Streetbeat News

Stock Prices

SPY

Federal Reserve's Kugler stated that the extent of future interest rate cuts will depend on incoming data, particularly whether disinflation or a rapid deterioration of the labor market is observed. No definitive answer can be provided at this time.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:51 pm

SPY

Fed's Kugler emphasized the importance of monitoring incoming data and acknowledged the presence of two-sided risks in the current economic environment.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:50 pm

SPY

Federal Reserve's Musalem has stated that the labor market is rebalancing, which is considered positive news. This could have implications for the broader market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:48 pm

GEHC

GE HealthCare Techs (NYSE:GEHC) has seen a 12.46% rise in its short percent of float, now at 3.25% of all regular shares available for trading. This indicates increased bearish sentiment among investors. However, its short interest is still below the peer group average of 4.99%.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 5:45 pm

SPY

Federal Reserve's Kugler emphasized the importance of the R-star rate, which is a key indicator for monetary policy. This could influence market expectations regarding interest rates.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:42 pm

JNPR

KR

QNST

STM

SUN

Top Wall Street analysts have upgraded their ratings for several companies, including STMicroelectronics, Kroger, Juniper Networks, QuinStreet, and Sunoco. These upgrades have led to varying degrees of stock price movements for each company.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 5:41 pm

CMTL

DMTK

QMCO

RELI

SILK

Quantum Corporation (NASDAQ:QMCO) shares fell 44.5% to $0.43 after reporting worse-than-expected FY24 financial results and issuing FY25 guidance below estimates. Other notable stock movements include Reliance Global Group (NASDAQ:RELI) jumping 350% after an acquisition update, and DermTech, Inc. (NASDAQ:DMTK) falling 58.4% after filing for Chapter 11 protection.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 5:39 pm

SPY

Federal Reserve's Kugler expressed surprise at recent Census data indicating that AI adoption is already widespread across various sectors.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:39 pm

AAPL

NVDA

A major technology ETF is rebalancing its portfolio, significantly increasing its holdings in Nvidia (NASDAQ: NVDA) from 6% to 21% while reducing its stake in Apple (NASDAQ: AAPL) from 22% to 4.5%. This involves purchasing $11 billion worth of Nvidia shares and selling $12 billion worth of Apple shares. Nvidia's stock has surged 164% year-to-date, but potential volatility is anticipated.

Portfolio Pulse from Zaheer Anwari

June 18, 2024 | 5:39 pm

CAT

GEV

POWL

RKLB

SPCE

UBER

UPS

URI

VRT

The article highlights significant options activity in the Industrials sector, focusing on trades involving companies like UBER, RKLB, UPS, POWL, CAT, GEV, SPCE, VRT, and URI. These activities include both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 5:35 pm