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SPY

VGK

Fed's Goolsbee emphasized the importance of monitoring inflation and suggested that if progress continues, interest rates could be lowered, potentially avoiding a recession. He also noted that rate cuts in European countries could strengthen the US dollar.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:36 pm

SPY

Fed's Goolsbee suggests that the current economic dynamics resemble a regular business cycle. If inflation continues to improve, the Fed may cut rates. However, economic pain is increasing, with rising delinquencies, though not at recession levels.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:36 pm

IESC

IES Holdings (NASDAQ: IESC) has significantly outperformed the market over the past 5 years, delivering an average annual return of 48.76%. A $1000 investment in IESC 5 years ago would now be worth $7,217.74. The company's current market capitalization is $2.78 billion.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 6:30 pm

BA

LUV

Boeing shares are trading lower following a report suggesting the company and Airbus are under FAA investigation for the authenticity of titanium parts used in some jets. The US National Transportation Safety Board reportedly opened a probe into the May 25 Southwest Airlines in-flight event.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:30 pm

U

Unity Software's (NYSE:U) short interest has risen by 16.59%, with 36.37 million shares sold short, representing 9.7% of its float. This is higher than the peer group average of 7.87%. It would take traders 3.51 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 6:30 pm

RRX

Regal Rexnord (NYSE:RRX) has outperformed the market over the past 20 years with an average annual return of 9.65%, resulting in a $100 investment growing to $634.38. The company currently has a market capitalization of $9.03 billion.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 6:30 pm

DKNG

FOX

FOXA

The Euro 2024 tournament will be broadcast in the U.S. by Fox Corporation (NASDAQ:FOX, NASDAQ:FOXA), which could benefit from high viewership similar to the 2022 World Cup. Betting odds for the tournament are provided by DraftKings Inc (NASDAQ:DKNG), with France and England as co-favorites. Cristiano Ronaldo's potential last Euro tournament is a major storyline.

Portfolio Pulse from Chris Katje

June 14, 2024 | 6:27 pm

ENGN

EnGene Holdings Inc. (NASDAQ:ENGN) shares are trading lower after reporting a significant increase in net loss for Q2 2024, driven by higher operating expenses. The company also announced strategic developments, including the expansion of its LEGEND study and key leadership hires.

Portfolio Pulse from Vaishali Prayag

June 14, 2024 | 6:26 pm

LRHC

La Rosa Holdings shares were halted on a circuit breaker due to a significant upward movement, with the stock now up by 194.5%.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:25 pm

LRHC

La Rosa Holdings (LRHC) shares have resumed trading after a temporary halt. Investors should monitor the stock for potential volatility as trading activity picks up.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:24 pm