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GILD

Gilead Sciences (NYSE:GILD) has seen a 6.41% increase in short interest since the last report, with 18.50 million shares sold short, representing 1.66% of available trading shares. The short interest is below the peer group average of 5.51%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 1:30 pm

GD

General Dynamics (NYSE:GD) has seen a decrease in short interest, with the current level at 1.97 million shares or 0.81% of float. This represents a 4.71% decline since the last report and is below the peer group average of 3.08%. The short interest indicates market sentiment and a decrease suggests investors may be more bullish on GD. It would take 1.65 days to cover short positions based on current trading volume.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 1:30 pm

SPY

Richmond Fed President Thomas Barkin stated that the U.S. Federal Reserve is making significant progress in controlling inflation, with the economy remaining robust. He highlighted that the six-month core Personal Consumption Expenditures (PCE) inflation rate is now just below the Fed's 2% target.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:29 pm

QCOM

SSNLF

The OnePlus 12R is set to launch with a 5,500mAh battery and an energy-efficient '4th Generation LTPO' display, aiming to compete with Samsung's Galaxy S24. OnePlus 12R is expected to offer high-end features at a more affordable price, potentially affecting the smartphone market in Asia, Europe, and the U.S. The OnePlus 12, featuring 24GB RAM and Qualcomm's Snapdragon 8 Gen 3 chipset, was launched in December 2023. Samsung's Galaxy S24, focusing on AI, will be announced at the 'Unpacked' event on Jan. 17, 2024.

Portfolio Pulse from Benzinga Neuro

January 03, 2024 | 1:27 pm

CIVI

Mizuho analyst Nitin Kumar has upgraded Civitas Resources (NYSE:CIVI) from Neutral to Buy and set a price target of $86.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:25 pm

BTCUSD

Cryptocurrency analyst CrediBull is bullish on the current market health, suggesting that the reduction in BTC funding rates and perpetual contract premiums is a sign of a healthy market, not a frothy one. CrediBull believes the market could continue to rally into the approval of a Bitcoin ETF without significant pullbacks. Another analyst, Ali Martinez, sees potential for Bitcoin to push toward $49,000 if it maintains above $44,900. Jim Cramer of CNBC has also expressed a belief in Bitcoin's resilience and staying power. However, CryptoQuant warns of a potential correction around the expected approval of Bitcoin spot ETFs between January 8 and 10, 2024. BTC was trading at $45,143, down 1.3% on Wednesday.

Portfolio Pulse from Mehab Qureshi

January 03, 2024 | 1:24 pm

SSKN

STRATA Skin Sciences (SSKN) has been granted a 180-day extension, until June 24, 2024, by Nasdaq to meet the minimum bid price requirement for continued listing.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 1:16 pm

MPWR

Monolithic Power Systems (NYSE:MPWR) has seen a 15.25% increase in short interest since the last report, with 1.47 million shares sold short, representing 4.08% of available shares. It would take about 3.34 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 near-term price drop. MPWR has a higher short interest than its peer group average of 3.63%.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 1:15 pm

CI

Cigna Group (NYSE:CI) has experienced a 27.47% increase in short interest since its last report, with 3.37 million shares sold short, representing 1.16% of its float. The short interest is below the peer group average of 9.20%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 1:15 pm

NFLX

Netflix's (NFLX) short interest has decreased by 3.86% since the last report, with 9.65 million shares sold short, representing 2.24% of available shares. The short interest is below the peer group average of 7.45%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 1:15 pm