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SAIA

Saia Inc. (NYSE:SAIA) has seen a decrease in short interest by 11.03% since its last report, with 1.30 million shares currently shorted, representing 6.21% of its float. This decline in short interest could indicate a more bullish sentiment towards the stock, despite it being higher than the peer group average of 4.48%. The coverage time for these short positions is estimated at 5.51 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 8:00 pm

RIOT

Recent analyst reviews on Riot Platforms (NASDAQ:RIOT) show a mix of bullish and somewhat bullish ratings, with an average 12-month price target of $18.47, reflecting a positive shift from the previous $18.17. The company, a vertically integrated Bitcoin mining firm, has shown remarkable revenue growth of 31.03% as of December 31, 2023, with a net margin of 100.53%, and outperforms industry averages in ROE and ROA. Its market capitalization is below the industry average, indicating it's smaller compared to peers.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 8:00 pm

QCOM

Qualcomm projects its Q3 2024 revenue to be between $8.8B and $9.6B, compared to the $9.05B estimate. The company also forecasts its adjusted EPS to range from $2.15 to $2.35, versus the $2.17 estimate.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 8:00 pm

CVS

SPY

USO

Stocks gained and the dollar fell following comments from Powell indicating that the next policy rate move is unlikely to be a hike. CVS shares dropped due to weak earnings, while oil prices declined on inventory build.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:53 pm

UNH

UnitedHealth Group Inc's CEO Andrew Witty addressed a U.S. Senate panel regarding a recent cyberattack on its technology unit, Change Healthcare. The attack had significant impacts on the healthcare sector, including disruptions to medical claim processing and financial strain on U.S. hospitals. Despite these challenges, Witty assured that the company's issues do not pose a threat to the broader economy. UnitedHealth, with a market cap of $445 billion, paid a $22 million ransom to address the cyberattack's fallout. The company also made $6.5 billion in accelerated payments and loans to providers affected by the incident.

Portfolio Pulse from Vandana Singh

May 01, 2024 | 7:52 pm

QQQ

SPY

UUP

Federal Reserve Chair Jerome Powell indicated that an interest rate hike is 'unlikely' and expects inflation to decrease over the year, aiming for a 2% target. This stance led to a rally in stocks and gold, while the dollar and Treasury yields fell. Powell's comments were seen as less hawkish than anticipated, sparking optimism among investors. The Fed also plans to slow its balance sheet runoff to ensure a smoother transition in financial markets.

Portfolio Pulse from Piero Cingari

May 01, 2024 | 7:51 pm

BON

EL

Bon Natural Life shares are trading lower due to weak guidance issued by Estee Lauder, indicating a sympathy move in the market.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:47 pm

BROS

CAVA

CBRL

SG

SHAK

Shares of dining and fast food stocks are trading lower after Starbucks reported weak earnings, impacting the broader sector.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:46 pm

AMT

High-rolling investors have shown a bullish sentiment on American Tower (NYSE:AMT) through significant options trading, as tracked by Benzinga. The options market activity indicates a price target range of $175.0 to $180.0 for AMT. The company, operating as an REIT, owns over 220,000 cell towers globally and has seen its stock price increase by 3.74% to $177.98. Analysts have given mixed reviews, with an average target price of $217.25, ranging from a strong buy to neutral ratings.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 7:46 pm

USAP

Universal Stainless & Alloy Products (USAP) shares surged following the announcement of Q1 GAAP EPS results that exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:45 pm