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SCS

Steelcase Inc. (NYSE:SCS) shares fell after reporting Q2 earnings that beat expectations but missed on revenue. The company saw growth in the Americas but faced international challenges, particularly in China. Steelcase projects Q3 revenue between $785M and $810M.

Portfolio Pulse from Erica Kollmann

September 18, 2024 | 8:56 pm

XCUR

Exicure Inc (NASDAQ:XCUR) shares soared in after-hours trading following an announcement of a Nasdaq listing extension. The company must comply with listing criteria by Nov. 14. Exicure recently regained compliance with Nasdaq's minimum bid price and converted $1 million of debt to equity. The stock, a low-float micro-cap, more than doubled, reaching new 52-week highs.

Portfolio Pulse from Adam Eckert

September 18, 2024 | 8:51 pm

NVDA

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSM) stock has declined by 4% in the last 30 days amid volatility following Nvidia's earnings report. The semiconductor sector, represented by ETFs like SMH and SOXX, also saw declines. Despite geopolitical tensions and a sector selloff, TSM is focusing on AI accelerator growth and localizing neon gas production. TSM reported 33% topline growth in August 2024, driven by smartphone market recovery and Nvidia AI chip demand. Key wins include deals with Google and Apple.

Portfolio Pulse from Anusuya Lahiri

September 18, 2024 | 8:45 pm

PLCE

Children's Place (NYSE:PLCE) has seen a significant rise in short interest, with 53.78% of its float sold short. This is much higher than its peers' average of 12.24%. The high short interest could indicate bearish sentiment, but it might also present a bullish opportunity if the stock price rises.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 8:45 pm

EBC

Eastern Bankshares (NYSE:EBC) has seen a 7.49% decrease in its short percent of float, now at 1.73%. This is lower than its peers' average of 4.88%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 8:45 pm

United States Steel (NYSE:X) has seen a 7.42% increase in its short percent of float, now at 8.83% of available shares. This is higher than its peers' average of 4.81%. The rise in short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 8:45 pm

SOFI

SoFi Technologies Inc. (NASDAQ:SOFI) experienced heavy trading as the Federal Reserve announced its first interest rate cut in four years, reducing the federal funds rate by 50 basis points. SoFi's stock initially spiked but closed slightly down. The company could benefit from lower rates across its diversified financial offerings.

Portfolio Pulse from Erica Kollmann

September 18, 2024 | 8:30 pm

CARA

CURR

GENE

SNDL

UGRO

XXII

Marijuana stocks experienced a bullish Wednesday with several companies seeing significant gains, including Australis Capital and Cara Therapeutics. However, Leafbuyer Techs saw a major decline.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 8:30 pm

IWM

SPY

The Federal Reserve has cut interest rates by 50 basis points, marking the first reduction in over four years. This move is expected to lower mortgage, credit card, and auto loan rates, potentially boosting consumer spending and home purchases. However, it may also lead to a decline in the US Dollar's value and lower returns on savings and treasuries. The iShares Russell 2000 ETF (IWM) is outperforming the SPDR S&P 500 ETF Trust (SPY) as small-cap stocks benefit from the rate cut.

Portfolio Pulse from Chris Katje

September 18, 2024 | 8:28 pm

KTOS

SPY

Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) shares hit new 52-week highs due to a $79.8 million U.S. Air Force contract and a broader market boost from a Federal Reserve rate cut. The contract could reach $374.04 million if all options are exercised.

Portfolio Pulse from Adam Eckert

September 18, 2024 | 8:23 pm