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IEO

MPC

Marathon Petroleum's Detroit refinery is facing a strike by half of its workforce due to unresolved pay and safety concerns. This has led to a premarket drop in Marathon Petroleum's stock. The company has been in negotiations with the union for nine months. Despite the strike, Marathon Petroleum has plans to continue operations. The company recently reported strong second-quarter earnings and expects higher refining costs in the third quarter. Investors can gain exposure to Marathon Petroleum through ETFs like iShares U.S. Oil & Gas Exploration & Production ETF and VanEck Oil Refiners ETF.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 1:14 pm

JWN

Nordstrom Inc (NYSE:JWN) shares experienced volatility after the founding family proposed to take the company private at $23 per share. The board's special committee will review the offer. The proposal follows strong Q2 earnings and a 23.5% YTD stock increase.

Portfolio Pulse from Adam Eckert

September 04, 2024 | 1:13 pm

AMD

INTC

MSFT

NVDA

SOXX

VGT

AMD has hired Keith Strier from Nvidia to lead its global AI markets, aiming to enhance its AI capabilities and market share. AMD plans to acquire AI server company ZT Systems for $4.9 billion. Analysts favor Nvidia as a key AI player, but AMD is expected to grow its data center GPU revenue significantly in 2024. AMD stock has risen 24% over the past year, and investors can gain exposure through ETFs like VGT and SOXX.

Portfolio Pulse from Anusuya Lahiri

September 04, 2024 | 1:10 pm

BHP

China's steel industry is facing a 'harsh winter' due to a downturn in the property sector, impacting iron ore and coking coal markets. Despite increased steel exports, coking coal futures are at a yearly low, and iron ore prices have fallen below $100 per metric ton. BHP Group maintains its price estimate of $80 to $100 per metric ton.

Portfolio Pulse from Matt Whittaker

September 04, 2024 | 1:09 pm

ASND

RPRX

Ascendis Pharma's stock fell after reporting disappointing Q2 earnings and lowering its fiscal year 2024 sales guidance. The company missed revenue and EPS expectations, with significant sales deductions impacting results. Ascendis also entered a royalty agreement with Royalty Pharma.

Portfolio Pulse from Vandana Singh

September 04, 2024 | 1:09 pm

ZS

Zscaler Inc (NASDAQ:ZS) shares fell 17.2% after the company reported strong Q4 results but faced multiple analyst price target cuts. Despite exceeding revenue and EPS estimates, analysts lowered targets due to cautious future guidance.

Portfolio Pulse from Adam Eckert

September 04, 2024 | 1:09 pm

AMCX

AMC Networks shares declined following the announcement of an early renewal of their distribution agreement with Charter, allowing Charter to carry AMC's linear cable networks for multiple years.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:09 pm

K

MO

Altria Group Inc (NYSE:MO) and Kellanova (NYSE:K) are identified as overbought stocks in the consumer staples sector, with RSI values above 70, indicating potential short-term price corrections. Altria recently increased its dividend, while Kellanova is set to be acquired by Mars, Inc.

Portfolio Pulse from Avi Kapoor

September 04, 2024 | 1:06 pm

INTU

Intuit has announced significant upgrades to its Generative AI Operating System, including the introduction of GenOS AI Workbench and enhancements to GenStudio, GenRuntime, and GenUX. These improvements aim to foster innovation and growth in Intuit's financial products.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:02 pm

LLY

Eli Lilly (NYSE:LLY) experienced a Power Inflow, indicating a shift from selling to buying, which is a positive signal for investors using order flow analytics. The stock rose from $958.10 to $965.94, suggesting potential upward momentum.

Portfolio Pulse from Finit

September 04, 2024 | 1:02 pm