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AAL

JP Morgan analyst Jamie Baker has maintained an Overweight rating on American Airlines Group (AAL) and increased the price target from $19 to $22.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:34 pm

EHTH

eHealth, Inc. reported preliminary Q4 and fiscal year 2023 results, leading to a rise in its stock price. The announcement is likely to have a positive impact on investor sentiment as it suggests the company may have performed above expectations.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:32 pm

MSFT

TSLA

Elon Musk's AI company, xAI, is reportedly in talks to raise $6 billion, potentially valuing it at $20 billion. Morgan Stanley is assisting with the fundraising. xAI, with team members from OpenAI, Google Research, Microsoft Research, and DeepMind, is expanding AI efforts with projects like Grok. The funding could face scrutiny due to geopolitical concerns. Musk's wealth has decreased by $30.9 billion in 2024, but he remains the richest person with a $198 billion net worth. He also plans to increase his Tesla stake to 25% for AI integration.

Portfolio Pulse from Chris Katje

January 26, 2024 | 3:30 pm

HAL

Halliburton's (NYSE:HAL) short interest has increased to 21.19 million shares, or 2.68% of float, which is below its peer group average of 7.88%. The rise in short interest suggests that market sentiment may be bearish, but it does not necessarily predict a near-term price drop. It takes traders approximately 3.26 days to cover their short positions based on current trading volume.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 3:30 pm

NKE

Nike's (NYSE:NKE) short interest has increased by 6.82% since the last report, with 13.80 million shares sold short, representing 1.41% of available shares. It would take 1.58 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a price drop. Nike's short interest is below its peer group average of 7.97%.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 3:30 pm

SOUN

SoundHound AI (NYSE:SOUN) has experienced a rise in short interest, with 15.06% of its float being sold short, amounting to 27.18 million shares. This represents a 12.22% increase since the last report and would take approximately 2.95 days to cover based on average trading volume. High short interest can indicate bearish market sentiment but does not necessarily predict a price drop. SoundHound AI's short interest is higher than its peer group average of 7.87%.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 3:30 pm

TKLF

Yoshitsu Co., Ltd. shares have dropped following the announcement of a $4 million registered direct offering and private placement.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:30 pm

PTCT

RBC Capital analyst Brian Abrahams has maintained a 'Sector Perform' rating on PTC Therapeutics (NASDAQ:PTCT) but has reduced the price target from $27 to $22.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:29 pm

LUMN

Lumen Technologies' stock is trading higher following the announcement of an amended and rested transaction support agreement with a group of creditors.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 3:28 pm

LEVI

Levi Strauss & Co (NYSE:LEVI) shares fell in premarket trading after Q4 results. Despite softer revenues and job cuts, an earnings beat was reported due to higher gross margin expansion and a lower tax rate. Analyst Dana Telsey of Telsey Advisory Group maintained an Outperform rating and raised the price target from $16 to $18. The company faces headwinds from the Denizen exit and other factors but expects low single-digit revenue growth for fiscal 2024. All regions showed growth for the first time since 2Q22.

Portfolio Pulse from Priya Nigam

January 26, 2024 | 3:28 pm