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QQQ

TQQQ

ProShares UltraPro QQQ (TQQQ) shares are trading flat ahead of the Federal Reserve's interest rate decision. The ETF corresponds to three times the daily performance of the NASDAQ-100 (QQQ) ETF. Changes in interest rates can significantly impact the valuation of tech and internet-related stocks that make up the NASDAQ-100 Index. The consensus view is that the Fed will likely maintain its current interest rates.

Portfolio Pulse from Henry Khederian

September 20, 2023 | 3:37 pm

PAYX

Paychex (NASDAQ:PAYX) has outperformed the market over the past 10 years by 1.01% on an annualized basis, producing an average annual return of 11.11%. If an investor had bought $1000 of PAYX stock 10 years ago, it would be worth $2,871.65 today.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:31 pm

ABNB

RDFN

ZG

The Barbie Malibu Dreamhouse, available on Airbnb, requires a high credit score and significant financial backing for purchase. Real estate firms estimate its worth differently, with RubyHome approximating it at $10 million, while Zillow Group and Redfin Corp assess it to be around $5.3 million and $3.3 million, respectively.

Portfolio Pulse from Bibhu Pattnaik

September 20, 2023 | 3:05 pm

VZ

Verizon Communications (NYSE:VZ) has seen unusual options activity, with a large bearish position being taken. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $33.0 to $50.0 for Verizon Communications over the last 3 months. Citigroup upgraded its action to Buy with a price target of $40 while Oppenheimer downgraded its action to Outperform with a price target of $43.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:02 pm

MKRUSD

Cryptocurrency Maker (MKR) has seen a price increase of 3.4% in the last 24 hours, reaching $1,311.35. This continues its positive trend over the past week, with a 14.0% gain. The trading volume for the coin has risen 44.0% over the past week, while the circulating supply has decreased 0.21%, bringing the circulating supply to 901 thousand. The current market cap ranking for MKR is #40 at $1.18 billion.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:00 pm

AZO

A significant investor has taken a bearish stance on AutoZone (NYSE:AZO), with 72% of recent trades being bearish and 27% bullish. The trades include 8 puts totaling $378,170 and 3 calls totaling $156,950. The targeted price range for AutoZone over the last 3 months has been $2300.0 to $2800.0. The current price of AZO is up 2.8% at $2544.54. Several financial institutions have maintained their positive ratings on AutoZone, with price targets ranging from $2670 to $3006.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 2:47 pm

AKAN

Akanda Corp. (NASDAQ:AKAN) has entered a purchase deal for farming land and related operations and licenses with 1107385 B.C. LTD. The company plans to issue a non-refundable payment of $1.8 million, potentially in common shares. The deal gives Akanda the right to develop the property for two years, with plans to develop THC and CBD facilities. Additional payments will be made based on milestones achieved from the development.

Portfolio Pulse from Jelena Martinovic

September 20, 2023 | 2:33 pm

SPY

UNG

USO

USA gasoline inventories have seen a draw of 0.831M, contrasting with an estimated build of 0.317M and a prior build of 5.560M.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 2:31 pm

SPY

UNG

USO

The Energy Information Administration (EIA) reported a draw of 2.867 million in weekly distillates stocks, compared to an estimated build of 0.217 million and a prior build of 3.931 million.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 2:30 pm

PANW

Palo Alto Networks's (NYSE:PANW) short percent of float has risen 5.43% since its last report, with 20.17 million shares sold short, which is 6.8% of all regular shares available for trading. It would take traders 3.56 days to cover their short positions on average. The company has more short interest than most of its peers, with an average of 5.02%.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 2:30 pm