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BTOC

Trading for the IPO security BTOC was halted but has now resumed as of 10:35 AM ET.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:35 pm

AAL

DAL

LUV

SPY

UAL

U.S. airlines are anticipating a record summer travel season in 2024, with passenger numbers expected to rise by 6.3% compared to 2023, according to a trade group report cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:31 pm

TGTX

TG Therapeutics (NYSE:TGTX) has seen a decrease in short interest, now at 25.55% of float, lower by 6.31% since the last report. With 35.71 million shares sold short, it would take about 14.46 days to cover all short positions. This change in short interest could indicate shifting market sentiment towards TGTX, potentially signaling a more bullish outlook among investors. TGTX's short interest is higher than its peer group average of 15.71%.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 2:30 pm

SOUN

SoundHound AI (NYSE:SOUN) has seen a decrease in short interest, now at 19.32% of its float, which is higher than its peer group average of 8.75%. The reduction in short interest, from 55.09 million shares, suggests a potential shift in market sentiment towards the company, possibly indicating a more bullish outlook among investors.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 2:30 pm

REGN

Regeneron Pharmaceuticals (NASDAQ:REGN) has delivered an average annual return of 12.78% over the past 10 years, outperforming the market by 2.01% on an annualized basis. A $1000 investment in REGN stock a decade ago would be worth $3,226.98 today. The company currently boasts a market capitalization of $107.43 billion.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 2:30 pm

APH

Amphenol (NYSE:APH) has significantly outperformed the market with an annualized return of 23.25% over the past 5 years, turning a $1000 investment into $2,784.98 today. The company's market capitalization stands at $76.09 billion.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 2:30 pm

EL

Estee Lauder Cos's (NYSE:EL) short interest has decreased by 12.39% since the last report, with 4.60 million shares sold short, representing 1.98% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 6.78%. The decrease in short interest indicates fewer traders are betting against the stock, which could be a positive sign for its short-term price movement.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 2:30 pm

PBR

Petrobras (PBR) stock is down following the release of its first-quarter FY24 financial results, showing a decline in sales, net revenue, and adjusted EBITDA. The company reported lower sales volumes and prices for oil and oil products, particularly diesel, in both domestic and foreign markets. Despite an increase in oil and natural gas production, earnings per ADS missed consensus estimates, and capital expenditure decreased.

Portfolio Pulse from Lekha Gupta

May 14, 2024 | 2:25 pm

AMC

GME

Former SEC Chair Jay Clayton expressed concerns about the recent surge in GameStop (GME) and AMC Entertainment (AMC) stock prices, likening it to gambling rather than investing. The stocks soared nearly 80% on Tuesday, with Clayton questioning the role of social media in investment decisions. The meme stock phenomenon's resurgence has sparked debate over its sustainability and potential risks, despite some analysts, like Jim Cramer, predicting continued strong performance.

Portfolio Pulse from Pooja Rajkumari

May 14, 2024 | 2:20 pm

SPY

Fed Chair Powell indicated that maintaining the current policy rate for an extended period is under consideration, acknowledging the rate's restrictive nature. He expressed uncertainty about whether the current policy is sufficiently restrictive and deemed a rate hike in the near future as unlikely.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:19 pm