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Stock Prices

CCL

Carnival Corporation (NYSE:CCL) shares are trading lower after the company reported its third-quarter earnings and issued weaker-than-expected guidance for the fourth quarter. Despite beating third-quarter expectations, Carnival's forecast of 5 cents per share for the fourth quarter fell short of the consensus estimate of 7 cents. Analysts have mixed ratings, with Mizuho maintaining an Outperform rating and raising the price target to $26, while Morgan Stanley maintained an Underweight rating but increased the price target to $16.50. The stock is down 4.25% at $17.70 as investors digest the news.

Portfolio Pulse from Erica Kollmann

October 01, 2024 | 2:49 pm

HYDR

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares are trading lower as the company expands in Spain by collaborating with Carreras Grupo Logístico to launch a green hydrogen ecosystem. This initiative aims to replace lead-acid battery-powered forklifts with hydrogen fuel cells, promoting decarbonization and efficiency. Despite this positive development, PLUG stock has lost over 68% in the past year. Investors can also gain exposure to the stock via Global X Hydrogen ETF (NASDAQ:HYDR).

Portfolio Pulse from Nabaparna Bhattacharya

October 01, 2024 | 2:48 pm

SHEL

XLE

Shell's stock rose due to escalating Middle East tensions, which have increased oil prices. The geopolitical situation, including potential conflicts involving Iran, has led to concerns about oil supply disruptions, benefiting energy companies like Shell. The company's integrated energy portfolio is closely tied to global oil price fluctuations.

Portfolio Pulse from Henry Khederian

October 01, 2024 | 2:47 pm

AAL

ABNB

BKNG

CCL

DAL

MAR

RCL

UAL

Travel and hotel-related stocks are trading lower due to geopolitical tensions, with reports suggesting Iran may attack Israel, potentially impacting travel demand.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 2:40 pm

SPY

UUP

US manufacturing contracted in September, raising questions about the Federal Reserve's next move on interest rates. The S&P 500 index, tracked by SPDR S&P 500 ETF Trust (SPY), fell 1.22%, while the dollar rose, with Invesco DB USD Index Bullish Fund ETF (UUP) up 0.2%.

Portfolio Pulse from Michael Cohen

October 01, 2024 | 2:39 pm

DIA

GLD

QQQ

SPY

USO

Tensions in the Middle East have escalated with reports of a potential Iranian ballistic missile attack on Israel, leading to increased U.S. military presence in the region. This has caused market reactions, with oil and gold prices spiking and major U.S. stock indices declining.

Portfolio Pulse from Chris Katje

October 01, 2024 | 2:35 pm

EIS

ISRA

The Israeli military reported that several projectiles were identified crossing from Lebanon and landed in open areas in central Israel. This development could impact regional stability and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 2:35 pm

ZENA

The trading halt for an IPO security has been updated, and the security is now released for quotation as of 10:35:00 AM ET.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 2:35 pm

OXY

Occidental Petroleum (NYSE:OXY) has seen a surge in options trading, with a mix of bullish and bearish sentiments. Significant investors are targeting a price range of $37.5 to $70.0. The stock is currently trading at $52.48, with a consensus target price of $65.6 from analysts.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 2:31 pm

BABA

Deep-pocketed investors are showing significant interest in Alibaba Gr Hldgs (NYSE:BABA) options, with a notable increase in both call and put activities. The sentiment is mixed, with a slight bullish tilt. The stock is currently trading at $108.24, up by 2.0%, but RSI suggests it may be overbought.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 2:31 pm