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UUP

The U.S. economy is facing renewed inflation concerns as the Producer Price Index (PPI) recorded a year-on-year increase of 1.6% in August 2023, exceeding economists' consensus estimate of 1.2%. The Consumer Price Index (CPI) for August also surged to 3.7% year-on-year. The U.S. dollar index (DXY), monitored through the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), gained 0.4% in response. These inflation figures could influence the Federal Reserve's decision on interest rates in their upcoming meeting.

Portfolio Pulse from Piero Cingari

September 14, 2023 | 1:05 pm

IE

Ivanhoe Electric has announced a $150 million public offering of common stock, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:03 pm

IBEX

IBEX reported worse-than-expected Q4 financial results and issued Q1 and FY24 revenue guidance below estimates, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:03 pm

AAPL

BTCUSD

TSLA

The White House accuses China of banning iPhones as retaliation in the ongoing trade war. Cathie Wood sells $13.88M worth of Tesla stock following a 9% rally. Shiba Inu token burn surpasses 61M as whales multiply net-flow by over 275% in 7 days. Singapore is set to review ride-hailing regulations, with Grab and GoTo on the radar. Tesla CEO Elon Musk suggests a solution for keying in Cybertruck. Ford's Jim Farley fires back at UAW leader as strike deadline approaches.

Portfolio Pulse from Akanksha Bakshi

September 14, 2023 | 1:02 pm

ETSY

Etsy's stock has been upgraded from Peer Perform to Outperform by Wolfe Research, which also set a new price target of $100.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:02 pm

CBRL

Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) reported better-than-expected earnings for Q4 FY23, with an adjusted EPS of $1.79, beating the consensus estimate of $1.61. However, the company's revenue growth of 0.8% YoY to $836.7 million missed the analyst consensus of $842.61 million. The company expects Q1 sales of $800 million - $850 million. The company's dividend yield is currently 7.01%, with a quarterly dividend amount of $1.30 a share. The company's shares fell 3% to close at $71.93 on Wednesday.

Portfolio Pulse from Priya Nigam

September 14, 2023 | 1:02 pm

MRO

Marathon Oil (NYSE:MRO) has received mostly bullish ratings from analysts in the last quarter, with 6 bullish, 5 somewhat bullish, and 2 indifferent ratings. The average 12-month price target for the company is $33.0, a 2.22% decrease from the previous average of $33.75.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 1:01 pm

NCLH

Over the last quarter, Norwegian Cruise Line (NYSE:NCLH) has received mixed analyst ratings, with 2 bullish, 5 indifferent, and 2 somewhat bearish. The company's average 12-month price target is $20.0, with a high of $26.00 and a low of $14.50. This average price target has increased by 21.8% over the past month.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 1:01 pm

IGT

Apollo Global Management is reportedly among the potential suitors interested in acquiring the global gaming unit of International Game Technology (IGT). This has led to a rise in IGT's stock price.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 1:01 pm

ULCC

Frontier Group Holdings (NASDAQ:ULCC) has received various analyst ratings in the last quarter, with 1 bullish, 5 somewhat bullish, and 3 indifferent. Over the past 3 months, 9 analysts have offered 12-month price targets for the company, with an average price target of $11.78, a 15.19% decrease from the previous average price target of $13.89.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 1:01 pm