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LEN

PHM

Homebuilder stocks Lennar Corp and PulteGroup hit new 52-week highs as investors anticipate a Federal Reserve rate cut. Lower mortgage rates have already boosted the housing market, and further rate cuts could enhance demand. Lennar's Q3 earnings and cash flow yield are in focus, while PulteGroup impresses with strong margins.

Portfolio Pulse from Surbhi Jain

September 18, 2024 | 5:00 pm

BTC-USD

ETH-USD

A Polymarket trader, YatSen, has placed significant bets on Federal Reserve interest rate cuts, ensuring a $500,000 profit if rates are cut by 25 or 50 basis points. The market sees a rate cut as likely, with a 53% chance for a 25 bps cut and 47% for a 50 bps cut. Bitcoin and Ethereum are trading lower amid market caution.

Portfolio Pulse from Khyathi Dalal

September 18, 2024 | 4:54 pm

MAR

Marriott's CEO is observing a potential spending slowdown among lower-income travelers, assessing if it's a temporary issue or a longer-term trend.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 4:45 pm

AAPL

Apple analyst Ming-Chi Kuo suggests that the initial demand for the iPhone 16 may be lower than expected, as Apple employees are using discounts to purchase the new model soon after its release.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 4:44 pm

INTC

Intel (NASDAQ:INTC) has seen unusual options activity, with a significant number of bullish trades. This suggests potential positive developments for the company. The options activity includes 19 call options and 10 put options, indicating a mixed sentiment but with a bullish tilt. The trading volume for Intel is high, and the stock is currently neutral according to RSI indicators.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 4:34 pm

BMWYY

FTXR

HMC

RDIV

Ford, BMW, and Honda have launched ChargeScape, a joint venture aimed at integrating electric vehicles with the power grid to stabilize it and reduce charging costs. This initiative is expected to transform EVs into assets for the grid, with Ford's shares trading higher following the announcement.

Portfolio Pulse from Lekha Gupta

September 18, 2024 | 4:33 pm

DIA

IWM

QQQ

RMD

SPY

XLE

XLK

Ahead of the FOMC meeting, Wall Street is experiencing modest losses with uncertainty over the size of the expected rate cut. Treasury yields are rising, and the VIX is up 8%, indicating increased market anxiety. Major indices and ETFs are mostly down, except for the Energy Select Sector SPDR Fund (XLE), which is up. ResMed Inc. (RMD) fell over 5% due to a downgrade, while General Motors Co. (GM) rose over 2% after announcing access to Tesla's Supercharger network.

Portfolio Pulse from Piero Cingari

September 18, 2024 | 4:32 pm

HUBS

HubSpot has increased its long-term operating margin target from 17% to 25%, indicating a positive outlook for the company's profitability.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 4:29 pm

ASML

BABA

LRCX

NVDA

China's YMTC is making progress in replacing ASML and Lam Research technology with domestic alternatives due to US sanctions. This impacts companies like YMTC and Huawei, as well as Chinese hyperscalers like Alibaba, affecting their AI ambitions.

Portfolio Pulse from Anusuya Lahiri

September 18, 2024 | 4:21 pm

NEE

Recent options activity for NextEra Energy (NYSE:NEE) shows a bearish sentiment among large investors, with 66% of trades being bearish. The price range eyed by these investors is between $72.5 and $90.0. Analysts have mixed ratings, with price targets ranging from $81 to $102.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 4:19 pm