Streetbeat News

Stock Prices

EL

Estee Lauder Cos's (NYSE:EL) short interest has decreased by 12.39% since the last report, with 4.60 million shares sold short, representing 1.98% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 6.78%. The decrease in short interest indicates fewer traders are betting against the stock, which could be a positive sign for its short-term price movement.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 2:30 pm

PBR

Petrobras (PBR) stock is down following the release of its first-quarter FY24 financial results, showing a decline in sales, net revenue, and adjusted EBITDA. The company reported lower sales volumes and prices for oil and oil products, particularly diesel, in both domestic and foreign markets. Despite an increase in oil and natural gas production, earnings per ADS missed consensus estimates, and capital expenditure decreased.

Portfolio Pulse from Lekha Gupta

May 14, 2024 | 2:25 pm

AMC

GME

Former SEC Chair Jay Clayton expressed concerns about the recent surge in GameStop (GME) and AMC Entertainment (AMC) stock prices, likening it to gambling rather than investing. The stocks soared nearly 80% on Tuesday, with Clayton questioning the role of social media in investment decisions. The meme stock phenomenon's resurgence has sparked debate over its sustainability and potential risks, despite some analysts, like Jim Cramer, predicting continued strong performance.

Portfolio Pulse from Pooja Rajkumari

May 14, 2024 | 2:20 pm

SPY

Fed Chair Powell indicated that maintaining the current policy rate for an extended period is under consideration, acknowledging the rate's restrictive nature. He expressed uncertainty about whether the current policy is sufficiently restrictive and deemed a rate hike in the near future as unlikely.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:19 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for May 14th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on proprietary analysis. It includes specific price levels for bulls and bears, highlighting potential for breakouts or reversals. The memo also notes the significance of the upcoming April PPI data, a Treasury bill auction, and speeches by Federal Reserve officials, which could impact market volatility.

Portfolio Pulse from RIPS

May 14, 2024 | 2:16 pm

SPY

Fed Chair Powell commented that the recent Producer Price Index (PPI) reading was 'quite mixed', indicating a nuanced view on inflation pressures. This statement could influence market perceptions and monetary policy expectations.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:15 pm

JPM

JPMorgan Chase (NYSE:JPM) has seen a decrease in short interest, now at 0.69% of its float, lower than the peer group average of 1.75%. This reduction suggests a more bullish sentiment among investors towards JPM. The article highlights the importance of tracking short interest as it reflects market sentiment towards a stock.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 2:15 pm

CMCSA

Comcast's (NYSE:CMCSA) short interest has increased by 15.97% since the last report, with 53.51 million shares sold short, representing 1.38% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 12.56% short interest as a percentage of float. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 2:15 pm

BALL

Ball Corporation's (NYSE:BALL) short interest has decreased by 4.3%, now representing 3.56% of its float with 9.86 million shares sold short. It would take about 6.09 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards BALL compared to its peers, where the average short interest is 2.59% of the float.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 2:15 pm

IDAI

T Stamp (NASDAQ:IDAI) reported a narrower Q1 loss of $(0.26) per share compared to $(0.50) YoY, with sales increasing to $574.00K from $458.63K YoY.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:11 pm