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TIP

Economist Peter Schiff has warned that rising bond yields and energy prices could indicate worsening inflation. He suggested that if 10-year Treasury yields reach 7% and oil prices hit $150, it could be a sign of inflation. The yield on the 10-year Treasury note recently hit 4.372%, the highest since November 2017, due to investor expectations that the Fed might not reverse its rate hikes soon. Crude oil prices have also risen due to supply-side concerns. The iShares TIPS Bond ETF (TIP) ended Tuesday's session down 0.28% at $105.03.

Portfolio Pulse from Shanthi Rexaline

September 20, 2023 | 8:17 am

FDX

GIS

KBH

SCS

SKIL

General Mills, FedEx, Steelcase, Skillsoft, and KB Home are the stocks to watch on Wednesday. General Mills and FedEx are expected to report quarterly earnings, while Steelcase reported better-than-expected Q2 results. Skillsoft announced a 1-for-20 reverse stock split, and KB Home is also expected to post quarterly earnings.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 8:06 am

DIS

FDX

GIS

KBH

The CNN Money Fear and Greed index showed some improvement in overall sentiment among U.S. investors on Tuesday. The Dow Jones closed lower by over 100 points ahead of Federal Reserve interest-rate decision. Housing starts in the U.S. fell 11.3% month-over-month to an annualized rate of 1.283 million in August. The Walt Disney Company (NYSE:DIS) shares fell 3.6% after the company shared plans to double its capital expenditures at its Disney Parks, Experiences and Products segment to $60 billion over the next decade. Investors are awaiting earnings results from FedEx Corporation (NYSE:FDX), General Mills, Inc. (NYSE:GIS) and KB Home (NYSE:KBH).

Portfolio Pulse from Lisa Levin

September 20, 2023 | 7:58 am

KVYO

Klaviyo has priced its initial public offering (IPO) of 19.2 million common shares at $30 per share. The offering includes 11.5 million shares offered by Klaviyo and 7.7 million shares to be sold by existing stockholders. The gross proceeds from the offering are expected to be around $345.2 million, before deductions.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:11 am

PR

Permian Resources has priced its secondary public offering of 21.45 million common shares at $13.05 per share.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:56 am

MSFT

Bernstein's analyst Mark Moerdler has reaffirmed an Outperform rating on Microsoft's stock and increased his price target to $400 from $398, citing the potential of the company's AI cloud-computing services to yield higher profits than initially anticipated. Moerdler's research suggests that Microsoft has taken a significant lead in the development of Generative AI offerings, platform software, and design architectures. Microsoft's CFO Amy Hood earlier this month reaffirmed the company's optimistic forecast that its suite of AI tools will reach $10 billion in revenue at a faster rate than any other software business in its history.

Portfolio Pulse from Benzinga Neuro

September 20, 2023 | 6:52 am

KBH

KB Home (NYSE:KBH) is expected to report a sharp decline in its Q3 earnings, with analysts predicting earnings of $1.43 per share, down from $2.86 per share in the same period last year. The company's revenue is also expected to decrease to $1.48 billion from $1.84 billion. Despite this, KB Home shares rose 0.3% to close at $48.41 on Tuesday. Several analysts have recently upgraded their ratings and price targets for the company.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 6:51 am

MSGE

Madison Square Garden Entertainment Corp. (MSGE) has priced its public offering of 7.15 million common shares at $32.50 per share. The company also plans to repurchase 1,602,564 shares for approximately $50 million at $31.20 per share.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:51 am

GM

TSLA

Nikola CEO Steve Girsky has stated that General Motors Corp. (GM) once dismissed Tesla, Inc. (TSLA) as insignificant, giving Tesla a 10-year head start in the electric vehicle industry. Girsky believes that Nikola has a similar opportunity as major companies are overlooking the zero-emissions trucking industry. Tesla's first-mover advantage has allowed it to scale up, improve manufacturing efficiency, and vertically integrate, maintaining its position as the leading global EV manufacturer.

Portfolio Pulse from Shanthi Rexaline

September 20, 2023 | 6:40 am

HLVX

HilleVax has priced its public offering of 8 million common shares at $12.50 per share, aiming to raise $100 million.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:13 am