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MGM

MGM Resorts Intl's short interest has increased by 59.01%, with 17.67 million shares sold short, representing 7.68% of its float. This is higher than its peers' average of 4.43%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 8:01 pm

WYNN

Wynn Resorts (NYSE:WYNN) has seen a 10.51% increase in its short percent of float, now at 4.31%. This indicates a bearish sentiment among investors, although its short interest is below the peer group average of 4.57%.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 8:01 pm

VRTX

Vertex Pharmaceuticals (VRTX) has seen a 13.71% decrease in its short percent of float, now at 1.7%. This is lower than its peers' average of 6.15%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 8:00 pm

AMZN

CLIX

FDIS

ONLN

UPS

VCR

XLY

Amazon has announced a $1.50 hourly pay raise for its U.S. fulfillment and transportation workers, increasing the average base wage to $22 per hour. This move represents a $2.2 billion investment in its workforce. The announcement follows similar compensation trends by companies like UPS.

Portfolio Pulse from Michael Juliano

September 18, 2024 | 7:49 pm

SPY

The Federal Reserve's announcement of a rate cut is seen as positive news for Americans who have been affected by high prices. This decision may impact various sectors, including those represented by the SPDR S&P 500 ETF Trust (SPY).

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:43 pm

SPY

Doubleline Capital's Jeffrey Gundlach highlights the housing market as a 'wild card' for inflation and the economy. He suggests that inflation risk is lower compared to employment and consumer risk.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:42 pm

ZBH

Zimmer Biomet Holdings, Inc. (NYSE:ZBH) will phase out its CPT Hip System by the end of 2024 due to high fracture risks, following an FDA warning. The system has a higher fracture rate compared to similar devices, prompting a recall and updated usage instructions.

Portfolio Pulse from Vandana Singh

September 18, 2024 | 7:40 pm

SPY

Jeffrey Gundlach from Doubleline Capital stated in a CNBC interview that the Federal Reserve is not as far behind the curve as it was previously. This suggests a potential stabilization in monetary policy expectations.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:37 pm

SPY

In a CNBC interview, Doubleline Capital's Jeffrey Gundlach stated that investors should not be overly concerned about near-term inflation. He suggests that inflation fears are overblown and that the current economic conditions do not warrant panic.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:33 pm