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SPY

Federal Reserve's Goolsbee highlighted that the policy rate set a year ago may no longer be appropriate due to changing economic conditions. He pointed out rising small business defaults and delinquencies as warning signs, indicating the economy faces crosscurrents.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:13 pm

TIGO

Millicom International Cellular S.A. (NASDAQ:TIGO) shares rose after billionaire Xavier Niel increased his bid to $4.4 billion. Despite missing quarterly earnings estimates, the company highlighted significant progress in its transformation efforts aimed at increasing equity free cash flow.

Portfolio Pulse from Nabaparna Bhattacharya

August 02, 2024 | 4:12 pm

SPY

Federal Reserve's Goolsbee stated that inflation is trending down and the labor market is cooling. The Fed aims for a balanced labor market and has not committed to a future rate path. Policymakers expect multiple rate cuts next year.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:10 pm

CMLS

Cumulus Media shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:10 pm

AXTI

AXT shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:09 pm

SPY

In a Bloomberg TV interview, Fed's Goolsbee stated that if unemployment exceeds 4.1%, the Federal Reserve must respond. He also noted that inflation is improving, but data trends are not changed by one month's numbers.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:06 pm

SPY

Federal Reserve's Goolsbee emphasized that the central bank is currently tight and restrictive, and cautioned against overreacting to one month's data. He highlighted the importance of moving steadily and considering the employment mandate if restrictive conditions persist for too long.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:04 pm

OEC

Orion S.A. shares are trading lower after the company reported worse-than-expected Q2 financial results and issued FY24 adjusted EPS guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:04 pm

RIVN

In the past three months, 28 analysts have provided ratings for Rivian Automotive (NASDAQ:RIVN), with a mix of bullish, somewhat bullish, indifferent, and somewhat bearish sentiments. The average 12-month price target has increased to $16.5, reflecting a 15.71% rise from the previous average. Analysts have recently adjusted their ratings and price targets, indicating a positive outlook for Rivian Automotive.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 4:03 pm

INTT

InTest shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 revenue guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:02 pm