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BRFH

CAT

CSSE

EJH

SGBX

Caterpillar Inc. shares fell by 6.6% after missing revenue estimates for Q1 fiscal 2024, despite beating EPS expectations. Other stocks experienced significant movements, with notable gainers including Barfresh Food Group and Safe & Green Holdings, and losers like E-Home Household Service Holdings and Chicken Soup for the Soul Entertainment.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 5:57 pm

TECK

Teck Resources shares are trading higher despite reporting earnings for Q1 that missed market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:54 pm

NOC

Northrop Grumman's shares surged following the announcement of their Q1 earnings per share (EPS) and sales, which exceeded analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:53 pm

BNTX

GSK

PFE

GSK Plc has filed a lawsuit against Pfizer Inc and BioNTech SE in a Delaware federal court, alleging patent infringement over mRNA technology used in COVID-19 vaccines. GSK claims Pfizer and BioNTech's Comirnaty vaccines infringe on its patents, seeking unspecified damages and ongoing licensing fees. Pfizer and BioNTech are set to defend their intellectual property, while GSK is open to licensing the patents. This legal battle is part of a series involving Pfizer, BioNTech, and Moderna over vaccine technology patents. Additionally, GSK previously sued Pfizer over its RSV vaccine, alleging infringement on its patents. Stock prices for PFE, GSK, and BNTX have been affected, with PFE down 3.48%, GSK down 0.09%, and BNTX down 1.50%.

Portfolio Pulse from Vandana Singh

April 25, 2024 | 5:51 pm

KMI

Kinder Morgan's (NYSE:KMI) short interest has increased by 29.38% since the last report, with 44.29 million shares sold short, representing 2.29% of its float. It would take about 3.31 days to cover all short positions. This rise in short interest can indicate a bearish market sentiment towards KMI, although it has less short interest compared to its peers' average of 3.92%. The increase in short interest doesn't necessarily predict a price drop but signals increased shorting activity.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:45 pm

LMND

Lemonade (NYSE:LMND) has seen a 4.5% increase in its short percent of float since the last report, with 16.66 million shares sold short, representing 32.71% of its available trading shares. This high level of short interest, compared to its peer group average of 4.49%, indicates a bearish market sentiment towards LMND, despite the potential for a bullish outcome from increasing short interest.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:45 pm

TFC

Truist Financial Corp's (NYSE:TFC) short interest has decreased by 9.8%, now standing at 12.28 million shares or 0.92% of its float. This decline suggests a more bullish sentiment among investors compared to the last report. With a peer group average short interest of 3.89%, TFC has significantly less short interest, indicating potentially less bearish sentiment towards it compared to its peers. The article emphasizes the importance of short interest as a market sentiment indicator.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:45 pm

GCOW

QUVU

Unilever PLC (NYSE:UL) shares rose following its Q1 FY24 earnings report, showing a 1.4% Y/Y turnover increase to 15.0 billion euros, with underlying sales growing 4.4%. The company saw strong performance across its Power Brands, Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream segments. Unilever reiterated its FY24 sales growth outlook of 3% to 5%, with a focus on volume growth. Last month, Unilever announced plans to separate its Ice Cream business. UL shares are up 6.22% at $51.06.

Portfolio Pulse from Lekha Gupta

April 25, 2024 | 5:43 pm

TSLA

WKSP

Tesla Inc (TSLA) is refocusing on affordable EVs to regain its market position, while Worksport Ltd (WKSP) is innovating in the EV accessories market, signaling potential growth with its solar-powered truck bed cover and portable battery system. Despite a slowdown in the EV market, both companies are adapting through innovation, with Worksport expecting a significant sales increase in 2024 and Tesla facing slower growth but continuing to innovate.

Portfolio Pulse from Upwallstreet

April 25, 2024 | 5:39 pm

TDG

VRT

Today's whale activity in the Industrials sector highlighted significant options trading, with bullish sentiment dominating across several companies including VRT, GE, LUV, ZIM, DAL, UBER, and FTAI, while BA, TDG, and FIX saw bearish movements. The trades varied in expiration dates, strike prices, and total trade prices, indicating diverse strategies and expectations from large investors.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:35 pm