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SPY

Federal Reserve's Barkin states that the labor market is very strong, but inflation is still not at the target level. He also mentions that it is not hard to envision scenarios where the labor market weakens.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:19 pm

AZN

BNTX

MRK

MRNA

PFE

AstraZeneca received FDA approval for its cancer drug Imfinzi combined with chemotherapy, showing significant efficacy in treating endometrial cancer. BioNTech faced a setback as the FDA put its experimental cancer drug study on partial hold. Moderna and Merck's combined treatment for melanoma showed promising results and they are expanding trials to lung cancer.

Portfolio Pulse from Upwallstreet

June 18, 2024 | 2:19 pm

CRMT

America’s Car-Mart Inc (NASDAQ:CRMT) shares are down after reporting worse-than-expected Q4 EPS and a sales decline. Despite beating revenue estimates, the company saw a decrease in retail units sold and same-store revenue. EPS missed estimates significantly.

Portfolio Pulse from Shivani Kumaresan

June 18, 2024 | 2:18 pm

SPY

Fed's Barkin comments on the labor market, noting improvements but also a significant drop in the hiring rate. He is closely monitoring potential increases in layoffs.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:18 pm

TAK

Takeda Pharmaceutical shares are trading lower following the announcement of data from the Phase 3 ADVANCE-CIDP 3 clinical trial.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:18 pm

LULU

SNOW

The article discusses the risks of buying stocks that plummet post-earnings, using Snowflake, Inc. (SNOW) and Lululemon Athletica, Inc. (LULU) as examples. Both stocks experienced significant drops after earnings despite double beats, leading to worthless options trades. The author outlines mistakes made and changes in strategy for a new trade on another stock that also dropped post-earnings.

Portfolio Pulse from David Pinsen

June 18, 2024 | 2:17 pm

OXY

Occidental Petroleum shares are trading higher after Berkshire Hathaway increased its stake in the company.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:16 pm

CNP

CenterPoint Energy's (NYSE:CNP) short interest has risen by 5.53%, with 12.76 million shares sold short, representing 2.67% of its float. This increase in short interest suggests a more bearish sentiment among investors. However, CNP's short interest is still below the peer group average of 3.08%.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:15 pm

SUI

Sun Communities (NYSE:SUI) has seen a 3.37% increase in its short percent of float, now at 1.84% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, Sun Communities has a lower short interest percentage.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:15 pm

ARM

Arm Holdings shares are trading higher amid strength in chip stocks.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:15 pm