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SPY

VGK

Russian President Vladimir Putin has stated that the conflict in Ukraine is not about territories, but about the global order. He also mentioned that the West always needs an enemy. This statement could potentially impact global markets and ETFs like SPY and VGK.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:59 pm

BIIB

GDX

GLD

RETA

A gold miner with strong fundamentals, including a Piotroski F-Score of 8 and a Relative Strength Index (RSI) below 20, is considered undervalued and a good buying opportunity. The miner has high margins, with all-in sustaining costs of about $700 per ounce, compared to an industry average of $1,360 per ounce. However, there is some political risk due to one of the company's properties being in a state in Mexico with a history of strikes. The SPDR Gold Shares ETF (GLD) and the VanEck Gold Miners ETF (GDX) are also mentioned in the context of gold and gold miners' performance.

Portfolio Pulse from David Pinsen

October 05, 2023 | 1:58 pm

MCD

Traders are circulating that McDonald's (MCD) is a Street.com Action Alert Plus Pick.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:56 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares fell after the company announced a $1.5 billion proposed green convertible senior notes offering and provided preliminary third-quarter revenue estimates. The EV maker expects revenue to be in the range of $1.29 billion to $1.33 billion, more than double the revenue from the third quarter of 2022, primarily due to higher deliveries. The company is set to report its third-quarter financial results on Nov. 7.

Portfolio Pulse from Adam Eckert

October 05, 2023 | 1:46 pm

NVDA

A large investor has taken a bullish stance on NVIDIA (NASDAQ:NVDA), with 72% of big-money traders also showing bullish sentiment. The investor's position was noticed through publicly available options history. The investor has been targeting a price range from $350.0 to $460.0 for NVIDIA over the last 3 months. The current price of NVDA is $440.49.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 1:45 pm

CMBM

NBTX

ORTX

VINO

WNW

U.S. stocks traded lower following the release of economic reports. The Dow, NASDAQ, and S&P 500 all fell. U.S. initial jobless claims rose by 2,000 to 207,000. Orchard Therapeutics, Meiwu Technology, and SP Plus Corporation saw significant stock increases, while Cambium Networks, Gaucho Group Holdings, and Nanobiotix experienced drops. The U.S. trade gap shrank to $58.3 billion in August, the lowest since Sept. 2020.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 1:44 pm

CAG

ConAgra Brands Inc reported Q1 FY24 sales of $2.90 billion, missing the consensus of $2.95 billion. Organic sales fell 0.3% Y/Y in Q1, led by a 6.6% Y/Y decline in volume. Adjusted EPS increased 15.8% to $0.66, beating the consensus of $0.60. The company reaffirmed FY24 organic net sales growth of 1% and adjusted EPS of $2.70-$2.75. CAG shares are trading higher by 0.62% at $26.69.

Portfolio Pulse from Lekha Gupta

October 05, 2023 | 1:37 pm

OSTK

Overstock.com's director, Marcus Lemonis, has purchased 33,000 shares at an average price of $14.94 per share, according to a Form4 filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 1:35 pm

LGVN

Longeveron Inc announced positive results from the Phase 2a trial of its investigational product Lomecel-B for mild Alzheimer's disease. The primary endpoint of safety was met, with no significant safety issues raised. Statistically significant improvement was observed in Composite Alzheimer's Disease Score (CADS) and slowing of disease progression. However, LGVN shares are down 4.41% at $2.40 on the last check Thursday.

Portfolio Pulse from Vandana Singh

October 05, 2023 | 1:33 pm

BTCUSD

ETHUSD

GALAUSD

TWTUSD

Bitcoin and Ethereum edged higher following the U.S. jobless claims report, but remained below key levels. Trust Wallet Token was the top gainer over the past 24 hours, while Gala was the biggest loser. The global crypto market cap rose to $1.09 trillion, recording a 24-hour gain of 0.4%.

Portfolio Pulse from Lisa Levin

October 05, 2023 | 1:31 pm