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Shares of companies within the broader technology sector are trading higher amid overall market strength following softer-than-expected PPI figures.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:40 pm

CHWY

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Shares of retail, e-commerce, and consumer discretionary stocks are trading higher due to softer-than-expected July PPI figures, which may alleviate inflation concerns and boost consumer sentiment.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:40 pm

AMAT

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Shares of semiconductor stocks are trading higher amid overall market strength following softer-than-expected PPI figures.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:33 pm

SHOP

Deep-pocketed investors are showing significant interest in Shopify (NYSE:SHOP) options, with a notable increase in both call and put activities. The sentiment is mixed but leans slightly bullish. The price range of interest is between $57.0 and $120.0. Shopify's stock is currently up 2.2% at $69.81, with RSI indicators suggesting it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:31 pm

Ingersoll Rand (NYSE:IR) has significantly outperformed the market over the past 5 years, delivering an average annual return of 24.01%. A $1000 investment in IR stock 5 years ago would be worth $2,958.64 today. The company's current market capitalization is $35.61 billion.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:30 pm

ESI

Element Solutions (NYSE:ESI) has significantly outperformed the market over the past 5 years, delivering an average annual return of 22.66%. A $100 investment in ESI 5 years ago would be worth $280.77 today. The company's current market capitalization is $6.08 billion.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 3:30 pm

APLM

Apollomics Inc. (NASDAQ: APLM) saw a significant stock surge on Tuesday following the announcement of promising preliminary clinical data from its Phase 2 SPARTA trial of vebreltinib. The trial showed a 43% objective response rate in patients with non-CNS MET fusion solid tumors, including one complete response and five partial responses. The company is now evaluating further development opportunities for vebreltinib.

Portfolio Pulse from Vandana Singh

August 13, 2024 | 3:18 pm

Boeing's shares are moving higher following a CNBC segment and the company's report of a backlog of 5,506 aircraft.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:13 pm

AAPL

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The article discusses the misleading nature of inflation headlines and highlights Home Depot's earnings as an indicator of consumer weakness. It also mentions the performance of major tech stocks and ETFs, and provides investment advice on protection bands and bond allocations.

Portfolio Pulse from The Arora Report

August 13, 2024 | 3:09 pm

BAX

Baxter International Inc (NYSE:BAX) has agreed to sell its Kidney Care segment, Vantive, to The Carlyle Group Inc (NASDAQ:CG) for $3.8 billion. Baxter will receive approximately $3.5 billion in cash, with net after-tax proceeds estimated at $3 billion. The transaction is expected to close in late 2024 or early 2025. Following the sale, Baxter aims for operational sales growth of 4% to 5% annually and an adjusted operating margin of 16.5% for 2025. The company plans to use the proceeds to repay debt and focus on higher-growth opportunities. BAX stock is down 6.9% at $34.37.

Portfolio Pulse from Vandana Singh

August 13, 2024 | 3:07 pm