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FXI

SPY

U.S. Treasury Secretary Yellen stated that tight monetary policy is reducing inflation in many developing countries. She also mentioned that China is facing short and long term economic issues, which could have minor spillover effects on the United States.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:48 pm

SPY

USO

U.S. Treasury Secretary Janet Yellen has expressed concern over the rise in gas prices following Saudi Arabia's oil cuts. She hopes for stabilization in oil and gas prices.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:46 pm

MOB

NIO

RKLB

Mobilicom secured an initial order from one of Europe's largest defense contractors, causing its shares to rise by 27%. Rocket Lab USA shares fell by 29% after technical issues led to the postponement of its next mission and a revision of its Q3 guidance. NIO shares dropped by 6% following the announcement of a proposed offering of $1 billion convertible senior notes.

Portfolio Pulse from ryanfaloona@benzinga.com

September 19, 2023 | 12:46 pm

AZO

AutoZone Inc reported Q4 FY23 sales growth of 6.4% year-on-year to $5.69 billion, beating the analyst consensus of $5.61 billion. EPS of $46.46 also beat the consensus of $45.12. The company saw a 1.7% increase in domestic same-store sales and a 34.1% increase in international sales. Gross margin expanded to 52.7% and operating income climbed 10.8% Y/Y to $1.2 billion. AutoZone opened 53 new stores in the U.S. in the quarter, bringing the total store count to 7,140. The company had $1.8 billion remaining under its share repurchase authorization at year end.

Portfolio Pulse from Shivani Kumaresan

September 19, 2023 | 12:42 pm

AAPL

NVDA

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) is in talks with Arizona authorities to increase advanced chip packaging capacity at its plants in the state. This comes as packaging becomes a bottleneck in semiconductor production, particularly for high-demand products like Nvidia Corp's AI accelerators. TSMC's commitment to Arizona includes two fabs and a $40 billion investment, with plans to produce more advanced 4-nm chips at the Arizona facility. The company's decision also highlights its strategic partnership with major customers like Apple Inc.

Portfolio Pulse from Anusuya Lahiri

September 19, 2023 | 12:41 pm

Block Inc (NYSE:SQ) announced a CEO transition for its Square business, with Alyssa Henry departing the company effective Oct. 2. Jack Dorsey, Block head and chairperson, is set to serve as the new Square CEO. Following the announcement, Wedbush analyst Nick Setyan reiterated Block with a Neutral rating and maintained a price target of $70. Block shares are down close to 20% over a one-year period.

Portfolio Pulse from Adam Eckert

September 19, 2023 | 12:40 pm

NIO

NIO Inc. announced a proposed offering of $500 million in convertible senior notes due 2029 and 2030 each. The company also plans to grant initial purchasers an option to purchase up to an additional $75 million of the 2029 and 2030 notes. The proceeds will be used to repurchase existing debt securities and strengthen the company's balance sheet. Following the announcement, NIO's shares fell by 5.43%.

Portfolio Pulse from Adam Eckert

September 19, 2023 | 12:39 pm

NIO

NIO Inc. has announced a proposed offering of $1 billion convertible senior notes, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:39 pm

IEO

JPM

KRE

VNQ

On CNBC's 'Halftime Report Final Trades', several financial experts made their final trade recommendations. Joshua Brown recommended iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Shannon Saccocia chose Vanguard Real Estate Index Fund (VNQ), Joseph Terranova picked SPDR S&P Regional Banking ETF (KRE) and JPMorgan Chase & Co. (JPM), and Stephen Weiss selected The Goldman Sachs Group, Inc. (GS).

Portfolio Pulse from Priya Nigam

September 19, 2023 | 12:38 pm

ASTS

NOK

VOD

AST SpaceMobile (NASDAQ:ASTS) has successfully achieved space-based 5G cellular broadband connectivity from everyday smartphones. This was accomplished using the BlueWalker 3 test satellite in collaboration with partners Vodafone, AT&T, and Nokia. The company plans to launch the first five commercial satellites in Q1 2024. AST SpaceMobile has agreements with more than 40 mobile network operators globally, which have approximately 2.4 billion existing subscribers total.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 12:38 pm