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Stock Prices

HE

Hawaiian Electric Industries, Inc. (NYSE:HE) shares fell 10.1% after announcing an Equity Distribution Agreement to issue up to $250 million in common shares. The company is also settling litigation claims related to the Maui windstorm and wildfires for $1.91 billion, with payments starting in 2025.

Portfolio Pulse from Lekha Gupta

September 19, 2024 | 5:29 pm

AAP

ADNT

AZO

CVNA

DAN

F

GM

GT

KMX

MOD

ORLY

TSLA

VC

Auto-related stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points. This move is expected to stimulate consumer spending and improve credit affordability, benefiting the auto industry.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:28 pm

NIO

Nio's new lower-priced brand, Onvo, has announced its first car, the L60 SUV, with a starting price of 149,900 Chinese Yuan ($21,210) when opting for battery services. This move is seen as a strategic effort to capture a larger market share in the electric vehicle sector.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:26 pm

NVDA

T

TMUS

VZ

T-Mobile US Inc (NASDAQ:TMUS) announced a three-year AI-focused plan, which has led to positive analyst reactions and increased price targets. The plan includes growth in wireless subscriber loading, service revenue, and free cash flow, with a focus on customer experience. Analysts expect sizable capital returns to shareholders and have raised price targets, reflecting confidence in T-Mobile's growth trajectory.

Portfolio Pulse from Priya Nigam

September 19, 2024 | 5:20 pm

CHWY

DBI

DKS

ETSY

FL

KIRK

PLCE

SFIX

SIG

VFC

Retail stocks are trading higher after the Fed's decision to cut rates, which is expected to boost consumer spending. The sector is also benefiting from strong August retail sales data.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:19 pm

SPY

President Biden delivered remarks at the Economic Club of Washington, D.C., which could influence market sentiment and potentially impact the SPDR S&P 500 ETF (SPY).

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:18 pm

CLSK

CleanSpark, Inc. (NASDAQ:CLSK) shares are trading higher due to a broad market rally following the Federal Reserve's first interest rate cut in four years. This has increased the attractiveness of risk assets like stocks and cryptocurrencies, including Bitcoin, which is trading above $63,000. CleanSpark's revenue growth in FY23 was 20.22%, and its stock has outperformed its peers despite a negative average annual growth rate.

Portfolio Pulse from Erica Kollmann

September 19, 2024 | 5:14 pm

DJT

Trump Media & Technology Group shares are declining, likely due to the expiration of a lockup period that restricts major shareholders, including Donald Trump, from selling stocks. Additionally, 2024 Presidential polls indicate Donald Trump is trailing Vice President Harris.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:10 pm

CBRL

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) reported Q4 earnings that missed expectations, with adjusted EPS at $0.98 versus the expected $1.10. Sales were $894.39 million, slightly below the $897.22 million consensus. The company plans to expand with new store openings and projects FY25 revenue between $3.4 billion and $3.5 billion. CBRL shares fell 0.67% following the report.

Portfolio Pulse from Nabaparna Bhattacharya

September 19, 2024 | 5:10 pm

BNTX

BioNTech (BNTX) is gaining attention as traders circulate a stock pick from a popular retail trading newsletter. This could lead to increased trading activity and potential short-term price movements.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:09 pm