Streetbeat News

Stock Prices

SPY

The Federal Reserve, according to Goolsbee, is cutting interest rates as the economy has normalized and the job market is stable. The focus is on easing rates, despite cautionary indicators in the job market. The Fed aims to act proactively rather than waiting for the job market to weaken.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:52 pm

AU

GFI

HMY

Shares of precious metals stocks are trading lower due to a decline in gold prices.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:49 pm

CNC

Centene's short interest has decreased by 5.05%, with 9.62 million shares sold short, representing 2.07% of its float. This is lower than its peers' average short interest of 4.38%. The decrease in short interest may indicate a more bullish sentiment towards Centene.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 4:45 pm

ETR

Entergy's short interest has increased by 4.43%, with 3.10 million shares sold short, representing 1.65% of its float. This is below the peer group average of 2.13%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 4:45 pm

CLSK

Cleanspark's short interest has increased by 8.77%, with 18.35% of its float sold short, indicating bearish sentiment. This is higher than its peers' average of 10.23%.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 4:45 pm

AREB

American Rebel Holdings, Inc. (NASDAQ:AREB) shares are trading higher due to a 1-for-9 reverse stock split aimed at regaining compliance with Nasdaq's minimum bid price requirement. The stock split reduces the total stock count from 9.2 million to 1.2 million.

Portfolio Pulse from Dylan Berman

September 30, 2024 | 4:44 pm

CORT

Corcept Therapeutics shares rose following Truist Securities' decision to maintain a Buy rating and increase the price target from $65 to $76.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:43 pm

BLK

DEO

TMUS

Ryan Reynolds' marketing company, Maximum Effort Marketing, co-founded with George Dewey and owned by MNTN, plans a 2025 IPO. MNTN, a connected TV advertising company, raised $119 million in 2021 with BlackRock and Fidelity Management leading the round. Reynolds' involvement and the company's viral marketing success could drive growth.

Portfolio Pulse from Chris Katje

September 30, 2024 | 4:42 pm

GEO

Citron Research suggests that GEO Group (GEO) could benefit from either a Trump or Harris presidency, citing new ICE statistics. They highlight that Chat GPT is ahead of the market in recognizing this potential.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:41 pm

NFE

New Fortress Energy shares declined after the company announced a delay in its dividend payment.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:39 pm