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SMCI

Super Micro Computer Inc (NASDAQ:SMCI) faces compliance and growth challenges, leading JP Morgan to downgrade its stock from Overweight to Neutral and cut the price target from $950 to $500. The downgrade is due to regulatory compliance issues and uncertainty in growth, despite a strong product portfolio.

Portfolio Pulse from Anusuya Lahiri

September 06, 2024 | 3:49 pm

SPY

In a CNBC interview, Fed's Goolsbee expressed concerns that maintaining the current level of monetary policy restrictiveness could increase the odds of a recession.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:44 pm

SPY

In a CNBC interview, Fed's Goolsbee expressed a tolerance for potential short-term increases in CPI, as the long-term trend shows inflation decreasing. This suggests a more flexible approach to monetary policy in response to inflation data.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:43 pm

SPY

In a CNBC interview, Fed's Goolsbee suggested that historical patterns indicate multiple policy rate adjustments are warranted when economic conditions slow down. This could imply potential future interest rate cuts by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:42 pm

DOCU

Docusign Inc (NASDAQ:DOCU) reported strong Q2 results, with revenues and earnings surpassing expectations. Despite this, analysts have mixed views, with some raising price targets and others expressing concerns about growth and market conditions.

Portfolio Pulse from Priya Nigam

September 06, 2024 | 3:42 pm

SPY

Federal Reserve's Waller emphasizes the need for flexibility in monetary policy as new data emerges. He notes that achieving a 2% inflation target doesn't imply a return to 2019 or 2020 price levels, and suggests that overly restrictive policies are undesirable.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:40 pm

MULN

Mullen Automotive shares are trading lower despite a new partnership between its subsidiary, Bollinger Motors, and Texas Consulting & Development. The collaboration aims to enhance Bollinger's vehicle portfolio and market penetration in various industries.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 3:38 pm

SPY

In a CNBC interview, Fed's Goolsbee discussed the potential for a 50 basis points rate cut in September, emphasizing that the path of cuts over the next several months is more crucial than the immediate decision. He remains hopeful for a 'soft landing' in the economy.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:37 pm

SPY

In a CNBC interview, Fed's Goolsbee described the Beige Book as downbeat, indicating warning signs for the economy. He emphasized the need for tight monetary policy only as long as necessary.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:35 pm

TNON

Tenon Medical shares have resumed trading after a temporary halt. This development is significant for investors monitoring the company's stock activity.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:33 pm