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MED

WBA

The most accurate Wall Street analysts have recommended holding three high-dividend yield stocks in the consumer staples sector: Altria Group, Walgreens Boots Alliance, and Medifast. Altria Group recently reported a slight miss on Q2 FY23 revenues, Walgreens announced its CEO will step down and expects FY23 adjusted EPS at the low end of its range, while Medifast posted better-than-expected Q2 results.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 11:36 am

LICN

SCS

SGBX

VRTV

The article lists four industrial stocks that are considered overbought and may decline in September. These include Steelcase Inc. (SCS), Lichen China Limited (LICN), Safe & Green Holdings Corp. (SGBX), and Veritiv Corporation (VRTV). All four companies have a Relative Strength Index (RSI) above 70, indicating they are overbought.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 11:28 am

AMZN

ATVI

BABA

NVDA

PLTR

QQQ

SPY

Markets are set to rebound after three days of losses, with optimism seen in Friday's trading. Rising Treasury yields have dampened risk appetite, pushing major indices lower for the third consecutive session. However, Carson Group analyst Ryan Detrick suggests that the market could rebound in October based on historical data. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF saw gains. Stocks in focus include Activision Blizzard, United States Steel Corporation, Alibaba Group, JD.com, Palantir Technologies, Amazon, and Nvidia.

Portfolio Pulse from Shanthi Rexaline

September 22, 2023 | 11:19 am

BNPQY

COTY

Coty Inc is reportedly planning a Paris listing in the coming weeks, with assistance from BNP Paribas SA and Citigroup Inc. The company is considering raising new capital through this listing. The decision aligns with Coty's intention to tap into a new investor base and reinforce its standing in Europe. Coty's share price increased by 2.4% to $12.27, raising its market valuation to roughly $10.5 billion.

Portfolio Pulse from Shivani Kumaresan

September 22, 2023 | 10:49 am

ESALF

MRK

Merck and Eisai's two Phase 3 trials evaluating Keytruda plus Lenvima in certain types of metastatic non-small cell lung cancer did not meet its dual primary endpoints of overall survival and progression-free survival.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 10:49 am

HPK

REPX

STAA

Insider trades were noted in three US-listed companies: Riley Exploration Permian, Inc. (REPX), HighPeak Energy, Inc. (HPK), and STAAR Surgical Company (STAA). REPX's 10% owner Balmon California Inc acquired 100,000 shares for around $3.02 million, following the company's downbeat quarterly earnings. HPK's CEO Jack Hightower and the company's President bought a total of 500,000 shares for around $8.28 million, as the company reported steady third-quarter production. STAA's 10% owner Neal Bradsher bought 291,383 shares for around $11.69 million, after the company's second-quarter sales missed consensus estimates.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 10:21 am

GLD

SPY

UUP

US stock markets ended lower on Thursday, Sept. 21, with the Dow Jones, S&P 500, and Nasdaq Composite falling by 1.08%, 1.64%, and 1.82% respectively. US jobless claims dropped to 201,000, and the Q2 current account deficit narrowed to $212.1 billion. Asian markets were mixed, with Japan's Nikkei 225 falling, while Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Stock Index rose. European markets were down, and commodities were trading higher. US futures were up, and the U.S. Dollar Index rose by 0.27%.

Portfolio Pulse from Akanksha Bakshi

September 22, 2023 | 10:20 am

AONC

CCG

EOSE

ING

PCT

PHAR

SCHL

Several stocks including Scholastic Corporation, Pharming Group N.V., American Oncology Network Inc, Cheche Group Inc., ING Groep N.V., PureCycle Technologies, Inc., and Eos Energy Enterprises, Inc. are moving lower in Friday's pre-market session. Scholastic reported downbeat Q1 results, while ING Groep announced the sale of its 85% stake in fintech subsidiary, Cobase.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 10:02 am

UTHY

Hedge fund manager Bill Ackman, founder of Pershing Square, has stated that his firm remains short on bonds, particularly 30-year bonds, due to expectations of rising long-term rates. Ackman cited factors such as the end of the peace dividend, rising worker and union bargaining power, and high national debt as reasons for his stance. He also criticized the non-filling of the Strategic Petroleum Reserve and the expensive transition to electric vehicles. The U.S. Treasury 30-Year Bond ETF (NASDAQ:UTHY) ended Thursday’s session down 2.40% at $43.65.

Portfolio Pulse from Shanthi Rexaline

September 22, 2023 | 9:59 am

AAPL

EWQ

Apple employees in France have initiated a strike over pay and working conditions. The strike coincides with the launch of the iPhone 15, potentially impacting sales and operations.

Portfolio Pulse from Charles Gross

September 22, 2023 | 9:59 am