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CIZN

OXY

TER

Recent insider purchases in Occidental Petroleum, Teradyne, and Citizens Holding indicate confidence in these companies. Warren Buffett's significant acquisition of Occidental Petroleum shares and analyst support highlight its potential. Teradyne's insider buy comes amid mixed financial results and cautious guidance. Citizens Holding sees insider buying despite a reported net loss, suggesting potential undervalued status.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 6:17 pm

AAPL

BRK-B

Berkshire Hathaway Inc (NYSE: BRK-B), led by Warren Buffett, is nearing a $1 trillion valuation, largely due to its substantial investment in Apple Inc (NASDAQ:AAPL). In 2023, Berkshire's stock rose 14%, and it has continued to climb in 2024, with a 7% surge in January and nearly 2% in February. The company's Q4 earnings report is highly anticipated after Q3 earnings exceeded expectations. The stock is approaching the significant $400 resistance level, closing at $390.76 on February 5.

Portfolio Pulse from Zaheer Anwari

February 06, 2024 | 6:15 pm

VMC

Vulcan Materials (NYSE:VMC) has seen an increase in short interest, now at 1.82 million shares or 1.54% of float, higher than its last report. This represents a 3.36% rise and takes approximately 2.78 days to cover based on trading volume. Short interest is a key indicator of market sentiment, and an increase suggests a more bearish outlook by investors. Vulcan's short interest is above its peer group average of 1.15%, indicating more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:15 pm

OPEN

Opendoor Technologies (NYSE:OPEN) has seen a 5.41% increase in its short percent of float since the last report, reaching 13.63% of all shares available for trading. With 74.75 million shares sold short, it would take about 4.06 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards OPEN, although it doesn't necessarily predict a near-term price drop. Compared to its peers, OPEN has a higher short interest, suggesting more bearish sentiment than average within its peer group.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:15 pm

BRBR

BellRing Brands (NYSE:BRBR) has seen a decrease in short interest, now at 2.46% of its float, down 18.54% from the last report. With 2.50 million shares sold short, it would take about 1.78 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards BRBR compared to its peers, where the average short interest is 6.27%.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:15 pm

LIN

Linde's shares experienced an increase following the announcement of their Q4 financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 6:15 pm

MSGS

Madison Square Garden Sports Corp. (NYSE:MSGS) shares rose after reporting Q2 fiscal 2024 revenue of $326.89 million, surpassing Wall Street's estimate of $325.72 million, despite an 8% year-over-year decline. The decrease in revenue was partially offset by higher local media rights fees and league distributions, even as the Knicks and Rangers played nine fewer home games. Earnings per share were $0.59, above the $0.55 estimate, but adjusted operating income fell 43% year over year. The company ended the quarter with $41.23 million in cash and equivalents. MSGS shares increased by 4.65% to $190.28.

Portfolio Pulse from Nabaparna Bhattacharya

February 06, 2024 | 6:11 pm

LYSCF

MP

The merger discussions between Australia's Lynas Rare Earths Ltd (LYSCF) and U.S.-based MP Materials Corp (MP) have been officially terminated. This decision ends speculation about the creation of a rare earths leader, which could have challenged China's dominance in the market. China controls approximately 87% of the global refining capacity for rare earths, a market where both companies are significant players outside of China. Despite the potential benefits of consolidating supply and strengthening Western supply chains, concerns about the strategic value and regulatory hurdles led to the termination of talks.

Portfolio Pulse from Stjepan Kalinic

February 06, 2024 | 6:04 pm

GFF

Griffon Corporation (NYSE:GFF) is scheduled to release its quarterly earnings report on February 7, 2024. Analysts predict an EPS of $0.75. The company's past performance shows a history of beating EPS estimates, which has sometimes led to positive stock price movements the following day. Shares of Griffon have increased by 49.11% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders. Investors will be particularly attentive to the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:02 pm

ENTA

Enanta Pharma (NASDAQ:ENTA) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $-1.19. Historical data shows that the company's stock price reacts more significantly to guidance than to earnings beats or misses. Last quarter, ENTA beat the EPS estimate, resulting in an 11.52% stock price increase the following day. However, over the last year, ENTA's shares have declined by 75.66%, indicating potential investor concern ahead of the earnings announcement.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 6:02 pm