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United States Steel Corporation (NYSE:X) shares are trading higher following the company's Q3 guidance, which reflects the anticipated impact of the United Autoworkers Union strike on financial results. The company issued EPS guidance between $1.10 and $1.15 and estimated adjusted EBITDA to be approximately $550 million. The stock has risen 34.79% over the past three months, with a significant surge in mid-August after the company rejected an acquisition offer from Cleveland-Cliffs.

Portfolio Pulse from Ryan Gustafson

September 19, 2023 | 7:40 pm

PINS

Pinterest shares are trading higher following the company's Investor Day presentation.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 7:33 pm

SPY

U.S. House Republicans have failed to advance defense spending, raising concerns about a potential government shutdown. This could impact the overall market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 7:32 pm

KVUE

A whale investor has taken a bullish stance on Kenvue (NYSE:KVUE), with 66% of the investors opening trades with bullish expectations and 33% with bearish. The whale has been targeting a price range from $19.0 to $22.5 for Kenvue over the last 3 months. The price of KVUE is currently down -0.38% at $21.0. The next earnings are expected to be released in 50 days.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 7:31 pm

AXLA

Axcella Health has commenced a previously announced 1-for-25 reverse stock split, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 7:24 pm

NVDA

Nvidia Corp's stock experienced a significant drop of 2.60% at the start of the week, but demonstrated resilience by recovering and closing nearly 3% higher than the opening price. Despite recent fluctuations, Nvidia's year-to-date stock performance shows a 197% increase. The stock closed at $439.66, trading up by 0.16% after Monday's session.

Portfolio Pulse from Zaheer Anwari

September 19, 2023 | 7:20 pm

GIS

A significant number of bullish trades have been observed in General Mills's (NYSE:GIS) options, with 78% of investors opening trades with bullish expectations. The majority of the trades are calls, amounting to $1,708,231, while puts total $70,000. Whales have been targeting a price range from $55.0 to $70.0 for General Mills over the last 3 months. The current price of GIS is $65.89, down by 0.31%. Analysts from Wells Fargo, Piper Sandler, Deutsche Bank, JP Morgan, and TD Cowen have maintained their ratings on General Mills, with price targets ranging from $70 to $77.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 7:16 pm

HRYU

Hanryu reported its Q2 financial results, following which its shares traded lower.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 7:11 pm

AMZN

M

SFIX

TGT

Stitch Fix Inc (NASDAQ:SFIX) reported a 22% YoY revenue drop to $375.8 million for Q4, with a net loss of $28.7 million, a 70% improvement from last year. The annual revenue fell 21% YoY to $1.6 billion, with a net loss of $172 million. The number of active clients dropped 13% YoY. Stitch Fix confirmed it will be shutting its operations in the UK. The company expects further hits, with Q1 revenue expected to decline between 18% and 20%. Amazon.com Inc (NASDAQ:AMZN) announced it will be adding 250,000 U.S. workers. Target Corporation (NYSE:TGT) plans to add 100,000 employees, flat YoY growth. Macy’s Inc (NYSE:M) will be hiring less people compared to last year’s holiday season.

Portfolio Pulse from Upwallstreet

September 19, 2023 | 7:04 pm

KO

A whale investor has taken a bearish stance on Coca-Cola (NYSE:KO), with 69% of the spotted trades being bearish. The trades include 3 puts amounting to $113,970 and 10 calls amounting to $401,265. The targeted price range for Coca-Cola over the last 3 months is from $45.0 to $65.0. The current price of KO is up 0.13% at $58.38, with RSI indicators suggesting it may be approaching oversold.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 7:00 pm