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GBIL

IGSB

SGOV

SHY

SPTS

The Fed funds rate is at 5.5%, its highest level since the early 2000s, prompting investors to reconsider riskier assets such as stocks. The resilience of the U.S. economy has led to a spike in U.S. Treasury yields, with the 2-year yield recently breaking the 5% barrier. This has resulted in a surge of investments into short-term bond ETFs, with $7 billion flowing into ultra-short bond ETFs in August. Five short-term Bond ETFs that have attracted substantial investments are iShares 0-3 Month Treasury Bond ETF (SGOV), Goldman Sachs Access Treasury 0-1 Year ETF (GBIL), SPDR Portfolio Short Term Treasury ETF (SPTS), iShares 1-3 Year Treasury Bond ETF (SHY), and iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB).

Portfolio Pulse from Piero Cingari

September 07, 2023 | 4:45 pm

AAPL

MSFT

NVDA

NVIDIA Corp (NASDAQ:NVDA) has seen a surge in shares due to explosive AI-fueled growth, crossing the $1 trillion market cap this year. The company pays high salaries to its employees, ranging from $74,460 to $786,000, which is significantly higher than fellow AI leaders Microsoft Corp (NASDAQ:MSFT) and Apple Inc (NASDAQ:AAPL). AI jobs are in high demand, with positions such as 'prompt engineers' earning up to $335,000 per year.

Portfolio Pulse from Adam Eckert

September 07, 2023 | 4:43 pm

LOW

TTC

Toro Co's shares fell by 13% after reporting worse-than-expected Q3 results and cutting its FY23 guidance. The company reported a 7% Y/Y sales decline to $1.08 billion, missing the consensus of $1.22 billion. Adjusted EPS of $0.95 also missed the consensus of $1.24. The company cited macro factors and unfavorable weather patterns as reasons for the decline. Toro also announced a strategic deal with Lowe's Companies Inc, making Toro's products available at all Lowe's stores for the Spring 2024 season.

Portfolio Pulse from Lekha Gupta

September 07, 2023 | 4:37 pm

FCX

A whale investor has taken a bullish stance on Freeport-McMoRan (NYSE:FCX), with 60% of the investors opening trades with bullish expectations and 40% with bearish. The whales have been targeting a price range from $35.0 to $45.0 for Freeport-McMoRan over the last 3 months. The price of FCX is currently down -2.0% at $39.6. Next earnings are expected to be released in 42 days.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 4:31 pm

VERB

Verb Technology shares are trading lower following a rally on Tuesday due to news of a technology integration with TikTok.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 4:31 pm

GILD

Gilead Sciences (NASDAQ:GILD) has outperformed the market over the past 20 years, producing an average annual return of 11.97%. If an investor had bought $1000 of GILD stock 20 years ago, it would be worth $8,998.03 today.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 4:30 pm

CHTR

DIS

FUBO

GOOG

GOOGL

NFLX

ROKU

The ongoing dispute between The Walt Disney Company (DIS) and Charter Communications (CHTR) could impact the ability of consumers to watch NFL games and the U.S. Open tennis tournament. Analysts suggest that Disney should cave to Charter's demands to maximize ad revenues and avoid a potential $1B/year fall in ad revenue. Without an agreement, Disney could see its revenue fall, but its costs for sports rights would remain the same. Other companies like FuboTV (FUBO), Alphabet (GOOG, GOOGL), Netflix (NFLX), and Roku (ROKU) could benefit from the dispute.

Portfolio Pulse from Chris Katje

September 07, 2023 | 4:30 pm

SFTBY

VWAGY

SoftBank Group Corp has invested over $1 billion in autonomous trucking startup, Stack AV, led by founders formerly associated with Ford Motor Company and Volkswagen AG. This investment comes after SoftBank sold its stake in Cruise LLC to General Motors Co for $2.1 billion. SoftBank is also preparing for the IPO of Arm Holdings Ltd, a leading chip designer, with expected valuations between $50 billion to $54 billion.

Portfolio Pulse from AJ Fabino

September 07, 2023 | 4:29 pm

CURLF

CVSI

The cannabis market is diversifying with infused beverages and gummies gaining popularity. Notable products include HoBuzz, a non-alcoholic seltzer infused with Delta-8 THC, Brelixi's drink mixes that combine nano cannabis technology with health-centric ingredients, Trait Biosciences' water-soluble cannabinoid (CBD) ingredient, Trait Distilled, and Curaleaf Holdings' Zero Proof Squeeze, a THC beverage enhancer. In the gummy market, PME by Design has launched WendyJane HHC Gummies, and CV Sciences has entered the sleep aid market with +PlusCBD Reserve Collection Sleep Gummies.

Portfolio Pulse from Joana Scopel

September 07, 2023 | 4:24 pm

ROL

Rollins Inc (NYSE:ROL) shares are trading lower after pricing a secondary public offering of 38.7 million shares by existing stockholder LOR Inc. The offer price of $35.00 per share represents an 8% discount to the company’s closing price on September 6, 2023. The company has also agreed to repurchase 8.72 million shares of common stock for approximately $300 million.

Portfolio Pulse from Shivani Kumaresan

September 07, 2023 | 4:24 pm