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SPY

Federal Reserve's Raphael Bostic stated that the unemployment rate remains historically low and the labor market is strong but needs careful cooling. Few layoffs have been reported, and no recession is expected. The labor market can slow without major concerns.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:52 pm

SPY

Federal Reserve's Bostic announced that housing inflation has decreased significantly in recent months. He also indicated that a rate cut is expected by the end of the year if the economy evolves as predicted.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:50 pm

SPY

Fed's Bostic expressed confidence in returning to 2% inflation based on recent data but emphasized the need for more data to confirm the trend. He is willing to wait for the first rate cut, expecting it by year-end if the economy evolves as expected. Bostic is concerned about cutting rates too soon and then having to raise them again, noting that current inflation levels are not sustainable.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:49 pm

PARA

Paramount Global is closing its iconic Paramount Television Studios as part of a cost-cutting restructuring effort. The studio, known for producing hits like '13 Reasons Why' for Netflix and 'Reacher' for Amazon Prime Video, will shut down this week.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:48 pm

SPY

Federal Reserve's Raphael Bostic stated that the economy's balance of risks is returning to a more normal level. He mentioned that the current restrictive rate posture is not intended to be permanent.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:45 pm

CMG

SBUX

Brian Niccol, former CEO of Chipotle Mexican Grill (CMG), has taken over as CEO of Starbucks (SBUX), replacing Laxman Narasimhan. This executive move led to a 10% drop in Chipotle's stock, wiping out $7 billion in market cap, while Starbucks' stock surged by over 20%, adding $15 billion in valuation. Chipotle has appointed COO Scott Boatwright as interim CEO.

Portfolio Pulse from Aaron Bry

August 13, 2024 | 5:40 pm

FETUSD

POPCAT

SOLUSD

Crypto trader Altcoin Sherpa analyzed Solana, Popcat, and AI-related crypto coins, suggesting their current lows may be good opportunities to accumulate. Sherpa has a short-term neutral stance on Solana, predicting $120-$150 as a good accumulation area. Popcat's key area is $0.41-0.46, and AI coins have a bearish market structure. Bittensor below $200 may be of interest.

Portfolio Pulse from Khyathi Dalal

August 13, 2024 | 5:39 pm

AAPL

AMD

DELL

HPQ

INTC

QCOM

The AI-capable PC market is experiencing significant growth, with major players like Apple, Intel, AMD, and Qualcomm leading the charge. Apple dominates with its M-series chips, while Intel and AMD are making strides in AI PC shipments. Qualcomm's PC-related revenue is expected to see substantial growth.

Portfolio Pulse from Anusuya Lahiri

August 13, 2024 | 5:37 pm

BPMC

EXAS

IBRX

MRK

NBIX

PFE

SAVA

VRNA

The article highlights unusual options activity for nine healthcare stocks: PFE, IBRX, VRNA, SAVA, NBIX, EW, MRK, BPMC, and EXAS. The sentiment for these options varies from neutral to bearish and bullish, indicating potential short-term price movements.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 5:35 pm

AAPL

AMD

CRM

INTC

MSFT

MSTR

NVDA

PLTR

SMCI

TSM

Today's session saw significant options activity in 10 major IT stocks, with a mix of bearish and bullish sentiments. Notable trades include bearish call options for NVDA, AAPL, INTC, MSTR, AMD, and CRM, a bullish call for TSM, a neutral call for PLTR, and bearish put options for SMCI and MSFT.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 5:35 pm