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SPY

U.S. Secretary of State Antony Blinken has delayed his trip to the Middle East and canceled his Tuesday night departure, according to sources cited by Axios.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:33 pm

C

Recent analysis of Citigroup's (NYSE:C) options history revealed 8 unusual trades, with an equal split between bullish and bearish sentiments. Significant trades include both calls and puts, with a price target range of $40.0 to $70.0. Citigroup's stock is currently trading at $58.13, up by 0.5%. Analysts have issued mixed ratings, with a consensus target price of $75.4.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 5:31 pm

UBER

Uber Technologies (NYSE:UBER) has outperformed the market over the past 5 years with an average annual return of 15.28%, resulting in a $1000 investment growing to $2000.28. The company currently has a market capitalization of $148.05 billion.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 5:30 pm

CVE

Cenovus Energy (NYSE:CVE) has outperformed the market over the past 5 years, delivering an average annual return of 18.1%. A $1000 investment in CVE 5 years ago would be worth $2,323.13 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 5:30 pm

TRU

TransUnion shares are trading higher after Wells Fargo initiated coverage on the stock with an Overweight Rating and announced a price target of $100.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:28 pm

JBLU

JetBlue Airways Corporation (NASDAQ:JBLU) stock is trading lower after the company announced a $400 million convertible senior notes offering. The proceeds will be used to repurchase existing senior convertible notes due 2026 and pay related fees. The stock's trading volume has significantly increased, and it is currently trading 2.40% lower at $4.69.

Portfolio Pulse from Dylan Berman

August 13, 2024 | 5:24 pm

JBLU

JetBlue Airways shares are trading lower after the company announced a $400 million convertible senior notes offering.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:20 pm

GOOG

GOOGL

Alphabet's shares are under scrutiny after an AI demo failed to work during a keynote presentation. This incident could impact investor confidence in the company's AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:19 pm

VWAGY

Volkswagen AG has delayed the launch of its new ID.4 models from the Trinity EV project to the early 2030s due to software issues at its Cariad subsidiary. The project, initially set for a 2026 launch, has been postponed, and the company plans to release an updated ID.4 model in 2026 using a new version of its existing MEB platform. The delay is part of a broader reshuffling of plans and cost-cutting efforts amid weak electric car demand.

Portfolio Pulse from Lekha Gupta

August 13, 2024 | 5:18 pm

ETN

Eaton Corp's (NYSE:ETN) short interest has risen by 6.42%, with 4.60 million shares sold short, representing 1.16% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Eaton's short interest is still lower than its peer group average of 11.33%.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 5:15 pm