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AMD

ARM

INTC

NVDA

Needham analyst Charles Shi initiated coverage on ARM Holdings with a Hold rating, citing the changing semiconductor landscape. Shi sees the world entering a post-smartphone era with high-performance computing and IoT leading the next phase of semiconductor growth. Despite ARM's success in smartphones, Shi believes the company will face challenges in these new growth areas. ARM's contribution to IoT is still below 10% and the company faces competition from Nvidia, Intel, and AMD in the data center ecosystem. ARM shares traded lower by 1.57% at $62.56.

Portfolio Pulse from Anusuya Lahiri

September 15, 2023 | 3:42 pm

ADNT

ALV

APTV

BASFY

CTTAY

DAN

DNZOY

LEA

MGA

NUE

STLA

The United Auto Workers (UAW) union has initiated a strike against Detroit's three major automakers: Ford Motor Co, General Motors Co, and Stellantis NV. The strike may have repercussions on auto suppliers that provide vital components and services to these automakers. The Biden administration is considering extending emergency financial support to the affected auto suppliers. The strike has affected all three automakers at their respective assembly plants.

Portfolio Pulse from AJ Fabino

September 15, 2023 | 3:42 pm

KMPR

PLNT

PTCT

Several US stocks recorded losses on Friday, including PTC Therapeutics, which fell 31.6% after a negative opinion on its Translarna treatment, Planet Fitness, which dropped 15.2% following a CEO change, and Kemper Corporation, which fell 10.5% after appointing an interim CFO. Other companies that saw declines include Mitek Systems, GDEV Inc., Kaixin Auto Holdings, The Vita Coco Company, Ambrx Biopharma, Perfect Corp., Iris Energy Limited, FingerMotion, Super Micro Computer, Lindsay Corporation, ProKidney Corp., AlloVir, Hovnanian Enterprises, and The Aaron's Company.

Portfolio Pulse from Lisa Levin

September 15, 2023 | 3:38 pm

LOW

A significant bearish stance has been taken on Lowe's Companies (NYSE:LOW) by a large investor or institution, as indicated by a large position in options. The sentiment among these big-money traders is split between 27% bullish and 72% bearish. The price target for Lowe's Companies over the last 3 months has been between $190.0 to $240.0. The stock price is currently down by 3.16% at $223.58. Analysts have mixed ratings on the company, with some maintaining their buy or overweight ratings and others downgrading to market perform or hold.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 3:33 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has outperformed the market over the past 20 years by 1.32% on an annualized basis, producing an average annual return of 8.9%. If an investor had bought $1000 of MRVL stock 20 years ago, it would be worth $5,571.90 today.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 3:30 pm

ANSS

Ansys (NASDAQ:ANSS) has outperformed the market over the past 15 years, producing an average annual return of 14.6%. If an investor had bought $1000 of ANSS stock 15 years ago, it would be worth $7,422.98 today. The company currently has a market capitalization of $26.68 billion.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 3:30 pm

AutoNation Inc (NYSE:AN) shares are trading lower by 3.76% to $153.24, pulling back following recent strength. The United Auto Workers (UAW) union has launched a simultaneous strike against the Detroit three automakers, which could disrupt new vehicle production and potentially drive used car prices higher. This could benefit AutoNation by driving up sales and revenues.

Portfolio Pulse from Henry Khederian

September 15, 2023 | 3:20 pm

HOLO

IDAI

MYTE

RCKT

Benzinga's Stock Whisper Index has identified five stocks that warrant attention for the week of Sept. 15, 2023. These include MicroCloud Hologram (NASDAQ:HOLO), Rocket Pharmaceuticals (NASDAQ:RCKT), T Stamp Inc (NASDAQ:IDAI), Wheels Up Experience (NYSE:UP), and MYT Netherlands AD (NYSE:MYTE). The stocks have been highlighted due to various factors such as new product development, FDA alignment, patent acquisition, CEO appointment, and strong financial results.

Portfolio Pulse from Chris Katje

September 15, 2023 | 3:19 pm

SPY

The market adage 'Sell Rosh Hashanah, Buy Yom Kippur' has made a dramatic return in 2023. The strategy, which suggests selling stocks before the Jewish holidays and buying them back after, has yielded positive results in 2021 and 2022. This year, the commencement of Rosh Hashanah coincides with September’s quadruple witch expiration, which could lead to extra volatility. The SPDR S&P 500 ETF Trust (NYSE:SPY) opened at $447.15 on Friday. The S&P 500 index has shown resilience this year despite rapidly rising interest rates and economic challenges.

Portfolio Pulse from Joel Elconin

September 15, 2023 | 3:18 pm

GEHC

A significant bullish stance has been taken on GE HealthCare Techs (NASDAQ:GEHC) by a large investor, as observed in the options history. The overall sentiment of these big-money traders is split between 54% bullish and 45% bearish. The whales have been targeting a price range from $60.0 to $70.0 for GEHC over the last 3 months. The current price of GEHC is $66.14, up 0.21%.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 3:17 pm