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VZ

Verizon Communications (NYSE:VZ) has seen a decrease in short interest, with the short percent of float dropping by 4.69% since the last report. The company has 51.40 million shares sold short, which is 1.22% of all shares available for trading. The current short interest is lower than the peer group average of 2.11%. 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 22, 2023 | 8:45 pm

ABNB

Airbnb's (NYSE:ABNB) short interest has decreased by 6.34% since the last report, with 23.48 million shares sold short, representing 5.47% of its float. The average time to cover these short positions is 5.65 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Airbnb's short interest is below its peer group average of 7.73%. Short interest levels can be a market sentiment indicator, but do not necessarily predict near-term price movements.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 8:45 pm

BK

Bank of New York Mellon (NYSE:BK) has seen a decrease in short interest, with the short percent of float dropping 7.44% since the last report. The current short interest is 8.61 million shares, or 1.12% of available shares, with a cover time of 1.91 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average of 3.12% short interest as a percentage of float.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 8:45 pm

ANSS

SNPS

ANSYS shares have risen after reports emerged that Synopsys is in discussions to acquire the company. This news could indicate a significant change in the competitive landscape of the software industry, particularly in the electronic design automation (EDA) sector where both companies operate.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 8:36 pm

SNPS

Synopsys shares are trading lower after reports emerged that the company is in discussions to acquire Ansys.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 8:34 pm

ARKK

COIN

CRSP

META

PATH

RBLX

ROKU

SQ

TSLA

ZM

Cathie Wood, CEO of ARK Invest, predicts deflation in 2024, leading to aggressive rate cuts by the Federal Reserve. She emphasizes a focus on innovation and technological advancements, particularly in AI and gene editing technologies. ARK's flagship fund, ARK Innovation ETF (ARKK), has seen a 70% year-to-date increase and is diversifying its portfolio. Wood has shown renewed interest in Meta Platforms Inc. (META) and highlighted the potential of CRISPR Therapeutics. Coinbase Global Inc. (COIN) has become ARK's top holding, surpassing Tesla Inc. (TSLA). Other key holdings include UI Path Inc. (PATH), Zoom Video Communication Inc. (ZM), Roku Inc. (ROKU), Block Inc. (SQ), Roblox Corp. (RBLX), and CRISPR Therapeutics AG (CRSP).

Portfolio Pulse from Piero Cingari

December 22, 2023 | 8:32 pm

HD

Over the past 15 years, Home Depot (NYSE:HD) has delivered an average annual return of 19.75%, outperforming the market by 7.78%. A $100 investment in HD stock 15 years ago would be worth $1,479.80 today. Home Depot's market capitalization currently stands at $346.99 billion.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 8:30 pm

DELL

Dell Technologies (NYSE:DELL) has delivered an average annual return of 26.99% over the past 5 years, outperforming the market by 13.0% annually. A $100 investment in DELL 5 years ago would be worth $330.24 today. Dell's market cap stands at $53.73 billion.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 8:30 pm

ANSS

SNPS

Synopsys is reportedly in discussions to acquire Ansys, a company valued at nearly $30 billion. If successful, the deal would create a major player in the design-software industry. The acquisition could be finalized early in 2024, but there is still a possibility that the talks may not lead to a deal or that another buyer may step in.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 8:26 pm

BRKH

Blaize, a provider of AI solutions for edge computing, is set to go public through a merger with BurTech Acquisition Corp. (NASDAQ: BRKH). The transaction values Blaize at $894 million and is expected to provide at least $70 million in proceeds to accelerate Blaize's product roadmap and capitalize on business opportunities. Blaize has a strong customer pipeline and strategic investors like DENSO and Mercedes Benz. The merger is expected to close in Q2 2024, subject to approvals and conditions.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 8:18 pm