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EME

EMCOR Group (NYSE:EME) has seen a 31.54% decrease in short interest, now at 358 thousand shares or 1.02% of float, indicating a bullish sentiment. The short interest is below the peer group average of 4.74%, suggesting EMCOR is performing well compared to its peers.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:30 pm

PEP

PepsiCo's (NYSE:PEP) short interest has decreased by 4.76% since the last report, with 16.52 million shares sold short, representing 1.2% of its float. This decrease in short interest could indicate a more bullish sentiment towards PEP among traders. Compared to its peers, PepsiCo has a lower short interest percentage of float, with an average of 7.19% among its peers, suggesting a relatively positive outlook.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:30 pm

SPCB

SuperCom shares surged following the announcement of receiving over $5 million in new orders from European governments, indicating strong demand for their services in the public sector.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:27 pm

POAI

Predictive Oncology (POAI) shares surged following the announcement of a collaboration and co-marketing agreement with FUJIFILM Wako Chemicals U.S.A. The partnership aims to minimize protein interference in bacterial endotoxin testing for biopharmaceutical products.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:25 pm

BHP

Anglo American has rejected a $39 billion takeover offer from BHP Group, considering it unattractive. The offer, representing a 31% premium, involves Anglo's shareholders receiving 25.08 pounds per share. The deal includes a spin-off of Anglo American Platinum and Kumba Iron Ore businesses. BHP's bid comes amid a strategic review initiated due to a significant profit drop and lower commodity demand. Anglo is reviewing the offer, with BHP having until May 22 to present a binding bid.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:24 pm

BMY

Bristol Myers Squibb & Co (NYSE:BMY) reported Q1 revenues of $11.9 billion, surpassing expectations with a 5% year-over-year increase, driven by Eliquis, Reblozyl, and Opdualag, despite losses from Opdivo and Revlimid. The company swung to a quarterly loss with an adjusted EPS of $(4.40), but beat the consensus loss estimate of $(4.44). A productivity initiative aims to save $1.5 billion by 2025, including cutting 2,200 jobs. Reblozyl sales slightly exceeded expectations, but the new product portfolio's overall performance was underwhelming. BMY revised its 2024 EPS guidance downwards, significantly impacting its stock price, which fell 8.12% to $44.90.

Portfolio Pulse from Vandana Singh

April 25, 2024 | 4:23 pm

NOC

Northrop Grumman Corp (NYSE:NOC) reported a 9% year-over-year sales growth to $10.133 billion in Q1 fiscal 2024, surpassing consensus estimates. EPS rose to $6.32 from $5.50, beating expectations. The company highlighted robust defense spending and a strong backlog as key drivers of its positive outlook, including expected free cash flow growth. Segment sales and operating income saw increases, with notable awards including $3.1 billion for restricted programs. Despite a cash outflow, NOC plans to return over $2 billion to investors through dividends and share repurchases in 2024. The company reaffirmed its fiscal 2024 guidance, expecting sales between $40.8 billion and $41.2 billion and adjusted EPS of $24.45-$24.85.

Portfolio Pulse from Akanksha Bakshi

April 25, 2024 | 4:22 pm

STRA

Strategic Education Inc (NASDAQ:STRA) shares surged after reporting a 13.1% year-on-year sales growth to $290.3 million in Q1 2024, surpassing analyst estimates. Expenses decreased by 3.6%, and the company saw significant improvements in operating margin, adjusted EBITDA, and EPS. A quarterly dividend of $0.60 per share was declared, with the stock price rising by 11.9% to $112.62.

Portfolio Pulse from Shivani Kumaresan

April 25, 2024 | 4:21 pm

AMZN

ONLN

XLY

Amazon's AWS plans to invest $11 billion in Indiana for a new data center campus, marking the state's largest capital investment. This move will create at least 1,000 jobs and support AI technologies. AWS leads the global cloud market with a 31% share. Amazon's stock has risen over 66% in the past year, and its growth in AI and cloud services is expected to continue. Investors can gain exposure to Amazon through ETFs like XLY and ONLN.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 4:17 pm

EYEN

Eyenovia's stock price increased following the announcement of clinical and scientific updates on its FDA-approved products, Mydcombi and Clobetasol Propionate Ophthalmic Suspension.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:16 pm