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Stock Prices

EIX

Edison International (NYSE:EIX) has seen a 6.37% increase in its short percent of float, now at 1.67% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, EIX's short interest is still below the peer group average of 2.41%.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 7:45 pm

KBE

KRE

SPY

XLF

Doubleline Capital's Jeffrey Gundlach stated in a CNBC interview that he believes we have seen the peak for this cycle in longer-term bond yields and probably the Federal Reserve's funds rate.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:45 pm

KBE

KRE

SPY

XLF

Doubleline Capital's Jeffrey Gundlach predicts that headline CPI will settle at around 2.5-2.75% for the rest of the year. He also expects very good returns from parts of the fixed income market, particularly BB bank loans.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:40 pm

SPY

Doubleline Capital's Jeffrey Gundlach stated in a CNBC interview that the recent Federal Reserve meeting will be remembered for reducing its forecast from three rate cuts to just one. This change in forecast could have significant implications for the stock market.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:39 pm

KMX

LAD

POOL

RACE

Shares of companies within the consumer discretionary sector are trading higher following a softer-than-expected May CPI Report and the Fed's decision to leave rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:36 pm

SPY

USO

Doubleline Capital's Jeffrey Gundlach stated that a decrease in oil prices could lead to further relaxation on inflation. This could have implications for various financial assets, including ETFs like SPY and USO.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:35 pm

WHR

Whirlpool shares are trading higher following a report suggesting that the company entered into a joint marketing agreement with Hindustan Unilever.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:34 pm

SPY

Jeffrey Gundlach of Doubleline Capital expressed less confidence in a rate cut this year, noting a weakening labor market and high prices affecting needs-based parts of the economy. He highlighted that inflation impacts vary by lifestyle and that the market is relieved that rate hikes are not being considered.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:33 pm

BZH

CRH

CVCO

DFH

EXP

GRBK

HOV

JHX

KBH

LSEA

MLM

TMHC

TPH

TPX

UHG

Shares of homebuilders, construction, and household durables stocks are trading higher following a softer-than-expected May CPI Report. Additionally, the Federal Reserve left interest rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:27 pm

LGVN

Longeveron Inc. (NASDAQ:LGVN) shares surged by 102% following a Zacks Small Cap Research note valuing the stock at $15.10 per share. The company is advancing its Lomecel-B treatment for Hypoplastic Left Heart Syndrome (HLHS) and has signed its first contract for its advanced manufacturing facility, expected to generate $4-5 million in annual revenue.

Portfolio Pulse from Vaishali Prayag

June 12, 2024 | 7:22 pm