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SPY

Federal Reserve's Michelle Bowman stated that the frequency and scope of recent data revisions make it difficult to project the economy's evolution. She also expects progress on inflation to be slow due to the current level of monetary policy restraint.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:31 pm

COST

Costco Wholesale (NASDAQ:COST) has outperformed the market over the past 20 years by 7.97% on an annualized basis, producing an average annual return of 15.27%. If an investor had bought $100 of COST stock 20 years ago, it would be worth $1,717.57 today.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:30 pm

INTU

Intuit's (NYSE:INTU) short percent of float has risen 3.97% since its last report, with 3.56 million shares sold short, which is 1.31% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Intuit has less short interest as a percentage of float, which is 3.32% on average.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:30 pm

EXR

Extra Space Storage (NYSE:EXR) has outperformed the market over the past 15 years, producing an average annual return of 16.11%. If an investor had bought $1000 of EXR stock 15 years ago, it would be worth $8,813.50 today. The company currently has a market capitalization of $25.69 billion.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:30 pm

KKR

KKR & Co's short percent of float has fallen 36.36% since its last report, with 10.35 million shares sold short, which is 1.61% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, KKR & Co has less short interest.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:30 pm

WDAY

Workday's (NYSE:WDAY) short percent of float has fallen 10.31% since its last report, indicating a decrease in short interest. The company has 3.59 million shares sold short, which is 1.74% of all regular shares available for trading. Compared to its peers, Workday has less short interest as a percentage of float, with an average of 3.31%.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:30 pm

JSDA

Jones Soda Co. has launched its cannabis-infused brand, Mary Jones, in Washington state dispensaries. The THC craft soda is available in 12- and 16-ounce cans with THC infusion levels of 10mg and 100mg. The manufacturing and distribution operations are managed by CompCanna Inc., a Washington-licensed cannabis processor, and Dogtown Pioneers, Inc. The company plans to expand into Michigan and Nevada. JSDA shares were trading down at 1.32% at $0.187 at market close Friday afternoon.

Portfolio Pulse from Joana Scopel

October 02, 2023 | 2:30 pm

DB

HOLI

Hollysys Automation Technologies, Ltd (NASDAQ:HOLI) has formed a special committee to conduct a formal sale process. The committee will engage in discussions with Recco Control Technology and Dazheng Group (Hong Kong) Investment Holdings Company in response to their unsolicited, non-binding offer to acquire the company at $25.00 per share in cash. Deutsche Bank will assist in soliciting additional serious and compelling offers.

Portfolio Pulse from Anusuya Lahiri

October 02, 2023 | 2:29 pm

GFS

LMT

NVDA

GlobalFoundries Inc (NASDAQ:GFS) has become a significant player in the semiconductor industry, with its chips being integral components in various electronic devices. The company's chips have contributed to the boom of Nvidia Corp (NASDAQ:NVDA). GlobalFoundries has made significant investments in Singapore, Germany, France, and upstate New York to enhance its production capacity and technological capabilities. The company has also forged strong alliances with giants in the automotive and defense sectors, including an exclusive deal with Lockheed Martin Corp (NYSE:LMT) and a $3 billion agreement with the U.S. Department of Defense.

Portfolio Pulse from Anusuya Lahiri

October 02, 2023 | 2:24 pm

BUD

TLRY

Tilray Brands Inc (NASDAQ:TLRY) shares are trading lower after the company announced the closure of its all-cash transaction with Anheuser-Busch Inbev SA (NYSE:BUD), acquiring eight beer and beverage brands and associated breweries and brewpubs. Tilray also settled a commercial agreement dispute with HEXO Corp, which it acquired earlier this year, with MediPharm Labs set to receive $9 million in total considerations including $3 million in cash and $4.5 million in Tilray stock. Tilray is expected to report a loss of 4 cents per share on quarterly revenue of $174 million on Oct. 4.

Portfolio Pulse from Adam Eckert

October 02, 2023 | 2:22 pm