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The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, META, and TSLA. The memo provides price levels for these stocks based on a proprietary formula that takes into account price, volume, and options flow. The memo recommends monitoring these stocks for potential breakouts or reversals.

Portfolio Pulse from RIPS

September 18, 2023 | 2:21 pm

EEM

GS

SPY

Goldman Sachs predicts no further Federal Reserve interest rate hikes in 2023 and anticipates a wave of cuts in 2024. The firm believes that the economic momentum remains strong, with Q3 GDP growth tracking at 3.3%, and that the labor market and inflation are balanced. Goldman Sachs also forecasts a 5.6% increase in the S&P 500 Index, represented by the SPDR S&P 500 ETF Trust (NYSE:SPY), and an 11.7% rise in the iShares Emerging Markets Index Fund (NYSE:EEM) over the next 12 months.

Portfolio Pulse from Piero Cingari

September 18, 2023 | 2:16 pm

YUM

Yum Brands's (NYSE:YUM) short percent of float has fallen 24.73% since its last report, with 3.83 million shares sold short, which is 1.37% of all regular shares available for trading. It would take traders 2.59 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 8.66%.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 2:15 pm

HZNP

Horizon Therapeutics's (NYSE:HZNP) short percent of float has risen 20.52% since its last report, indicating increased bearish sentiment. The company has 9.48 million shares sold short, which is 4.17% of all regular shares available for trading. This is higher than the peer group average of 3.45%. However, increased short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 2:15 pm

GIS

General Mills's (NYSE:GIS) short percent of float has fallen 4.28% since its last report, indicating a more bullish sentiment towards the stock. The company has 14.25 million shares sold short, which is 2.46% of all regular shares available for trading. Compared to its peers, General Mills has less short interest, with an average of 4.31% for its peer group.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 2:15 pm

NKLA

Nikola Corporation has announced the appointment of a new Chief Operating Officer, which has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:14 pm

SPY

U.S. Treasury Secretary Janet Yellen stated that she sees no signs of an economic downturn, according to CNBC. This statement could influence investor sentiment and market trends.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:13 pm

MSFT

Microsoft Corp. (NASDAQ:MSFT) saw Sony's PlayStation price hike as an opportunity to win fans rather than follow suit with a similar Xbox price hike. This decision was influenced by Xbox's lagging sales and performance compared to PlayStation. The company's internal discussions revealed a focus on gamer-centric strategies and improvements in SSD performance and developer optimizations.

Portfolio Pulse from Rounak Jain

September 18, 2023 | 2:13 pm

LI

Investor Business Daily SwingTrader has reportedly sold its stock in Li Auto.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:11 pm

GPP

GPRE

Green Plains Partners LP (GPP) and Green Plains Inc. (GPRE) have entered a definitive merger agreement. The transaction, expected to close in 4Q23, will see GPP become a wholly-owned subsidiary of GPRE. The deal offers a 20% premium over the closing price of GPP's common units as of May 3, 2023. The merger aims to simplify the corporate structure, boost earnings, and align strategic interests.

Portfolio Pulse from Akanksha Bakshi

September 18, 2023 | 2:10 pm