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Stock Prices

RIVN

Rivian Automotive has launched a pre-owned vehicle section on its online store, offering used R1T and R1S models at lower prices than new ones. This move could attract cost-conscious buyers and increase Rivian's market reach.

Portfolio Pulse from Anan Ashraf

September 19, 2024 | 12:34 pm

SCS

Steelcase shares declined following the company's disappointing Q2 revenue results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 12:33 pm

DOGEUSD

SHIBUSD

Dogecoin and Shiba Inu have seen price increases of 4.5% and 8% respectively, following a 50-basis point interest rate cut. Traders predict bullish momentum for these cryptocurrencies, with significant price targets set for both. Dogecoin is nearing a golden cross, while Shiba Inu has seen a decrease in whale transactions.

Portfolio Pulse from Khyathi Dalal

September 19, 2024 | 12:32 pm

LI

TSLA

Tesla's stock is rallying in premarket trading, driven by a 50 basis point cut in the Fed funds rate and strong vehicle registration data from China. The rate cut is expected to ease consumer borrowing costs, potentially boosting demand in the EV sector.

Portfolio Pulse from Shanthi Rexaline

September 19, 2024 | 12:31 pm

SPY

The US current account deficit for Q2 was reported at $266.8 billion, higher than the estimated $259.0 billion and the previous quarter's $241.0 billion. This indicates a larger than expected trade imbalance.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 12:30 pm

SPY

The Philadelphia Fed Manufacturing Index for September reported a value of 1.7, surpassing the estimated -0.8. This indicates a positive outlook for the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 12:30 pm

SPY

The latest report on initial jobless claims in the USA shows a decrease to 219,000, which is below the estimated 230,000 and the previous figure of 231,000. This indicates a stronger labor market than expected.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 12:30 pm

DRCR

SGN

Signing Day Sports, Inc. (NYSE:SGN) is acquiring 95-99% of Swifty Global in an all-equity deal, valuing Swifty at $156 million. The transaction will result in Swifty's CEO, James Gibbons, becoming CEO of Signing Day Sports. SGN shares rose 241.9% premarket.

Portfolio Pulse from Lekha Gupta

September 19, 2024 | 12:27 pm

THO

Thor Industries (NYSE:THO) is set to release its Q4 earnings on Sept. 24, with expected earnings of $4.83 per share and revenue of $21.99 billion. The company offers a 1.84% annual dividend yield, translating to $0.48 per share quarterly. Investors need significant investment to earn $500 monthly from dividends.

Portfolio Pulse from Avi Kapoor

September 19, 2024 | 12:25 pm

AMAL

CFR

FCNCA

HBAN

LOB

MCB

MTB

PNFP

WAL

The Federal Reserve's 50 basis point rate cut is expected to benefit mid- and small-cap banks by improving net interest margins and loan demand. JPMorgan analyst Steven Alexopoulos highlights several banks poised for growth, including First Citizens BancShares, Huntington Bancshares, M&T Bank, Western Alliance, Pinnacle Financial Partners, Cullen/Frost Bankers, Live Oak Bank, Metropolitan Bank, and Amalgamated Bank.

Portfolio Pulse from Surbhi Jain

September 19, 2024 | 12:24 pm