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KBH

US home sales volume decreased by 0.7% in August, marking a 15.3% drop from the previous year, while the median existing-home sales price increased by 3.9% to $407,100. The Midwest was the only region to see an improvement in sales. The inventory of unsold existing homes dipped 0.9% to 1.1 million. In this market, KB Home (NYSE:KBH) reported a third-quarter sales decline of 13.9% year-over-year to $1.59 billion, but beat the analyst consensus estimate.

Portfolio Pulse from AJ Fabino

September 21, 2023 | 6:57 pm

CELH

Roth MKM analyst Sean McGowan reiterated a Buy rating on Celsius Holdings, Inc. (NASDAQ:CELH), raising the price target to $220 from $180. Despite a recent drop in share price, McGowan sees no fundamental reason for the pullback. He notes that retail sales of Celsius's products have remained strong, growing more than 160% YoY. The analyst expects international sales to be the next big growth driver for the company, predicting more than 10% of total revenue in 2025 from outside the U.S.

Portfolio Pulse from Nabaparna Bhattacharya

September 21, 2023 | 6:55 pm

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) shares are trading lower by 3.3% amid overall market weakness and concerns about future rate hikes. Lower-than-expected jobless claims data are causing worries about consumer sentiment and spending, which could impact Amazon's sales growth. Rising interest rates could also increase the cost of servicing Amazon's debt, potentially affecting its profitability.

Portfolio Pulse from Henry Khederian

September 21, 2023 | 6:53 pm

SOFI

SoFi Technologies Inc's shares are trading lower by 3.9% amid overall market weakness and concerns about future rate hikes. Rising interest rates can lead to higher borrowing costs for the company, impacting its margins and profitability. The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range at its September meeting. SoFi's 52-week high is $11.70 and a 52-week low of $4.24.

Portfolio Pulse from Henry Khederian

September 21, 2023 | 6:49 pm

MS

Morgan Stanley's stock is trading lower due to concerns about future rate hikes following the FOMC statement and lower-than-expected initial jobless claims data. The bank's profitability could be affected by higher borrowing costs and a compression of the net interest margin. The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range at its September meeting.

Portfolio Pulse from Henry Khederian

September 21, 2023 | 6:48 pm

APTV

AYRO

CJET

LCID

NIO

VFS

XPEV

EV stocks are trading lower due to overall market weakness following a rise in Treasury yields after the FOMC statement. The lower-than-expected weekly initial jobless claims data could potentially encourage more rate hikes.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 6:48 pm

ORCL

Oracle's (NYSE:ORCL) short percent of float has risen 17.86% since its last report, with 15.45 million shares sold short, which is 0.99% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Oracle's short interest as a percentage of float is less than its peer group average of 5.26%.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 6:45 pm

PRU

Prudential Financial's (NYSE:PRU) short percent of float has fallen 10.22% since its last report, indicating a more bullish sentiment towards the stock. The company has 4.46 million shares sold short, which is 1.23% of all regular shares available for trading. Compared to its peers, Prudential Financial has less short interest.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 6:45 pm

NKE

Nike Inc (NYSE:NKE) is set to release its Q1 earnings for FY2024 on Sept. 28, with Wall Street expecting earnings of 74 cents per share on revenues of $12.99 billion. Despite shares being down nearly 22% this year, analysts from Oppenheimer and Stifel are optimistic about the company's future performance. Oppenheimer analyst Brian Nagel reiterated an Outperform rating on Nike with a $150 price target, while Stifel analyst Jim Duffy maintained a Buy rating with a $13 price target.

Portfolio Pulse from AJ Fabino

September 21, 2023 | 6:41 pm

AMD

Advanced Micro Devices, Inc (NASDAQ:AMD) stock is falling in line with the general market, which is reacting bearishly to the Federal Reserve's hawkish statement. The stock has been in a downtrend since June 13 and is approaching the 200-day simple moving average (SMA), a key indicator for technical traders. If the bearish pressure continues, AMD could drop below the 200-day SMA, indicating a bear cycle. However, the stock is currently trading slightly above the 200-day SMA, which is likely to act as support for a short period.

Portfolio Pulse from Melanie Schaffer

September 21, 2023 | 6:36 pm