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AMC

HYG

LUMN

OPI

SATS

U.S. high-yield corporate bonds are attracting investors with returns over 20% as interest rates remain high. The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has seen a 10% increase since October 2023. High-yield bonds, also known as junk bonds, are issued by companies with lower credit ratings and come with higher risks. The top 10 high-yielding bonds as of April 2024 include issues from AMC Entertainment Holdings (AMC), Hughes Satellite Systems Corp. (SATS), Dish Network Corporation, Lumen Technologies Inc. (LUMN), and Office Properties Income Trust (OPI).

Portfolio Pulse from Piero Cingari

April 04, 2024 | 6:59 pm

META

Meta Platforms' stock price increased following Jefferies' decision to maintain a Buy rating and raise its price target from $550 to $585.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:58 pm

STLA

TSLA

Stellantis N.V. (NYSE:STLA) reported a 10% YoY decline in Q1 2024 sales, with specific brand performances varying. CEO Carlos Tavares emphasized the need for EV battery breakthroughs to address weight and power density challenges, dismissing hydrogen as a viable mass mobility solution. Despite sales struggles, Stellantis reported healthy profits. General Motors (NYSE:GM) and Tesla Inc (NASDAQ:TSLA) also saw sales declines, while Ford Motor (NYSE:F) reported a sales increase, driven by demand for EVs and hybrids.

Portfolio Pulse from Upwallstreet

April 04, 2024 | 6:56 pm

CVS

PRGO

Perrigo's stock price increased due to high trading volume following a Bloomberg report stating that many CVS Caremark plans will cover Perrigo's contraceptive, Opill, at no cost to consumers.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:53 pm

ACHL

ALUR

CADL

EFTR

KWE

RPM

TCBP

U.S. stocks declined with the Dow Jones falling over 200 points. RPM International's shares dropped after Q3 results, showing a slight sales increase but beating EPS estimates. TCBP, ALUR, and CADL shares surged on positive news, while EFTR, ACHL, and KWE shares plummeted due to disappointing updates. Oil and gold prices rose.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 6:39 pm

ARKF

ARKW

Block Inc (NYSE:SQ) shares dropped after Morgan Stanley downgraded the stock and lowered its price target. Meanwhile, Benchmark analyst Mark Palmer raised his price target for Block, citing the company's focus on profitability and strategic shift towards banking products on Cash App. Block's stock has gained 86% in the past six months, and exposure to Block is available through ARK Fintech Innovation ETF (NYSE:ARKF) and ARK Next Generation Internet ETF (NYSE:ARKW).

Portfolio Pulse from Anusuya Lahiri

April 04, 2024 | 6:39 pm

ABUS

MRNA

A Delaware District Court ruled in favor of Arbutus Biopharma Corporation (ABUS) and Genevant Sciences in their patent infringement lawsuit against Moderna Inc (MRNA) regarding Moderna's COVID-19 vaccine. The court's decision strengthens the plaintiffs' case by supporting their interpretation of the contested patent terms related to a lipid nanoparticle platform crucial for the vaccine's delivery. Arbutus and Genevant are seeking compensation for Moderna's use of this technology. JMP Securities maintains a Market Outperform rating on ABUS with a price target of $4. ABUS shares rose 3.25% to $3.02, while MRNA shares increased by 3.89% to $105.2.

Portfolio Pulse from Vandana Singh

April 04, 2024 | 6:32 pm

DELL

Dell Technologies shares are trading higher, potentially due to AI-driven momentum in hardware stocks.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:30 pm

SNA

Snap-on (NYSE:SNA) has seen a 6.79% increase in its short percent of float, now at 4.56% of all shares available for trading. This indicates a bearish sentiment among investors, as short selling suggests expectations of a stock price decline. However, an increase in short interest can sometimes be bullish, as covering short positions can drive the stock price up. Snap-on's short interest is higher than its peer group average of 3.25%.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 6:30 pm

CLF

Cleveland-Cliffs (NYSE:CLF) has seen an 8.0% increase in its short percent of float since the last report, with 31.79 million shares sold short, representing 7.29% of its available trading shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. Cleveland-Cliffs has a higher short interest compared to its peers, with an average of 5.70% in its peer group.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 6:30 pm