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A Bloomberg survey indicates that over half of the participants expect U.S. personal consumption to drop by early 2024, marking the first quarterly dip post-pandemic. This could impact retail stocks, which have been booming in 2023. The SPDR Retail ETF (XRT), Carvana Co. (CVNA), Abercrombie & Fitch Co. (ANF), and Amazon.com Inc. (AMZN) have all seen positive returns. The Consumer Discretionary Select Sector SPDR Fund (XLY) and the SPDR S&P 500 ETF Trust (SPY) have also surged, as have Tesla Inc. (TSLA), Royal Caribbean Cruise Ltd. (RCL), and Carnival Corp. (CCL). However, concerns over escalating borrowing costs, depleting consumer savings, and rising debt indicators could pose challenges.

Portfolio Pulse from Piero Cingari

September 11, 2023 | 2:30 pm

UPS

United Parcel Service (UPS) has an option alert for Friday $165 calls sweep near the ask with 1209 at $0.35 versus 1210 open interest. The company's earnings report is due on 10/26 before the market opens.

Portfolio Pulse from Charles Gross

September 11, 2023 | 2:28 pm

AZN

A report from 'This Is Money UK' suggests that AstraZeneca's CEO, Sir Pascal Soriot, is considering stepping down from his position. The news is being circulated among traders.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 2:25 pm

MSOS

AdvisorShares Pure US Cannabis ETF (NASDAQ:MSOS) shares are trading higher, up 5.4% to $8.74 during Monday's session, due to the recent surge in the cannabis sector. This is attributed to the news that the Department of Health and Human Services (HHS) proposed reclassifying marijuana to a lower-risk drug category. Over the past week, MSOS has risen 22.5%.

Portfolio Pulse from Henry Khederian

September 11, 2023 | 2:24 pm

CMCSA

Comcast Corp's Xfinity experienced outages on Sunday, affecting TV streaming, signal, and landline internet services. The disruption coincided with the National Football League games. Despite this, Comcast's shares traded higher by 1.38% at $45.65 on Friday.

Portfolio Pulse from Anusuya Lahiri

September 11, 2023 | 2:24 pm

ACB

Aurora Cannabis Inc. has repurchased nearly $9 million of its convertible senior notes in multiple transactions to reduce debt and annual cash interest costs. This move is part of the company's goal to achieve positive free cash flow in 2024. The transactions will save Aurora more than $485 thousand in annualized interest payments. After the repurchases, Aurora will have approximately $39 million of convertible senior notes outstanding. The company's shares are trading higher following the announcement.

Portfolio Pulse from Erica Kollmann

September 11, 2023 | 2:24 pm

NKLA

Nikola Corp (NASDAQ:NKLA) shares are down 4.7% following another truck fire incident, the second this week and fourth this year. The incident occurred during a battery fire investigation and testing. No injuries were reported as the truck was located outdoors.

Portfolio Pulse from Henry Khederian

September 11, 2023 | 2:23 pm

FCEL

GRNT

IHS

SJM

Several US stocks recorded losses on Monday despite the overall market trading higher. Notable decliners include IHS Holding Limited, Granite Ridge Resources, Puyi Inc., Butterfly Network, Madrigal Pharmaceuticals, FuelCell Energy, Virgin Galactic Holdings, Marathon Digital Holdings, The J. M. Smucker Company, SmartRent, Pharvaris N.V., Vertical Aerospace, RTX Corporation, and VinFast Auto Ltd.

Portfolio Pulse from Lisa Levin

September 11, 2023 | 2:22 pm

SCWX

B of A Securities analyst Tal Liani maintains an 'Underperform' rating on SecureWorks (NASDAQ:SCWX) and lowers the price target from $6.5 to $6.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 2:21 pm

CHK

Truist Securities analyst Neal Dingmann has maintained a 'Buy' rating on Chesapeake Energy (NASDAQ:CHK) and raised the price target from $100 to $110.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 2:13 pm