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EQH

Equitable Holdings shares are trading higher following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:16 pm

GDX

GOLD

SGDM

Barrick Gold Corp (NYSE:GOLD) reported a slight increase in FY24 Q1 revenue to $2.747 billion, in line with consensus, despite a production miss. Gold production decreased by 1% Y/Y, and sales by 5% Y/Y, but the average realized gold price rose by 9% Y/Y. Copper production was flat, while its price declined by 8% Y/Y. Adjusted EPS was $0.19, beating the consensus of $0.15. The company maintains its FY24 outlook, expecting gold production to increase with key projects and has declared a $0.10 dividend per share. Investors can also gain exposure through SGDM and GDX ETFs.

Portfolio Pulse from Lekha Gupta

May 01, 2024 | 2:16 pm

WLK

Westlake's shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:16 pm

PTC

PTC Inc. (NYSE:PTC) has seen a 32.91% increase in short interest, now at 2.22 million shares or 2.1% of its float, indicating a bearish market sentiment. Despite this, PTC has less short interest compared to its peers' average of 4.45%, suggesting a relatively stronger position. The rise in short interest highlights increased bearishness but doesn't necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 2:15 pm

HUM

Humana's (NYSE:HUM) short interest has decreased by 4.69%, now standing at 2.45 million shares or 2.03% of its float. This decline suggests a more bullish sentiment among investors compared to its peers, with an average short interest of 4.02%. The coverage time for short positions is approximately 1.9 days.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 2:15 pm

BRO

Brown & Brown's (NYSE:BRO) short interest has increased by 13.68% since the last report, with 2.59 million shares sold short, representing 1.08% of its float. It would take about 2.72 days to cover all short positions. This rise in short interest could indicate a bearish market sentiment towards BRO, although it has less short interest compared to its peer group average of 3.07%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on its decline.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 2:15 pm

CHK

Mizuho analyst Nitin Kumar maintains a Buy rating on Chesapeake Energy (NASDAQ:CHK) and raises the price target from $100 to $101.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:13 pm

SYK

Stryker's shares are trading lower despite the company reporting better-than-expected earnings for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:13 pm

EL

ELF

e.l.f. Beauty shares are trading lower due to weak guidance issued by Estee Lauder, indicating a potential industry-wide impact on beauty and cosmetic stocks.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:12 pm

AMZN

CVS

SMH

SPY

CVS shares plummeted 18% due to an earnings miss, semiconductor stocks dropped after multiple earnings reports in the sector, while Amazon's stock rose. The market is now awaiting the Federal Reserve's decision.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:11 pm