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NXE

NexGen Energy (NYSE:NXE) reported its Q4 earnings on March 7, 2024, missing estimated earnings by -100.0% with an EPS of $-0.06 versus an estimate of $-0.03. Revenue remained unchanged from the same period last year. Following a similar miss last quarter, the share price dropped by 5.0% the next day.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 1:20 pm

VGK

The Eurozone's interest rate decision for March remains unchanged at 4.50%. VGK, an ETF that tracks European stocks, is directly mentioned in relation to this news.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:16 pm

MS

Morgan Stanley's (NYSE:MS) short interest has decreased by 13.43% since the last report, with 14.59 million shares sold short, representing 1.16% of its float. This decrease in short interest could indicate a more bullish sentiment towards MS among investors. Compared to its peers, MS has a lower short interest percentage of float, with an average of 5.11% among its peers, suggesting a relatively positive outlook.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 1:15 pm

CW

Curtiss-Wright's (NYSE:CW) short interest has increased by 5.56%, with 320,000 shares sold short, representing 0.95% of its float. This indicates a bearish sentiment among investors, although it's lower than its peer group average of 3.44% short interest. The article suggests that an increase in short interest doesn't necessarily predict a price drop and can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 1:15 pm

ECL

Ecolab's (NYSE:ECL) short interest has increased by 21.79% since the last report, with 2.37 million shares sold short, representing 0.95% of its float. This indicates a bearish market sentiment towards ECL, although it has less short interest compared to its peers' average of 3.86%. The rise in short interest does not necessarily predict a near-term price fall but suggests increased bearish sentiment among traders.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 1:15 pm

KR

Kroger's stock price increased following the announcement of their fourth-quarter earnings per share (EPS) surpassing analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:15 pm

FLT

FLEETCOR Technologies, Inc. (NYSE:FLT), a leading global payments company, announced it will rebrand to Corpay and adopt a new ticker symbol 'CPAY' starting March 25, 2024. The rebranding reflects the company's focus on corporate payment solutions. FLEETCOR, an S&P 500 company serving over 800,000 business customers with 2023 revenues of $3.75 billion, is the top B2B commercial Mastercard issuer in North America and was named to Newsweek's list of Top 100 Most Loved Workplaces.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:14 pm

VTYX

Ventyx Biosciences shares surged following the announcement of a $100 million private placement of common stock.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:13 pm

CPG

Crescent Point Energy Corp. (CPG) has received approval from the Toronto Stock Exchange to initiate a normal course issuer bid (NCIB) to buy back up to 61,663,522 common shares, or 10% of its public float, starting March 11, 2024, and ending March 10, 2025. The buyback will occur through the TSX, NYSE, and alternative trading systems, potentially at market price or a discount via private agreement. An automatic purchase plan will be used during blackout periods. As of February 29, 2024, Crescent Point has a public float of 616,635,222 shares. The company aims to enhance shareholder value through share repurchases as part of its capital return framework.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:13 pm

AEO

American Eagle Outfitters (AEO) shares surged following the announcement of better-than-expected Q4 earnings and a promising three-year revenue outlook. The company's strategic forecast has positively impacted investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:12 pm