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Stock Prices

SHIBUSD

Shiba Inu (SHIB) is experiencing a significant increase in its burn rate, leading to bullish predictions of a 231% rally. The burn rate has spiked by 189%, with 3.6 million SHIB coins incinerated recently. Crypto trader Javon Marks highlights bullish patterns, suggesting a potential price recovery to 2024 highs. Despite the optimism, investors should consider the volatile nature of the crypto market.

Portfolio Pulse from Khyathi Dalal

September 04, 2024 | 7:00 pm

INM

InMed Pharmaceuticals is experiencing increased trading volume following a positive market response to its cannabinoid analog INM-901, which is being developed for Alzheimer's treatment.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:59 pm

AVGO

Broadcom Inc (NASDAQ:AVGO) is set to report its Q3 earnings, with analysts focusing on its AI revenue potential. The company has a strong track record of beating estimates and is expected to continue this trend. Broadcom's stock has risen 42% YTD, and its AI segment is seen as a key growth driver. Analysts are particularly interested in the company's guidance and AI-related developments.

Portfolio Pulse from Chris Katje

September 04, 2024 | 6:57 pm

TSLA

Tesla shares are trading higher following the introduction of a $3,000 winter tire package for the Cybertruck, addressing performance concerns in snowy conditions. This move aligns with Tesla's production goals and market expansion efforts.

Portfolio Pulse from Vaishali Prayag

September 04, 2024 | 6:56 pm

AVGO

NVDA

Nvidia faces a challenging September as it experiences a significant market cap decline and a DOJ antitrust investigation. Despite beating earnings estimates, slower growth and market skepticism have led to a selloff. Analysts suggest various factors, including political risks and seasonal trends, are contributing to the decline.

Portfolio Pulse from Stjepan Kalinic

September 04, 2024 | 6:54 pm

AMH

CPT

EQR

ESS

INVH

UDR

Goldman Sachs analyst Julien Blouin initiated coverage on several multifamily and single-family rental REITs, highlighting potential revenue growth due to easing supply pressures. Invitation Homes Inc. (INVH) and American Homes 4 Rent (AMH) received Buy ratings, while Camden Property Trust (CPT), Equity Residential (EQR), and Essex Property Trust, Inc. (ESS) were rated Neutral. UDR, Inc. (UDR) was given a Sell rating. The analyst expects strong demand and demographic trends to drive revenue growth, particularly for AMH and INVH.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 6:54 pm

NPSCY

X

President Biden is set to block Nippon Steel's $15 billion acquisition of U.S. Steel, citing the importance of keeping U.S. Steel domestically operated. The deal is under investigation by CFIUS, and U.S. Steel's shares fell over 20% on the news.

Portfolio Pulse from Adam Eckert

September 04, 2024 | 6:50 pm

SPY

X

The White House's John Kirby stated that he cannot confirm reports suggesting President Biden would block a steel deal. This uncertainty may impact market sentiment regarding steel-related stocks and ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 6:49 pm

CVNA

Carvana (NYSE:CVNA) has seen unusual options activity with a bearish sentiment from big-money investors. The options trades are predominantly puts, indicating a potential price movement. The stock is currently priced at $145.44, with an analyst target of $142.0.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 6:45 pm

JPM

Deep-pocketed investors are showing unusual bearish options activity towards JPMorgan Chase, with 47% of options being bearish. This suggests potential significant price movements. The stock is currently trading at $218.12, down by 0.99%, and analysts have set a target price of $235.0.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 6:45 pm