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BB

CG

BlackBerry Limited (NYSE:BB) stock is trading higher amid reports of a potential takeover offer from Veritas Capital, a Carlyle Group (NASDAQ:CG) company. BlackBerry had previously shared plans to review its portfolio and consider strategic alternatives to boost shareholder value. The company reported Q1 revenue of $373 million, beating the consensus of $160.35 million, and its stock has gained 47% YTD.

Portfolio Pulse from Anusuya Lahiri

August 25, 2023 | 4:40 pm

SPY

Federal Reserve's Austan Goolsbee stated that the recent rise in bond yields may not pose a significant issue for the economy. This statement could potentially impact the performance of the SPY ETF.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 4:39 pm

KBE

KRE

SPY

XLF

Federal Reserve's Goolsbee stated that he doesn't see much economic drag from banking sector issues, according to CNBC. This could potentially impact the performance of banking and financial sector ETFs like KBE, KRE, XLF, and the broader market ETF SPY.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 4:38 pm

SPY

Federal Reserve's Goolsbee stated that a major victory for the Fed would be to cool inflation without causing a recession, according to CNBC.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 4:35 pm

PTON

Peloton Interactive Inc's (NASDAQ:PTON) shares are trading higher by 6.98% despite a lack of company-specific news. This follows the company's mixed fourth-quarter results, which included a decline in Connected Fitness subscribers and soft first-quarter revenue guidance. The company also received several analyst rating updates post the earnings report. PTON reported a 5% YoY sales decline to $642.1 million, beating the consensus of $639.9 million. However, the EPS loss was $(0.68), missing the consensus loss of $(0.38).

Portfolio Pulse from Henry Khederian

August 25, 2023 | 4:32 pm

UNH

A whale investor has taken a bullish stance on UnitedHealth Group (NYSE:UNH), with 70% of the investors opening trades with bullish expectations and 30% with bearish. The whales have been targeting a price range from $240.0 to $530.0 for UnitedHealth Group over the last 3 months. The current price of UNH is up 0.48% at $490.43. Stephens & Co. downgraded its action to Overweight with a price target of $560.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 4:31 pm

ASML

A significant bearish stance has been observed in ASML Holding's options activity. Out of 33 unusual trades, 60% were bearish and 40% bullish. The total amount for puts was $1,541,060 and for calls was $1,284,482. Whales have been targeting a price range from $400.0 to $820.0 for ASML Holding over the last 3 months. The current price of ASML is down -0.93% at $641.82.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 4:30 pm

TXN

Texas Instruments (NASDAQ:TXN) has outperformed the market over the past 20 years, producing an average annual return of 10.15%. If an investor had bought $100 of TXN stock 20 years ago, it would be worth $691.93 today. The company currently has a market capitalization of $151.03 billion.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 4:30 pm

ETN

Eaton Corp (NYSE:ETN) has outperformed the market over the past 15 years by 4.38% on an annualized basis, producing an average annual return of 12.93%. If an investor had bought $100 of ETN stock 15 years ago, it would be worth $609.70 today.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 4:30 pm

SPKY

SPY

UVXY

The SPDR S&P 500 (SPY) experienced volatility following Federal Reserve chair Jerome Powell's remarks at the Jackson Hole Symposium, indicating potential interest rate hikes. This led to increased volatility in the stock market, with the ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) spiking up almost 9%. SPKY is a 1.5x leveraged fund that tracks the SPIKES Futures Short-Term Index, similar to ProShares Ultra VIX Short Term Futures ETF (UVXY).

Portfolio Pulse from Melanie Schaffer

August 25, 2023 | 4:29 pm