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HRL

Hormel Foods (NYSE:HRL) has seen a 12.61% decrease in short interest, now at 11.37 million shares or 2.08% of float, taking 3.56 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards HRL compared to its peers, where the average short interest is 5.23% of float.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 8:45 pm

EQT

EQT Corporation's (NYSE:EQT) short interest has decreased by 6.41%, now representing 4.09% of its available trading shares. This reduction in short interest, from 14.36 million shares, suggests a more bullish market sentiment towards EQT. The current short interest is below the peer group average of 6.57%, indicating less bearish sentiment compared to its peers. Short interest is a key indicator of market sentiment, and a decrease often suggests a positive outlook on the stock.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 8:45 pm

DIS

Disney CEO Bob Iger stated that he is focusing on not letting activist investors distract him from his work, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 8:36 pm

ETHUSD

MATICUSD

USDC

President Joe Biden's State of the Union speech and Super Tuesday results have positively impacted his odds for the 2024 presidential election, according to Polymarket. Former President Donald Trump also saw improved odds. Polymarket users bet on political outcomes using cryptocurrencies like Polygon (MATIC), USDC, and Ethereum (ETH). Current odds favor Trump at 54% and Biden at 33%. Betting trends indicate a slight shift in favor of the frontrunners, with Biden experiencing the largest increase in dollars wagered.

Portfolio Pulse from Chris Katje

March 08, 2024 | 8:35 pm

BTCUSD

Bitcoin's attempt to surpass the $70,000 mark was met with a swift 5% decline to $66,600, leading to $240M in liquidations. The resistance at this level was partly due to nearly 1,000 Bitcoin worth of sell orders on exchanges like Binance and OKX. Discussions among experts vary, with some seeing potential for future gains and others cautioning about possible corrections. Bitcoin was trading at around $68,700 at the time of the report.

Portfolio Pulse from Murtuza Merchant

March 08, 2024 | 8:35 pm

HURC

Hurco reported a year-over-year decrease in its Q1 financial results, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 8:35 pm

ACB

Aurora Cannabis (NASDAQ:ACB), a leading global cannabis company, is well-positioned in Germany following the country's legalization of adult-use marijuana. Germany's reform is significant for Aurora, especially in the medical marijuana sector, where the company aims to expand its patient outreach. Aurora's VP of external affairs, Dirk Heitepriem, expressed optimism about leveraging their global experience for success in Germany's evolving market. The company's shares traded 3.92% higher at $3.18 per share following the news.

Portfolio Pulse from Nina Zdinjak

March 08, 2024 | 8:32 pm

GDX

GLD

IAU

SGOL

Global physically backed gold ETFs have experienced outflows for nine consecutive months, totaling $5.7 billion year-to-date, despite gold prices reaching all-time highs. The outflows are primarily from North America, with factors such as a strong labor market, higher inflation, and a potential Federal Reserve rate cut contributing to the trend. However, gold prices continue to rise due to speculative betting and physical demand, particularly from China. Central bank demand remains strong, supporting gold prices. Gold ETFs mentioned include SPDR Gold Trust (GLD), iShares Gold Trust (IAU), Abrdn Physical Gold Shares ETF (SGOL), and VanEck Gold Miners (GDX).

Portfolio Pulse from Stjepan Kalinic

March 08, 2024 | 8:31 pm

MRNA

Financial giants have shown a bullish stance on Moderna (NASDAQ:MRNA) through recent options trading, with a mix of bullish and bearish trades observed. The trading activity suggests a target price range of $40.0 to $115.0 for MRNA over the next three months. Moderna, a commercial-stage biotech company, has seen its mRNA technology gain rapid validation, especially with its COVID-19 vaccine. The current trading volume is 2,962,331 with the stock price at $99.48. Analysts have given mixed reviews, with an average target price of $100.67, ranging from $86 to $125.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 8:31 pm

AZO

Deep-pocketed investors have shown a divided sentiment towards AutoZone (NYSE:AZO), with a bearish tilt observed through Benzinga's options scanner. The scanner highlighted 16 unusual options activities, with a price focus between $2600 and $3400. The analysis of these options shows a mix of bullish and bearish positions, with a higher total trade price for calls. AutoZone, a leading retailer of aftermarket automotive parts, has its stock currently positioned at $3124.01, with professional analysts offering mixed ratings and price targets ranging from $3025 to $3400.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 8:30 pm