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Stock Prices

THC

Tenet Healthcare Corporation (NYSE:THC) reported first-quarter sales of $5.37 billion, a 7% increase year over year, surpassing the consensus of $5.15 billion. Adjusted EBITDA for Q1 2024 was $1.024 billion, up from $832 million the previous year, driven by strong admission growth, favorable payer mix, and improved contract labor costs. The company raised its fiscal year 2024 revenue guidance to $20 billion-$20.4 billion and adjusted EPS guidance to $8.37-$9.41, significantly above the consensus of $6.11. Shares of THC surged 9.97% to $109.08.

Portfolio Pulse from Vandana Singh

April 30, 2024 | 2:53 pm

FXI

SPY

U.S. Treasury Secretary Yellen stated that higher steel tariffs on China appear appropriate, according to Reuters. This could impact trade relations and market perceptions.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:51 pm

AMZN

CMCSA

DIS

WBD

The battle for NBA media rights is intensifying with Comcast Corporation's NBCUniversal nearing a deal for $2.5 billion annually, potentially outbidding Warner Bros. Discovery, which risks losing its current rights. Disney is expected to renew its deal at $2.6 billion annually, a significant increase from its current payment. Amazon is also in talks for streaming rights, indicating a shift towards streaming platforms for sports broadcasting. This shift underscores the importance of sports rights in attracting and retaining cable and streaming subscribers.

Portfolio Pulse from Chris Katje

April 30, 2024 | 2:49 pm

VLO

Valero Energy's stock trades lower as Barclays maintains an Overweight rating but reduces its price target from $179 to $173.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:48 pm

DJT

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are up following clarification on share recall for short selling. CEO Devin Nunes accuses brokerage firms of stock manipulation, urging an investigation by House GOP leaders. The stock has been volatile since its Nasdaq debut, with significant price fluctuations and operational losses revealed.

Portfolio Pulse from Nabaparna Bhattacharya

April 30, 2024 | 2:47 pm

BTCUSD

ETHUSD

LINKUSD

SOLUSD

Cryptocurrency trader Michael van de Poppe predicts an upcoming altcoin season, emphasizing the importance of market rotations and strategic trading to maximize returns. He highlights the strength in altcoins like Solana and meme coins following the Bitcoin Halving, suggesting a shift towards these alternatives. Van de Poppe also sees Ethereum leading the altcoin charge and considers Chainlink an attractive investment at its current valuation.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 2:45 pm

AEP

American Electric Power (NYSE:AEP) has seen a 19.82% decrease in short interest, now at 9.35 million shares or 1.78% of float, taking 2.85 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards AEP compared to its peers, where the average short interest is 2.49% of float.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 2:45 pm

PFE

Pfizer's (NYSE:PFE) short interest has decreased by 9.45% since the last report, with 65.00 million shares sold short, representing 1.15% of its float. The current short interest suggests a bullish sentiment among investors, as it takes approximately 1.94 days to cover all short positions. Compared to its peers, Pfizer has a lower short interest percentage of float, indicating less bearish sentiment among investors towards Pfizer.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 2:45 pm

PKG

Packaging Corp of America (NYSE:PKG) has seen a decrease in short interest, now at 2.08% of float, lower than its peer group average of 3.36%. This indicates a potential increase in bullish sentiment towards PKG, despite the short interest reduction not directly predicting stock price movement.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 2:45 pm

PSX

Phillips 66 shares are trading lower following Barclays' decision to maintain an Equal-Weight rating on the stock while reducing its price target from $155 to $147.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:43 pm