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SPY

The June report of the Personal Consumption Expenditure (PCE) price index shows a gradual decrease in price pressures across the economy. The Fed's preferred measure of underlying inflation fell to 4.1% YoY, slightly below economist projections of 4.2%. Concurrently, consumer spending increased 0.5% in June, exceeding estimates of a 0.4% gain. The SPDR S&P 500 ETF Trust (NYSE:SPY) achieved new yearly highs on Thursday, but fell 0.7% due to a surprising policy tweak by the Bank of Japan.

Portfolio Pulse from Piero Cingari

July 28, 2023 | 12:43 pm

HPQ

STX

XRX

The most accurate Wall Street analysts have recommended selling three high-dividend yielding tech stocks: Seagate Technology Holdings (STX), HP Inc. (HPQ), and Xerox Holdings Corporation (XRX). The analysts have downgraded or maintained negative ratings for these stocks, despite their high dividend yields and recent financial results.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 12:39 pm

SPY

USA personal spending for June increased by 0.5%, beating the estimated 0.4% and the prior 0.2%.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 12:34 pm

SPY

The USA PCE price index for June increased by 0.2%, beating the estimated decrease of -0.1% and the prior figure of 0.1%.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 12:34 pm

SPY

The USA PCE Price index for June came in at 3.0%, lower than the estimated 3.1% and the prior figure of 3.8%.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 12:33 pm

CENN

Cenntro Automotive Group has regained compliance with Nasdaq's listing rule after filing its 2022 Form 10-K and Q1 2023 Form 10-Q with the SEC.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:33 pm

SPY

The USA Core PCE Price Index for June came in at 4.1%, lower than the estimated 4.2% and the prior figure of 4.6%.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 12:33 pm

SPY

The USA Core PCE Price Index for June came in at 0.2%, in line with estimates but lower than the previous month's 0.3%.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 12:32 pm

BEN

Franklin Resources (NYSE:BEN) reported Q3 adjusted earnings of $0.63 per share, beating the analyst consensus estimate of $0.60 by 5%. However, this is a 23.17% decrease from the same period last year. The company also reported quarterly sales of $1.97 billion, surpassing the analyst consensus estimate of $1.90 billion by 3.52%, but this is a 3.05% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 12:32 pm

CHCI

FOR

FPH

VNO

Four real estate stocks, Five Point Holdings (FPH), Vornado Realty Trust (VNO), Forestar Group (FOR), and Comstock Holding Companies (CHCI), are considered overbought with RSI values above 70, indicating they may be overvalued. FPH and VNO saw their shares fall, while CHCI's shares rose. FOR's shares fell slightly despite upbeat Q3 results.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 12:31 pm