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GM

STLA

Rep. Alexandria Ocasio-Cortez has criticized Ford Motor Co. CEO Jim Farley for increasing executive compensation while not adequately addressing worker concerns amid the ongoing United Auto Workers (UAW) union strike. The UAW demands include up to a 40% increase in general pay over four years, end to varying tiers of wages, a shorter workweek with full pay, and restoration of traditional defined-benefit pensions. General Motors Co. and Ford have both proposed a 20% boost in pay, while Stellantis NV made a 17.5% offer.

Portfolio Pulse from Ananya Gairola

September 16, 2023 | 8:35 am

RBT

Rubicon Technologies has announced a 1-for-8 reverse stock split. This action is typically taken by companies to increase the market price of their shares and attract investors.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 8:30 pm

JILL

J. Jill has announced an offering of 6 million shares, with an additional 8.5 million shares being offered by a selling stockholder, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 8:24 pm

CHWY

Chewy Inc has filed for a mixed shelf offering, according to a recent SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 8:20 pm

VLO

Valero Energy Corp's board has authorized the company to repurchase shares of its outstanding common stock for a total cost of up to $2.5 billion.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 8:18 pm

ADBE

NKE

QQQ

SPY

TSLA

Benzinga's six-month experiment, 'Is ChatGPT A Better Financial Advisor?', is in its 19th week. ChatGPT's portfolio, which started with a hypothetical $10,000, has seen a 19-week performance of +8.93%, placing it seventh in the competition. The portfolio is now targeting major players like SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. Tesla Inc reclaimed its position as the top performer in the portfolio, while Adobe Inc dropped to the runner-up spot after investor sell-offs post-earnings release. Nike Inc continues to struggle with a 17.68% loss.

Portfolio Pulse from AJ Fabino

September 15, 2023 | 8:10 pm

LULU

A significant bearish stance has been taken on Lululemon Athletica (NASDAQ:LULU) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split 40% bullish and 60% bearish. The whales have been targeting a price range from $200.0 to $415.0 for Lululemon Athletica over the last 3 months. Despite this, several financial institutions have maintained their positive ratings on Lululemon, with price targets ranging from $420 to $455.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 8:01 pm

F

GM

STLA

S&P predicts a modest slowdown in the U.S auto sector industry momentum in the second half of 2023, with a flat volume environment forecasted for 2024.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 7:44 pm

CBOE

UVXY

VIXM

VIXY

The CBOE Volatility Index (VIX) surged 9% on Friday, marking the most significant single-day increase since mid-August. This spike followed weeks of relative calm, with the VIX hitting its lowest level since January 2020. Factors contributing to the spike include a resurgence in inflation, surge in oil prices, and the occurrence of a triple witching day. CBOE Global Markets reported significant growth in VIX options in its Q2 financial results. ETFs such as ProShares Trust VIX Short-Term Futures ETF (VIXY), ProShares Trust VIX Mid-Term Futures ETF (VIXM), and ProShares Trust Ultra VIX Short-Term Futures ETF (UVXY) may provide a good correlation to participate in the VIX’s movements.

Portfolio Pulse from Piero Cingari

September 15, 2023 | 7:20 pm

PAYX

Paychex Inc. (NASDAQ:PAYX) has seen a 2.10% drop in its current trading session, with a 3.35% fall over the past month and a 4.16% decrease over the past year. The company's price-to-earnings (P/E) ratio is lower than the aggregate P/E of the Professional Services industry, which could indicate that the stock is undervalued or that shareholders do not expect it to perform better in the future.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 7:15 pm