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SPY

Federal Reserve Chairman Jerome Powell stated that there is no precision in understanding the lags in monetary policy. He also noted that markets have been front running Fed policy changes.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:28 pm

SPY

Federal Reserve Chairman Jerome Powell stated that he does not believe there is a fundamental shift in how rates affect the economy. He noted that the strong economy and job market are elements that the Fed wants to see.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:27 pm

WBUY

Shares of Webuy Global Ltd have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:26 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that interest-sensitive spending is showing the impact of Fed policy, indicating that the policy is working through usual channels. This could potentially affect the broader market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:26 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that the US economy is very resilient and growing strongly, with growth running above its long-run trend. He also suggested that the economy may be less affected by interest rates than previously thought.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:25 pm

TTOO

T2 Biosystems, Inc. (NASDAQ:TTOO) shares are trading lower, having lost more than 65% over the last five days. The company announced preliminary Q3 financial results, reporting a 60% decrease in total revenue compared to the prior year. T2 Biosystems also submitted a 510(k) premarket notification to the FDA to expand the number of pathogens detected on the FDA-cleared T2 Bacteria Panel.

Portfolio Pulse from Erica Kollmann

October 19, 2023 | 4:21 pm

WNS

WNS shares are trading lower following the company's mixed Q2 financial results and updated FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:20 pm

BBY

Goldman Sachs analyst Kate McShane has upgraded Best Buy Co., Inc (NYSE:BBY) to Buy from Neutral, raising the price target to $85 from $79. McShane sees potential for a positive demand inflection to drive upside for Best Buy, primarily through multiple expansions. The analyst believes the company’s current valuation is not considering this potential inflection and is most likely factoring in broader concerns regarding consumer health and potential near-term demand headwinds.

Portfolio Pulse from Nabaparna Bhattacharya

October 19, 2023 | 4:17 pm

WBUY

Trading of Webuy Global shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:17 pm

TTD

Trade Desk Inc.'s (NASDAQ:TTD) stock has increased by 1.44% over the past month and by 34.92% over the past year. The company's P/E ratio of 295.27 is higher than the Media industry's aggregate P/E ratio of 107.03, indicating that the stock might be overvalued. However, a high P/E ratio could also suggest that investors expect the company to perform better in the future.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 4:15 pm