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LIVE

LL

Live Ventures Inc (NASDAQ:LIVE) has proposed to acquire LL Flooring Holdings, Inc (NYSE:LL) in an all-cash offer for $5.85 per share, totaling $194.4 million. This represents a 100% premium to LL Flooring's closing share price on October 11, 2023. Isaac Capital Group, controlled by Live Ventures' CEO Jon Isaac, currently owns over 4% of LL Flooring's shares. LL Flooring had previously rejected a similar proposal in June.

Portfolio Pulse from Shivani Kumaresan

October 12, 2023 | 3:44 pm

GOOG

GOOGL

Alphabet Inc. (NASDAQ:GOOGL) has seen a 56.89% increase since the start of 2023 and is still considered attractive despite being below 2022 highs. The company has been growing earnings, outperforming the S&P 500, increasing revenue, and buying back shares. The stock is in an uptrend with new highs for 2023 on October 10 and 11. The stock has a P/E ratio of 29.7, trading near a fair value based on historic norms.

Portfolio Pulse from Cory Mitchell

October 12, 2023 | 3:40 pm

MSCI

The short percent of float for MSCI (NYSE:MSCI) has decreased by 5.47% since its last report, with 823 thousand shares currently sold short. This represents 1.21% of all regular shares available for trading. The short interest for MSCI is lower than its peer group average of 3.62%. A decrease in short interest can indicate a more bullish market sentiment.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 3:30 pm

FTNT

Fortinet's (NYSE:FTNT) short percent of float has fallen 12.0% since its last report, with 8.68 million shares sold short, which is 1.32% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Fortinet has less short interest as a percentage of float, with an average of 5.22%.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 3:30 pm

INTC

Intel's (NYSE:INTC) short percent of float has risen 9.52% since its last report, with 67.26 million shares sold short, which is 1.61% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Intel's short interest as a percentage of float is less than its peer group average of 3.65%.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 3:30 pm

AAPL

GLD

SPY

The stock market is being tested by hotter consumer inflation, with the Consumer Price Index (CPI) coming in worse than expected. The SPDR S&P 500 ETF Trust (NYSE:SPY) ran up in anticipation of better than expected Producer Price Index (PPI) and CPI, but both came in hotter than expected. Positive money flows are seen in Apple Inc (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc Class C (NASDAQ:GOOG), Meta Platforms Inc (NASDAQ:META), and NVIDIA Corp (NASDAQ:NVDA), while negative flows are seen in Microsoft Corp (NASDAQ:MSFT) and Tesla Inc (NASDAQ:TSLA). Mixed flows are seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1 (NASDAQ:QQQ). Gold is attempting to break the psychological resistance at $1900, with the most popular ETF for gold being SPDR Gold Trust (NYSE:GLD).

Portfolio Pulse from The Arora Report

October 12, 2023 | 3:27 pm

BYND

Beyond Meat, Inc. (NASDAQ:BYND) shares are trading lower following a downgrade from Mizuho. The analyst downgraded the stock from a Neutral rating to an Underperform rating and cut the price target from $12 to $5, citing a reduced growth outlook for the plant-based meat category, lack of product innovation, and consumers' non-preference for the products. Mizuho also mentioned that the company's continued cash burn and tightening liquidity may lead to the need for new capital and have negative implications for the stock.

Portfolio Pulse from Erica Kollmann

October 12, 2023 | 3:21 pm

SYK

Stryker Corp's stock is trading lower due to downward momentum and the establishment of a Digital Health Advisory Committee by the FDA. The committee, which will be fully functional in 2024, aims to tackle complex scientific and technical aspects of digital health technologies. This could lead to increased regulatory scrutiny and potential stock price fluctuations for companies like Stryker.

Portfolio Pulse from Henry Khederian

October 12, 2023 | 3:19 pm

SAVE

Spirit Airlines has an option alert for January 19 $25 calls at the ask price of $1.18 for 1000 shares. This is compared to an open interest of 14961. The company's earnings are expected to be announced on October 25 after market close. The reference price is $16.33.

Portfolio Pulse from Charles Gross

October 12, 2023 | 3:16 pm

AAPL

AMZN

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, META, AMZN, TSLA, and NVDA. The memo provides price levels for bullish and bearish scenarios for each stock, based on a proprietary formula that takes into account price, volume, and options flow. The memo advises traders to monitor these stocks closely and be prepared to leverage potential breakouts or reversals.

Portfolio Pulse from RIPS

October 12, 2023 | 3:16 pm