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EIX

Edison Intl's (NYSE:EIX) short interest has increased by 5.03% since the last report, with 6.45 million shares sold short, representing 2.09% of its float. It would take approximately 3.88 days to cover these short positions. An increase in short interest can indicate bearish market sentiment, but Edison Intl has less short interest compared to its peer group average of 2.68%. This could be interpreted in various ways, including potential bullish outcomes.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 3:00 pm

PFG

Principal Financial Group (NASDAQ:PFG) was analyzed by 5 analysts, showing a consensus towards a neutral stance with 4 indifferent and 1 somewhat bearish ratings. The average 12-month price target for PFG has been raised to $81.6, up 4.62% from $78.00, indicating a positive outlook. Analysts from firms including Piper Sandler and Morgan Stanley adjusted their price targets and ratings, reflecting recent market conditions and company performance. Despite this, PFG faces challenges with a -14.6% revenue decline, a net margin of -32.4%, and below-average ROE and ROA, suggesting difficulties in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 3:00 pm

ARR

ARMOUR Residential REIT (NYSE:ARR) has seen a 6.72% increase in short interest since its last report, with 3.80 million shares sold short, representing 8.74% of its float. This indicates a bearish market sentiment towards ARR, as it now has a higher short interest than most of its peers, with the peer group average at 6.14%. However, an increase in short interest can sometimes be bullish, suggesting potential for profit if the stock price increases.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 3:00 pm

LLY

Eli Lilly and Co (NYSE:LLY) is analyzed in comparison to its competitors in the Pharmaceuticals industry, focusing on financial metrics, market position, and growth prospects. Eli Lilly shows a premium valuation with a high P/E, P/B, and P/S ratios compared to industry averages. Despite this, the company demonstrates strong profitability with a higher ROE and significant revenue growth. However, concerns are raised due to its lower EBITDA, gross profit, and a higher debt-to-equity ratio, indicating potential financial vulnerability and operational inefficiencies.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 3:00 pm

ANSS

Ansys (NYSE:ANSS) has seen a 4.57% increase in its short percent of float since the last report, with 1.25 million shares sold short, representing 1.83% of available shares. It would take about 2.88 days to cover these short positions. The increase in short interest can indicate a bearish market sentiment towards ANSS, although it has less short interest compared to its peers, with an average of 4.18% in the peer group.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 3:00 pm

SOLUSD

Solana (CRYPTO: SOL) has experienced a 6.5% decrease in price over the past 24 hours, continuing a weekly downward trend of -7.0%. The trading volume for Solana has increased by 92.0% over the past week, despite a 0.23% decrease in circulating supply. Solana's market cap ranking is currently #5 at $78.93 billion.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 3:00 pm

DELL

PTF

WLDR

Dell Technologies Inc. (NYSE:DELL) shares are up due to its collaboration with Northwestern Medicine, using AI to innovate patient care, particularly in interpreting chest x-rays. The partnership has led to the development of a generative multimodal large language model (LLM) within Northwestern Medicine's secure infrastructure, supported by Dell's advanced AI technology. This initiative is expected to significantly advance healthcare. DELL stock has seen over a 200% increase in the past year, and it's also part of the Affinity World Leaders Equity ETF (BATS:WLDR) and Elevation Series Trust SRH U.S. Quality ETF (NASDAQ:PTF).

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 2:59 pm

DIS

Disney (NYSE:DIS) is set to begin its password-sharing crackdown in June, aiming to increase subscriber engagement and achieve profitability in its streaming business by the fiscal year's end. The policy, initially affecting new Disney Plus subscribers in January and extended to existing members in March, will see a global rollout in September. Disney's CFO confirmed that subscribers suspected of password sharing would need to sign up for their own subscriptions this summer. Additionally, Disney's recent merger of the Disney Plus and Hulu apps is part of its strategy to enhance user experience and reduce churn.

Portfolio Pulse from Rounak Jain

April 05, 2024 | 2:58 pm

GOOG

GOOGL

META

Meta Platforms Inc (NASDAQ:META) reached a new all-time high of $530, driven by positive analyst sentiment and technical momentum. Jefferies reiterated a Buy rating, raising the price target from $550 to $585. Despite the surge, Meta's forward P/E ratio remains competitive at 25.57, lower than most of its peers except Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), which has a P/E of 22.37. Analysts from Jefferies, Wells Fargo, and Roth MKM suggest an average price target of $561.67, indicating a potential upside. Technical indicators remain bullish, though the RSI suggests nearing overbought conditions.

Portfolio Pulse from Surbhi Jain

April 05, 2024 | 2:56 pm

CGDXF

GOLD

Barrick Gold Corp (NYSE:GOLD) is expanding its operations in Peru, targeting the Puno district amidst a surge in gold demand, with prices reaching $2,300 per ounce. The company, which has increased its gold reserves to 77 million ounces, is also focusing on projects in Nevada and globally, including strategic investments in copper. Barrick's expansion efforts come at a time when gold prices have risen by approximately 11% year-to-date, driven by geopolitical uncertainties and expectations of interest rate cuts by the Federal Reserve.

Portfolio Pulse from Stjepan Kalinic

April 05, 2024 | 2:50 pm