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Stock Prices

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

Eni Inc. (NYSE:E) stock price dropped by 0.47% to $34.03 in the current market session, but has seen an increase of 2.28% over the past month and 18.27% over the past year. The company's P/E ratio of 9.92 is higher than the industry average of 9.22, which could suggest that investors expect better future performance or that the stock is overvalued.

Portfolio Pulse from Benzinga Insights

December 28, 2023 | 7:30 pm

AIQ

BOTZ

IRBO

Ben Henry-Moreland of Kitces.com discusses the limitations of AI in replacing human financial advisors due to fiduciary responsibilities. SEC regulations require advisors to understand the technology they use, but the complexity of AI tools makes this challenging. AI can serve as a 'digital analyst' to aid advisors, but cannot fully replace them due to the need for human judgment in financial decision-making. The article mentions ETFs BOTZ, AIQ, and IRBO as investment vehicles in the AI space.

Portfolio Pulse from Surbhi Jain

December 28, 2023 | 7:22 pm

DIA

GDX

IWM

PENN

QQQ

SPY

TAN

TLT

USO

XLE

XLU

The S&P 500 and Dow Jones Industrial Average edged up by 0.1%, while the Nasdaq 100 mirrored this performance with a significant yearly gain. The iShares Russell 2000 ETF (IWM) is down 0.3%, and the iShares 20+ Year Treasury Bond ETF (TLT) declined by 0.6%. Gold remains stable, crude oil tracked by the United States Oil Fund (USO) fell by 1%, and Bitcoin dropped 2.3% after Cathie Wood sold her Grayscale Bitcoin Trust shares. The SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), and Invesco QQQ Trust (QQQ) are steady. Utilities sector ETF (XLU) is up, while the Energy sector ETF (XLE) is down. The Invesco Solar ETF (TAN) gains, and the VanEck Gold Miners ETF (GDX) falls. AMD leads gains in large-cap tech, while crypto-related stocks show mixed reactions. Penn Entertainment (PENN) rallies after a hedge fund seeks board nomination authority.

Portfolio Pulse from Piero Cingari

December 28, 2023 | 7:17 pm

DIA

QQQ

SPY

Historical data suggests that the S&P 500 often outperforms in presidential election years, with an average return of 10.5% over the last 16 election years, excluding the global financial crisis and dot-com bubble. The SPDR S&P 500 ETF Trust (SPY) has seen a 23.7% increase since Biden's presidency began. The Dow Jones Industrial Average, tracked by the SPDR Dow Jones Industrial Average ETF Trust (DIA), has had mixed results in election years, with an average return of 5.4%. The Nasdaq 100, often tracked by the Invesco QQQ Trust Series 1 (QQQ), has an average return of 7.4% in election years since its creation in 1985. The performance of these indexes during election years is a point of interest for voters and has been highlighted by both Biden and Trump.

Portfolio Pulse from Chris Katje

December 28, 2023 | 7:16 pm

CSCO

EXTR

FFIV

JNPR

Needham analyst Alex Henderson reiterated a Buy rating on Extreme Networks Inc (EXTR) with a $23 price target, predicting a strong comeback in CY24. Despite a slow start expected due to tough comparisons, Henderson anticipates growth reassertion and margin expansion to drive EXTR shares higher. The inventory correction is seen as temporary, with normalization expected over the next quarters. Henderson forecasts solid operating margin expansion and robust cash flow. He also notes that EXTR is undervalued compared to peers Cisco Systems (CSCO), Juniper Networks (JNPR), and F5 (FFIV), and has better growth prospects with strong EPS and cash flow growth. EXTR shares were trading higher by 1.35% to $17.98.

Portfolio Pulse from Anusuya Lahiri

December 28, 2023 | 7:13 pm

AAOI

AMZN

BCHG

BFTIX

BITF

BTBT

CVNA

FBCG

GOOGL

INTC