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Sanofi SA reported better-than-expected first-quarter earnings, leading to a 5.5% increase in its stock price. Other companies like P.A.M. Transportation Services, Ultralife Corporation, Impinj, Inc., and several more also saw significant gains following positive financial results or guidance. Despite a general downturn in the market, these companies outperformed due to strong earnings reports or optimistic future projections.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 2:15 pm

M

Macy's (NYSE:M) reported a decrease in short interest, with 16.65 million shares sold short, representing 6.84% of its float. This marks a 10.47% decline from the last report. The current short interest suggests a bullish sentiment among investors, as it takes approximately 2.31 days to cover all short positions. Compared to its peers, Macy's has a lower short interest percentage, indicating less bearish sentiment relative to its peer group average of 9.07%.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 2:15 pm

PM

Philip Morris Intl (NYSE:PM) has seen a 9.3% increase in short percent of float since its last report, with 7.33 million shares sold short, representing 0.47% of available shares. The short interest in PM is lower than its peer group average of 9.93%. This rise in short interest indicates a more bearish market sentiment towards PM, but it's not necessarily a predictor of a near-term price drop.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 2:15 pm

BTBT

Bit Digital (NYSE:BTBT) has seen a 13.95% increase in short interest since its last report, with 18.13 million shares sold short, representing 15.52% of its float. This is higher than the peer group average of 8.17%. The rise in short interest suggests a bearish market sentiment, but it's also noted that an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 2:15 pm

FXI

RCL

A Royal Caribbean executive announced during a conference call that the company has made its return to the China market this month.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:13 pm

LEEEF

LEEF Brands, Inc. (OTC:LEEEF) announced a partnership with NBA All-Star Rudy Gobert, making him a brand ambassador for their wellness products. This collaboration aims to promote LEEF's brands and support Rudy's Kids Foundation, a children's charity founded by Gobert. The partnership follows the NBA and NBPA's decision to allow players to invest in cannabis companies. LEEF Brands shares closed 2.55% higher at $0.019 after the announcement.

Portfolio Pulse from Nina Zdinjak

April 25, 2024 | 2:11 pm

EQR

Evercore ISI Group analyst Steve Sakwa has maintained an Outperform rating on Equity Residential (NYSE:EQR) and increased the price target from $67 to $70.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:09 pm

INTC

LOUP

LRNZ

MBLY

Mobileye Global Inc (NASDAQ:MBLY) reported a 48% year-on-year revenue decline in Q1 2024 to $239.00 million, slightly above consensus. Adjusted EPS was $(0.07), missing consensus by $(0.01). The decline was attributed to a supply chain reset and excess inventory consumption. EyeQ and SuperVision revenue dropped significantly, and the number of systems shipped halved. Despite these challenges, the company maintains its FY24 revenue and adjusted operating income outlook. Mobileye was spun off by Intel Corp (NASDAQ:INTC) in October 2022. MBLY shares fell 5.21% to $29.50.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 2:08 pm

TECK

Teck Resources shares are trading lower following a Q1 earnings miss, indicating a negative market reaction to the financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:04 pm

AOS

A.O. Smith's shares dropped following mixed Q1 results and a reaffirmation of its FY24 guidance, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:03 pm