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OTIS

Otis Worldwide (NYSE:OTIS) has seen a 6.54% increase in short interest since the last report, with 4.68 million shares sold short, representing 1.14% of available shares. It would take about 1.92 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Otis has less short interest compared to its peers, with an average of 3.36% short interest as a percentage of float. This rise in short interest does not necessarily predict a near-term decline in stock price.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:30 pm

HON

Over the past 15 years, Honeywell Intl (NASDAQ:HON) has delivered an average annual return of 12.97%, outperforming the market. A $1000 investment in HON 15 years ago would be worth $6,260.43 today. Honeywell's market cap stands at $135.36 billion, with a current stock price of $205.32.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:30 pm

HAL

Halliburton (NYSE:HAL) has seen a 26.42% increase in short interest since its last report, with 19.29 million shares sold short, representing 2.44% of its float. The short interest is below the peer group average of 7.01%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. It takes traders approximately 2.26 days to cover their short positions based on current trading volume.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:30 pm

BCS

Barclays (NYSE:BCS) has experienced a significant increase in short interest, with a 671.43% rise since the last report, reaching 19.45 million shares shorted, which is 0.54% of the float. The short interest is still below the peer group average of 0.84%. High short interest can indicate bearish market sentiment but does not necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 8:30 pm

JNPR

Juniper Networks, Inc. (NYSE:JNPR) stock has risen approximately 20% since hitting a 52-week low in October, outperforming the market even during broader U.S. market sell-offs. The company has made significant strides by deploying its solutions with Digital Edge, the City of Las Vegas, and Arirang TV. On Wednesday, JNPR shares increased over 3% despite a market pullback.

Portfolio Pulse from Ryan Gustafson

January 03, 2024 | 8:30 pm

SHW

Sherwin-Williams shares are trading lower following a downgrade by Baird from Outperform to Neutral, despite an increase in the price target from $270 to $300.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 8:26 pm

CLF

IE

TMC

ZEUS

Ivanhoe Electric (IE) announced that its Executive Chairman and CEO will participate in the Future Minerals Forum, showcasing its Typhoon system and supporting its JV with Ma'aden. Cleveland-Cliffs (CLF) is raising prices for its steel products, with hot-rolled steel starting at $1,150 per ton. Olympic Steel (ZEUS) promoted Zachary J. Siegal to President of Manufactured Metal Products. TMC The Metals Company (TMC) supports the 2024 National Defense Authorization Act, which could benefit its seafloor polymetallic nodules exploration for battery metals.

Portfolio Pulse from Austin DeNoce

January 03, 2024 | 8:23 pm

SOI

Stifel analyst Stephen Gengaro has maintained a Buy rating on Solaris Oilfield Infrastructure (NYSE:SOI) but has reduced the price target from $12 to $10. This adjustment reflects a change in valuation that could impact investor expectations for SOI's stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 8:22 pm

LI

NIO

TSLA

XPEV

Goldman Sachs initiated coverage on Li Auto Inc (NASDAQ:LI) with a Buy rating and a price target of $52.90, suggesting a 52.9% upside. Analyst Tina Hou highlighted Li Auto's strong position in China's NEV market, innovative technology, and robust growth prospects with new model launches and an expanding sales network. Risks include market demand fluctuations and competition. Goldman is neutral on NIO Inc due to decreasing market share and a mature product lineup. Li Auto's growth is underscored by a 182% year-on-year increase in deliveries, with over 50,000 cars in December 2023.

Portfolio Pulse from Surbhi Jain

January 03, 2024 | 8:21 pm

FWBI

First Wave BioPharma, Inc. (NASDAQ:FWBI) shares surged after the company announced a non-binding agreement to sell its niclosamide program for inflammatory bowel diseases, with a low seven-figure upfront payment, future milestones, and royalties. The deal is expected to close in the first half of 2024. Additionally, FWBI will acquire ImmunogenX in an all-stock transaction, focusing on advancing a GI pipeline with late-stage clinical assets, also expected to close in the first half of 2024. The company recently underwent a 1-for-20 reverse stock split.

Portfolio Pulse from Erica Kollmann

January 03, 2024 | 8:21 pm