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DUK

Duke Energy Florida plans to reduce residential rates by approximately 6% in January 2025, pending approval. This reduction is part of an annual adjustment for fuel costs and includes grid improvements for reliability and solar investments. If approved, a typical 1,000 kWh residential bill will decrease by $9.77.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:14 pm

BABA

Alibaba.com has launched an AI-powered sourcing agent and new financial and logistics solutions at its CoCreate conference in Las Vegas. These innovations aim to help SMEs simplify global trade and improve sourcing efficiency. The event also marked the launch of Alibaba's first co-branded credit card.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:09 pm

FIVN

The Bear Cave, a short-selling firm, has released a bearish report on Five9 Inc (NASDAQ:FIVN), claiming the company is misleading investors about the impact of AI on its business. The report highlights Five9's lack of annual profits since its IPO in 2014, recent revenue guidance cuts, and workforce reductions. Despite management's positive statements about AI, the short seller suggests that AI is negatively affecting the company.

Portfolio Pulse from Adam Eckert

September 05, 2024 | 6:03 pm

BABA

MA

Alibaba.com partners with Mastercard and Cardless to launch a co-branded business credit card in the U.S., offering benefits like 3% cashback and 90-day order protection to enhance value for small businesses in global sourcing.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:02 pm

BAX

MDT

Medtronic is recalling certain video laryngoscopes due to battery overheating risks, which could lead to serious health consequences. The FDA has classified this as a serious recall. Baxter International is also recalling certain ventilator components due to potential disconnection issues.

Portfolio Pulse from Vandana Singh

September 05, 2024 | 5:45 pm

AAPL

Apple's upcoming iPhone 16 event, the Glowtime event, is anticipated to potentially boost Apple's stock, according to Bank of America analyst Wamsi Mohan. Mohan maintains a Buy rating and a $256 price target for Apple, suggesting that the event could mark the start of a new software-driven iPhone upgrade cycle. The stock, which is up 20% year-to-date, could rise if Apple demonstrates compelling features or raises prices.

Portfolio Pulse from Chris Katje

September 05, 2024 | 5:43 pm

META

NVDA

BofA Securities analyst Vivek Arya maintains a Buy rating on Nvidia (NVDA) with a $165 price target, citing robust growth opportunities despite headwinds. Nvidia remains a top sector pick, with potential enhanced Buy opportunities due to valuation and upcoming product shipments.

Portfolio Pulse from Anusuya Lahiri

September 05, 2024 | 5:42 pm

AMZN

CPRI

CVNA

GM

HD

JD

PDD

ROST

TSLA

ULTA

The article highlights unusual options activity in the Consumer Discretionary sector, focusing on large trades by 'whales' in companies like TSLA, CVNA, AMZN, ROST, HD, PDD, JD, CPRI, GM, and ULTA. These activities can indicate potential trading opportunities.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 5:35 pm

AAPL

AVGO

MSFT

NVDA

TSM

The article highlights significant options activity in the Information Technology sector, with notable trades involving companies like NVDA, AAPL, MSFT, and others. These trades, identified by Benzinga's options activity scanner, indicate potential bullish or bearish sentiments based on the type of options and their trading volumes.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 5:35 pm

GOOGL

Analysts have re-rated Alphabet Inc (NASDAQ:GOOGL), with Cantor Fitzgerald giving a Neutral rating and Wedbush an Outperform rating. Despite strong core Search revenue growth, regulatory risks and AI uncertainties pose challenges. The upcoming antitrust trial and potential divestiture of Google Ad Manager are key concerns.

Portfolio Pulse from Anusuya Lahiri

September 05, 2024 | 5:34 pm