ:UAL) has outperformed the market over the past 15 years with an average annual return of 17.5%, resulting in a significant growth in investment value. A $100 investment 15 years ago would be worth $1,036.31 today.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:30 pm

OCGN

Ocugen (NYSE:OCGN) has seen an 8.73% increase in its short percent of float, now at 20.55% of all regular shares available for trading. This indicates a bearish sentiment among investors, as it would take traders 6.46 days to cover their short positions. Ocugen's short interest is higher than its peer group average of 13.38%.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 3:30 pm