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Stock Prices

SPY

Fed Chair Powell indicates that recent economic indicators suggest solid economic growth. Private domestic final purchases and consumer spending remain strong, and investment in equipment has picked up from an anemic pace.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:33 pm

SPY

Fed Chair Powell stated that the economy has made considerable progress with strong job gains, but inflation remains too high. The Fed will maintain its restrictive policy stance to balance demand and supply.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:32 pm

TXN

Deep-pocketed investors have shown unusual options activity in Texas Instruments (NASDAQ:TXN), with a significant number of both bullish and bearish trades. The options activity suggests a price range of $180.0 to $202.5 for TXN over the next few months. Analysts have mixed ratings on the stock, with price targets ranging from $150 to $210.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 6:31 pm

DIA

IWM

QQQ

SPY

Major indexes are higher after the Fed held rates unchanged, with markets gaining on softer-than-expected May CPI readings.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:30 pm

KAVL

Kaival Brands Innovations Group (KAVL) shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:28 pm

GME

Jim Cramer has declared victory for GameStop (NYSE:GME) after the company completed its at-the-market equity offering, raising approximately $2.137 billion. Cramer believes this cash position will allow CEO Ryan Cohen to transform the company, potentially turning it into a pseudo-SPAC. Short seller Citron Research has closed its short position in GameStop, citing the company's strong cash reserves.

Portfolio Pulse from Adam Eckert

June 12, 2024 | 6:26 pm

KAVL

Kaival Brands Innovations Group shares were halted on a circuit breaker due to a significant upward movement, with the stock now up 67.6%.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:23 pm

QQQ

SPY

The Federal Reserve has decided to keep interest rates unchanged within the 5.25-5.50% range, but the updated economic projections indicate fewer rate cuts and higher inflation estimates. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) saw slight gains following the announcement.

Portfolio Pulse from Piero Cingari

June 12, 2024 | 6:14 pm

COIN

HOOD

Shiba Inu (SHIB) has spiked 6% following a significant increase in its burn rate by 16,856%. Major whale movements were observed, including large transfers from Robinhood and Coinbase. The surge in transaction volume and daily active addresses indicates growing interest in SHIB.

Portfolio Pulse from Khyathi Dalal

June 12, 2024 | 6:04 pm

SPY

The Federal Reserve's latest projections indicate a potential 25 basis points (BPs) rate cut in 2024 from the current level, followed by an additional 100 BPs cut in 2025.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 6:03 pm