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Chip stocks, including Micron, Western Digital, and Nvidia, are rising after Micron's strong quarterly results, driven by AI demand. Micron's revenue and earnings beat estimates, and the company forecasts improved profitability, boosting investor confidence.

Portfolio Pulse from Adam Eckert

September 25, 2024 | 9:20 pm

SPY

Federal Reserve's Kugler emphasized that the Fed funds rate is the primary tool for monetary policy, while balance sheet reduction is not crucial for achieving the Fed's mandates. The Fed is still working towards the 2% inflation target and is not celebrating yet.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 9:08 pm

LIFD

LFTD Partners Inc. (OTC:LIFD), a psychoactive hemp-derived products company, is trading at a significant discount and has potential for a 5x rise by December 2025. Despite regulatory challenges, its compliant strategy and potential collaborations could drive growth. However, the future is highly dependent on regulatory developments.

Portfolio Pulse from Nicolás Jose Rodriguez

September 25, 2024 | 9:07 pm

PGY

Pagaya Technologies shares fell after announcing a $125 million private offering of exchangeable senior notes due 2029.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 9:04 pm

CACO

Caravelle plans to change its ticker symbol from 'CACO' to 'HTCO' on September 30, 2024. The company's shares will remain listed on NASDAQ, with no changes to CUSIP and ISIN.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 9:02 pm

CNXC

Concentrix Corp (NASDAQ:CNXC) reported mixed Q3 results with earnings slightly below expectations but revenue exceeding estimates. The company launched iX Hello, a generative AI solution, and provided a positive outlook for Q4 and fiscal year 2024. Despite this, CNXC shares fell 14.02% after-hours.

Portfolio Pulse from Erica Kollmann

September 25, 2024 | 9:01 pm

TRV

Travelers Companies (NYSE:TRV) has outperformed the market over the past 20 years with an average annual return of 10.23%. A $1000 investment in TRV 20 years ago would be worth $7,052.22 today, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 9:00 pm

KRYS

Krystal Biotech (NASDAQ:KRYS) has significantly outperformed the market over the past 5 years, with an average annual return of 40.18%. A $1000 investment in KRYS 5 years ago would now be worth $5,170.05, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 9:00 pm

SPY

Federal Reserve's Kugler stated that a monthly job gain below 100,000 would be considered 'very low' and emphasized the need to be cautious of potential downward revisions. The breakeven number for monthly job gains is estimated to be between 100,000 and 240,000.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 8:55 pm

TBIO

Telesis Bio Inc (NASDAQ:TBIO) shares surged over 110% in after-hours trading following a partnership with Beckman Coulter Life Sciences to enhance DNA and mRNA synthesis. The collaboration aims to integrate Telesis Bio's synthesis technology with Beckman Coulter's automation systems, marking a significant advancement in synthetic biology.

Portfolio Pulse from Adam Eckert

September 25, 2024 | 8:53 pm