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KVUE

Kenvue's (NYSE:KVUE) short interest has significantly decreased by 86.91% since the last report, with 34.60 million shares currently shorted, representing 1.81% of its float. This decrease in short interest, now below the peer group average of 6.21%, could indicate a more bullish market sentiment towards Kenvue.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 3:30 pm

IEP

Icahn Enterprises (NYSE:IEP) has seen a decrease in short interest, now at 5.72 million shares or 9.43% of float, down 5.98% from the last report. This indicates less bearish sentiment among traders, with a current short interest below its peer group average of 16.55%. The reduction in short interest suggests a potentially more bullish outlook for IEP in the short term.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 3:30 pm

TEAM

Atlassian's (NYSE:TEAM) short interest has increased by 23.68% since the last report, with 5.16 million shares sold short, representing 3.29% of its float. It would take about 2.82 days to cover all short positions. This rise in short interest can indicate a bearish market sentiment towards TEAM, although it has less short interest compared to its peers' average of 4.37%. 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

April 24, 2024 | 3:30 pm

AMD

NVDA

TSLA

VRT

Elon Musk's comments on the future of cars and AI have positively influenced the stock market, despite Tesla's worse-than-expected Q1 earnings. Musk's vision for Tesla includes developing low-priced cars, deploying a fleet of 1M robotaxis, and significantly increasing AI training capacity. This has also boosted sentiment for AI-related stocks like NVIDIA, AMD, and others. Additionally, Boeing and Vertiv Holdings reported well-received earnings, and there's strong data on durable orders. Early trade shows positive money flows in several major stocks and ETFs.

Portfolio Pulse from The Arora Report

April 24, 2024 | 3:27 pm

PENN

Traders are closely monitoring PENN Entertainment following unconfirmed rumors that Greenlight has taken a new significant position in the company. The speculation has not been officially confirmed by either party.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:27 pm

EPI

EWZ

FLIN

FXI

INDA

INDY

SMIN

WisdomTree's CIO, Jeremy Schwartz, highlights India as a leading investment destination among emerging markets, driven by its robust population growth and GDP expansion. The WisdomTree India Earnings Fund ETF (EPI) has outperformed other emerging market ETFs, including those tracking Chinese and Brazilian equities. Schwartz attributes this success to India's economic policies and anticipates further growth if Prime Minister Narendra Modi wins the upcoming spring elections and continues his pro-business reforms. Other Indian-equity tracking ETFs also showed positive returns this year.

Portfolio Pulse from Surbhi Jain

April 24, 2024 | 3:22 pm

JBLU

JP Morgan analyst Jamie Baker has maintained a Neutral rating on JetBlue Airways (NASDAQ:JBLU) and lowered the price target from $7 to $6.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:22 pm

SPY

TSLA

Tuesday saw significant gains in the U.S. stock markets, with the Nasdaq and S&P 500 (SPY) rising by 1.5% and 1.2%, respectively. Tesla's upcoming earnings report is highly anticipated, potentially influencing the S&P 500's future direction. Other companies like Spotify, General Electric, and General Motors also reported earnings, with General Motors' stock jumping over 4%. The S&P 500 has shown resilience and growth over the past year, with a 21% increase, indicating a strong market outlook.

Portfolio Pulse from Zaheer Anwari

April 24, 2024 | 3:21 pm

HPQ

Traders are circulating an unconfirmed rumor that Greenlight has taken a very large new position in HP Inc. (HPQ), calling it the future of AI and massively undervalued.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:21 pm

HAS

HLT

RILY

TSLA

VRT

Hilton Worldwide Holdings Inc. reported better-than-expected Q1 financial results, leading to a 5.7% stock increase. Other companies like B. Riley Financial, MMTec, Ribbon Communications, Hasbro, Tesla, Vertiv Holdings, and several more also saw significant gains following positive financial results, guidance updates, or other favorable news.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 3:19 pm