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MDGL

Madrigal Pharmaceuticals has announced a proposed $500 million public offering. The company plans to use the proceeds for general corporate purposes, including the development of its clinical and preclinical programs.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 8:02 pm

CCI

Crown Castle (NYSE:CCI) has outperformed the market over the past 20 years, producing an average annual return of 11.21%. If an investor had bought $1000 of CCI stock 20 years ago, it would be worth $8,351.77 today. The company currently has a market capitalization of $39.95 billion.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 8:00 pm

WCN

Waste Connections (NYSE:WCN) has outperformed the market over the past 20 years, producing an average annual return of 15.89%. If an investor had bought $100 of WCN stock 20 years ago, it would be worth $1,905.08 today. The company currently has a market capitalization of $35.15 billion.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 8:00 pm

BITF

Shares of Bitfarms Ltd (NASDAQ:BITF) are trading higher by 7.2% amid a rise in Bitcoin. The increase may also be due to sympathy with crypto exchange Coinbase, which recently received regulatory approval to enable retail perpetual futures trading. Increased trading volumes and higher cryptocurrency prices can lead to increased mining revenue for companies like Bitfarms.

Portfolio Pulse from Henry Khederian

September 28, 2023 | 7:55 pm

SPY

UUP

The Bureau of Economic Analysis is set to release the Federal Reserve’s preferred measure of inflation, the personal consumption expenditure (PCE) index for August. The headline PCE price index is expected to rise from July’s 3.3% year-on-year increase to a 3.5% year-on-year jump in August. The core PCE price index is forecasted to ease from 4.2% year-on-year to a 3.9% year-on-year increase in August. The U.S. dollar, as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), is at a 10-month high, and the SPDR S&P 500 ETF Trust (NYSE:SPY) is down nearly 5% this month.

Portfolio Pulse from Piero Cingari

September 28, 2023 | 7:55 pm

ALB

Albemarle Corporation (NYSE:ALB) stock has been trading higher recently, despite a rough few months where it saw a 20.43% drop over the past three months. The downturn was attributed to weakness in the lithium sector. However, the demand for lithium mining is still increasing and is expected to grow to $516 million in 2028. Albemarle also issued strong 2023 guidance following its second-quarter earnings report, indicating optimism for the company's future.

Portfolio Pulse from Ryan Gustafson

September 28, 2023 | 7:52 pm

CCL

Carnival Corporation (NYSE:CCL) shares are trading higher ahead of its third-quarter earnings report due on Friday. The company is expected to report earnings of 75 cents per share and revenue of $6.69 billion. Despite a recent decline in price due to volatility in the travel sector and rising COVID-19 cases, the stock is up 80.40% year-to-date.

Portfolio Pulse from Ryan Gustafson

September 28, 2023 | 7:43 pm

SPY

Richmond Fed President Barkin stated in an interview with Bloomberg TV that it's difficult to foresee inflation easing significantly while economic growth remains strong.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 7:43 pm

IONQ

IonQ, Inc. (NYSE:IONQ) shares are trading higher after the company announced a $25.5 million quantum deal with the U.S. Air Force Research Lab. The deal is to deploy two barium-based trapped ion quantum computing systems for quantum networking research and application development. This follows a deal announced a year ago between the two organizations. The company also reached a record-setting $28 million in bookings in the second quarter.

Portfolio Pulse from Ryan Gustafson

September 28, 2023 | 7:40 pm

SPY

Richmond Fed President Barkin stated that recent data on consumer spending is stronger than expected and solid. He also noted that lower and middle-income spending is adjusting to a slower pace, but overall growth in the economy still seems 'solid'.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 7:39 pm