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Stock Prices

AAPL

Apple Inc's stock has seen a 4% rise in October, bringing it closer to last year's high of $182. Despite recent setbacks, the stock has rallied by 6% from September's lows, accumulating an annual gain of 37%. However, investors are advised to exercise caution as the stock price is approaching a historically formidable resistance level.

Portfolio Pulse from Zaheer Anwari

October 10, 2023 | 3:12 pm

PMEC

Trading of Primech Holdings (PMEC) has been halted due to a circuit breaker.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 3:11 pm

UTEN

The IMF's World Economic Outlook forecasts robust growth for the US economy, with GDP in 2023 expected to surpass pre-pandemic levels. The US economic growth for 2023 is estimated at 2.1%, a 0.3 percentage point increase from previous estimates. Unemployment is expected to rise modestly from 3.6% to 3.9% by 2025. However, the IMF warns of rising government debt due to expansionary fiscal policy, with debt expected to increase from 123.3% of GDP in 2023 to 137.5% by 2028. The 10-year government bond yield is projected to average 3.8% in 2023 and increase to 4.0% in 2024. The US 10 Year Note ETF (NASDAQ:UTEN) has fallen by 9% in 2023.

Portfolio Pulse from Piero Cingari

October 10, 2023 | 3:10 pm

TFC

Truist Financial Corporation (TFC) shares are trading higher on above-average volume, despite being down nearly 2% over the last month. Last week, analysts from Raymond James and Morgan Stanley lowered their price targets on TFC. The company is expected to announce Q3 earnings of 82 cents per share and quarterly revenue of $5.68 billion on Oct. 19.

Portfolio Pulse from Erica Kollmann

October 10, 2023 | 3:08 pm

PMEC

Trading of Primech Holdings shares has resumed.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 3:08 pm

EIS

GD

ISRA

ITEQ

IZRL

KTOS

LMT

MBLY

NOC

RTX

TEVA

As the conflict between Israel and Hamas continues, Israel is considering forming an emergency government. This situation has led to volatility in several sectors, including oil, gold, and defense stocks. Defense stocks such as Lockheed Martin Corporation, Northrop Grumman Corporation, RTX Corporation, General Dynamics Corporation, and Kratos Defense & Security Solutions saw heavy action. Companies headquartered in Israel or with major operations in the country were mostly down, but some, like Mobileye Global Inc and Teva Pharmaceutical Industries Ltd, were recovering. ETFs that cover Israel, including iShares MSCI Israel ETF, Ark Israel Innovative Technology, VanEck Israel ETF, and the BlueStar Israel Technology ETF, were trading higher.

Portfolio Pulse from Chris Katje

October 10, 2023 | 3:04 pm

SPCB

Shares of SuperCom Ltd. (NASDAQ:SPCB), an Israel-based provider of digital identity and cybersecurity products, are surging on heavy trading volume. The increased investor interest may be due to the ongoing conflict in the Middle East and the nature of SuperCom's business activities. The shares are up more than 100% on Tuesday with over 71 million shares traded, far exceeding the stock's 100-day average of 418 thousand shares.

Portfolio Pulse from Erica Kollmann

October 10, 2023 | 3:03 pm

LRHC

Shares of La Rosa Holdings Corp (LRHC) have resumed trading.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 3:03 pm

BA

Boeing has announced its Q3 total commercial airplane deliveries, which amounted to 105, including 70 737 deliveries.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 3:02 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

PEP

QQQ

TSLA

The article discusses the current positioning of Wall Street ahead of important inflation data. It highlights the strength of tech stocks, represented by Invesco QQQ Trust Series 1 (QQQ), and the market's anticipation of better-than-consensus inflation numbers. The IMF has raised its inflation projections to 5.8% for the next year. PepsiCo (PEP) reported better than expected earnings and guided higher, dismissing concerns about the impact of weight loss drugs on its business. The article also mentions positive early trade money flows in Microsoft (MSFT), Meta Platforms (META), and Amazon (AMZN), and negative flows in Apple (AAPL), Alphabet (GOOG), Tesla (TSLA), and NVIDIA (NVDA).

Portfolio Pulse from The Arora Report

October 10, 2023 | 3:02 pm