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ACN

Amy Raskin announced on CNBC that she has sold her position in Accenture (ACN).

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 4:52 pm

GDX

GOLD

SGDM

Barrick Gold Corporation (NYSE:GOLD) shares are trading higher due to optimism about a potential Fed rate cut and positive preliminary production details. The company reported increased gold and copper production in Q2 and expects further growth in 2024. Investors can also gain exposure through Sprott Gold Miners ETF (NYSE:SGDM) and VanEck Gold Miners ETF (NYSE:GDX).

Portfolio Pulse from Lekha Gupta

July 16, 2024 | 4:52 pm

BZFD

Social media personality Pulte X announced that the Pulte family has acquired an activist position in BuzzFeed and supports changes proposed by Vivek Ramaswamy. Following this announcement, BuzzFeed's shares were halted on a circuit breaker to the upside and are now up 17.1%.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 4:51 pm

HOOD

Financial giants have shown a bullish trend in options trading for Robinhood Markets (NASDAQ:HOOD), with 10 call trades valued at $465,794 and 2 put trades valued at $70,550. The stock price is currently $24.45, up 2.11%, with a consensus target price of $22.0. Analysts have mixed ratings, ranging from Outperform to Underweight.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 4:46 pm

JNJ

Johnson & Johnson (NYSE: JNJ) is set to report its Q2 earnings on Wednesday, with Wall Street expecting $2.7 EPS and $22.3 billion in revenues. The stock is currently showing bullish technical indicators, trading above its 5-, 20-, and 50-day EMAs, and has a bullish MACD reading of 0.50. However, it is below its 200-day SMA, which is a bearish signal. The RSI is at 60.62, indicating it is nearing overbought territory. Analysts have a Neutral consensus rating with a price target of $171.24, but recent ratings suggest a higher target of $215.

Portfolio Pulse from Surbhi Jain

July 16, 2024 | 4:46 pm

XPEV

XPeng Inc (NYSE:XPEV) shares are trading higher by 4.8% to $8.77 following China's announcement of a lower-than-expected GDP growth of 4.7% for Q2. The economic report indicates a slowdown in retail sales growth and rising unemployment, which can reduce consumer confidence and impact car sales. Deflationary pressures are also leading to price cuts on goods, including cars, potentially squeezing profit margins for XPeng.

Portfolio Pulse from Henry Khederian

July 16, 2024 | 4:45 pm

AMD

SMH

VUG

AMD has unveiled its new AI PC architecture with Ryzen AI chips, featuring a neural processing unit (NPU) that significantly enhances AI workload efficiency. The announcement was made at Computex and further detailed in Los Angeles. AMD's stock has gained 52% in the last 12 months, and investors can gain exposure through Vanguard Growth ETF (VUG) and VanEck Semiconductor ETF (SMH).

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 4:45 pm

GME

KOSS

Koss Corporation (NASDAQ:KOSS) shares are climbing on heavy trading volume, driven by retail investor speculation and social media activity. Despite a lack of company-specific news, Koss remains up over 150% in the past month. The stock is trading above its 50-day moving average, with significant short interest.

Portfolio Pulse from Erica Kollmann

July 16, 2024 | 4:44 pm

SPY

The Biden campaign is set to resume advertising after a temporary suspension following an assassination attempt on former President Trump, according to Reuters sources.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 4:40 pm

BTCUSD

DIA

NFLX

QQQ

RUM

SPY

Senator J.D. Vance has been selected by former President Donald Trump as his running mate for the 2024 presidential election. Vance, known for his memoir 'Hillbilly Elegy' and his venture capital background, has investments in various companies and ETFs, including Netflix, Rumble Inc, and several major ETFs. He is also a Bitcoin holder and a vocal proponent of cryptocurrency.

Portfolio Pulse from Chris Katje

July 16, 2024 | 4:38 pm