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Stock Prices

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares fell over 15% despite the company announcing CARB certification for its 2025 Mullen THREE electric truck and the completion of the first phase of battery line integration. The certification allows access to state EV incentives in CARB-compliant states, and the company targets starting production in early 2025, expecting to hire over 200 people.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 5:02 pm

SYF

Synchrony Financial (NYSE:SYF) has received diverse analyst ratings over the last three months, with 10 analysts offering evaluations ranging from bullish to bearish. The average 12-month price target for SYF is now $42.8, reflecting a 7.0% increase from the previous target of $40.00. Analysts from firms including B of A Securities, BMO Capital, and Wells Fargo have raised their price targets, indicating a positive outlook on the company's performance. Synchrony Financial, a leader in private-label credit cards in the U.S., has shown strong financial performance with a revenue growth rate of 18.3%, a net margin of 11.72%, and an ROE of 3.27%.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:01 pm

GM

VZ

XLU

On CNBC's Halftime Report, analysts shared their final trades, highlighting Verizon Communications, General Motors, and the SPDR Select Sector Fund - Utilities as key picks. These recommendations are based on current market trends and company performances.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:01 pm

AMX

America Movil (NYSE:AMX) has been the subject of 5 analyst reviews over the past three months, showing a mix of ratings from bullish to bearish. The average 12-month price target for AMX has increased by 7.92% to $19.48, with analysts adjusting their price targets and ratings based on recent developments. The company, a leading telecom carrier in Latin America, faces challenges with a -2.69% revenue decline but maintains strong financial health indicators such as net margin and ROE.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:00 pm

TIRX

Tian Ruixiang Holdings (NYSE:TIRX) has seen a 10.0% increase in short interest, now at 5 thousand shares or 0.22% of float, indicating a bearish market sentiment. Despite this, TIRX's short interest is below its peer group average of 2.96%. Short interest is a key indicator of market sentiment, and an increase suggests investors are expecting the stock price to fall. However, high short interest can also lead to a potential short squeeze, making the stock's near-term movement unpredictable.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:00 pm

CHRD

Chord Energy (NYSE:CHRD) has seen an 8.34% increase in its short percent of float since the last report, with 3.48 million shares sold short, representing 11.04% of its available trading shares. This indicates a bearish market sentiment, although it's not a definitive predictor of a price drop. Chord Energy's short interest is higher than its peer group average of 6.67%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:00 pm

ANSS

Ansys (NYSE:ANSS) has seen a 22.95% increase in short interest since its last report, with 1.49 million shares sold short, representing 2.25% of its float. It would take about 2.91 days to cover all short positions. This rise in short interest can indicate a bearish market sentiment towards ANSS, though it has less short interest compared to its peer group average of 4.44%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on its decline.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:00 pm

CARR

CSD

FPX

Carrier Global Corp (CARR) shares surged following its Q1 FY24 earnings report, with a 17% Y/Y increase in net sales to $6.18 billion, slightly below consensus. Adjusted operating profit rose 44% Y/Y to $927 million, and adjusted EPS of $0.62 beat the consensus of $0.51. The company highlighted the transformative acquisition of Viessmann Climate Solutions and provided an updated FY24 outlook, expecting adjusted EPS of $2.80-$2.90 and sales of ~$26 billion. Investors can also gain exposure to CARR through ETFs like FPX and CSD.

Portfolio Pulse from Lekha Gupta

April 25, 2024 | 4:57 pm

LUV

Southwest Airlines' CFO announced in a conference call that the company now expects lower maintenance expenses in 2024 compared to previous forecasts.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:57 pm

RBRK

Rubrik's shares opened for trading at $38.60 per share, significantly higher than its IPO price of $32 per share on 23.5 million shares.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:49 pm