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AAPL

GOOG

META

MSFT

NVDA

The S&P 500 index has historically been influenced by a small number of mega-cap stocks, such as Apple, NVIDIA, Meta, Alphabet, and Microsoft. While these stocks can contribute to positive market performance, they also carry potential risks such as concentration risk and lack of diversification. Diversification remains a crucial strategy for investors to mitigate these risks.

Portfolio Pulse from John Chang

June 01, 2023 | 5:31 pm

DIA

IWM

QQQ

SPY

Major indices are higher after the US House passed a debt ceiling bill and jobless claims data came in softer than expected. Philadelphia Fed President Harker believes we are close to holding rates in place.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 5:30 pm

TSM

Needham analyst Charles Shi reiterates a Buy rating for Taiwan Semiconductor Manufacturing Company Ltd (TSM) and raises the price target from $110 to $118. Shi anticipates TSMC will announce capital expenditure cuts in its upcoming earnings call, which he believes will preserve the company's pricing power.

Portfolio Pulse from Anusuya Lahiri

June 01, 2023 | 5:30 pm

M

Traders are circulating a rumor that Macy's has been upgraded to a 'Buy' rating at Gordon Haskett.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 5:20 pm

OSUR

OraSure Technologies' shares are trading higher after CFO Kenneth McGrath bought 100,000 shares at an average price of $4.93, according to a Form4 filing.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 5:19 pm

SPY

Federal Reserve Bank of Philadelphia President Patrick Harker stated that barring a black swan event, inflation is expected to march down to 2% in the next couple of years.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 5:19 pm

WMT

A large bearish position on Walmart (NYSE:WMT) has been spotted, with 70% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $140 to $230 for Walmart over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 5:18 pm

VEEV

Unusual options activity has been observed for Veeva Sys (NYSE:VEEV), with 10 options trades spotted, split between 50% bullish and 50% bearish. The big position appeared on publicly available options history, indicating that someone with significant funds has taken a bullish stance on the company.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 5:18 pm

SPY

Federal Reserve Bank of Philadelphia President Patrick Harker stated that upside risks to inflation include another 'Black Swan' event. He also mentioned that the Fed is prepared to act if inflation becomes a persistent issue.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 5:18 pm

SPY

Federal Reserve Bank of Philadelphia President Patrick Harker stated that revisions on wages data indicate a cooling in the US economy. This may impact the overall market sentiment.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 5:17 pm