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DISH

SATS

DISH Network Corporation (NASDAQ:DISH) shares are experiencing an uptrend following a post-earnings drop in early November. The recovery is attributed to Hamid Akhavan, CEO and president of EchoStar Corp (NASDAQ:SATS), joining DISH as president and CEO, and the FCC's approval for the transfer of control of DISH and its subsidiaries to EchoStar. The merger will recombine the two entities. EchoStar is set to replace DISH in the S&P SmallCap 600 before trading opens on January 2, coinciding with the expected completion of the acquisition. DISH shares were up 7.64% at $5.70, and SATS shares were up 7.29% at $16.18 at the time of publication.

Portfolio Pulse from Ryan Gustafson

December 28, 2023 | 8:14 pm

CMCSA

DIS

FOX

PARA

The Hollywood strike in 2023 led to a significant drop in fall broadcast viewership for major networks due to a lack of new scripted content. ABC, owned by Walt Disney Co (NYSE:DIS), was an exception with a 15% increase in viewership, thanks to 'The Golden Bachelor' and sports programming. CBS, owned by Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA), suffered the most with a 32% decline. Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA) experienced a 27% drop, while NBC, owned by Comcast Corporation (NASDAQ:CMCSA), saw a 4% decrease. Sports content, particularly NFL games, played a significant role in mitigating the impact. CBS found success with 'NCIS: Sydney,' which was added to the lineup due to the strike. The return of most series in 2024 is expected to boost content availability.

Portfolio Pulse from Chris Katje

December 28, 2023 | 8:14 pm

AMD

ANET

CRWD

NOW

NVDA

PCOR

PSTG

SNPS

Marc Chaikin, founder of Chaikin Analytics, is bullish on AI-enhanced software companies and predicts the S&P 500 rally will continue into 2024. He sees AI-driven companies as key players, especially during earnings season. Chaikin's optimism is based on January's positive start, which historically suggests a favorable year. He expects any S&P 500 pullbacks to be modest. Chaikin highlights tech sector companies like ServiceNow, Synopsys, Pure Storage, and Procore Technologies as ones to watch, with Pure Storage's partnership with NVIDIA and Procore's competition with Autodesk. He also sees potential in 'secondary tech stocks' like Arista Networks and CrowdStrike Holdings. Chaikin picks AMD in the semiconductor space and warns of a potential bond market sell-off if the Fed doesn't cut rates in March. He advises monitoring China's economic impact on global inflation and supply chains.

Portfolio Pulse from Surbhi Jain

December 28, 2023 | 8:00 pm

CMG

Chipotle Mexican Grill (NYSE:CMG) has seen a decrease in short interest, with the short percent of float dropping 9.15% since the last report. The company has 704 thousand shares sold short, which is 2.58% of available shares for trading. The current short interest is lower than the peer group average of 9.17%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 8:00 pm

INTU

Intuit (NYSE:INTU) has seen a 9.8% rise in short interest since the last report, with 4.57 million shares sold short, representing 1.68% of available shares. It would take 2.94 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Intuit's short interest is below its peer group average of 3.52%.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 8:00 pm

A

Agilent Technologies (NYSE: A) has seen a decrease in short interest, with the short percent of float dropping 11.06% since the last report. The company has 5.23 million shares sold short, representing 2.01% of available shares, with a cover time of 2.49 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average short interest of 5.95%.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 8:00 pm

RBLX

Roblox Corporation (NYSE:RBLX) has experienced a 13.87% increase in short interest since its last report, with 22.09 million shares sold short, representing 5.5% of its float. The average time to cover these short positions is 2.26 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Roblox has a higher short interest compared to its peer group average of 3.66%.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 7:45 pm

CVS

CVS Health (NYSE:CVS) has seen a decrease in short interest, with the current level at 14.84 million shares or 1.15% of float, down 4.96% since the last report. The short interest is lower than the peer group average of 9.20%. A decrease in short interest can indicate a more bullish sentiment towards the stock, but it does not necessarily predict a price rise.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 7:45 pm

NUE

Nucor Corporation (NYSE:NUE) has seen a decrease in short interest, with the short percent of float dropping 3.36% since the last report. The company has 5.30 million shares sold short, representing 2.88% of available shares, with a cover time of 3.08 days. This decline in short interest may indicate a more bullish sentiment among investors compared to Nucor's peers, which have an average short interest of 4.60% of float.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 7:45 pm

BJDX

CING

CTSO

DOYU

MBOT

VLD

U.S. stocks closed higher with the Dow Jones gaining over 100 points. Utilities shares led gains, while energy shares lagged. Microbot Medical, Cingulate, and DouYu International saw significant share price movements after company-specific news. Conversely, Cytosorbents, Bluejay Diagnostics, and Velo3D experienced sharp declines. Crude oil inventories dropped significantly, exceeding market expectations. Economic data showed a rise in jobless claims and a widening trade deficit in goods, while wholesale inventories and pending home sales remained relatively stable.

Portfolio Pulse from Avi Kapoor

December 28, 2023 | 7:32 pm