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SPY

Wall Street experienced significant volatility this week due to mixed economic data and speculation about Federal Reserve rate cuts. The SPDR S&P 500 ETF Trust (SPY) saw a strong recovery after initial panic selling, driven by better-than-expected service sector data and dovish statements from the Bank of Japan. Mortgage rates dropped to their lowest levels in over a year, potentially boosting home prices.

Portfolio Pulse from Piero Cingari

August 09, 2024 | 7:38 pm

AAOI

Applied Optoelectronics shares are trading lower following the company's mixed Q2 earnings report earlier this week.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:38 pm

GD

LMT

NOC

RTX

The U.S. has released $3.5 billion to Israel for the purchase of American weapons and military equipment. This move is expected to benefit U.S. defense contractors.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:33 pm

U

Unity Software shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:32 pm

BYND

Beyond Meat shares are trading higher following a recent Q2 revenue beat.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:32 pm

R

Ryder System's (NYSE:R) short percent of float has risen 15.03% since its last report, with 587 thousand shares sold short, representing 1.76% of all regular shares available for trading. This increase in short interest can signal bearish market sentiment, although Ryder's short interest is still lower than its peer group average of 5.24%.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 7:30 pm

ADI

Analog Devices (NASDAQ:ADI) has outperformed the market over the past 15 years, delivering an average annual return of 14.81%. A $100 investment in ADI 15 years ago would be worth $775.08 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 7:30 pm

VEEV

Veeva Systems (NYSE:VEEV) has significantly outperformed the market over the past 10 years, delivering an average annual return of 23.36%. A $100 investment in VEEV 10 years ago would be worth $816.30 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 7:30 pm

DIOD

Diodes shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:29 pm

INTC

Intel has delayed its Innovation 2024 event due to financial challenges, causing a decline in its stock volume. This has raised public curiosity about the company's 18A process technology.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:26 pm