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KSS

Kohl's (NYSE:KSS) has seen a 6.92% increase in its short percent of float, now at 37.7% of all shares available for trading. With 29.91 million shares sold short, it would take about 5.35 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards KSS, although it's higher than its peer group average of 7.44% short interest as a percentage of float.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 1:30 pm

UNH

UnitedHealth Group's (NYSE:UNH) short interest has increased by 6.33% since the last report, with 7.77 million shares sold short, representing 0.84% of its float. It would take about 2.5 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards UNH, although it has less short interest compared to its peers' average of 4.17%. The increase in short interest can be seen as a bearish or bullish signal, depending on market interpretation.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 1:30 pm

BTCUSD

A report by 10x Research predicts a potential drop in Bitcoin prices to $52,000, citing concerns over Bitcoin's funding rate and macroeconomic factors like inflation. The report, authored by Markus Thielen, suggests that the shift in market sentiment and technical analysis indicators, such as a critical Fibonacci retracement level and a triangle price formation, point towards a possible decline in Bitcoin's value, especially with the upcoming Bitcoin halving and macroeconomic uncertainties.

Portfolio Pulse from Murtuza Merchant

April 19, 2024 | 1:29 pm

FSLR

First Solar's stock price increased following an upgrade by Wells Fargo from Equal-Weight to Overweight, with a new price target set at $250, up from $187.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 1:26 pm

BTCUSD

SPY

Israel conducted an airstrike near an Iranian military airbase as retaliation, causing no significant damage or casualties but raising concerns of broader escalation in the Middle East. Political reactions vary, with Iran signaling no intent to retaliate to avoid escalation, while global leaders call for calm. The market reacted with a spike in oil and gold prices and volatility in Bitcoin, but U.S. futures remained flat. The Biden administration is considering over $1 billion in new weapons deals for Israel.

Portfolio Pulse from Piero Cingari

April 19, 2024 | 1:26 pm

LKNCY

NYKHF

SBUX

Nayuki Holdings Ltd. (OTC:NYKHF) faces increased competition as it slows store openings and tweaks its franchising model. The premium tea seller, known for its bubble tea, is adjusting its strategy to boost presence in smaller cities. Meanwhile, at least five major rivals, including industry leader Mixue and newly listed Chabaidao, have filed for IPOs in Hong Kong, increasing competition for investor attention. Nayuki's P/S ratio of 0.72 contrasts with Chabaidao's 1.4, indicating investor wariness towards the sector. Nayuki's stock has declined significantly, reflecting skepticism and challenges ahead, including quality control and margin pressure in franchising.

Portfolio Pulse from The Bamboo Works

April 19, 2024 | 1:23 pm

SMCI

Super Micro Computer (SMCI) shares are trading lower after the company announced its Q3 earnings date without providing preliminary estimates, a departure from its Q2 practice.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 1:22 pm

WYNN

Barclays analyst Brandt Montour maintains an Overweight rating on Wynn Resorts (NASDAQ:WYNN) and raises the price target from $123 to $124.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 1:18 pm

Blackstone Inc (NYSE:BX) reported Q1 FY24 earnings with adjusted revenues of $2.55 billion, surpassing the consensus of $2.49 billion. Distributable earnings rose 1% Y/Y to $1.27 billion, with earnings per share of $0.98 beating the consensus of $0.97. Assets under management increased by 7% Y/Y to $1.06 trillion. The company declared a quarterly dividend of 83 cents per share. Despite the positive earnings, Blackstone shares fell 2.3% to close at $120.32. Post-earnings, JP Morgan and Barclays adjusted their price targets on Blackstone to $100 and $125, respectively.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 1:18 pm

CORN

DJT

GLD

HOOD

NFLX

NVDA

QQQ

TSLA

TSM

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 1:16 pm