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PENN

Needham analyst Bernie McTernan sees potential growth for PENN Entertainment due to product enhancements and ESPN integration. PENN's Q3 retail operations adjusted EBITDAR is expected to be $465M-$475M, with improved interactive EBITDA guidance. The analyst maintains a Buy rating with a $26 price target.

Portfolio Pulse from Lekha Gupta

October 08, 2024 | 5:59 pm

GM

General Motors (GM) CEO announced that the company is on track to achieve positive variable profitability for its electric vehicles (EVs) by Q4. The CEO also stated that profits in 2025 are expected to be similar to those in 2024, and that EV losses have peaked this year.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:58 pm

BA

RTX

Boeing faces safety and delivery challenges as the FAA issues a safety alert for 737 rudder systems, and a labor strike impacts aircraft deliveries. The NTSB criticized the FAA's response, and Boeing warns of reduced future deliveries due to the strike.

Portfolio Pulse from Hayden Buckfire

October 08, 2024 | 5:53 pm

AAL

AAPL

AMZN

CCL

DAL

DIA

DOCU

FCX

GOOGL

IWM

META

MPC

MSFT

NCLH

NVDA

PANW

PEP

QQQ

SPY

TSLA

VLO

XLK

U.S. markets rebounded on Tuesday as falling oil prices and optimism about the upcoming earnings season boosted tech and AI stocks. The S&P 500, Nasdaq 100, and Russell 2000 all saw gains, with major tech companies adding significant market value. Lower oil prices benefited cruise lines and airlines, while energy and materials stocks fell. Key ETFs like SPY, DIA, QQQ, and IWM also rose.

Portfolio Pulse from Piero Cingari

October 08, 2024 | 5:52 pm

AMZN

BABA

CVNA

GM

GME

JD

NIO

PDD

PENN

TSLA

The article highlights significant options activity in consumer discretionary stocks, indicating potential trading opportunities. Notable movements include bullish sentiment for TSLA, GM, PENN, NIO, and JD, while bearish sentiment is observed for BABA, GME, and AMZN. Neutral sentiment is noted for CVNA and PDD.

Portfolio Pulse from Benzinga Insights

October 08, 2024 | 5:35 pm

SPY

Federal Reserve's Raphael Bostic highlighted that changes in storm and fire risks can impact housing demand and supply in various cities. This could have broader implications for the housing market and related financial instruments.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:30 pm

IYG

JPM

XLF

J.P. Morgan Asset Management has partnered with GLMX to enhance its Morgan Money platform, offering a broader range of short-term investment options for institutional investors. This collaboration integrates GLMX's advanced trading technology, providing access to a comprehensive suite of money market instruments.

Portfolio Pulse from Lekha Gupta

October 08, 2024 | 5:22 pm

SAP

SAP shares rose following the announcement of new AI-powered business tools aimed at boosting productivity and data utilization, revealed at the SAP TechEd conference.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:18 pm

NFLX

JPMorgan analyst Doug Anmuth maintains an Overweight rating on Netflix (NASDAQ:NFLX) with a $750 price target, citing potential price increases and ad-supported plan updates as catalysts. Anmuth is optimistic about Netflix's revenue growth, margin expansion, and free cash flow, predicting a strong fourth-quarter content slate and a push into live sports.

Portfolio Pulse from Chris Katje

October 08, 2024 | 5:17 pm