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BG

Bunge Global's (NYSE:BG) short interest has increased by 23.45% since the last report, with 4.78 million shares sold short, representing 4.37% of its float. This indicates a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. Compared to its peers, BG has a higher short interest percentage of float (4.37% vs. the peer group average of 1.89%), suggesting more bearish sentiment towards BG than its peers.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 6:00 pm

RGNX

REGENXBIO Inc (NASDAQ:RGNX) reported positive interim results from the Phase 1/2 AFFINITY DUCHENNE trial of RGX-202 for Duchenne muscular dystrophy and from the Phase 1/2/3 CAMPSIITE trial of RGX-121 for Mucopolysaccharidosis Type II (MPS II). RGX-202 showed no serious adverse events and significant microdystrophin expression and CK level reduction, indicating potential clinical improvement. RGX-121 met its primary endpoint with significant reductions in a key biomarker of brain disease activity in MPS II patients. REGENXBIO plans pivotal trials and FDA marketing applications for both treatments in 2024. RGNX shares surged 11.80% to $14.89.

Portfolio Pulse from Vandana Singh

February 07, 2024 | 5:59 pm

XPO

XPO Inc (NYSE:XPO) reported a 6% year-over-year revenue growth for Q4 fiscal 2023, reaching $1.94 billion and surpassing the consensus of $1.92 billion. Despite a decrease in adjusted EPS from $0.98 to $0.77, it beat the consensus of $0.62. Operating income significantly improved to $119 million from $4 million a year ago, with a slight increase in adjusted EBITDA to $264 million. The North American Less-Than-Truckload segment saw an 8.6% revenue increase, while European Transportation revenue grew by 2%. The company ended the quarter with $412 million in cash and expects a gross capex of $700 million to $800 million for 2024. XPO shares surged 17.46% to $115.17.

Portfolio Pulse from Akanksha Bakshi

February 07, 2024 | 5:56 pm

TSM

Taiwan Semiconductor Manufacturing (TSM) shares are trading higher following the announcement of strong net revenue results for January 2024.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 5:52 pm

SPY

Fed's Barkin commented that firms still feel they have slightly more pricing power than before, indicating ongoing confidence in their ability to set prices amidst economic conditions.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 5:52 pm

F

Ford Motor Co (NYSE:F) reported Q4 financial results surpassing analyst estimates, with its Pro segment receiving praise but its EV division raising concerns. Analysts from RBC Capital, Morgan Stanley, and Goldman Sachs provided insights, highlighting the Pro segment's strength and the challenges faced by the EV division. Despite concerns, Ford's shares rose 4.09% to $12.59.

Portfolio Pulse from Chris Katje

February 07, 2024 | 5:50 pm

USO

Oil traders have increased their holdings in crude oil futures to the highest levels in nearly a year, anticipating a price rise despite recent stagnation. The Nymex WTI crude oil futures contract saw a slight increase, trading at $73.83 per barrel, with a 3% rise in early 2024. The United States Oil Fund ETF (USO) also saw a minor uptick. Despite geopolitical tensions in the Middle East, the market remains range-bound, with speculative net positions decreasing since October 2023. U.S. gas prices are rising, with a notable increase in gasoline demand.

Portfolio Pulse from Neil Dennis

February 07, 2024 | 5:49 pm

AMZN

GOOGL

MSFT

Alphabet Inc's Google Cloud is collaborating with Singapore to establish the city-state as a global AI hub, showcasing generative AI solutions at the Explore AI summit. Despite this, Google Cloud faces slowing growth, with analysts predicting further deceleration in revenue growth and potential negative earnings revisions due to high operating expenses. Amazon Web Services leads the U.S. cloud market, followed by Microsoft's Azure and Google Cloud Platform.

Portfolio Pulse from Anusuya Lahiri

February 07, 2024 | 5:46 pm

PNC

PNC Financial Services Group's (NYSE:PNC) short interest has increased by 10.07% since the last report, with 6.06 million shares sold short, representing 1.53% of available shares. It would take approximately 2.8 days to cover these short positions. The rise in short interest suggests a more bearish market sentiment towards PNC, although it doesn't necessarily predict a price drop. PNC's short interest is higher than its peer group average of 0.77%.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 5:45 pm

KDP

Keurig Dr Pepper (NYSE:KDP) has seen a decrease in short interest, with the current short percent of float at 1.21%, down 3.2% from the last report. The company has 11.45 million shares sold short, requiring 1.34 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards KDP compared to its peers, where the average short interest as a percentage of float is 7.84%.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 5:45 pm