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Stock Prices

CVLT

Commvault's stock (CVLT) is trading higher after Keybanc upgraded the stock from Sector Weight to Overweight and set a $109 price target, following the company's Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:51 pm

SPY

Fed Chair Powell stated that there was no proposal to cut rates at the recent meeting, and September's forecasts reflect the FOMC's current stance. He emphasized that a rate cut was not actively considered and there is a significant range of opinions within the committee.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:50 pm

TSLA

A Delaware judge voided Elon Musk's 2018 compensation plan for Tesla, worth over $55 billion. Wedbush analyst Daniel Ives, who has an Outperform rating on Tesla with a price target of $315, called the situation a 'tornado' for Tesla's board. The board must decide whether to appeal, replace the package, or create a new one. Ives expects a statement from the board within 24 hours and believes a new compensation plan is needed to secure Musk's leadership through the EV and AI growth phase. Tesla shares were up 0.67% to $192.87 following the news.

Portfolio Pulse from Chris Katje

January 31, 2024 | 7:49 pm

AMD

AMD CEO Lisa Su emphasized the significant AI opportunity for the company, predicting a $400 billion total addressable market by 2027. Despite beating Q4 revenue estimates and meeting EPS expectations, AMD's stock price declined. The company has raised its AI accelerator guidance and expects AI chip revenue to exceed $3.5 billion this year. Su believes there is room for many companies to succeed in AI due to the massive demand.

Portfolio Pulse from Adam Eckert

January 31, 2024 | 7:47 pm

SPY

Fed Chair Jerome Powell indicated that in a scenario where the economy remains healthy with a strong labor market, the Federal Reserve can afford to be cautious regarding the timing of interest rate cuts. This suggests a careful approach to monetary policy adjustments to avoid disrupting a stable economic environment.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:47 pm

BLNK

Blink Charging (NYSE:BLNK) has seen an 11.2% increase in short interest since the last report, with 22.25 million shares sold short, representing 37.74% of available shares. The short interest is above the peer group average of 7.72%. High short interest can indicate bearish market sentiment but can also lead to bullish outcomes in certain scenarios.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 7:45 pm

VERA

Vera Therapeutics (NYSE:VERA) has seen a decrease in short interest, with 6.05 million shares sold short, representing 17.98% of its float. The short interest has fallen by 3.75% since the last report, and it would take about 7.98 days to cover all short positions. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. Vera Therapeutics has a higher short interest compared to its peer group average of 11.66%.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 7:45 pm

VLO

Valero Energy (NYSE:VLO) has seen a decrease in short interest, with the short percent of float falling 6.79% since the last report. The company has 8.96 million shares sold short, representing 3.02% of available shares. The average time to cover these short positions is 3.27 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Valero has a lower short interest compared to its peer group average of 8.56%.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 7:45 pm

MTCH

Match Group's stock is up following the release of their Q4 financial results, which exceeded expectations. Additionally, the company has announced a $1 billion share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:43 pm

SPY

Federal Reserve Chairman Jerome Powell indicated that there is a consensus among the committee members that it will be appropriate to reduce interest rates. This statement suggests a potential shift in monetary policy to address economic conditions.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:42 pm