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TEVA

Teva Pharmaceutical Industries Ltd. shares are trading lower due to increased tensions between Israel and Iran, affecting Israel-based stocks.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 7:47 pm

CNXC

Concentrix (NYSE:CNXC) has seen a 4.74% increase in its short percent of float since the last report, with 2.19 million shares sold short, representing 4.64% of its available trading shares. This indicates a bearish market sentiment, although it's below the peer group average of 5.06% short interest. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall and can be bullish.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 7:45 pm

WSO

Watsco's (NYSE:WSO) short interest has increased to 13.98% of its float, significantly higher than its peers' average of 3.98%. This rise to 4.15 million shares sold short suggests a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. The coverage period for these short positions is approximately 9 days.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 7:45 pm

CELH

Celsius Holdings (NYSE:CELH) has seen a significant decrease in short interest, down 52.86% to 18.16 million shares, representing 18.81% of its float. This decrease suggests a shift in market sentiment towards the stock, potentially indicating a more bullish outlook among investors. The current short interest still exceeds the peer group average of 4.68%, highlighting a higher level of bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 7:45 pm

DIS

Walt Disney shares are trading lower due to overall market weakness and uncertainty regarding rate cuts.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 7:42 pm

CNQ

HAL

SLB

Large-cap energy stocks like CNQ, HAL, and SLB are trading lower despite rising energy prices, influenced by uncertainty around interest rate cuts affecting stocks across various sectors.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 7:40 pm

ACN

APH

ZBRA

Tech sector stocks are down due to market uncertainty and doubts about potential rate cuts.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 7:38 pm

SPY

Fed's Daly commented on the excessive focus on the number of rate cuts, emphasizing the goal of reducing inflation to 2% gently. Daly stated that bumps along the way should not be surprising and affirmed the Fed's commitment to maintaining its policy stance as long as necessary to achieve this goal.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 7:37 pm

GD

General Dynamics (NYSE:GD) has delivered an average annual return of 9.65% over the past 20 years, outperforming the market. A $100 investment in GD 20 years ago would be worth $630.40 today. The company currently has a market capitalization of $78.75 billion.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 7:30 pm

GE

GE Aero (NYSE:GE) has significantly outperformed the market with an annualized return of 27.64% over the past 5 years, turning a $1000 investment into $3,448.28 today. The company now boasts a market capitalization of $168.53 billion.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 7:30 pm