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NEE

NextEra Energy's (NYSE:NEE) short interest has increased to 19.19 million shares, representing 0.94% of its float, with a 6.82% rise since the last report. It would take 2.16 days to cover these short positions. This rise in short interest can indicate a bearish market sentiment towards NEE, although it has less short interest compared to its peer group average of 2.54%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on a decline.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:15 pm

DKS

Dick's Sporting Goods (NYSE:DKS) has seen a 9.79% increase in short interest, now at 6.14 million shares or 13.01% of float, taking 5.78 days to cover. This rise indicates a more bearish market sentiment towards DKS, though it has less short interest compared to its peers' average of 14.83%. Short interest can be a bullish or bearish indicator, depending on market conditions and investor strategies.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:15 pm

STEM

Stem, Inc. (NYSE:STEM) has seen a decrease in short interest, with the short percent of float falling 6.95% to 27.3%. This indicates a reduction in bearish sentiment among traders, as it now takes them 11.13 days on average to cover their short positions. Despite this decrease, Stem's short interest remains higher than its peer group average of 12.55%, suggesting a mixed market sentiment.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:15 pm

SPY

S&P Futures have reached a new level at 4,997.25, indicating a potential shift in market sentiment and possibly affecting related assets like SPY.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 8:11 pm

CDNS

A significant bearish sentiment has been observed in the options market for Cadence Design Systems (NASDAQ:CDNS), with a notable volume of options trades indicating a price target range of $200 to $310. The analysis of volume and open interest suggests institutional or wealthy individual involvement, with a mix of bearish and bullish positions but a predominance of bearish sentiment. Cadence Design Systems, a key player in electronic design automation, is currently experiencing a stock price increase and is approaching its earnings announcement.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:01 pm

ONTO

Onto Innovation (NYSE:ONTO) has significantly outperformed the market with an annualized return of 43.2% over the past 5 years, growing a $100 investment to $607.85. The company's market capitalization stands at $8.00 billion.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:01 pm

UFPI

UFP Industries (NASDAQ:UFPI) has significantly outperformed the market with an annualized return of 30.36% over the past 5 years, turning a $1000 investment into $3,754.46. The company now has a market capitalization of $7.07 billion.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:00 pm

SPOT

Joe Rogan has secured a new deal with Spotify, potentially worth up to $250 million, to continue his podcast on the platform, as reported by the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:59 pm

EIS

USO

Yemen's Houthi rebels launched ballistic missiles targeting Israel's Eilat, marking a significant escalation in regional tensions. The event could impact global oil markets and security-related assets.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:41 pm

AMZN

META

Stocks have rebounded following the Federal Reserve's decision on Wednesday, with major indexes showing higher values. The rebound is attributed to strength in Meta and Amazon, alongside positive economic data.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:38 pm