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RIVN

STLA

Rivian Automotive, Inc. (NASDAQ:RIVN) shares are trading lower, pulling back after gaining nearly 15% over the last 30 days. The stock's movement is being watched closely amidst the ongoing United Auto Workers (UAW) strike against the Big Three automakers, Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) and Stellantis (NYSE:STLA). Some believe that non-traditional automakers like Rivian could benefit from the strike. UBS analyst Joseph Spak recently initiated coverage on Rivian with a Neutral rating and a price target of $26.

Portfolio Pulse from Erica Kollmann

September 19, 2023 | 2:56 pm

DTCK

Shares of Davis Commodities have started trading.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:55 pm

ORCL

UBER

Uber Technologies Inc (UBER) and Oracle Corp (ORCL) have announced a new offering called Collect and Receive, which connects retailers and consumers to enhance last mile delivery. The service is supported by Oracle's retail data store and cloud platform technologies. This announcement builds on Uber's previously announced seven-year strategic cloud partnership with Oracle. Uber shares were up 0.57% at $46.77 at the time of publication.

Portfolio Pulse from Adam Eckert

September 19, 2023 | 2:54 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

USO

The Federal Open Market Committee (FOMC) meeting is starting today with the decision and press conference scheduled for tomorrow. The dot plot, showing FOMC participants' projected mid point of the target for the federal funds rate, will be the most important information from the meeting. Housing starts fell, but building permits went up, indicating high interest rates are beginning to reduce immediate demand for housing, but builders remain optimistic. Money flows are positive in Apple Inc due to strong orders for iPhone 15 in China, but negative in Amazon.com, Inc., Alphabet Inc Class C, Meta Platforms Inc, Microsoft Corp, NVIDIA Corp, Tesla Inc, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust Series 1. Brent crude has hit $95.

Portfolio Pulse from The Arora Report

September 19, 2023 | 2:52 pm

KNTE

Kinnate Biopharma announced pipeline updates, a reprioritization plan, and corporate restructuring that will reduce the workforce by 70%. Following this announcement, multiple firms downgraded their ratings and respective price targets for the company.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:48 pm

DTCK

Davis Commodities has indicated an IPO price of $7 on 158K shares, which is significantly higher than the initial pricing of $4 per share.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:47 pm

CART

Instacart's initial public offering (IPO) is indicating a price of $39.50 per share on 918K shares, which is significantly higher than its IPO price of $30 per share.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:47 pm

AVGO

A significant investor has taken a bearish stance on Broadcom (NASDAQ:AVGO), with 70% of the trades being bearish and 29% bullish. The whales have been targeting a price range from $470.0 to $920.0 for Broadcom over the last 3 months. The current price of AVGO is down -0.76% at $843.5. Keybanc, Rosenblatt, and BMO Capital have maintained their positive ratings on Broadcom with a price target of $1000, while Rosenblatt also has a Buy rating with a price target of $900.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:46 pm

PYPL

A large investor has taken a bearish stance on PayPal Holdings (NASDAQ:PYPL), with 75% of big-money traders also showing bearish sentiment. The investor's position was noticed through publicly available options history. The overall sentiment of these traders is split between 25% bullish and 75% bearish. Whales have been targeting a price range from $50.0 to $95.0 for PayPal Holdings over the last 3 months. The price of PYPL is currently down -2.18% at $61.57.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:45 pm

FFA

First Trust Enhanced (NYSE:FFA) announced it will pay a quarterly dividend of 31.5 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 31.5 cents lower. Shareholders owning FFA by the end of Thursday's session will be eligible for the dividend, which will be paid out on September 29, 2023.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:45 pm