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Stocks rallied on Tuesday, driven by weaker PMI data and optimism over tech earnings, with the S&P 500, Nasdaq 100, and Dow Jones showing notable gains. The iShares Russell 2000 ETF saw significant growth. Visa Inc. and Tesla Inc. are among the companies anticipated to report earnings. The dollar and Treasury yields fell, while commodities like oil saw a slight increase. Stocks like Spotify Technology surged following earnings beats, with other companies also reacting to recent earnings reports.

Portfolio Pulse from Piero Cingari

April 23, 2024 | 5:33 pm

CMCSA

Comcast's (NYSE:CMCSA) short interest has decreased by 3.25% since the last report, with 46.79 million shares sold short, representing 1.19% of its float. The current short interest suggests a bullish sentiment among investors, as it takes approximately 2.38 days to cover all short positions. Compared to its peers, Comcast has a significantly lower short interest percentage of float, indicating less bearish sentiment among investors towards CMCSA.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 5:30 pm

BX

Blackstone (NYSE:BX) has seen a decrease in short interest, with 19.24 million shares sold short, representing 2.7% of its float. This marks an 18.67% decline since the last report, with a current short coverage time of 6.95 days. This change in short interest could indicate a shift in market sentiment towards Blackstone, potentially signaling increased bullishness among investors. Blackstone's short interest is slightly above its peer group average of 2.69%.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 5:30 pm

WBD

Warner Bros. Discovery's (NYSE:WBD) short interest has increased by 9.05% since the last report, with 110.63 million shares sold short, representing 4.58% of its float. This indicates a bearish market sentiment towards WBD, although it has less short interest compared to its peer group average of 5.92%. The article suggests that an increase in short interest does not necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 5:30 pm

SMCI

Super Micro Computer (SMCI) shares are experiencing an uptick as the market reacts positively after a significant selloff on Friday. This rebound indicates a recovery in investor confidence in SMCI's stock.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 5:23 pm

GEV

GE Vernova shares are trading higher following the Q1 earnings report from GE Aerospace, indicating a positive market response.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 5:22 pm

ALAB

Astera Labs' stock price is on the rise as AI and semiconductor-related stocks recover from a decline experienced on Friday.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 5:22 pm

ARKK

COIN

HOOD

SARK

TARK

Ark Invest, led by Cathie Wood, has seen a significant downturn, with assets under management dropping from $59 billion to $11.1 billion due to high interest rates and investor outflows. The ARK Innovation ETF (ARKK) experienced over $1.3 billion in outflows in 2024. Despite positive returns from Coinbase (COIN) and Robinhood (HOOD), other top holdings underperformed. AXS Investments launched ETFs (SARK, TARK) that short ARKK, seeing substantial returns and increased trading activity following the Silicon Valley Bank fallout.

Portfolio Pulse from Piero Cingari

April 23, 2024 | 5:20 pm

MLI

Mueller Industries' shares experienced an increase in trading following the release of their mixed Q1 results.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 5:19 pm

WFRD

Weatherford International (NYSE:WFRD) has seen a 10.58% decrease in short interest, now at 2.78 million shares or 5.07% of float, taking 4.98 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards WFRD compared to its peers, where the average short interest as a percentage of float is 6.90%.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 5:15 pm