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AAPL

AMD

NVDA

Softbank's Arm is set to go public next week in what is expected to be the biggest IPO of the year, seeking a valuation of close to $54 billion. Several companies including Nvidia Corp, Advanced Micro Devices, and Apple Inc have expressed interest in purchasing up to an aggregate of $735 million in the IPO. Arm's ties to Nvidia were highlighted, with Arm's CEO having previously worked for Nvidia and Nvidia using Arm products in its superchip.

Portfolio Pulse from Adam Eckert

September 05, 2023 | 4:00 pm

AMD

Dr. Lisa Su, Chair and CEO of Advanced Micro Devices (AMD), is currently presenting at the Goldman Sachs 2023 Communacopia and Technology Conference. This has led to a rise in AMD's share prices.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 3:59 pm

LQR

LQR House Inc. (NASDAQ:LQR), a marketing company in the alcoholic beverage sector, has reiterated its commitment to repurchase up to 20% of the company's free-float. The share buyback program, which is expected to begin around September 8th, 2023, will be executed by Dominari Securities LLC. The program may be halted or terminated at any point and will be funded using the company's existing cash reserves.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 3:39 pm

AAPL

AMZN

GOOGL

MRNA

NVDA

SPY

TSLA

The article discusses the potential market movements for the upcoming week. It mentions that the SPY ETF has been range bound and is waiting for an imbalance to form. It also discusses the performance of several NASDAQ-listed companies including AAPL, TSLA, GOOGL, AMZN, MRNA, and NVDA. AAPL is noted to be stronger than most, while TSLA experienced an aggressive sell-off. GOOGL, AMZN, and NVDA saw a bearish market structure shift, and MRNA had a 79% retracement and hold to finish the week.

Portfolio Pulse from Mando Trading

September 05, 2023 | 3:37 pm

CVX

EOG

OXY

Shares of oil companies are trading higher due to an extension of production cuts until December announced by Saudi Arabia and Russia. This has led to a rise in oil prices, positively impacting companies like BP, CVX, EOG, and OXY.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 3:35 pm

XXII

22nd Century Group, Inc. (NASDAQ:XXII) has initiated a process to evaluate strategic alternatives for its tobacco assets. The process will consider business combinations, asset sales, licensing agreements, alternate financing strategies and other options. The company believes its current market capitalization does not reflect the value of its assets or their long-term potential. TD Cowen has been engaged as advisors in the review of strategic alternatives.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 3:19 pm

AAPL

ACHR

TSLA

Ark Invest CEO Cathie Wood reaffirmed her $2,000 price target for Tesla Inc (NASDAQ:TSLA) by 2027, hinting at a potential future increase. Wood's confidence in Tesla's autonomous technology has grown, and she is impressed with the company's software upgrades. Despite Ark's bullish stance on Tesla, the firm has sold some Tesla shares to take profits and move funds to other companies, such as Archer Aviation (NYSE:ACHR). Wood also compared Tesla's decision to design its own chip for autonomous driving to Apple Inc's (NASDAQ:AAPL) strategy.

Portfolio Pulse from Chris Katje

September 05, 2023 | 3:15 pm

AAPL

ARM

QQQ

SPY

The stock market is expected to experience weak seasonality in the coming months, with September being traditionally weak and October being the most volatile month. However, the S&P 500, represented by SPDR S&P 500 ETF Trust (SPY), tends to perform positively in September when it's up more than 10% going into the month. Market mechanics are currently positive but can change quickly. Factors such as AI trends, consumer spending, economic data, and the upcoming Fed meeting will influence the market. ARM's IPO is ahead, and it's positioning itself as an AI company. Negative money flows are observed in major tech stocks and ETFs. China is likely to miss its 5% growth target unless a major stimulus program is initiated.

Portfolio Pulse from The Arora Report

September 05, 2023 | 3:10 pm

CXT

IEX

XYL

Xylem Inc. (NYSE:XYL) announced that CEO Patrick Decker will retire at the end of 2023 and will be succeeded by COO Matthew Pine from January 1, 2024. William Grogan, former CFO of IDEX Corporation, will take over as CFO from Sandra Rowland, effective October 1, 2023. The company reaffirmed its Q3 and full-year 2023 guidance.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 3:04 pm

ARLP

EOG

HPK

OIH

OXY

TVE

XLE

XOM

XOP

Saudi Arabia and Russia have extended their crude oil production cuts until December, causing a surge in oil prices and related stocks. The Energy Select Sector SPDR Fund (NYSE:XLE), the SPDR S&P Oil & Gas Exploration and Production (NYSE:XOP), and the VanEck Oil Services ETF (NYSE:OIH) all experienced increases. Large-cap oil stocks Occidental Petroleum Corp. (NYSE:OXY), EOG Resources, Inc. (NYSE:EOG), and Exxon Mobil Corp. (NYSE:XOM) also saw increases. Stocks with the most potential upside include HighPeak Energy, Inc. (NYSE:HPK), Alliance Resource Partners, L.P. (NYSE:ARLP), and Tamarack Valley Energy Ltd. (NYSE:TVE).

Portfolio Pulse from Piero Cingari

September 05, 2023 | 2:50 pm