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FDS

MVLA

YTEN

FactSet Research Systems Inc. (FDS) shares fell by 5.2% after reporting lower-than-expected Q2 revenue and FY24 guidance. Other stocks showed significant movement, with notable gainers including Yield10 Bioscience, Inc. (YTEN) and losers like Movella Holdings Inc. (MVLA).

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 6:39 pm

FIVE

Five Below, Inc. (NASDAQ:FIVE) reported Q4 earnings of $3.65 per share, up from $3.07 year-over-year, with revenue of $1.34 billion, up from $1.12 billion. The company forecasts Q1 earnings between 58 cents and 69 cents per share, with revenue between $826 million and $846 million. Several analysts lowered their price targets on FIVE following the results. The company's stock is down 15.6% at $176.47. Over the past 5 years, FIVE's revenue grew at an 18.78% annual rate, with an average 1-year price target of $222.54, indicating a 24.5% upside in 2025.

Portfolio Pulse from Erica Kollmann

March 21, 2024 | 6:38 pm

LU

Lufax Holding Ltd (NYSE:LU) shares rose after announcing Q4 financial results and a special dividend. The company reported a 44.3% decrease in quarterly total income compared to the same period in 2022 but expects an increase in new loan sales and year-end loan balance for FY 2024. A special dividend of $1.21 per share or $2.42 per ADS is proposed, pending shareholder approval. Despite a 40.16% YTD decline, the average analyst price target suggests potential upside.

Portfolio Pulse from Erica Kollmann

March 21, 2024 | 6:35 pm

OI

O-I Glass (NYSE:OI) has seen a 14.26% decrease in short interest, now at 4.84 million shares or 5.47% of float, taking 1.63 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards OI compared to its peers, where the average short interest is 2.58% of float.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 6:30 pm

CVNA

Carvana's (NYSE:CVNA) short interest has decreased by 3.24% since the last report, with 33.33 million shares sold short, representing 41.86% of its float. This indicates a potential shift in market sentiment towards the stock. The average time to cover these short positions is approximately 5 days. Compared to its peers, Carvana has a significantly higher short interest, suggesting more bearish sentiment among investors towards Carvana than its industry counterparts.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 6:30 pm

NDAQ

RDDT

Nasdaq announced plans to list options for Reddit Inc on all six of its exchanges, pending approval from its listing qualifications team. The listing is set to begin on Monday, March 25, according to a Nasdaq spokesperson cited by Reuters.

Portfolio Pulse from Happy Mohamed

March 21, 2024 | 6:30 pm

EXR

Extra Space Storage (NYSE:EXR) has seen a 14.52% increase in its short percent of float since the last report, with 4.78 million shares sold short, representing 2.76% of available shares. This indicates a bearish sentiment among traders, although it doesn't necessarily predict a price drop. Compared to its peers, EXR has a lower short interest percentage of 2.76% versus the peer group average of 3.80%.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 6:30 pm

APO

Apollo Global Management (NYSE:APO) has seen unusual options activity, with a 50/50 split between bullish and bearish sentiments among deep-pocketed investors. The activity focuses on a price target range of $110.0 to $125.0. Current stock price is up 2.11% at $115.02, with analysts setting an average price target of $126.5. JP Morgan upgraded APO to Overweight with a $122 target, while Keefe, Bruyette & Woods maintains an Outperform rating with a $131 target.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 6:16 pm

SPGI

S&P Global (NYSE:SPGI) has seen a notable options trading activity, with a bearish sentiment prevailing among traders. Analysis revealed 9 unusual trades, with 44% bullish and 55% bearish. The trades include 4 puts valued at $132,610 and 5 calls valued at $212,880, targeting a price range of $230.0 to $430.0. The current trading volume is 637,456, with SPGI's price up by 1.0% at $430.27. The RSI indicates a neutral position, and earnings are expected in 35 days.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 6:16 pm

FIVE

Analysts have adjusted their price targets for Five Below Inc (NASDAQ:FIVE) following its Q4 FY23 earnings report, citing concerns over shrink but maintaining a positive outlook on the company's future growth. Despite a comp sales gain of +3.1%, elevated product theft and weaker margins impacted earnings. The company's FY24 guidance was below consensus, but analysts see potential for margin improvement and high visibility to +20% annual net income growth. Efforts to mitigate shrink are expected to show results as the year progresses.

Portfolio Pulse from Shivani Kumaresan

March 21, 2024 | 6:16 pm