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SPY

Federal Reserve Chair Jerome Powell stated that the US economy is very strong, driven by a robust labor market. He also mentioned that inflation is gradually decreasing, and it's the Fed's responsibility to bring it down.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 3:32 pm

INFY

Infosys shares are trading lower after Susquehanna downgraded the stock from Neutral to Negative.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 3:32 pm

AI

BBAI

DOCU

FSLY

OKTA

SHOP

SOUN

TEAM

TWLO

Software stocks are trading lower due to comments from Fed Chair Powell suggesting further rate hikes may be needed to curb inflation. AI stocks are also pulling back after recent gains.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 3:31 pm

AVGO

Broadcom Inc.'s (NASDAQ:AVGO) shares increased by 35.09% in the past three months. The company's total debt stands at $39.31 billion, with a net debt of $27.76 billion after adjusting for $11.55 billion in cash-equivalents. Broadcom's debt-ratio is 0.55, indicating a moderate level of financial leverage.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 3:30 pm

AMAT

Applied Mat (NASDAQ:AMAT) has outperformed the market over the past 15 years, producing an average annual return of 13.88% and a market capitalization of $114.49 billion. An investment of $100 in AMAT stock 15 years ago would be worth $661.60 today.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 3:30 pm

ALNY

Alnylam Pharmaceuticals (NASDAQ:ALNY) has outperformed the market over the past 5 years, producing an average annual return of 15.41%. A $1000 investment in ALNY 5 years ago would be worth $2,016.04 today.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 3:30 pm

BUD

Republican presidential candidate Ron DeSantis criticized Bud Light during a campaign stop in Nevada, amid controversy surrounding the beer brand's collaboration with trans activist Dylan Mulvaney. Bud Light sales fell 23.9% in May, and the decline could put further pressure on Anheuser-Busch InBev (NYSE:BUD) shares.

Portfolio Pulse from Chris Katje

June 21, 2023 | 3:30 pm

GREE

Greenidge Generation Holdings Inc (NASDAQ:GREE) shares are trading higher by 11.29% to $3.45 amid strength in the price of Bitcoin following BlackRock's Bitcoin ETF application. The cryptocurrency market is experiencing an upswing driven by favorable developments, including the introduction of EDX Markets, supported by Charles Schwab, Fidelity, and Citadel Securities.

Portfolio Pulse from Henry Khederian

June 21, 2023 | 3:28 pm

LOGI

Logitech shares are trading lower due to the disappearance of the Titan submersible vehicle, which may have been piloted by a Logitech controller.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 3:27 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the capital hikes made in the last cycle have proven effective and that the Fed's inflation and employment mandates are equally important. He emphasized focusing on inflation as it is currently far from the target goal.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 3:18 pm