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Stock indexes closed higher, driven by a surge in semiconductor and AI stocks following NVIDIA's positive earnings report. Block and Intuit are set to report their earnings after the market close.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 8:48 pm

KEX

Kirby Corporation's (NYSE:KEX) short interest has decreased by 10.36%, now representing 1.73% of its float with 1.01 million shares sold short. It would take approximately 3.78 days to cover these short positions. This decline in short interest could indicate a more bullish sentiment towards KEX among investors. Compared to its peers, Kirby has a lower short interest percentage of 1.73% against an average of 3.98%, suggesting it may be performing better or viewed more favorably than its competitors.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 8:45 pm

COP

ConocoPhillips (NYSE:COP) has seen a decrease in short interest, now at 1.02% of its float, lower than the peer group average of 6.45%. This reduction from 11.96 million shares suggests a more bullish sentiment among traders, as it now takes 2.21 days on average to cover short positions.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 8:45 pm

HLI

Houlihan Lokey's (NYSE:HLI) short interest has decreased by 24.78% since the last report, with 1.75 million shares sold short, representing 3.37% of its float. This decrease in short interest could indicate a more bullish sentiment towards HLI among traders. The current short interest is below the peer group average of 4.82%, suggesting HLI is less shorted compared to its peers.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 8:45 pm

UBER

Recent unusual options activity in Uber Technologies (NYSE:UBER) indicates a bearish sentiment among deep-pocketed investors, despite a divided general mood with 35% bullish and 64% bearish. The activity includes 53 extraordinary options activities, with a price window eyed from $30.0 to $90.0. Significant trades include both bullish and bearish calls with expiration dates in 2025. Uber's current market status shows a 3.98% increase in price at $79.48, with RSI indicators suggesting it may be approaching overbought. Analysts have set an average price target of $83.8, with varying ratings from Buy to Market Outperform.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 8:30 pm

INDV

Indivior's shares surged following its fourth-quarter earnings report. The company is considering a transition to a primary listing in the U.S. by 2024, initiating shareholder consultations.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 8:30 pm

ANET

Over the past 5 years, Arista Networks (NYSE:ANET) has produced an average annual return of 30.83%, outperforming the market by 18.15% annually. A $1000 investment in ANET 5 years ago would now be worth $3,850.48. Arista Networks currently has a market capitalization of $81.30 billion.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 8:30 pm

RSG

Over the past 15 years, Republic Services (NYSE:RSG) has delivered an average annual return of 15.97%, turning a $1000 investment into $8,408.88. With a current market capitalization of $57.40 billion, RSG has outperformed the market by 2.27% on an annualized basis.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 8:30 pm

BA

Boeing Co (NYSE:BA) announced a leadership shake-up following a 737 Max 9 incident and regulatory scrutiny. Shares fell 20% since the incident. The FAA has increased oversight. New appointments include Uma Amuluru as HR officer and Katie Ringgold as VP of the 737 MAX program. Analysts view the changes positively but question if they are sufficient to restore confidence. Bank of America maintains a Neutral rating on Boeing with a $225 price target.

Portfolio Pulse from Neil Dennis

February 22, 2024 | 8:28 pm

FAZE

Shares of FaZe Holdings are trading higher following the approval of a merger with GameSquare by the company's stockholders. This strategic move is expected to enhance the company's market position and financial strength.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 8:22 pm