Latest news for Tribeca Resources (OTC:TRRCF) Stock

Tribeca Resources Corp is a copper exploration company focused on discovering and developing assets in the Coastal IOCG Belt of northern Chile. The company's flagship property is the La Higuera Project which comprises 4,147 hectares of granted mining and exploration licenses and is located towards the southern end of the Chilean Coastal IOCG Belt in the Coquimbo Region of northern Chile.

Tribeca Resources Corp

Principal Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFG#NASDAQ">PFG</a>) reported quarterly earnings of $1.63 per share which missed the analyst consensus estimate of $1.85 by 11.89 percent.

Earnings

Earnings Misses

News

Principal Finl Gr Q2 2024 Adj EPS $1.63 Misses $1.85 Estimate

Boston Beer Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAM#NYSE">SAM</a>) reported quarterly earnings of $4.39 per share which missed the analyst consensus estimate of $5.10 by 13.92 percent. The company reported quarterly sales of $579.100 million which missed the analyst consensus estimate of $597.333 million by 3.05 percent. This is a 4.01 percent decrease over sales of $603.304 million the same period last year.

Boston Beer Co Q2 2024 GAAP EPS $4.39 Misses $5.10 Estimate, Sales $579.100M Miss $597.333M Estimate

<a href="https://www.globenewswire.com/Tracker?data=i0n_G8_JBxbl_zvVP9SE6wkC0C5QIscY93nJEtAqolIJ0FiOQGaTfpWUqtEKpHZjC4vy6pD88N9CKR44DKWJ5VIFZ29_bYTZPuYy4XmyoHcczZHNAZtJODGdi7accdM5">Phillips Edison &amp; Company, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PECO#NASDAQ">PECO</a>) ("PECO"), one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, today announced its acquisition of Des Peres Corners, a grocery-anchored shopping center in Des Peres, Missouri, with Cohen &amp; Steers Income Opportunities REIT, Inc. ("CNSREIT"). The acquisition was made through a programmatic joint venture targeting $300 million in equity and owned 80% by CNSREIT and 20% by PECO. The joint venture will focus on acquiring open-air, grocery-anchored shopping centers and will leverage PECO's deep sector expertise.

PECO

Phillips Edison & Company Acquires Grocery-Anchored Shopping Center In Partnership With Cohen & Steers Income Opportunities REIT; The Acquisition Was Made Through A Programmatic Joint Venture Targeting $300M In Equity And Owned 80% By CNSREIT And 20% By PECO

Juniper Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>) reported quarterly earnings of $0.31 per share which missed the analyst consensus estimate of $0.44 by 29.55 percent. The company reported quarterly sales of $1.19 billion which missed the analyst consensus estimate of $1.25 billion by 4.96 percent. This is a 16.78 percent decrease over sales of $1.43 billion the same period last year.

JNPR

Juniper Networks Q2 2024 Adj EPS $0.31 Misses $0.44 Estimate, Sales $1.19B Miss $1.25B Estimate

Cousins initial commitment is&nbsp;$27.2 million&nbsp;with a potential total commitment of&nbsp;$37.0 million. The loans have initial maturity dates of&nbsp;June 2025&nbsp;and&nbsp;February 2026&nbsp;and carry a current weighted average interest rate of&nbsp;SOFR plus 866 basis points.

Cousins Properties Acquires Two Newly-created Mezzanine Loans From The Existing Lender

FedEx's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) short percent of float has risen 8.48% since its last report. The company recently reported that it has 4.01 million shares sold short, which is 1.79% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.4 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>FedEx Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721938520_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for FedEx 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 FedEx'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>, FedEx'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

How Is The Market Feeling About FedEx?

Investors are increasingly bullish on small-cap stocks, driven by optimistic projections for the interest-rate-sensitive segment of the market to thrive as the market approaches the onset of a <a href="https://www.benzinga.com/topic/interest-rates">Federal Reserve rate cut cycle.</a>
July has been a pivotal month, as small caps significantly outperformed large caps, especially in the tech sector, which dominated during the nearly two-year bull market.
The Russell 2000 index has surged nearly 9% month-to-date compared to a 3.6% decline for the tech-heavy Nasdaq 100 as of July 25.
The performance gap of nearly 13 percentage points in favor of the Russell 2000 over tech marks the best month for the &#8220;long small cap, short tech&#8221; trade since April 2002, highlighting the strength and speed of the ongoing market rotation.
<h3 class="wp-block-heading">Chart: It&#8217;s The Best Month In Over 2 Decades For The &#8216;Long Russell 2000, Short Nasdaq 100&#8217; Trade</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25153006/image-43-1024x487.png" alt="" class="wp-image-457807" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25153006/image-43-1024x487.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25153006/image-43-300x143.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25153006/image-43-768x365.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25153006/image-43-1536x730.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25153006/image-43.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Strong Inflows Into Small-Cap ETFs</h3>
The impressive performance of small-cap stocks has been mirrored by significant inflows into major small-cap-focused ETFs. 
The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), one of the largest ETFs tracking the U.S. small-cap index, saw over $6 billion in net inflows this month, marking the highest influx of 2024 to date, according to data from Etfdb.com.
Several other small-cap ETFs have also drawn considerable investor funds this month:
<ul>
<li>iShares Core S&amp;P Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJR#NYSE">IJR</a>): $645 million in net inflows</li>
<li>Avantis U.S. Small Cap Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVUV#NYSE">AVUV</a>): $553.28 million in net inflows</li>
<li>Invesco S&amp;P SmallCap Momentum ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSMO#NYSE">XSMO</a>): $350 million in net inflows</li>
<li>SPDR Portfolio S&amp;P 600 Small Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPSM#NYSE">SPSM</a>): $188 million in net inflows</li>
</ul>
Year-to-date, the Vanguard Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VB#NYSE">VB</a>) and the Pacer US Small Cap Cash Cows 100 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALF#NYSE">CALF</a>) have attracted the most investor money, with $3.1 billion and $2.9 billion, respectively.
<h3 class="wp-block-heading">A Different Perspective</h3>
Despite the strong performance of the Russell 2000 index and the substantial inflows into small-cap ETFs, some experts urge caution.
&#8220;Investors and analysts are hopeful that the end of the Federal Reserve's tightening cycle will bring better days for smaller companies, particularly those that rely on debt to fund operations. We're not convinced,&#8221; said veteran Wall Street investor Ed Yardeni in a note.
Larger companies, especially in the technology sector, possess advantages that smaller firms cannot easily replicate, he said. 
For instance, major tech firms are sitting on significant cash reserves, enabling them to fund substantial capital expenditures and R&amp;D budgets, maintaining their competitive edge.
To give some examples, Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) sits on a stockpile of cash equalling $111 billion at the end of last quarter. Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) have cash reserves of $87 billion and $80 billion, respectively.
Their financial flexibility allows for strategic acquisitions of smaller companies with important new technology or business lines. Microsoft&#8217;s $10-billion investment in OpenAI, the developer of ChatGPT, last year exemplifies this capability.
Yardeni suggests the fastest-growing, highest-potential companies may have already partnered with large-cap firms or private equity investors.
&#8220;That, of course, implies that the laggards are left to trade in the S&amp;P 400 and S&amp;P 600—suggesting that investors will return to larger-cap alternatives sooner rather than later,&#8221; he said.
Read Now:
<ul>
<li><a href="https://www.benzinga.com/government/24/07/39867425/contrarian-analyst-turns-to-bonds-ahead-of-fed-rate-cuts-presidential-election-maybe-tariffs-deflati">Contrarian Analyst Turns To Bonds Ahead Of Fed Rate Cuts, Presidential Election: &#8216;Maybe Tariffs Deflationary Not Inflationary&#8217;</a></li>
</ul>
Photo created using artificial intelligence via MidJourney.

Equities

Large Cap

Macro Economic Events

Sector ETFs

Broad U.S. Equity ETFs

Econ #s

Economics

Federal Reserve

Markets

Tech

ETFs

AMZN

AVUV

CALF

GOOGL

MSFT

SPSM

XSMO

Investors Go All In On Small Caps, Pour Over $6 Billion Into Russell 2000 ETF This Month: They 'Will Return To Larger-Cap Alternatives,' Veteran Analyst Says

NetApp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NYSE">NTAP</a>) short percent of float has risen 11.76% since its last report. The company recently reported that it has 5.71 million shares sold short, which is 3.23% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.22 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>NetApp Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721938515_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for NetApp 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 NetApp'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>, NetApp's peer group average for short interest as a percentage of float is 6.35%, 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.

NTAP

Peering Into NetApp's Recent Short Interest

Sangamo Therapeutics's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NYSE">SGMO</a>) short percent of float has fallen 17.95% since its last report. The company recently reported that it has 12.73 million shares sold short, which is 6.17% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.18 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>Sangamo Therapeutics Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721938510_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Sangamo Therapeutics 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 Sangamo Therapeutics'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>, Sangamo Therapeutics's peer group average for short interest as a percentage of float is 7.09%, 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.

SGMO

Peering Into Sangamo Therapeutics's Recent Short Interest

WSFS Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSFS#NASDAQ">WSFS</a>) reported quarterly earnings of $3.97 per share which beat the analyst consensus estimate of $1.04 by 281.73 percent. The company reported quarterly sales of $384.60 million which beat the analyst consensus estimate of $174.91 million by 119.89 percent. This is a 111.50 percent increase over sales of $181.84 million the same period last year.

Earnings Beats

WSFS

WSFS Financial Q2 2024 Adj EPS $3.97 Beats $1.04 Estimate, Sales $384.60M Beat $174.91M Estimate

Mohawk Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>) reported quarterly earnings of $3.00 per share which beat the analyst consensus estimate of $2.75 by 9.09 percent. This is a 8.7 percent increase over earnings of $2.76 per share from the same period last year. The company reported quarterly sales of $2.80 billion which missed the analyst consensus estimate of $2.83 billion by 1.02 percent. This is a 5.05 percent decrease over sales of $2.95 billion the same period last year.

Mohawk Industries Q2 Adj $3.00 Beats $2.75 Estimate, Sales $2.80B Miss $2.83B Estimate

Guidance

L3Harris Technologies Raises FY24 EPS Guidance From $12.70-$13.05 To $12.85-$13.15 Vs $12.97 Est.; Revenue Guidance From $20.8B-$21.3B To $21B-$21.3B Vs $21.21B Est.

BTIG analyst Mark Massaro initiates coverage on IDEXX Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDXX#NASDAQ">IDXX</a>) with a Buy rating and announces Price Target of $580.

Price Target

Initiation

Analyst Ratings

IDXX

BTIG Initiates Coverage On IDEXX Laboratories with Buy Rating, Announces Price Target of $580

LPL Finl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPLA#NASDAQ">LPLA</a>) reported quarterly earnings of $3.88 per share which beat the analyst consensus estimate of $3.70 by 4.86 percent. This is a 1.52 percent decrease over earnings of $3.94 per share from the same period last year. The company reported quarterly sales of $2.932 billion which beat the analyst consensus estimate of $2.886 billion by 1.60 percent. This is a 18.75 percent increase over sales of $2.469 billion the same period last year.

LPLA

LPL Finl Hldgs Q2 2024 Adj EPS $3.88 Beats $3.70 Estimate, Sales $2.932B Beat $2.886B Estimate

WSFS Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSFS#NASDAQ">WSFS</a>) reported quarterly earnings of $1.16 per share which beat the analyst consensus estimate of $1.04 by 11.54 percent.

WSFS Financial Q2 2024 Adj EPS $1.16 Beats $1.04 Estimate

Ensign Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSG#NASDAQ">ENSG</a>) reported quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.30 by 1.54 percent. This is a 13.79 percent increase over earnings of $1.16 per share from the same period last year. &nbsp;

ENSG

Ensign Group Q2 2024 Adj EPS $1.32 Beats $1.30 Estimate

L3Harris Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) reported quarterly earnings of $3.24 per share which beat the analyst consensus estimate of $3.17 by 2.21 percent. This is a 9.09 percent increase over earnings of $2.97 per share from the same period last year. The company reported quarterly sales of $5.30 billion which met the analyst consensus estimate. This is a 12.91 percent increase over sales of $4.69 billion the same period last year.

L3Harris Technologies Q2 Adj $3.24 Beats $3.17 Estimate, Sales $5.30B Inline

Ensign Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSG#NASDAQ">ENSG</a>) reported quarterly sales of $1.036 billion which beat the analyst consensus estimate of $1.021 billion by 1.51 percent. This is a 12.44 percent increase over sales of $921.345 million the same period last year.

Ensign Group Q2 Sales $1.036B Beat $1.021B Estimate

DECK

Deckers Brands Increases FY 2025 Diluted EPS Guidance To $29.75 - $30.65; 10% Increase In Net Sales To $4.7B

Bolt-on additions will further enhance Southern Timberlands portfolio and expand footprint in attractive markets
SEATTLE, July 25, 2024 /PRNewswire/ --&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4219523-1&amp;h=1030288948&amp;u=https%3A%2F%2Fwww.weyerhaeuser.com%2F&amp;a=Weyerhaeuser+Company">Weyerhaeuser Company</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WY#NYSE">WY</a>) today announced acquisitions totaling 84,300 acres of high-quality timberlands in Alabama for $244 million. Secured through multiple transactions, the collective acreage is comprised of mature, highly productive timberlands that are well-integrated with existing Weyerhaeuser operations. Additionally, the acquisitions are expected to deliver portfolio-leading cash flow and harvest tons per acre within the company's Southern Timberlands business.

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