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ZNTL

Eventide Asset Management, LLC has disclosed a 11.07% stake in Zentalis Pharmaceuticals, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 7:48 pm

SPY

Federal Reserve Bank of Minneapolis President Neel Kashkari has suggested that higher bond yields could potentially reduce the need for the Federal Reserve to intervene in the market. This statement could have implications for the broader market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 7:44 pm

UBER

Uber shares are trading higher as stocks across sectors rebound amid a drop in yields.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 7:42 pm

GFI

HMY

Gold stocks are trading higher due to the Israel-Hamas conflict, which has increased the demand for safe-haven assets. Stocks of companies like GFI and HMY are directly affected.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 7:41 pm

NFLX

Netflix shares are trading lower, continuing a nearly 15% downtrend through September and October. The stock did gain over the past week, possibly due to a Wall Street Journal report suggesting the company plans to raise prices after the actors strike ends. However, shares pulled back over 2% on Tuesday. Netflix is set to report its third-quarter earnings next Wednesday, with earnings per share estimated at $3.50 and revenue estimated at $8.53 billion.

Portfolio Pulse from Ryan Gustafson

October 10, 2023 | 7:38 pm

NOG

RBC Capital Markets analyst Scott Hanold has reiterated an Outperform rating on Northern Oil And Gas, Inc. (NYSE:NOG) with a price target of $46. Hanold anticipates strong production and capital spending avenues for NOG, with M&A being a core strategic growth option. The analyst's 3Q23 EPS/CFPS estimates for NOG have increased, reflecting final commodity prices and better oil production. Hanold also expects Q3 capital spending at $195 million, above the consensus estimate. NOG shares are trading higher by 1.27% to $41.01.

Portfolio Pulse from Nabaparna Bhattacharya

October 10, 2023 | 7:35 pm

AAL

EIS

American Airlines has temporarily suspended all flights to and from Tel Aviv through December 4, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 7:32 pm

SQ

Block, Inc. (NYSE:SQ) shares are trading higher after B of A Securities maintained its Buy rating and $71 price objective on the stock. The shares have been down 46% to near all-time lows since the end of July. The company is set to announce its Q3 financial results on Nov. 2. More than 9.7 million shares have been traded in the session, compared to the stock's 100-day average of 10.279 million shares.

Portfolio Pulse from Erica Kollmann

October 10, 2023 | 7:31 pm

SPY

Federal Reserve's Neel Kashkari has stated that the economy and job market have shown more resilience than he had anticipated. He also mentioned that it seems like the economy is on track for a soft landing.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 7:24 pm

SPY

Federal Reserve's Neel Kashkari expressed confusion over the recent rise in the 10-year Treasury yield, attributing it to higher growth expectations. However, he noted that this rise is not accompanied by higher inflation expectations.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 7:17 pm