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AAPL

GME

NVDA

WallStreetBets users are celebrating massive gains from risky options bets on Apple and NVIDIA. Apple's stock saw a significant rise after its WWDC Conference, leading to substantial profits for some traders. However, not all users were fortunate, with some posting significant losses.

Portfolio Pulse from Aaron Bry

June 12, 2024 | 7:19 pm

SPY

Fed Chair Powell emphasized the awareness of the dual risks in monetary policy, stating that both delaying and hastening actions could have negative consequences. The Fed aims to manage these risks and does not plan to loosen policy until there is more confidence in controlling inflation. Powell believes the current approach is appropriate.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:18 pm

CCL

CUK

CZR

MSC

PENN

PLAY

Shares of companies in the hotel, restaurant, and leisure space 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 | 7:15 pm

LBRDA

Liberty Broadband's (NYSE:LBRDA) short interest has risen by 15.23%, now accounting for 2.8% of its float. This increase in short interest could indicate bearish sentiment among investors. However, compared to its peers, Liberty Broadband has a lower short interest percentage.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 7:15 pm

MPTI

M-Tron Industries (NYSE:MPTI) has seen a 3.73% increase in its short percent of float, now at 5.01%. This indicates a bearish sentiment among investors. It would take traders 2.71 days to cover their short positions. MPTI's short interest is higher than its peer group average of 3.88%.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 7:15 pm

SPY

Fed Chair Powell stated that the household sector remains in good shape but is facing increasing financial pressures, especially among lower-income individuals. He emphasized the importance of fostering a strong jobs economy and noted that unexpected increases in unemployment would be seen as a sign of weakening.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:13 pm

SPY

Fed Chair Powell stated that the Federal Reserve is committed to its current monetary policy until inflation is under control. He noted that the latest inflation report is encouraging but follows several disappointing ones. Powell also mentioned that shelter inflation has a significant lag and may take years to reflect lower housing inflation.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:09 pm

SPY

Fed Chair Powell commented on the latest CPI reading, stating it is a positive step but cautioned against overreacting to a single data point. He emphasized the Fed's commitment to controlling inflation.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:05 pm

SPY

Fed Chair Powell emphasized that the entire path of interest rates is important, not just the first rate cut. He noted that the first rate cut is a significant decision for the economy.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:03 pm

STXUSD

Stacks (CRYPTO: STX) has seen an 8.84% price increase over the past 24 hours, continuing a positive trend with a 2.0% gain over the past week. Trading volume has also climbed 22.0%, with the circulating supply increasing by 0.56%. The current market cap ranking for STX is #33 at $3.56 billion.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 7:02 pm