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First Pacific Bancorp is engaged in the banking business. The bank offers custom financial solutions for individuals and businesses. The bank offers services such as mobile banking, consumer loans, personal online banking, personal savings and checking plans, business professional services, cash management services, and additional financial services among others. Its principal source of revenue is providing loans to customers, who are small and middle-market businesses and individuals.

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Ecovyst shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 revenue guidance below estimates. Also, the company issued FY24 and Q3 EPS guidance below estimates.

Ryan Reynolds, the charismatic actor behind the beloved anti-hero Deadpool, has proven he&#8217;s not just a force to be reckoned with on screen. His recent business ventures have shown he&#8217;s equally adept at navigating the corporate world, <a href="https://www.benzinga.com/general/24/01/36875491/ryan-reynolds-co-owned-or-sold-companies-are-valued-at-14-billion-but-he-says-thank-god-i-am-not-run">even if he claims he&#8217;s winging it.</a>
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Although he may be incredibly successful in his ventures, selling two companies for nearly $2 billion in four years, Reynolds insists he's not an entrepreneur. In an interview with the Wall Street Journal, Reynolds said, &#8220;I wouldn&#8217;t characterize myself as an entrepreneur. I would characterize myself as someone who has found a couple of different things in life that I believed in with every cell in my body, and this is one of them.&#8221;&nbsp;
Reynolds&#8217; journey into entrepreneurship began with his investment in Aviation American Gin in 2018. As spokesman and creative director, his witty marketing campaigns propelled the brand to become the second-largest super-premium gin in the U.S. In 2020, Diageo acquired Aviation Gin for up to $610 million, netting Reynolds a substantial payday.
See Also: America's construction sites are desperate for Robots —<a href="https://www.benzinga.com/money/apis-cor"> here&#8217;s how to invest in a house-printing startup who&#8217;s making them and be a part of a $16 trillion industry</a>.
But it was his investment in Mint Mobile that really turned heads. In 2019, Reynolds acquired a 25% stake in the budget wireless provider. His involvement, which included starring in numerous advertising campaigns, helped skyrocket the company&#8217;s revenue by nearly 50,000% between 2017 and 2020. The payoff? T-Mobile acquired Mint Mobile for a <a href="https://www.benzinga.com/startups/24/05/38811005/ryan-reynolds-sold-mint-mobile-for-1-35-billion-now-hes-invested-in-the-apparel-company-for-travis-k">staggering $1.35 billion</a>, with the deal officially closing on May 1, 2024, after receiving regulatory approval.
Reynolds&#8217; business acumen doesn&#8217;t stop there. He <a href="https://www.benzinga.com/news/23/07/33247440/ryan-reynolds-and-rob-mcelhenney-used-only-their-fame-and-star-power-for-the-218-million-alpine-f1-r">co-owns Wrexham AFC</a>, a Welsh football club that has gained international attention. His advertising agency, Maximum Effort, continues to produce viral campaigns. And his latest venture, a partnership with clothing company Homage, has launched a &#8220;Threadpool&#8221; collection featuring Deadpool-inspired designs.
What&#8217;s the <a href="https://www.benzinga.com/news/23/08/34013043/how-ryan-reynolds-made-over-450-million-from-aviation-gin-and-mint-mobile-despite-admitting-hes-no-w">secret to his success</a>? Reynolds attributes it to his willingness to learn and take risks.&nbsp;
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In an interview with Entrepreneur&#8217;s Editor-in-Chief Jason Feifer, Reynolds shared, &#8220;I always say that you can&#8217;t be good at something unless you&#8217;re willing to be bad. And as I&#8217;ve gotten older, I&#8217;ve gotten way more comfortable with not having the answers.&#8221; He added, &#8220;I think it&#8217;s such a great tool of leadership to be able to say, &#8216;I don&#8217;t know.&#8217; The worst leaders I&#8217;ve ever worked with or been around are the ones who are steadfast and indignant in their righteousness, and really worried about their image. So I love saying, &#8216;I don&#8217;t know.'&#8221;
Reynolds also believes in the power of constraints and problem-solving. &#8220;You&#8217;ve got to give yourself some guardrails,&#8221; he said. &#8220;Problems are our best friends, because they really inspire ideas and ways to create.&#8221;
See Also: This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a>
His latest venture, a partnership with the clothing company Homage, has launched the &#8220;Threadpool&#8221; collection, featuring a range of Deadpool-inspired designs. This collection includes 18 custom-designed T-shirts, each priced at $32, and it's already creating quite the buzz among fans.
As Reynolds continues to expand his business portfolio, he&#8217;s proving that a combination of star power, clever marketing, and a dash of self-deprecating humor can go a long way in the business world. Whether he&#8217;s cracking jokes on screen or in the boardroom, Ryan Reynolds is redefining what it means to be a Hollywood entrepreneur. The world eagerly anticipates what industry he&#8217;ll shake up next.
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</ul>

Startups

Ryan Reynolds Sold 2 Companies For $2 Billion – Now He's Investing In Clothing: 'Can't Be Good At Something Unless You're Willing To Be Bad'

United Parcel Service's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) short percent of float has fallen 8.04% since its last report. The company recently reported that it has 13.31 million shares sold short, which is 1.83% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.18 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>United Parcel Service Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722525321_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for United Parcel Service 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 United Parcel Service'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>, United Parcel Service's peer group average for short interest as a percentage of float is 4.32%, 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

Trading Ideas

Peering Into United Parcel Service's Recent Short Interest

PulteGroup's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) short percent of float has risen 14.82% since its last report. The company recently reported that it has 6.82 million shares sold short, which is 4.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.53 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>PulteGroup Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722525316_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PulteGroup 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 PulteGroup'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>, PulteGroup's peer group average for short interest as a percentage of float is 10.17%, 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.

How Is The Market Feeling About PulteGroup?

Manhattan Associates's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NYSE">MANH</a>) short percent of float has risen 20.74% since its last report. The company recently reported that it has 1.76 million shares sold short, which is 3.9% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.37 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>Manhattan Associates Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722525311_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Manhattan Associates 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 Manhattan Associates'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>, Manhattan Associates's peer group average for short interest as a percentage of float is 3.33%, which means the company has more 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.

MANH

(MANH) - Analyzing Manhattan Associates's Short Interest

Weekly jobless claims rose in the week ending July 27 to a 2024 high. Is this a signal for the state of <a href="https://www.benzinga.com/topic/unemployment">the labor market</a> or simply noise?
The Data: The U.S. Department of Labor <a href="https://www.dol.gov/ui/data.pdf">released</a> its weekly jobless claims report on Thursday, returning numbers worse than expected.
The figure for seasonally-adjusted initial claims was 249,000, an increase of 14,000 from the previous week&#8217;s unrevised level of 235,000. Experts expected this week&#8217;s number to clock in at 236,000.
This is the highest reading since August 2023 and a sharp increase from the 2024 low of 189,000 in January.
Economist Reactions: The initial jobless claims report precipitated mixed reactions from experts. University of Pennsylvania Wharton Professor Mohamed A. El-Erian quickly turned his sights to <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/40044042/job-openings-hold-steady-in-june-ahead-of-crucial-july-labor-market-data-why-this">Friday&#8217;s jobs report</a>.
&#8220;The upside beat in US weekly jobless claims — up 14,000 to 249,000 — heightens interest in tomorrow&#8217;s more comprehensive monthly jobs report,&#8221; El-Erian <a href="https://x.com/elerianm/status/1818994544001810924">posted</a> on X. &#8220;This comes at a time when there is growing awareness of the labor market&#8217;s crucial role in America&#8217;s continued economic exceptionalism.&#8221;
Parker Ross, Global Chief Economist at Arch Capital Group, <a href="https://x.com/Econ_Parker/status/1819003539215012057">expressed</a> concern at the jobless claim uptrend but noted other confounding factors affecting the data.
&#8220;There are several confounding factors that prevent a clear read from this data in recent weeks, including the timing of the Independence Day holiday, Hurricane Beryl, auto retooling in Michigan, and the new Minnesota law that allows hourly workers to claim UI benefits during the summer,&#8221; Ross said.
Liz Young Thomas, Head of Investment Strategy at SoFi, <a href="https://x.com/LizThomasStrat/status/1818997365723853287">reacted</a> similarly.
&#8220;This seems worrying from a bird&#8217;s eye view, but there could be some residual seasonality skewing things&#8211;unadjusted claims are only marginally higher than last year or 2017-19 levels.&#8221;
Why it Matters: The Bureau of Labor Statistics will release its closely followed jobs report on Friday.
Unemployment <a href="https://fred.stlouisfed.org/series/UNRATE">was</a> 4.1% in June, up from 3.6% a year prior. If unemployment rises to 4.2%, it will trigger the recessionary <a href="https://www.benzinga.com/economics/24/07/40046690/if-unemployment-rises-to-4-2-in-july-it-would-trigger-this-key-recessionary-indicator">Sahm rule indicator</a>.
An especially poor jobs report could induce the Federal Reserve to cut rates by 50 basis points instead of the expected 25. The odds of two September rate cuts jumped to 17.5% on Thurday morning <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">per</a> CME FedWatch.
The S&amp;P 500 and Nasdaq Indexes hovered around even at the time of writing. This perhaps indicates a teetering between euphoria at the prospect of multiple rate cuts and concern over the labor market. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) was up 1.27%.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/07/40066427/us-private-employment-rises-by-122-000-in-july-misses-estimates-if-inflation-goes-back-up-it-wont-be">US Private Employment Rises By 122,000 In July, Misses Estimates: &#8216;If Inflation Goes Back Up, It Won&#8217;t Be Because Of Labor&#8217;</a></li>
</ul>
Image: Unsplash

Econ #s

Economics

Federal Reserve

iShares Trust Barclays 20+ Year Treasury Bond Fund

Weekly Jobless Claims Rise To 2024 High: Is The Number Signal Or Noise Ahead Of Friday's Jobs Report?

CRAI

CRA International shares are trading lower. The company reported Q2 financial results.

Stifel analyst Mark Kelley maintains Match Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) with a Hold and raises the price target from $34 to $39.

News

Price Target

Analyst Ratings

MTCH

Stifel Maintains Hold on Match Group, Raises Price Target to $39

DA Davidson analyst Jeffrey Rulis maintains Alerus Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRS#NASDAQ">ALRS</a>) with a Neutral and raises the price target from $20 to $23.

ALRS

DA Davidson Maintains Neutral on Alerus Finl, Raises Price Target to $23

RBC Capital analyst Ashish Sabadra reiterates Automatic Data Processing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>) with a Sector Perform and maintains $267 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Automatic Data Processing, Maintains $267 Price Target

DA Davidson analyst Matt Summerville maintains Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) with a Buy and raises the price target from $120 to $140.

DA Davidson Maintains Buy on Modine Manufacturing, Raises Price Target to $140

Stifel analyst Simon Yarmak maintains Marriott Vacations (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VAC#NYSE">VAC</a>) with a Buy and lowers the price target from $117 to $108.

Stifel Maintains Buy on Marriott Vacations, Lowers Price Target to $108

Stifel analyst Matthew Sheerin maintains Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) with a Hold and raises the price target from $250 to $270.

LFUS

Stifel Maintains Hold on Littelfuse, Raises Price Target to $270

ETSY

Etsy shares are trading lower after the company reported Q2 financial results. Also, multiple firms lowered their respective price targets on the stock.

DA Davidson analyst Michael Shlisky maintains BlueLinx Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) with a Buy and raises the price target from $121 to $137.

DA Davidson Maintains Buy on BlueLinx Hldgs, Raises Price Target to $137

Toyota July US Sales 181,894 Vehicles, Down 5.1% YoY

Stifel analyst J. Bruce Chan maintains Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Hold and lowers the price target from $164 to $160.

LSTR

Stifel Maintains Hold on Landstar System, Lowers Price Target to $160

DA Davidson analyst Linda Bolton Weiser maintains Herbalife (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLF#NYSE">HLF</a>) with a Neutral and raises the price target from $9.5 to $13.

DA Davidson Maintains Neutral on Herbalife, Raises Price Target to $13

Rapid7 shares are trading lower after Baird downgraded the stock from $56 to $45.

Stifel analyst Simon Yarmak maintains Host Hotels &amp; Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HST#NASDAQ">HST</a>) with a Buy and lowers the price target from $22 to $21.

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