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Stock Prices

ALPN

Trading for ALPN was halted at 4:00:30 p.m. ET due to pending news. This action indicates that significant news is expected to be released, which could materially impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:00 pm

ETN

Eaton Corp's (NYSE:ETN) short percent of float has increased by 15.19% since the last report, with 3.63 million shares sold short, representing 0.91% of available shares. This increase in short interest may indicate a more bearish market sentiment towards ETN, although it has less short interest compared to its peers, with an average of 11.50% in the peer group.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 8:00 pm

IT

Gartner (NYSE:IT) has significantly outperformed the market over the past 5 years, achieving an annualized return of 23.98%, turning a $1000 investment into $2,907.27. The company now has a market capitalization of $36.64 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 8:00 pm

RSG

Over the past 20 years, Republic Servs (NYSE:RSG) has produced an average annual return of 12.26%, outperforming the market. A $1000 investment in RSG 20 years ago would be worth $10,200.81 today. Republic Servs currently has a market capitalization of $59.80 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 8:00 pm

ORC

Orchid Island Cap (NYSE:ORC) has seen a decrease in short interest, with 3.98 million shares sold short, representing 7.77% of its float. This is a decrease of 9.23% from its last report, taking an average of 4.62 days to cover short positions. Short interest is a key indicator of market sentiment, and a decrease suggests a more bullish outlook among investors. ORC's short interest is higher than its peer group average of 6.24%, indicating more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 8:00 pm

MKL

Markel Group's (NYSE:MKL) short interest has increased by 4.1%, with 163 thousand shares sold short, representing 1.27% of its float. This indicates a bearish market sentiment, although it's lower than its peer average of 1.80%. The article suggests monitoring short interest as it can reflect market sentiment towards a stock.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 8:00 pm

NVLHF

Nevada Lithium CEO Stephen Rentschler highlighted a critical supply-demand imbalance in the lithium market, exacerbated by surging demand from the EV sector. The industry needs to increase production from 500,000 tons to 2-3 million tons by 2030. Nevada Lithium's Bonnie Claire project, with recent high-grade lithium findings, is positioned as a key player to address this challenge. The project's economic prospects are promising, with significant leverage to lithium prices.

Portfolio Pulse from Abbey Higginbotham

April 10, 2024 | 7:52 pm

DIA

IWM

QQQ

SPY

Stocks declined and bond yields increased after the release of March inflation data, which was higher than anticipated. This suggests that inflationary pressures remain strong, potentially influencing future monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 7:50 pm

AMD

NVDA

SPY

On a recent episode of PreMarket Prep, co-host Dennis Dick highlighted NVIDIA Corp (NASDAQ:NVDA) as a resilient stock amidst market sell-offs due to higher-than-expected March inflation data and interest rate fears. While the tech and semiconductor sectors faced downturns, NVIDIA was seen as a 'flight to safety' option, eventually gaining about 1.5% in a day when the broader market declined. Advanced Micro Devices (NASDAQ:AMD) and other smaller, more debt-reliant semiconductor stocks did not fare as well, highlighting a divergence in the sector.

Portfolio Pulse from Aaron Bry

April 10, 2024 | 7:47 pm

COP

Financial giants have shown a bearish trend on ConocoPhillips (NYSE:COP) options, with 55% bearish and 44% bullish trades. Notable options activity includes both puts and calls with strike prices ranging from $125 to $160. Current market analysis shows COP's price slightly down with a potential overbought RSI. Analysts have mixed views, setting an average price target of $141.6, with individual targets ranging from $129 to $158. The company's performance includes 1.2 million barrels per day of oil and natural gas liquids production, with proven reserves of 6.6 billion barrels of oil equivalent.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 7:46 pm