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Stock Prices

WMT

Walmart's CEO has expressed optimism for the upcoming holiday season and the following year, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 4:59 pm

WMT

Walmart CEO, at the Goldman Sachs Conference, stated that they expect prices to decrease in general merchandise in the short term, but not to the levels seen 2 years ago. He also mentioned the need for new Sam's Club stores in Texas and Florida.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 4:56 pm

AAPL

AVGO

FOSL

QCOM

QRVO

SONY

SSNGY

SWKS

TSM

Apple Inc is hosting a major event called Wonderlust to showcase its next product cycle, including the new iPhone 15 and Apple Watch. This event could impact the stocks of its suppliers and competitors, including Sony, Qualcomm, Skyworks Solutions, Taiwan Semiconductor Manufacturing, Qorvo, Broadcom, Samsung Electronics, and Fossil Group.

Portfolio Pulse from Chris Katje

September 12, 2023 | 4:47 pm

CTCX

Axolotl, a client of Moonshot, has announced a merger with Carmell Therapeutics. Upon closing, Axolotl's shareholders will receive $65M in CTCX stock and could gain up to $75M in potential milestone equity payments.

Portfolio Pulse from Bill Haddad

September 12, 2023 | 4:47 pm

CMG

Chipotle Mexican Grill Inc.'s (NYSE:CMG) stock price is currently at $1921.95, after a 1.38% drop. However, over the past month, the stock increased by 3.99%, and in the past year, by 11.64%. The company's P/E ratio is 48.7, lower than the aggregate P/E ratio of 160.01 in the Hotels, Restaurants & Leisure industry, which could indicate that the stock is undervalued.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 4:45 pm

MCK

MDB

QCOM

Insiders at Blackstone Inc. (BX), MongoDB, Inc. (MDB), McKesson Corporation (MCK), and QUALCOMM Incorporated (QCOM) have recently sold shares. While insider sales can indicate concern about a company's prospects or overpricing, they should not be the sole indicator for investment decisions. Blackstone recently sold Simply Self Storage to Public Storage for $2.2 billion. MongoDB reported better-than-expected Q2 results and issued FY24 guidance above estimates. McKesson posted upbeat quarterly results. Wells Fargo maintained Qualcomm with an Underweight and raised the price target from $95 to $100.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 4:44 pm

CTCX

Axolotl, a client of Moonshot, has announced a merger with Carmell Therapeutics. Upon closing, Axolotl's shareholders will receive $65M in CTCX stock and could gain up to $65M in potential milestone equity payments.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 4:39 pm

CVS

CVS shares are trading higher following an upgrade from Wolfe Research, which changed its rating from Peer Perform to Outperform.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 4:39 pm

BTCUSD

ETHUSD

During the testimony of U.S. Securities and Exchange Chair Gary Gensler before Congress, Bitcoin (BTC) and Ethereum (ETH) prices rose by nearly 4%. Gensler reiterated his stance that crypto asset securities markets should be subject to the same protections as traditional securities. He also suggested that most crypto tokens likely meet the investment contract test, implying they should comply with securities laws.

Portfolio Pulse from Khyathi Dalal

September 12, 2023 | 4:37 pm

MDT

Medtronic's (NYSE:MDT) short percent of float has risen 12.5% since its last report, with 7.23 million shares sold short, which is 0.54% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards the stock. However, compared to its peers, Medtronic has less short interest as a percentage of float, with an average of 3.25%.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 4:30 pm