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SPY

Federal Reserve Chair Jerome Powell stated that government shutdowns typically do not have a significant macroeconomic effect. However, he noted that sustained higher energy prices can impact inflation.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:03 pm

LMT

A 'whale' investor has taken a bullish stance on Lockheed Martin (NYSE:LMT), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $400.0 to $500.0 for Lockheed Martin over the last 3 months. The price of LMT is up 1.11% at $430.01. Wells Fargo upgraded its action to Equal-Weight with a price target of $440.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 7:01 pm

MDB

A significant amount of bearish options activity has been observed for MongoDB (NASDAQ:MDB), with 76% of investors opening trades with bearish expectations. The targeted price range for MongoDB over the last 3 months is from $270.0 to $620.0. The current price of MDB is up 0.73% at $358.21. RBC Capital, Morgan Stanley, Argus Research, Piper Sandler, and Guggenheim have all provided their ratings and price targets for MongoDB.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 7:01 pm

SPY

Federal Reserve Chair Jerome Powell has stated that the Gross Domestic Product (GDP) is being driven by strong consumer spending. This statement suggests a positive economic outlook.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:01 pm

AAVEUSD

Cryptocurrency Aave (CRYPTO: AAVE) has seen a price increase of 4.61% in the past 24 hours, reaching $64.71. This continues a positive trend over the past week, with an 18.0% gain from $53.81. Trading volume for the coin has increased by 42.0% over the past week, while the circulating supply has decreased by 0.01% to 14.54 million, approximately 90.9% of its max supply of 16.00 million. Aave's current market cap ranking is #45 at $940.10 million.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 7:00 pm

SPY

Federal Reserve Chairman Powell has indicated that there is a lot of uncertainty in the market, which may have influenced the decision to cut rates. This could be due to real rates rising as inflation decreases.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:59 pm

AAPL

NVDA

TSLA

Tesla, Nvidia, and Apple are the most discussed stocks on WallStreetBets. Tesla's popularity is due to its high implied volatility and CEO Elon Musk's direct communication with shareholders. Nvidia has benefited from the AI-fueled rally this year, with its stock price nearly tripling. Apple is seeing strong early demand for its new iPhone 15. Other stocks mentioned include Arm Holdings, NIO, C3.Ai, Walt Disney, and Intel.

Portfolio Pulse from Adam Eckert

September 20, 2023 | 6:59 pm

INDA

USO

Saudi Arabia has reduced the premium on its oil exports to India. This move could potentially affect the prices of oil-related ETFs such as INDA and USO.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:57 pm

COTY

Coty Inc. has seen a significant option alert for January 19 $13 calls. A total of 1035 contracts were traded near the ask price at $0.72, compared to an open interest of 2079 contracts. Coty is expected to announce its earnings on November 7 before the market opens.

Portfolio Pulse from Charles Gross

September 20, 2023 | 6:53 pm

SCS

Steelcase Inc. (NYSE:SCS) reported better-than-expected Q2 financial results and issued Q3 and full-year 2024 earnings per share guidance above estimates. The company reported Q2 earnings of 31 cents per share, beating the analyst consensus estimate of 20 cents. Quarterly sales were $854.60 million, beating the analyst consensus estimate of $828.82 million. The company also issued Q3 earnings per share guidance between 23 cents and 27 cents, and full-year 2024 earnings per share between 80 cents and 90 cents. Shares of the stock rose nearly 30% following the announcement.

Portfolio Pulse from Ryan Gustafson

September 20, 2023 | 6:51 pm