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DOCU

DocuSign (NYSE:DOCU) has seen a 21.14% decrease in short interest since its last report, with 5.37 million shares sold short, representing 3.17% of its float. The average time to cover these short positions is 1.18 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. DocuSign's short interest is below its peer group average of 6.21%.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 4:30 pm

AOS

A.O. Smith Corp (NYSE:AOS) reported Q4 2023 revenue of $988.1 million, a 6% increase Y/Y, surpassing consensus estimates. North American sales grew by 7%, while Rest of World sales increased by 4%. Adjusted EPS was $0.97, beating the $0.96 consensus. The company has a strong cash position and reduced debt, repurchased 4.4 million shares in 2023, and plans to repurchase $300 million worth in 2024. A dividend of $0.32 per share will be paid on February 15. FY24 sales are projected between $3.97 billion and $4.05 billion, with adjusted EPS of $3.90-$4.15. Despite positive results and outlook, AOS shares dropped by 4.09% to $78.00.

Portfolio Pulse from Lekha Gupta

January 30, 2024 | 4:29 pm

Helmerich & Payne's stock is trading higher following the announcement of their Q1 adjusted EPS, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 4:18 pm

HUBB

Hubbell Inc. reported Q4 results that exceeded expectations, leading to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 4:18 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

UPS

USO

Microsoft's (MSFT) earnings report is considered the most important this season, with a focus on AI monetization and cloud revenue growth. Whisper numbers are higher than consensus, indicating potential for a significant stock move. UPS (UPS) reported earnings below whisper numbers, suggesting economic weakness, impacting the broader market. Treasury borrowing plans are lower than expected, raising questions about political motives. Layoffs at UPS and IBM's work-from-home policy are noted. Early trades show positive money flows for MSFT, NVDA, and TSLA, neutral for GOOG and META, negative for AAPL and AMZN, and mixed for SPY and QQQ. Gold (GLD) and oil (USO) are seeing buying from the momo crowd, while smart money is inactive. Bitcoin (BTC) is moving higher with speculative stocks.

Portfolio Pulse from The Arora Report

January 30, 2024 | 4:18 pm

NUE

Nucor Corporation's stock is trading higher following the announcement of their fourth-quarter results, which surpassed market expectations.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 4:16 pm

ATGE

Adtalem Global Education's stock (ATGE) is trading lower after a report indicated that short-seller Fahmi Quadir has taken a short position in the company.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 4:16 pm

KURA

Kura Oncology, Inc. (NASDAQ:KURA) stock rose after reporting a 100% complete remission rate in the first 20 patients of its Komet-007 Phase 1 trial for ziftomenib. The positive preliminary clinical data, combined with a high short interest of 12.57% and heavy trading volume, are driving the stock's performance. The average 1-year price target for KURA is $31.67, with bullish analyst ratings and a street high target of $37 from Wedbush.

Portfolio Pulse from Erica Kollmann

January 30, 2024 | 4:15 pm

RVSN

Rail Vision (NASDAQ:RVSN) stock surged over 40% after announcing the implementation of new AI technology in its Main Line and Switch Yard systems. The company's stock has risen over 1000% in the past month, fueled by retail traders' interest and significant developments, including a key EU approval and a $5 million deal with a U.S. rail contractor. Despite the rapid increase, there is potential for both further gains and a pullback.

Portfolio Pulse from Aaron Bry

January 30, 2024 | 4:11 pm

BLOK

GRDI

MARA

RIOT

Bitcoin mining company GRIID Infrastructure (NASDAQ:GRDI) saw its stock drop 54% in two days after listing on Nasdaq through a merger with SPAC Adit EdTech. The company, which operates in New York and Tennessee, aims to grow its capacity and hash rate. GRIID utilizes 67% carbon-free power and reported $2.6 million in Q3 2023 revenue. The market context includes a $525 million credit facility from Blockchain.com and an upcoming Bitcoin halving event. Other mining stocks like Marathon Digital (NASDAQ:MARA) and Riot Platforms (NASDAQ:RIOT) also experienced declines this year. Analysts from Compass Point Research and Amplify Transformational Data Sharing ETF (NYSE:BLOK) commented on the sector's challenges and potential.

Portfolio Pulse from Murtuza Merchant

January 30, 2024 | 4:10 pm