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AAPL

META

MSFT

QQQ

SPY

The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, and META. The memo suggests that the market will witness significant volatility due to the FOMC rate decision and Jerome Powell's subsequent press briefing. It provides detailed bullish and bearish targets for each of the mentioned stocks and ETFs. The memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading.

Portfolio Pulse from RIPS

September 20, 2023 | 2:52 pm

ICCM

The FDA has denied IceCure Medical Ltd's (NASDAQ:ICCM) De Novo Classification request for the ProSense System for breast cancer. This decision does not affect ProSense's FDA-cleared authorization for other indications in the U.S. IceCure is addressing the FDA's response and continues its ICE3 clinical study, expected to be completed in Q1 2024. ICCM shares are down 35.80%.

Portfolio Pulse from Vandana Singh

September 20, 2023 | 2:51 pm

RTX

A significant amount of unusual options activity has been observed for Raytheon Technologies Corporation (RTX), with a majority of investors taking a bullish stance. The price range targeted by these investors over the last three months is between $70.0 and $95.0. The current price of RTX is $75.68, up 0.8%. Analysts have mixed opinions, with ratings ranging from 'Sector Perform' to 'Overweight' and price targets between $75 and $99.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 2:48 pm

SPOT

A whale investor has taken a bullish stance on Spotify Technology (NYSE:SPOT), with 56% of investors opening trades with bullish expectations. The whale has been targeting a price range from $50.0 to $195.0 for Spotify over the last 3 months. The price of SPOT is up 2.3% at $163.86. Truist Securities has maintained their Buy rating on Spotify, which currently sits at a price target of $176.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 2:47 pm

AZO

A significant investor has taken a bearish stance on AutoZone (NYSE:AZO), with 72% of recent trades being bearish and 27% bullish. The trades include 8 puts totaling $378,170 and 3 calls totaling $156,950. The targeted price range for AutoZone over the last 3 months has been $2300.0 to $2800.0. The current price of AZO is up 2.8% at $2544.54. Several financial institutions have maintained their positive ratings on AutoZone, with price targets ranging from $2670 to $3006.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 2:47 pm

AER

HEES

JAN

TRTN

VRTV

The article lists five value stocks in the industrials sector, which are traditionally undervalued. The stocks mentioned are JanOne (NASDAQ:JAN), Triton International (NYSE:TRTN), AerCap Holdings (NYSE:AER), H&E Equipment Servs (NASDAQ:HEES), and Veritiv (NYSE:VRTV). The article also provides information on the companies' earnings per share and dividend yields for the recent quarters.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 2:41 pm

DNMR

Danimer Scientific Inc (DNMR) is expanding its collaboration with Chevron Phillips Chemical (CPChem) to explore the development and commercialization of various products using Rinnovo polymers. Rinnovo, synthesized from lactones using Danimer's proprietary Novo22 catalyst technology, can be used in the production of biodegradable alternatives to traditional plastics. DNMR shares are trading higher by 2.69% at $1.91.

Portfolio Pulse from Shivani Kumaresan

September 20, 2023 | 2:40 pm

IBM

RBC Capital has initiated coverage on IBM with an Outperform rating and a price target of $188. This has led to a rise in IBM's stock price.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 2:39 pm

SEEL

Seelos Therapeutics Inc (SEEL) announced topline data from its Phase 2 study of SLS-002 for Acute Suicidal Ideation and Behavior in adults with Major Depressive Disorder. The study did not meet the pre-defined primary endpoint due to limited sample size caused by financial constraints. However, the company stated that the study demonstrated clinically meaningful treatment effects and a well-tolerated safety profile. SEEL shares are down 75.90% at $0.24.

Portfolio Pulse from Vandana Singh

September 20, 2023 | 2:38 pm

BEPC

ENIC

GNE

PAM

Benzinga Insights has identified five value stocks in the utilities sector based on quantified analysis. These include Brookfield Renewable (BEPC), Genie Energy (GNE), Hawaiian Electric Indus (HE), Pampa Energia (PAM), and Enel Chile (ENIC). The companies have shown varying performance in Q2, with some experiencing a decrease in earnings per share and others seeing an increase.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 2:38 pm