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The U.S. national debt has exceeded $33 trillion for the first time, with about $10 trillion accumulated since the pandemic. The debt is projected to exceed $50 trillion by the end of the decade if no substantial measures are taken. Federal programs are costing more than expected, with the Inflation Reduction Act of 2022 and the Employee Retention Credit cited as examples. Prudent investors are concerned about the rising national debt, while the 'momo crowd' is urged to ignore the debt and buy stocks. Positive money flows are observed in Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla, while mixed flows are seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

September 20, 2023 | 3:03 pm

Verizon Communications (NYSE:VZ) has seen unusual options activity, with a large bearish position being taken. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $33.0 to $50.0 for Verizon Communications over the last 3 months. Citigroup upgraded its action to Buy with a price target of $40 while Oppenheimer downgraded its action to Outperform with a price target of $43.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:02 pm

ONON

In the last quarter, 12 analysts have provided ratings for On Holding (NYSE:ONON), with 2 being bullish, 10 somewhat bullish, and none being indifferent, somewhat bearish, or bearish. The average 12-month price target for On Holding is $37.92, an increase of 2.49% from the previous average price target of $37.00.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:01 pm

SRC

Analysts have provided various ratings for Spirit Realty Cap (NYSE:SRC) within the last quarter, with 1 bullish, 2 somewhat bullish, and 2 indifferent. The company has an average 12-month price target of $43.4, a decrease of 0.69% from the previous average price target of $43.70.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:01 pm

CSGP

Analysts have provided various ratings for CoStar Gr (NASDAQ:CSGP) within the last quarter, with a majority being bullish. The average 12-month price target for CoStar Gr, according to 8 analysts, is $97.62, which has increased by 11.95% over the past month.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:00 pm

MKRUSD

Cryptocurrency Maker (MKR) has seen a price increase of 3.4% in the last 24 hours, reaching $1,311.35. This continues its positive trend over the past week, with a 14.0% gain. The trading volume for the coin has risen 44.0% over the past week, while the circulating supply has decreased 0.21%, bringing the circulating supply to 901 thousand. The current market cap ranking for MKR is #40 at $1.18 billion.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:00 pm

GPAK

Gamer Pakistan Inc (NASDAQ:GPAK) is set to IPO on September 21, with shares expected to be priced between $4.00 and $5.00. The company, which focuses on promoting esports events and product marketing, has an insider lock-up period of 180 days ending on March 19, 2024.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:00 pm

GMM

Global Mofy Metaverse Limited (NASDAQ:GMM) is set to start trading on NASDAQ on September 21. The company is offering shares at an expected price between $4.50 and $5.50 per share with an insider lock-up period of 180 days ending on March 19, 2024. Global Mofy Metaverse Limited is a technology solutions provider for the metaverse industry.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 3:00 pm

FWRD

Forward Air Corp (FWRD) has raised $925 million through a private offering of senior secured notes due 2031. The proceeds will be used to pay for its combination with Omni, repay certain existing debts, and cover transaction costs. The gross proceeds will be deposited into an escrow account pending the merger's completion. FWRD shares are trading higher by 0.79% at $68.98.

Portfolio Pulse from Shivani Kumaresan

September 20, 2023 | 2:57 pm

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Several US stocks recorded gains on Wednesday, including Steelcase Inc., Cambridge Bancorp, eHealth, Inc., Azul S.A., The Hain Celestial Group, Inc., Harmony Gold Mining Company Limited, Gol Linhas Aéreas Inteligentes S.A., GrafTech International Ltd., Bausch Health Companies Inc., IHS Holding Limited, Hudson Pacific Properties, Inc., Build-A-Bear Workshop, Inc., The Beauty Health Company, Western Digital Corporation, VNET Group, Inc., and Textron Inc. The gains were driven by various factors such as better-than-expected results, merger agreements, insider trading, upgrades by financial institutions, and stock repurchase programs.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 2:53 pm