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AAPL

AMZN

SPOT

Spotify plans to launch a more expensive subscription tier called 'Supremium' with high-fidelity audio to increase revenue and appease investors. The new tier will be introduced in non-U.S. markets first, while expanded access to audiobooks will be offered to U.S. subscribers in October.

Portfolio Pulse from Anusuya Lahiri

June 20, 2023 | 12:35 pm

BJ

CPB

LANC

UPXI

XXII

The most oversold stocks in the consumer staples sector present an opportunity to buy into undervalued companies. The top 5 oversold stocks with RSI near or below 30 are Campbell Soup Company (CPB), Lancaster Colony Corporation (LANC), 22nd Century Group, Inc. (XXII), BJ's Wholesale Club Holdings, Inc. (BJ), and Upexi, Inc. (UPXI).

Portfolio Pulse from Lisa Levin

June 20, 2023 | 12:34 pm

GE

General Electric (NYSE:GE) has reportedly discontinued its gas turbine services at thermal power plants in Russia following Moscow's invasion of Ukraine. However, GE still provides essential medical equipment and supports existing power services in the region. The company is also in final talks with Hindustan Aeronautics Ltd. for a partnership to co-manufacture jet engines in India.

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2023 | 12:34 pm

SPY

USA Housing Starts for May increased by 21.7%, significantly outperforming the estimated -0.8% and the prior month's -2.9%.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:31 pm

SPY

USA housing starts for May reached 1.631 million, significantly higher than the estimated 1.400 million and the prior figure of 1.340 million.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:30 pm

SPY

The number of building permits issued in May reached 1.491 million, surpassing the estimated 1.425 million.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 12:30 pm

SPY

VGK

Russia's Foreign Ministry announced that the Black Sea Grain Deal is expected to end on July 18. This may affect the prices of related ETFs such as SPY and VGK.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:29 pm

FIHL

Fidelis Insurance Holdings Limited has announced the launch of its IPO, offering 17 million common shares at a price of $16-$19 per share. The shares are expected to trade on the NYSE under the ticker symbol 'FIHL'.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:26 pm

PDSB

PDS Biotechnology Corp. (NASDAQ:PDSB) is expected to be added to the Russell 2000 and Russell 3000 Indexes on June 26, 2023. The inclusion follows promising interim data from the VERSATILE-002 Phase 2 clinical trial and the acquisition of PDS0301.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 12:24 pm

AZN

AstraZeneca is reportedly considering spinning off its China business and listing a separate unit in Hong Kong amid geopolitical tensions. China accounted for 13% of the company's overall sales in 2022. The spin-off could protect AstraZeneca from tensions while retaining business control.

Portfolio Pulse from Vandana Singh

June 20, 2023 | 12:23 pm