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JPM

UUP

JPMorgan Chase & Co. CEO Jamie Dimon has warned of potential economic turmoil if Federal Reserve benchmark interest rates were to rise to 7%. He believes such a scenario could lead to a financial stress test of epic proportions. This warning has resonated with market sentiment, as the U.S. dollar, tracked through the Invesco DB USD Index Bullish Fund ETF, surged. Economists already place a 60% probability of a U.S. recession within the next year.

Portfolio Pulse from Piero Cingari

September 26, 2023 | 1:01 pm

AAL

Analysts have provided various ratings for American Airlines Group (NASDAQ:AAL) within the last quarter, with most being indifferent. The average price target is $18.4, implying an upside from the current price of $12.91. This average price target has increased by 0.99% over the past month.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 1:01 pm

TGT

Target (NYSE:TGT) has received various analyst ratings in the last quarter, with 5 bullish, 8 somewhat bullish, and 18 indifferent. The average 12-month price target for Target is $152.48, a decrease of 8.54% from the previous average of $166.72.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 1:01 pm

OB

Outbrain (NASDAQ:OB) has received positive ratings from analysts in the last quarter, with 4 bullish, 1 somewhat bullish, and 1 indifferent. The average price target is $6.5, indicating an upside from the current price of $5.1. This average has increased by 25.73% from the previous average price target of $5.17.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 1:00 pm

SPY

XHB

The USA House Price Index for July has increased by 0.8%, surpassing the estimated 0.5% and the prior 0.3%. This indicates a positive trend in the housing market.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 1:00 pm

NOVA

Analysts have provided various ratings for Sunnova Energy Intl (NYSE:NOVA) within the last quarter. The 14 analysts have an average price target of $29.79 versus the current price of Sunnova Energy Intl at $10.95, implying upside. This current average represents a 10.35% decrease from the previous average price target of $33.23.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 1:00 pm

SLNO

Soleno Therapeutics has released top-line results from the randomized withdrawal period of study C602 of DCCR for Prader-Willi Syndrome, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 1:00 pm

UNFI

United Natural Foods Inc (UNFI) reported Q4 FY23 sales growth of 2% to $7.417 billion, missing the analyst consensus of $7.47 billion. Gross margin fell to 13% from 14.5% last year, and gross profit fell 8.3% to $966 million. The company reported an operating loss of $75 million, compared to an income of $68 million last year. Adjusted EBITDA decreased 56.3% Y/Y to $93 million. The company repurchased approximately 791,000 shares at an average price of $26.49. UNFI expects FY24 sales of $30.9 billion-$31.5 billion, against the consensus of $31.03 billion, and adjusted EPS of $(0.88)-$0.38 versus the consensus of $2.56.

Portfolio Pulse from Shivani Kumaresan

September 26, 2023 | 12:56 pm

SPY

The USA Redbook Year-on-Year (YoY) has increased to 3.8% from the previous 3.6%.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 12:55 pm

CXDO

KIRK

SOL

SPRY

Insiders at ARS Pharmaceuticals, Crexendo, Emeren Group, and Kirkland's have recently made significant purchases of their companies' stocks. ARS Pharmaceuticals' director acquired 2.7 million shares for around $8.18 million, following the FDA's response to their New Drug Application. Crexendo's director bought 5,000 shares after the company posted positive Q2 results. Emeren Group's director purchased 437,258 shares after the company reported better-than-expected quarterly earnings. Kirkland's interim CEO bought 3,978 shares following weaker-than-expected Q2 FY23 results.

Portfolio Pulse from Lisa Levin

September 26, 2023 | 12:53 pm