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SPY

US consumer sentiment fell from 69.5 in August to 67.7 in September, missing expectations of 69.1. Despite the decline, the gauge remains above the six-month moving average of 64.62. Expectations for inflation over the next year fell sharply from 3.5% to 3.1%. The SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.7% in response to the consumer sentiment data.

Portfolio Pulse from Piero Cingari

September 15, 2023 | 2:16 pm

AAPL

Apple Inc's (NASDAQ:AAPL) latest flagship, the iPhone 15 Pro Max, is experiencing delivery delays due to high demand, particularly in China. The delays are affecting all colors and most storage capacities. Despite a starting price of $1,199 and price hikes in key markets like China, Japan, and India, the demand for the device remains robust. The standard iPhone 15 Pro and lower-end models are not experiencing the same level of delays.

Portfolio Pulse from Anusuya Lahiri

September 15, 2023 | 2:14 pm

EOG

HAL

MPC

MRO

SLB

XOM

Oil prices have surged past $90 per barrel, a level not seen in the last 10 months, due to an improving global demand outlook and tightening supplies. This has resulted in a 30% increase in the U.S. oil benchmark over the past three months. Factors contributing to the surge include stronger-than-expected U.S. economic data, China's stimulus measures, and the prospect of central banks ending their tightening campaigns. On the supply side, oil producers are extending production cuts and oil inventories are at historically low levels. Several U.S. oil-related stocks show varying degrees of sensitivity to these oil price fluctuations.

Portfolio Pulse from Piero Cingari

September 15, 2023 | 2:10 pm

ARM

NVDA

QQQ

SPY

TSM

Nvidia Corp's stock is trading lower in line with the broader index SPDR S&P 500 and Invesco QQQ Trust, Series 1. Nvidia is facing supply chain constraints due to Taiwan Semiconductor Manufacturing Company Ltd postponing the delivery of high-end chipmaking equipment. British chip designer Arm Holdings Plc gained 25% on its trading debut, reaching a market cap of ~$68 billion.

Portfolio Pulse from Anusuya Lahiri

September 15, 2023 | 2:04 pm

MYTE

Analysts have provided ratings for MYT Netherlands Parent (NYSE:MYTE) with 2 bullish and 2 indifferent ratings in the last quarter. The average price target is $6.3, representing an upside from the current price of $4.2. This is a 23.17% decrease from the previous average price target of $8.20.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 2:01 pm

SFIX

Stitch Fix (NASDAQ:SFIX) is set to release its latest quarterly earnings report on Monday, 2023-09-18. Analysts estimate an earnings per share (EPS) of $-0.21. The company's past performance shows a trend of beating EPS estimates, which has often led to an increase in share price. However, the stock has been down 34.73% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 2:01 pm

PK

Analysts have provided various ratings for Park Hotels & Resorts (NYSE:PK) within the last quarter, with 2 bullish and 4 indifferent ratings. The average 12-month price target for the company is $15.67, a decrease of 3.09% from the previous average price target of $16.17.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 2:01 pm

BP

BP's short percent of float has risen 11.76% since its last report, with 5.40 million shares sold short, which is 0.19% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards BP, potentially signaling that investors have become more bearish. However, BP's short interest as a percentage of float is less than its peer group average of 3.39%.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 2:00 pm

EL

Estee Lauder Cos (NYSE:EL) has received various analyst ratings in the last quarter, with a majority being bullish or somewhat bullish. The average 12-month price target for the company, according to 33 analysts, is $195.82, representing a 13.42% decrease from the previous average price target of $226.17.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 2:00 pm

URI

United Rentals (NYSE:URI) has outperformed the market over the past 20 years, producing an average annual return of 17.48%. If an investor had bought $100 of URI stock 20 years ago, it would be worth $2,489.44 today.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 2:00 pm