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KRE

NYCB

Veteran value investor Tim Melvin remains bullish on regional banks despite their worst performance since March 2023, citing 'ridiculously cheap valuations' as a buying opportunity. Melvin specifically addressed the sell-off of New York Community Bancorp (NYCB), which fell 42%, and the broader sector, as represented by the SPDR S&P Regional Banking ETF (KRE), which fell 7%. He highlighted the unique situation of NYCB due to its systemic bank status and stricter regulations. Melvin also discussed the divergent impact of commercial real estate exposure and predicted a loan reset that would benefit small-town real estate. He criticized the pessimism surrounding regional bank stocks and sees consolidation within the banking sector as a necessary evolution.

Portfolio Pulse from Piero Cingari

February 02, 2024 | 8:47 pm

ROST

Ross Stores (NYSE:ROST) has seen a decrease in short interest, with the short percent of float falling 5.71% since the last report, now at 1.32% of all shares available for trading. This indicates a potential shift in market sentiment towards the stock, as a decrease in short interest can signal increased bullishness among investors. Ross Stores has a lower short interest compared to its peer group average of 16.28%, suggesting less bearish sentiment towards ROST compared to its peers.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:45 pm

KHC

Kraft Heinz (NYSE:KHC) has seen a 6.83% increase in short interest since its last report, with 26.68 million shares sold short, representing 2.97% of its float. This indicates a bearish sentiment among investors, although it's not a definitive predictor of stock performance. Compared to its peers, KHC has a lower short interest percentage of 2.97% versus the peer group average of 4.51%, suggesting less bearish sentiment relative to its peers.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:45 pm

CPT

Camden Prop Trust (NYSE:CPT) has seen a 5.11% increase in its short percent of float since the last report, with 2.19 million shares sold short, representing 2.88% of available shares. This indicates a bearish sentiment among investors, although it doesn't necessarily predict a price drop. Camden Prop Trust has a higher short interest than its peer group average of 2.78%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:45 pm

META

JP Morgan analyst Doug Anmuth has maintained an Overweight rating on Meta Platforms (NASDAQ:META) and increased the price target from $420 to $535. This adjustment reflects a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 8:38 pm

ELF

e.l.f. Beauty (NYSE:ELF) has seen a mix of bullish and bearish sentiment in its options market, with 45% of trades being bullish and 54% bearish. The options trading has targeted a price range of $127.0 to $200.0. Currently, ELF's stock is slightly down by -0.46% at $161.75, with an RSI suggesting it may be overbought. Analysts have set an average price target of $169.8, with ratings ranging from Strong Buy to Equal-Weight. The largest options trades include calls with strike prices between $150.00 and $200.00.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:31 pm

SNPS

Recent options trading trends for Synopsys (NASDAQ:SNPS) show a bearish sentiment among investors, with 69% of trades being bearish. The trading activity suggests a target price range of $450.0 to $640.0. Notable trades include bearish calls and puts with significant total trade prices and varying open interests. Synopsys, a provider of electronic design automation software, has seen its stock price slightly increase by 0.22% to $541.18, with indicators suggesting it may be approaching overbought territory. The next earnings report is expected in 19 days.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:31 pm

FERG

Over the past 5 years, Ferguson (NYSE:FERG) has delivered an average annual return of 22.66%, outperforming the market by 10.0% annually. A $1000 investment in FERG 5 years ago would now be worth $2,777.04, showcasing the impact of compounded returns on investment growth. Ferguson's current market capitalization stands at $38.60 billion.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:30 pm

ARES

Ares Management (NYSE:ARES) has significantly outperformed the market with an annualized return of 41.95% over the past 5 years, turning a $1000 investment into $5,853.65 today. The company's market capitalization stands at $23.07 billion.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:30 pm

TSCO

Evercore ISI Group analyst Oliver Wintermantel has maintained an Outperform rating on Tractor Supply (NASDAQ:TSCO) and increased the price target from $240 to $250.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 8:24 pm