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CANO

HAS

INTU

IWM

SPY

VLO

VUG

WDAY

XLE

XLK

The Federal Reserve's Jackson Hole symposium provided a reassuring tone to investors, leading to a positive response from the markets. The SPDR S&P 500 ETF Trust (SPY), Technology Select Sector SPDR Fund (XLK), Energy Select Sector SPDR Fund (XLE), iShares Russell 2000 ETF (IWM), and Vanguard Growth ETF (VUG) all saw gains. Notable performers within these ETFs included Hasbro Inc. (HAS), Intuit Inc. (INTU), Valero Energy Corp. (VLO), Cano Health, Inc. (CANO), and Workday Inc. (WDAY).

Portfolio Pulse from Piero Cingari

August 25, 2023 | 9:11 pm

PEPEUSD

A significant amount of Pepe (CRYPTO: PEPE) meme coin entered crypto exchanges, leading to a decline in its price. The token's market value decreased by $100 million, dropping from $444.4 million to $344.7 million. This was after 16 trillion tokens were transferred from the PEPE multisig wallet to addresses linked with Binance, OXK and Bybit. Crypto analyst Miles Deutscher stated that while profit-taking in crypto was normal, the suddenness of the transactions raised some red flags.

Portfolio Pulse from Murtuza Merchant

August 25, 2023 | 9:02 pm

NKE

Over the past 15 years, Nike (NYSE:NKE) has outperformed the market by 4.67% on an annualized basis, producing an average annual return of 13.25%. If an investor had bought $100 of NKE stock 15 years ago, it would be worth $652.30 today.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 9:00 pm

CLVT

Clarivate (NYSE:CLVT) has received mixed analyst ratings in the last quarter, with 1 bullish, 4 somewhat bullish, 4 indifferent, and 1 somewhat bearish. The average price target is $9.15, implying an upside from the current price of $7.14. This average has decreased by 21.59% from the previous average price target of $11.67.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 9:00 pm

LRCX

Lam Research (NASDAQ:LRCX) has outperformed the market over the past 15 years, producing an average annual return of 21.4%. If an investor had bought $1000 of LRCX stock 15 years ago, it would be worth $17,961.64 today.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 9:00 pm

TREX

Over the past 3 months, 16 analysts have published their opinion on Trex Co (NYSE:TREX) stock. The average price target for the stock is $75.81, with a high of $85.00 and a low of $58.00. The average price target has increased by 14.4% over the past month.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 9:00 pm

A significant bullish position has been taken on JD.com (NASDAQ:JD), as observed from publicly available options history. The sentiment among big-money traders is split between 52% bullish and 47% bearish. Whales have been targeting a price range from $25.0 to $45.0 for JD.com over the last 3 months. The current price of JD.com is $32.96, down by 0.18%. Analysts from JP Morgan, B of A Securities, Citigroup, and Mizuho have maintained their ratings on JD.com with price targets of $40, $51, $64, and $60 respectively.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 8:46 pm

DDOG

A significant bullish stance has been taken on Datadog (NASDAQ:DDOG) by a large investor, as indicated by unusual options trading activity. The sentiment among these big-money traders is 68% bullish and 31% bearish. The price target for Datadog over the last 3 months has been between $40.0 and $115.0. Several financial institutions have maintained or downgraded their ratings on Datadog, with price targets ranging from $110 to $130.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 8:45 pm

SPY

Federal Reserve officials expressed a range of opinions at the Jackson Hole Symposium, with Fed Chair Jerome Powell indicating readiness to hike rates, while others, like Chicago Fed President Austan Goolsbee, expressed caution. Goolsbee emphasized the ongoing work of the Fed to manage inflation, and voiced concerns about supply chain disruptions and the potential impact of a significant auto strike. The statements from Fed officials led to a 0.8% increase in the SPDR S&P 500 ETF Trust (NYSE:SPY).

Portfolio Pulse from Piero Cingari

August 25, 2023 | 8:40 pm

DHR

Danaher Corporation (NYSE:DHR) has announced the completion of the previously announced separation of Veralto Corporation on September 30, 2023. The Danaher Board of Directors has declared a pro rata dividend of all of the common stock of Veralto Corporation to Danaher stockholders. The dividend is payable on September 30, 2023, in connection with the previously announced separation of Danaher's existing Environmental and Applied Solutions segment through the planned spin-off of Veralto. Danaher also announced that it expects 'when-issued' trading of Veralto common stock to begin on September 27, 2023, on the New York Stock Exchange (NYSE), under the symbol 'VLTO WI.'

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 8:32 pm