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NVDA

SFBQF

Chipmaker Arm has filed for a Nasdaq listing under the ticker symbol 'ARM'. Previously acquired by SoftBank Corp for $32 billion in 2016, Arm was initially intended to be sold to Nvidia Corp but faced regulatory scrutiny. The company, which designs the architecture of chips in 99% of all smartphones, is currently facing a decline in product demand. However, its potential IPO could represent a demand for new offerings for investors.

Portfolio Pulse from Ryan Gustafson

August 21, 2023 | 9:25 pm

AAP

EBS

KVUE

Kenvue will replace Advance Auto Parts in the S&P 500, and Advance Auto Parts will replace Emergent BioSolutions in the S&P SmallCap 600, effective August 25.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 9:23 pm

NVDA

TSLA

Tech giants NVIDIA Corp (NASDAQ:NVDA) and Tesla Inc (NASDAQ:TSLA) saw their stocks surge by 8.5% and 7.3% respectively on Monday, adding more than $120 billion to their combined market value. This increase matches the entire value of companies like Starbucks Corp (NASDAQ:SBUX), Goldman Sachs Group (NYSE:GS), and Lockheed Martin Corp (NYSE:LMT). Other companies with lower market capitalization than the value of Tesla and Nvidia's gain include Blackstone Inc (NYSE:BX), Sony Group Corp (NYSE:SONY), AT&T Inc (NYSE:T), Anheuser-Busch InBev (NYSE:BUD), CVS Health Corp (NYSE:CVS), AirBnb Inc (NASDAQ:ABNB), Altria Group (NYSE:MO), and Shopify Inc (NASDAQ:SHOP).

Portfolio Pulse from Aaron Bry

August 21, 2023 | 9:08 pm

MPW

Medical Properties Trust (NYSE:MPW) has received mixed analyst ratings in the last quarter, with 1 somewhat bullish, 1 indifferent, and 2 somewhat bearish. The average price target is $8.75, indicating potential upside from the current price of $7.01. However, this average has decreased by 10.26% from the previous target of $9.75.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 9:00 pm

NVDA

The NASDAQ's critical support level broke last week and has not recovered, with the next areas of support being 14400 and 14250. Nvidia's (NASDAQ:NVDA) earnings announcement on Wednesday could be a deciding factor for the NASDAQ's support level, especially following a 2-3% move in NASDAQ futures this week. Nvidia is currently expecting $11 billion in revenue for this quarter, putting considerable pressure on the company to deliver.

Portfolio Pulse from Thrash Capital

August 21, 2023 | 8:50 pm

UTEN

The 10-year Treasury note yield has hit a 4.35% threshold, unseen since 2007, offering a potential 53% return over the next decade. However, rising yields could exert downward pressure on stocks, particularly in the communication services, consumer staples, and technology sectors. The US Treasury 10 Year Note ETF (NASDAQ:UTEN) tracks the 10-year Treasury note.

Portfolio Pulse from Piero Cingari

August 21, 2023 | 8:50 pm

PFE

A significant bearish stance has been taken on Pfizer (NYSE:PFE) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 45% bullish and 54% bearish. The price range targeted by these investors for Pfizer over the last 3 months is from $31.0 to $47.5. Analysts from Truist Securities, Morgan Stanley, and BMO Capital have maintained their Buy, Equal-Weight, and Outperform ratings on Pfizer respectively.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 8:45 pm

HE

Hawaiian Electric (HE) has responded to a recent downgrade by Fitch Ratings, attributing the market's reaction to 'speculation and opportunism'. The company is still investigating the cause of an incident in Maui.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:40 pm

DIA

The Dow Jones Industrial Average, closely tracked by the SPDR Dow Jones Industrial Average ETF (NYSE:DIA), is struggling below its 50-day moving average, indicating a potential bearish trend. The index has retreated by 3.4% since its peak on August 1. Momentum indicators such as the 14-day Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) signal a potential trend reversal.

Portfolio Pulse from Piero Cingari

August 21, 2023 | 8:36 pm

FL

KSS

M

ULTA

URBN

The retail sector is preparing for earnings week, with several major companies set to release their quarterly reports. Urban Outfitters, Macy's, Kohl's, Foot Locker, and Ulta Beauty are among the companies that will be reporting. Analysts expect varying performances from these companies, with some showing promising growth and others facing challenges.

Portfolio Pulse from AJ Fabino

August 21, 2023 | 8:35 pm