Avenue Therapeutics Stock (NASDAQ:ATXI), Trade Ideas

Avenue Therapeutics

Avenue Therapeutics Inc is a specialty pharmaceutical company focused on the development and commercialization of therapies for the treatment of rare and neurologic diseases. It focuses on developing its product candidate, AJ201, for spinal and bulbar muscular atrophy, BAER-101, for the treatment of epilepsy and panic disorders, and IV Tramadol for the management of moderate-to-moderately-severe pain in adults.

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Shares of  Mesoblast Limited (NASDAQ: MESO) rose sharply during Monday’s session after the company announced FDA support of an accelerated approval pathway for rexlemestrocel-L in end-stage heart failure patients.

Mesoblast shares jumped 13.4% to $2.4399 on Monday.

Why Mesoblast Shares Are Trading Higher By 13%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

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Shares of  Fangdd Network Group Ltd. (NASDAQ: DUO) rose sharply in today’s pre-market trading after the company announced its 2024 strategic layout with plans to enter the real estate stock asset services sector.

Fangdd Network Group shares jumped 78.3% to $1.08 in pre-market trading

Why Fangdd Network Group Shares Are Trading Higher By Around 78%; Here Are 20 Stocks Moving Premarket

Avenue Therapeutics Inc

Guidance

Humana Earlier Said "Our 2025 Adj. EPS Growth Outlook Will Be Impacted By Several Variables To Which We Will Not Have Clear Visibility Until Later This Year; We Believe It Is Prudent To Provide More Specific Guidance For 2025 Once We Have Greater Clarity; We No Longer Believe $6 To $10 Of Adj. EPS Growth Is The Appropriate Target Range For 2025"

Stephens &amp; Co. analyst Terry McEvoy reiterates First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) with a Overweight and maintains $28 price target.

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BUSE

Stephens & Co. Reiterates Overweight on First Busey, Maintains $28 Price Target

Tesla Inc. is, leveraging Texas Senate Bill 2038 to de-annex nearly 2,100 acres of its Gigafactory land in eastern Travis County.&nbsp;
The move allows the company to sidestep certain development approvals and city taxes, according to the Austin Business Journal.
The electric vehicle manufacturer's decision follows a revised petition that aligned with the state law effective Sept. 1, leaving the city of Austin with no authority to contest the action.
Senate Bill 2038, pivotal in rural and fringe urban areas, grants landowners the ability to withdraw from a city's extraterritorial jurisdiction. This can significantly impact how cities manage environmental and floodplain regulations.&nbsp;
"Extraterritorial jurisdictions matter in part because they allow cities to enforce environmental and flooding standards," Austin spokesperson Shelley Parks said.
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In 2020, Tesla CEO Elon Musk envisioned an "ecological paradise" on this tract of land, proposing public access to hiking and recreational spaces. Despite these promises, the project's eco-friendly developments remain on hold. Musk's history of contesting regulations is well-known — he previously expressed frustration with various state and federal guidelines that have affected his other business ventures.
Critics like Bill Bunch, an Austin-based attorney and environmental advocate, argue that Tesla's strategic de-annexation undermines local standards.&nbsp;
"We don't have any business extending utilities to people who don't want to meet our standards or pay our taxes," Bunch said, addressing concerns over the city's infrastructure support to Tesla without securing commitments to adhere to local regulations.
The broader implications of SB 2038 are evident as Austin and other Texas cities have seen a surge in de-annexation requests since the law's enactment, totaling 191 petitions by December. The controversy surrounding this legislation has led several municipalities, including Hutto and Lockhart, to challenge its constitutionality in court, although Austin has not yet joined this legal battle.
In nearby Bastrop, developer Alton Butler has used the same law to advance a 546-acre film studio project, illustrating the growing trend and varied applications of the de-annexation law in the region.
Tesla&#8217;s Gigafactory has had a notable economic impact, supporting about 15,000 jobs and contributing millions in taxes, bolstering local economies. However, environmental challenges remain, especially concerning water usage and unfulfilled ecological promises, highlighting a complex balance between economic growth and environmental stewardship.
<h2 class="wp-block-heading">Tesla&#8217;s Future Development Plans and Austin&#8217;s Growing Real Estate Market</h2>
Despite Tesla&#8217;s decision to de-annex its Gigafactory land, which may limit the direct benefits to the city of Austin, the company&#8217;s future development plans are still expected to have a positive impact on Austin&#8217;s real estate market. As Tesla continues to expand its operations and attracts more talent to the area, the demand for housing and commercial real estate is likely to increase.
Tesla&#8217;s presence in the region has already contributed to Austin&#8217;s growing reputation as a hub for innovation and technology. This has attracted other businesses and entrepreneurs to the area, further fueling economic growth and real estate development.
Elon Musk&#8217;s ambitious plans for Austin, including the potential for an &#8220;ecological paradise,&#8221; have captured the attention of investors and residents alike. While the realization of these plans may be uncertain, the mere prospect of such developments has generated excitement and optimism about Austin&#8217;s future.
This optimism is reflected in the growing interest in investment opportunities like the <a href="https://www.benzinga.com/real-estate/23/05/32537165/elon-musk-is-bullish-on-austin-heres-how-to-invest-in-the-citys-growth-before-he-floods-it-with-new">Austin Cityfund</a>. Many investors are betting on the area&#8217;s continued growth and prosperity, driven in part by the presence of companies like Tesla and the vision of influential figures like Elon Musk. By investing in the Austin Cityfund, individuals can participate in the city&#8217;s real estate market and potentially benefit from the long-term growth and appreciation of the area&#8217;s properties.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Elon Musk has reportedly bought 6,000 acres of land just outside of Austin.<a href="https://www.benzinga.com/real-estate/23/05/32537165/elon-musk-is-bullish-on-austin-heres-how-to-invest-in-the-citys-growth-before-he-floods-it-with-new"> Here&#8217;s how to invest in the city&#8217;s growth</a> before he floods it with new tech workers.</li>
</ul>

Real Estate

Elon Musk's Tesla Sidesteps Austin In A Bold Move To De-Annex 2,100 Acres Under Controversial Texas Senate Bill

Serve Robotics Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) said it is expanding its existing agreement with&nbsp;Magna International Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>)<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38401431/serve-robotics-enters-production-agreement-with-magna-to-scale-robot-manufacturing" rel="noreferrer noopener">&nbsp;to boost the adoption of robotics in logistics</a>.
Under the new agreement, Magna will become the exclusive contract manufacturer of Serve&#8217;s delivery robots, effective April 24, aiding Serve&#8217;s aim to deploy up to 2,000 robots on the Uber Eats platform across multiple U.S. markets.
The previous partnership entailed Serve granting Magna a non-exclusive license to its technologies to develop new products in the robotics and logistics space. The financial terms&nbsp;were not disclosed.
&#8220;Following our successful public offering, we are excited to start working to scale our robotic fleet with Magna&#8217;s world-class manufacturing capabilities,&#8221; said CEO Ali Kashani.
&#8220;This collaboration supports the natural progression of our business beyond food delivery and positions our proprietary robotics technology as a platform upon which new robots can be built.&#8221;
Serve Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots to make delivery sustainable and economical.
Backed by&nbsp;Uber Technologies Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and&nbsp;NVIDIA Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Serve became an independent company in 2021.
Serve has scalable multi-year contracts, including a signed agreement to deploy delivery robots on the Uber Eats platform.
Price Action: SERV shares are trading lower by 3.47% at $3.06 at the last check Wednesday.
Photo via Wikimedia Commons

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UBER

Uber-Backed Serve Robotics Expands Production Partnership With Automotive Supplier Magna

UBS Global Research has revised its outlook for the &quot;Big Six&quot; tech companies &mdash; Apple, Amazon, Google-parent Alphabet, Meta, Microsoft, and Nvidia &mdash; from &quot;Overweight&quot; to &quot;Neutral&quot; according to a recent statement by Jonathan Golub, the chief U.S. equity strategist at UBS Investment Bank, according to a source.
In his explanation, Golub said that the downgrade is not based on rich valuations or concerns about the sustainability and momentum of the AI technology. Instead, he pointed out tough comps compared to the pandemic period and cyclical pressures as the headwinds. Golub highlighted that the rapid earnings growth recorded by these tech giants over the past year is now ebbing.
<h3>Will Easy Comps Faced by Big Tech Go Away in 2025?</h3>
UBS indicated that the pandemic initially triggered increased demand for PCs, online shopping and gaming, thus helping those tech stocks&#39; earnings. A reduction in costs and easy comparisons boosted these companies&#39; profits, which peaked in the fourth quarter of 2023. But this jump will be followed by a decline in earnings as the economy gradually gains momentum.
Golub also mentioned that the current analysis does not overlook the influence of AI, cloud computing, or bitcoin mining on tech earnings. The research division of UBS predicts a decline in these companies&#39; EPS growth to 16% in the first quarter of 2025, down from 42% in the corresponding period of this year. UBS expects earnings to normalize going forward.
Let&#39;s discuss some examples:
Nvidia&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) expected sales growth is 17.94% for 2025 versus 74.07% for 2024. Its 2025 expected earnings growth is 13.88% versus 2024&#39;s expectation of 84.72%.
Meta&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) expected sales growth is 12.79% for 2025 versus 18.19% for 2024. Its 2025 expected earnings growth is 15.18% versus 2024&#39;s expectation of 35.71%.
Alphabet&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) expected sales growth is 11.07% for 2025 versus 13.18% for 2024. Its 2025 expected earnings growth is 14.58% versus 2024&#39;s expectation of 16.90%.
Amazon&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) expected sales growth is 11.59% for 2025 versus 11.61% for 2024. Its 2025 expected earnings growth is 30.36% versus 2024&#39;s expectation of 41.38%.
<h3>Time for Non-Cyclical ETFs?</h3>
According to UBS, EPS growth for non-tech companies is expected to surpass that of the Big Six over the next year, as these firms were less affected by the pandemic-induced boom.
The Federal Reserve is also likely to start cutting rates in late 2024 due to the likelihood of cooling inflation. The U.S. economy is showing signs of resilience.
This perspective has bolstered investor confidence, leading to increased investments in sectors like financials and industrials. These areas are deemed safe havens amid the likely Fed rate cuts. Other sectors like consumer staples, utilities and healthcare also appear to be safe bets.
<h3>ETFs in Focus</h3>
Against this backdrop, below we highlight a few safe sector ETFs like Health Care Select Sector SPDR ETF (ARCA:XLV), Industrial Select Sector SPDR ETF (ARCA:XLI), Financial Select Sector SPDR ETF (ARCA:XLF), Consumer Staples Select Sector SPDR ETF (ARCA:XLP) and iShares U.S. Utilities ETF (ARCA:IDU).
<a href="https://www.zacks.com/stock/news/2260842/beyond-big-six-why-choose-non-cyclical-sector-etfs?cid=CS-BENZ-FT-etf_news_and_commentary-2260842">To read this article on Zacks.com click here.</a>

Sector ETFs

Tech

ETFs

AMZN

GOOG

iShares Trust Dow Jones US Utilities Sector Index Fund

Beyond "Big Six:" Why Choose Non-Cyclical Sector ETFs?

Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) has outperformed the market over the past 15 years by 4.16% on an annualized basis producing an average annual return of 16.55%. Currently, Expedia Group has a market capitalization of $18.45 billion. 
Buying $1000 In EXPE: If an investor had bought $1000 of EXPE stock 15 years ago, it would be worth $12,785.65 today based on a price of $135.40 for EXPE at the time of writing.
<h3>Expedia Group's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713972759_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EXPE

Here's How Much $1000 Invested In Expedia Group 15 Years Ago Would Be Worth Today

Stephens &amp; Co. analyst John Campbell reiterates CoStar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) with a Overweight and maintains $105 price target.

CSGP

Stephens & Co. Reiterates Overweight on CoStar Gr, Maintains $105 Price Target

In Boston, where parking is a sport, a sliver of asphalt can cost as much as $500,000 — more than a Ferrari or the $420,357 median sales price of a home in the United States.
Real estate agent Betsy Herald, who has sold three spots for around $500,000 each in the past year, said buyers who are purchasing pricey homes like that don't balk at spending $500,000 for a parking space — they're paying for convenience.
"You have to look at it as a piece of land," Herald told The Boston Globe. "If you look at that parking space and multiply it by 20, you have a developable piece of land in Boston, which is worth a significant amount of money."
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But it's places like Boston, where parking comes at a premium, that it's easiest to live without a car in the first place. And many cities are reforming their parking policies to eliminate mandates requiring parking spaces in new buildings.
Parking reforms are geared toward making housing more affordable, creating walkable neighborhoods and promoting greener, cleaner cities. It's a strategy that seems to be working in Minneapolis, which stopped requiring parking spaces in most new buildings in 2015 and eliminated parking requirements entirely a few years later, according to a <a href="https://e360.yale.edu/features/free-parking-reform">report</a> from the Yale School of the Environment.
"The reforms made housing more affordable and reduced dependence on cars," said Chris Meyer, a Minneapolis planning commissioner and legislative assistant to Minnesota state Sen. Omar Fateh. "They helped us move towards the goal of getting more people and fewer cars in the city, which is what we need to do."
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Parking minimums add tens of thousands of dollars to the cost of new housing units and limit low-rise multifamily and affordable housing development — a concern younger generations worried about high housing costs are voicing.
Without parking mandates, new types of housing like accessory dwelling units (ADUs) are being developed as parking mandates disappear. ADUs now account for 1 in 5 new housing units.&nbsp;&nbsp;
Strategies vary by geographic region. Earlier this year, Minnesota Sen. Omar Fateh announced a bill that would eliminate parking requirements statewide, and parking meter rates in San Francisco now fluctuate monthly according to how difficult it is to find a parking space.
With about three parking spaces per car nationwide, and more in some cities, poorly managed parking supply is a target for environmentalists, who say it's responsible for disappearing natural areas, heat island effects, stormwater flooding, light pollution and the use of large amounts of asphalt and concrete.
Read Next:
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</ul>

Pricey Pavement: Parking Spaces Hit $500K Mark, Outstripping Home Values

Caitlin Clark, selected as the top pick by the Indiana Fever in the WNBA Draft, is on the verge of signing a major shoe deal ahead of her professional debut, further establishing her <a href="http://Caitlin Clark Is No. 1 Pick In WNBA Draft: Media Stocks, Sportsbooks To Watch As Iowa Star Goes Pro">presence in women&#8217;s basketball.</a>
What Happened: Clark set many NCAA scoring records and <a href="https://www.benzinga.com/general/sports-betting/24/03/37973192/caitlin-clark-helping-espn-sportsbooks-how-iowas-success-in-ncaa-tournament-could-help-wom">helped set new heights</a> for NCAA Women's Basketball while at Iowa.
The future WNBA player is now ready to break records with the largest shoe deal in women's basketball history.
Clark will sign a $28 million, eight-year deal with apparel and shoe company Nike, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) <a href="https://apnews.com/article/caitlin-clark-nike-3ea6a96e0b830b66b4680cc5318de9e4">according </a>to the Associated Press, citing The Athletic. The deal will include a signature shoe line for Clark according to reports. 
The deal with Nike averages out to $3.5 million per season and comes as Clark's recent announced WNBA salary has become a <a href="https://www.benzinga.com/general/sports/24/04/38302993/caitlin-clark-will-make-76-000-a-year-at-the-wnba-journalist-asks-is-this-even-a-living-wage">big topic of pay disparity </a>between male and female athletes.
Dave Portnoy, president of Barstool Sports, took to X (formerly Twitter) to express his view that Clark&#8217;s pending deal significantly undervalues her worth. He suggested that a fair valuation would be at least $80 million.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If people want to complain about Caitlin Clark getting screwed complain about this. 8 year 28 million deal is STEALING. 8 years 80 million min is her worth and that&#39;s still prob too cheap. I hope she has an early opt out if they don&#39;t pay up when she blows through this deal. <a href="https://t.co/VNyPg7wPpS">https://t.co/VNyPg7wPpS</a>
&mdash; Dave Portnoy (@stoolpresidente) <a href="https://twitter.com/stoolpresidente/status/1782886051448520962?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Clark will make $76,535 in her first WNBA season, with her next three season salaries listed as $78,066, $85,873 and $97,582 respectively. The salary for Clark pales in comparison to million dollar deals that male athletes get after being drafted.
The new Nike deal also means that Clark will earn 45.7x more from Nike in her first season than she will from her salary.
The women's basketball star has been with Nike since 2022 thanks to a name, image and likeness (NIL) deal while at Iowa. The deal expired after the 2023-2024 season and saw several apparel companies compete for her endorsement.
According to Shams Charania of The Athletic, Clark was <a href="https://twitter.com/BleacherReport/status/1781025492344431023">pursued </a>by Puma, Adidas and Under Armour (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>). The pitch from Under Armour also included their star endorsee and NBA star Steph Curry sitting in on the meeting according to Charania. Under Armour is said to have offered more money per year, but less overall years on a proposed deal.
The deal with Nike will see Clark as only the fourth current WNBA player to have their own signature shoe, joining Breanna Stewart (PUMA), Sabrina Ionescu (Nike) and Elena Delle Donne (Nike).
With Clark generating strong interest, Nike could see a boost in sales through her endorsement deal.
Related Link: <a href="https://www.benzinga.com/news/24/04/38286820/caitlin-clarks-76k-wnba-salary-leaves-even-president-biden-befuddled-with-startling-gender-pay-gap-w">Caitlin Clark&#8217;s $76K WNBA Salary Leaves Even President Biden Befuddled With Startling Gender Pay Gap: What Gives?</a>
What's Next: Clark has yet to play a WNBA game, but is already having a large impact on the professional women's basketball league.
The Fever, along with their WNBA and media partners, are hoping to capitalize on the increased attention from Clark&#8217;s record-setting performance in the 2023-2024 NCAA Women&#8217;s Basketball Tournament.
The 2023-2024 NCAA Women's Basketball Championship game, aired on ABC which is owned by The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), attracted an average of 18.9 million viewers. The viewership peaked at 24.1 million and surpassed the NCAA Men's Basketball Championship game, which had an average viewership of 14.8 million.
In 2023, only 22 of the Fever&#8217;s 40 games were broadcast nationally. However, thanks to the highly anticipated debut season of Clark, this number will significantly increase to 36 of their 40 games in the 2024 season.
Media partners of the WNBA could benefit with Clark&#8217;s debut season and the likely strong viewership that comes with it.
Disney will air eight games across ABC, ESPN and ESPN2, including the May 14 opening game. ESPN aired one Fever game last year. ABC didn't air any games.
Ion, owned by&nbsp;E.W. Scripps Company&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>), will air eight Fever games for the 2024 WNBA season.
CBS, which is a unit of&nbsp;Paramount Global&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>), will air three Fever games during the season.
Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;owned Prime Video will air four Fever games during the season.
NBA-owned streaming platform, NBA TV, will air the Fever 13 times during the season.
NKE Price Action: Nike shares trade at $94.00 versus a 52-week trading range of $88.66 to $128.68. Shares of Nike are down 26% over the last year.
Read Next: Related Link:&nbsp;<a href="https://www.benzinga.com/general/sports-betting/24/02/37186778/exclusive-caitlin-clark-taylor-swifts-impact-more-women-bet-on-sports-womens-basketball-dr" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Caitlin Clark, Taylor Swift's Impact — More Women Bet On Sports, Women's Basketball, DraftKings CEO Says</a>
Photo: Wikimedia

Sports

PARA

PARAA

Caitlin Clark Nears $28M Nike Endorsement: Sneaker Deal 45 Times Her WNBA Salary

JP Morgan analyst Samik Chatterjee maintains Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) with a Underweight and lowers the price target from $18 to $17.

JP Morgan Maintains Underweight on Xerox Holdings, Lowers Price Target to $17

Kenvue's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>) short percent of float has fallen 86.91% since its last report. The company recently reported that it has 34.60 million shares sold short, which is 1.81% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.34 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Kenvue Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713972625_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Kenvue has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Kenvue's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Kenvue's peer group average for short interest as a percentage of float is 6.21%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

KVUE

Looking Into Kenvue's Recent Short Interest

JP Morgan analyst Steven Alexopoulos maintains Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) with a Overweight and lowers the price target from $65 to $63.

JP Morgan Maintains Overweight on Webster Finl, Lowers Price Target to $63

Icahn Enterprises's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEP#NYSE">IEP</a>) short percent of float has fallen 5.98% since its last report. The company recently reported that it has 5.72 million shares sold short, which is 9.43% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.87 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Icahn Enterprises Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713972619_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Icahn Enterprises has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Icahn Enterprises's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Icahn Enterprises's peer group average for short interest as a percentage of float is 16.55%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Icahn Enterprises's Recent Short Interest

Atlassian's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NYSE">TEAM</a>) short percent of float has risen 23.68% since its last report. The company recently reported that it has 5.16 million shares sold short, which is 3.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.82 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Atlassian Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713972614_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Atlassian has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Atlassian's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Atlassian's peer group average for short interest as a percentage of float is 4.37%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

TEAM

Looking Into Atlassian's Recent Short Interest

Stephens &amp; Co. analyst Justin Long maintains Ryder System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) with a Equal-Weight and raises the price target from $113 to $120.

Stephens & Co. Maintains Equal-Weight on Ryder System, Raises Price Target to $120

JP Morgan analyst Jeffrey Zekauskas maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Overweight and lowers the price target from $317 to $315.

JP Morgan Maintains Overweight on Sherwin-Williams, Lowers Price Target to $315

To gain an edge, this is what you need to know today.
<img alt="" src="https://thearorareport.com/wp-content/uploads/2024/04/2024-04-24_08h09_52.png" style="height:340px; width:624px" />
<h3>Musk Lifts Stock Market Sentiment</h3>
Please <a href="https://thearorareport.com/stock-market-chart-analysis-musk-lifts-sentiment-tsla-mc-04242024">click here</a> for an enlarged chart of Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp;The chart of TSLA stock is being used to illustrate the point.</li>
<li>The chart shows that TSLA stock fell to the upper band of the support zone prior to earnings.</li>
<li>The chart shows a big move up after TSLA earnings.</li>
<li>RSI on the chart shows that prior to earnings, TSLA stock was very oversold, and thus it was easy for it to bounce.</li>
<li>TSLA reported earnings significantly worse than both the consensus and whisper numbers.&nbsp;Here are the details:
<ul>
<li>Q1 earnings of $0.45 vs. $0.51 consensus</li>
<li>Q1 revenue of $21.3B vs. $22.15B consensus</li>
<li>GAAP gross margin of 17.4%, down 199 bps year-over-year</li>
<li>Operating expenses up 37% year-over-year</li>
<li>Deliveries declined 8.5% year-over-year.</li>
<li>Guided 2024 vehicle volume &ldquo;notably lower&rdquo; than 2023</li>
</ul>
</li>
<li>Despite the numbers from TSLA earnings, Elon Musk has lifted sentiment in the entire stock market by saying that buying a regular car is like &ldquo;riding a horse and using a flip phone.&rdquo;</li>
<li>Here are the other key points from Musk that are lifting the sentiment in the entire stock market:
<ul>
<li>Tesla is accelerating development of several low priced cars.</li>
<li>Tesla plans to own and deploy a fleet of 1M robotaxis.</li>
<li>Tesla has increased its AI training capacity from 15,000 Nvidia H100 GPU equivalents at the beginning of the year to 40,000 now.&nbsp;Musk is projecting a computing capacity of 85,000 H100 equivalents by the end of the year.</li>
<li>Musk made the most convincing case yet that Tesla is not a car company but an AI company.</li>
<li>Musk&rsquo;s statement is especially boosting AI stocks such as NVIDIA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), Advanced Micro Devices, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>), Super Micro Computer Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>), Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>), Applied Materials, Inc. (NASDAQ:&nbsp; AMAT), and Arm Holdings PLC - ADR (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arm#NASDAQ">ARM</a>).</li>
</ul>
</li>
<li>There are two earnings of note this morning.
<ul>
<li>Boeing Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) earnings are being well received by the stock market.&nbsp;BA stock is up.</li>
<li>Vertiv Holdings Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vrt#NYSE">VRT</a>), a maker of cooling equipment for AI servers, is rocketing after better than expected earnings.</li>
</ul>
</li>
<li>The new data on durable orders is strong.&nbsp; Here are the details:
<ul>
<li>Durable orders came at 2.6% vs. 1.8% consensus.</li>
<li>Durable goods ex-transport came at 0.2% vs. 0.3% consensus.</li>
</ul>
</li>
<li>The U.S. Treasury will conduct a record auction of $70B of five year Treasuries.&nbsp;We will be carefully watching the results and will let you know if a canary in the coal mine develops.&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>It is important for investors to carefully watch longer duration Treasury auctions due to the second blunder that the Fed has committed.&nbsp;The second blunder is Powell&rsquo;s press conference in December 2023. &nbsp;</li>
<li>Of note is that yesterday, the Treasury conducted a record auction of $69B of two year Treasuries.&nbsp;The auction was excellent with yield coming at 4.898%, lower than expected.&nbsp;The reason is that investors are shifting money from money market funds to two year Treasuries.&nbsp;&nbsp;</li>
</ul>
</li>
</ul>
<h3>Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>), Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>), NVDA, and TSLA.
In the early trade, money flows are neutral in Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>).
In the early trade, money flows are negative in Alphabet Inc Class C (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (ARCA:SPY) and Invesco QQQ Trust Series 1 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).
<h3>Momo Crowd And Smart Money In Stocks</h3>
The momo crowd is buying stocks in the early trade.&nbsp;Smart money is inactive in the early trade.
<h3>Gold</h3>
The momo crowd is buying gold in the early trade.&nbsp;Smart money is inactive in the early trade.
For longer-term, please see gold and silver ratings.
The most popular ETF for gold is SPDR Gold Trust (ARCA:GLD).&nbsp;The most popular ETF for silver is iShares Silver Trust (ARCA:SLV).&nbsp;
<h3>Oil</h3>
API crude inventories came at a draw of 3.23M barrels vs. a consensus of a build of 1.8M barrels.
The momo crowd is buying oil in the early trade.&nbsp;Smart money is inactive in the early trade.
For longer-term, please see oil ratings.
The most popular ETF for oil is United States Oil ETF (ARCA:USO).
<h3>Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3>Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp;The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp;When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp;High beta stocks are the ones that move more than the market.
<h3>Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of seven year duration or less.&nbsp;Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter">Generate Wealth Newsletter</a>.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

$BTC

AAPL

MSFT

Musk Lifts Sentiment In Entire Stock Market By Saying A Regular Car Is Like "Riding A Horse"

Rumors

PENN

Watching PENN Entertainment; Traders Circulating Unconfirmed Rumor Greenlight Has A New Big Position In The Co

Stephens &amp; Co. analyst Mike Scialla maintains Range Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>) with a Overweight and raises the price target from $41 to $42.

Stephens & Co. Maintains Overweight on Range Resources, Raises Price Target to $42

JP Morgan analyst Steven Alexopoulos maintains Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) with a Overweight and lowers the price target from $110 to $108.

PNFP

JP Morgan Maintains Overweight on Pinnacle Finl Partners, Lowers Price Target to $108

Avenue Therapeutics signs warrant exercise transactions for $5.0M in proceeds

Avenue Therapeutics files to sell 33.08M shares of common stock for holders

In a report released yesterday, Jason McCarthy from Maxim Group maintained a Buy rating on Avenue Therapeutics (ATXI – Research Report), with a pri...

Buy Rating Affirmed for Avenue Therapeutics Amid Strong Prospects for IV Tramadol and Strategic Growth Potential

Avenue Therapeutics Inc (ATXI) has released an update. Avenue Therapeutics, Inc. shareholders have approved a significant expansion of the company'...

Avenue Therapeutics Shareholders Approve Stock Capacity Hike

Avenue Therapeutics granted extension for Nasdaq compliance

Avenue Therapeutics GAAP EPS of -$0.98 misses by $0.01

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Avenue Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/atxi-stock-quote/">ATXI</a>) just reported results for the fourth quarter of 2023.<ul><li>Avenue Therapeutics reported earnings per share of 56 cents. This was above the analyst estimate for EPS of -10 cents.</li><li>The company did not report any revenue for the quarter.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/03/atxi-stock-earnings-avenue-therapeutics-for-q4-of-2023/">ATXI Stock Earnings: Avenue Therapeutics Beats EPS for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

ATXI Stock Earnings: Avenue Therapeutics Beats EPS for Q4 2023

Avenue Therapeutics (ATXI) has disclosed a new risk, in the Regulation category. Avenue Therapeutics faces substantial regulatory challenges due to...

Navigating the Maze: Avenue Therapeutics Grapples with Regulatory Hurdles for IV Tramadol

Maxim Group analyst Jason McCarthy maintained a Buy rating on Avenue Therapeutics (ATXI – Research Report) yesterday and set a price target of $0.7...

Avenue Therapeutics' AJ201: A Buy Rating for Innovative SBMA Treatment and Promising Clinical Progress

Avenue Therapeutics drops 9% on 1-for-75 reverse split

Health Care

Press Releases

Avenue Therapeutics Reaches Final Agreement with the U.S. FDA for the Phase 3 Safety Study for IV Tramadol

Avenue Therapeutics Enters into Warrant Exercise Transactions for $5.0 Million in Proceeds

Avenue Therapeutics to Present at Sidoti January Micro-Cap Investor Conference

Events

Sidoti Events, LLC's Virtual January Micro-Cap Conference

Avenue Therapeutics Announces Publication in Drug Development Research Highlighting First-In-Class Preclinical Data of BAER-101 in a Translational Model of Absence Epilepsy

Avenue Therapeutics to Present BAER-101 Preclinical Data at American Society for Experimental Neurotherapeutics (ASENT) 2024 Annual Meeting

Avenue Therapeutics Receives Positive Listing Determination from Nasdaq

Avenue Therapeutics Reports Full Year 2023 Financial Results and Recent Corporate Highlights

Avenue Therapeutics to Host Virtual Key Opinion Leader (KOL) Event on April 4, 2024