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WKC

World Kinect shares surged following the announcement of Q4 adjusted EPS results that exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:22 pm

BLMN

Bloomin' Brands, Inc. (NASDAQ:BLMN) shares rose after reporting Q4 adjusted earnings per share of 75 cents, surpassing the expected 69 cents, despite slightly missing revenue forecasts with $1.194 billion against $1.198 billion expected. The company announced the closure of 36 underperforming restaurants, a quarterly dividend of $0.24 per share, and a new $350 million share repurchase program. FY24 adjusted EPS is projected to be $2.51-$2.66, with 40 to 45 new restaurants expected. The first quarter's adjusted EPS forecast is $0.70-$0.75, impacted by weather affecting U.S. sales and earnings.

Portfolio Pulse from Nabaparna Bhattacharya

February 23, 2024 | 5:20 pm

SPY

In an Axios interview, Fed's Williams stated that further rate hikes are 'not my base case,' but he is open to rethinking this stance if the economic outlook changes materially.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:20 pm

SPY

In an Axios interview, Fed's Williams stated that his view of the economy remains unchanged after January data, indicating things are moving in the right direction. He mentioned that it would be appropriate to cut rates 'at some point,' likely later this year.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:18 pm

BWMX

Betterware De Mexico's shares surged following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:16 pm

ABR

Arbor Realty Trust (NYSE:ABR) has seen a 15.75% increase in its short percent of float since the last report, with 63.90 million shares sold short, representing 35.05% of all shares available for trading. This indicates a bearish market sentiment towards ABR, as an increase in short interest can signal that investors expect the stock price to fall. However, it's also noted that high short interest can sometimes be bullish, as covering short positions can drive the stock price up. ABR's short interest is significantly higher than its peer group average of 4.64%.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:15 pm

YUMC

Yum China Holdings (NYSE:YUMC) has seen a decrease in short interest, now at 1.98% of float, down 5.26% from the last report. With 8.03 million shares sold short, it would take about 2.06 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards YUMC among investors. Compared to its peers, YUMC has a significantly lower short interest percentage of 1.98% against an average of 9.02%, suggesting better performance or sentiment relative to its peer group.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:15 pm

B

Barnes Gr (NYSE:B) has seen a 19.91% increase in short percent of float since its last report, with 926 thousand shares sold short, representing 2.59% of available shares. This indicates a bearish market sentiment towards B, although it has less short interest compared to its peers' average of 5.16%. The increase in short interest doesn't necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 5:15 pm

LILA

Liberty Latin America's shares dropped following the announcement of Q4 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:15 pm

BLX

Banco Latinoamericano (BLX) announced a $50 million repurchase plan and increased its quarterly dividend, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 5:13 pm