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AMD

Advanced Micro Devices, Inc. (AMD) shares closed higher on Wednesday, rebounding from recent losses related to China's tech sector news. The stock has risen by roughly 4% since Monday, despite China's ban on iPhones for official use and competition from Huawei's new smartphones. The rise was not affected by August's hot inflation report, with the broader semiconductor sector responding well.

Portfolio Pulse from Ryan Gustafson

September 13, 2023 | 8:07 pm

OKYO

OKYO Pharma has announced a public offering of ordinary shares worth $4 million.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 8:06 pm

SPY

The SPDR S&P 500 ETF Trust (NYSE:SPY) is experiencing historically low levels of relative volatility, ranking in the bottom 3 percentile for relative historical volatility over the past twelve months. However, near-term Implied Volatility (IV) term structure reveals elevated volatility levels for contracts expiring on 9/14/2023, and backwardation properties for the 9/17/2023 expiry. The volatility smile for SPY options expiring on 9/14/2023 and 9/18/2023 shows a disparity between implied volatility for calls and puts, indicating a demand for downside risk protection.

Portfolio Pulse from Dara Akhavein

September 13, 2023 | 8:04 pm

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STLA

The European Commission is considering imposing tariffs on Chinese electric vehicle (EV) imports, which could benefit European automakers like Renault SA and Stellantis N.V. due to reduced competition. However, German automakers like BMW AG, Mercedes-Benz Group AG, and Porsche Automobile Holding SE could face risks due to their exposure to the Chinese market. Chinese EV makers like BYD Co. Ltd., NIO Inc., and Li Group Inc. could also be negatively impacted.

Portfolio Pulse from Piero Cingari

September 13, 2023 | 8:01 pm

RCL

A significant investor has taken a bullish stance on Royal Caribbean Gr (NYSE:RCL), with 60% of recent trades being bullish and 40% bearish. The total amount for puts was $288,676 and for calls was $204,038. Whales have been targeting a price range from $70.0 to $105.0 for Royal Caribbean Gr over the last 3 months. The current price of RCL is down -2.12% at $96.9. Next earnings are expected in 50 days.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 8:01 pm

PD

PagerDuty (NYSE:PD) has received one somewhat bullish and three indifferent analyst ratings in the last quarter. The average 12-month price target for the company, according to four analysts, is $26.75, a decrease of 8.8% from the previous average of $29.33.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 8:01 pm

CSCO

Cisco Systems (NASDAQ:CSCO) has received mixed analyst ratings in the last quarter, with 1 bullish, 4 somewhat bullish, 10 indifferent, and 1 somewhat bearish. The average 12-month price target for Cisco Systems is $56.97, an increase of 4.05% from the previous average price target of $54.75.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 8:00 pm

CUBE

CubeSmart (NYSE:CUBE) has received various analyst ratings in the last quarter, with 1 bullish, 3 somewhat bullish, and 2 indifferent. The average price target is $48.17, representing an upside from the current price of $40.2. This average is a 4.42% decrease from the previous average price target of $50.40.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 8:00 pm

ICLR

Icon (NASDAQ:ICLR) has received 4 analyst ratings in the last quarter, with 3 being bullish and 1 somewhat bullish. The average price target is $282.0, implying an upside from the current price of $265.415. This average has increased by 8.46% from the previous average price target of $260.00.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 8:00 pm

CMI

Cummins (NYSE:CMI) has outperformed the market over the past 15 years, producing an average annual return of 10.19%. If an investor had bought $100 of CMI stock 15 years ago, it would be worth $436.54 today. The company currently has a market capitalization of $33.04 billion.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 8:00 pm