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MTH

Meritage Homes (NYSE:MTH) has seen a 55.04% increase in its short percent of float, now at 3.69%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 5.44%. It would take traders 1.98 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 7:45 pm

RNAZ

TransCode Therapeutics shares are trading higher after the company announced that it regained compliance with the Nasdaq's continued listing requirements.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 7:44 pm

AVGO

META

Broadcom Inc. (NASDAQ:AVGO) shares are trading higher after Morgan Stanley reinstated coverage with an Overweight rating and a price target of $1,658. Analysts expect strong performance in the upcoming fiscal second-quarter earnings report, with estimated EPS of $10.80 and revenue of $12.03 billion. BofA Securities also maintained a Buy rating and a price target of $1,680, driven by strength in AI. Broadcom's AI revenue forecast is over $10 billion, with potential for an additional $1 billion upside.

Portfolio Pulse from Vaishali Prayag

June 10, 2024 | 7:37 pm

HAHA

Harden Technologies has filed with the U.S. SEC for an IPO, planning to offer 1.25 million shares at a price range of $4 to $5 per share.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 7:33 pm

PROK

ProKidney shares are trading lower following an operational update and progress report on European and U.S. clinical trials for its CKD therapy, rilparencel. Jefferies maintained a Buy rating but lowered the price target from $15 to $6.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 7:19 pm

PINS

Pinterest's (NYSE:PINS) short interest has risen by 11.23%, with 25.42 million shares sold short, representing 4.26% of its float. This increase in short interest indicates a more bearish sentiment among investors. However, Pinterest's short interest is still lower than its peer group average of 7.77%.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 7:15 pm

LLY

Eli Lilly's Alzheimer's drug has received a unanimous 11-0 vote from an FDA panel. The panel will next review the safety and potential limits of the drug.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 7:14 pm

NVDA

SPY

Economist Harry Dent warns of an impending 'crash of a lifetime,' predicting the S&P 500 to plummet by 86% and the Nasdaq by 92%. He highlights the prolonged 14-year bubble, driven by artificial economic stimulus, and forecasts significant declines for top-performing companies like Nvidia. Dent also predicts a severe drop in real estate prices, advising investors to seek refuge in safe bonds.

Portfolio Pulse from Piero Cingari

June 10, 2024 | 7:07 pm

BLOK

EDUT

IYW

PWSC

Bain Capital's $5.6 billion acquisition of PowerSchool Holdings (NYSE:PWSC) is under investigation for potential conflicts of interest and concerns over the deal price. Shareholder rights law firm Julie & Holleman is probing the transaction, citing issues with private equity firms Vista Equity Partners and Onex. The deal is expected to close in the second half of the year.

Portfolio Pulse from Michael Juliano

June 10, 2024 | 7:06 pm

HLI

Houlihan Lokey (NYSE:HLI) has significantly outperformed the market over the past 5 years, delivering an average annual return of 23.6%. An initial investment of $100 in HLI stock 5 years ago would now be worth $286.41. The company's current market capitalization is $8.94 billion.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 7:01 pm