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ALCE

BNZI

IKT

MNTS

SPGC

VERB

U.S. stocks rose with the Dow Jones gaining over 350 points. Financials led the gains, while utilities lagged. U.S. crude oil inventories increased significantly. Momentus Inc. surged on a NASA contract, while Banzai International and Inhibikase Therapeutics also saw gains. Sacks Parente Golf, Verb Technology, and Alternus Clean Energy faced declines.

Portfolio Pulse from Avi Kapoor

October 09, 2024 | 6:36 pm

NISN

NiSun International Enterprise Development Group's shares are trading lower after the company announced its expectations for H1 revenue. The stock initially rose but then reversed its gains.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:36 pm

SPY

UUP

The Federal Reserve's September meeting minutes reveal a debate over the extent of interest rate cuts, with a 50-basis-point reduction ultimately chosen. This decision led to a decrease in market expectations for a November rate cut, strengthening the U.S. Dollar and increasing Treasury yields, while the S&P 500 remained stable.

Portfolio Pulse from Piero Cingari

October 09, 2024 | 6:32 pm

QCOM

Deep-pocketed investors are showing significant interest in Qualcomm (NASDAQ:QCOM) options, with a notable bearish sentiment. Benzinga's options scanner detected 55 extraordinary options activities, with 50% of investors leaning bearish. The trading volume for QCOM is up by 1.7%, reaching $169.16, but the stock may be approaching overbought levels.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 6:31 pm

F

Wealthy investors are showing a bearish stance on Ford Motor (NYSE:F) with 80% of recent options trades being puts. This suggests potential negative sentiment or insider knowledge about upcoming events. Analysts have mixed ratings, with price targets ranging from $9 to $16.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 6:31 pm

RIOT

Riot Platforms (NASDAQ:RIOT) has significantly outperformed the market over the past 5 years, with an average annual return of 35.21%. A $1000 investment in RIOT 5 years ago would now be worth $4,494.41. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 6:30 pm

ADI

Analog Devices (NASDAQ:ADI) has outperformed the market over the past 20 years with an average annual return of 9.56%, slightly above the market average. A $100 investment in ADI 20 years ago would now be worth $621.29, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 6:30 pm

USO

Oil prices, tracked by the United States Oil Fund (NYSE:USO), fell over 1% to $73 per barrel due to weaker demand from China and geopolitical tensions in the Middle East. Concerns over potential disruptions in Iranian oil production could lead to a $10-$20 increase in oil prices.

Portfolio Pulse from Piero Cingari

October 09, 2024 | 6:29 pm

LYFT

TSLA

UBER

Tesla's upcoming Robotaxi event poses a potential threat to Uber and Lyft, but JPMorgan analyst Doug Anmuth believes Uber is well-positioned in the autonomous vehicle (AV) ecosystem. Despite Tesla's aggressive push, Uber's strategic partnerships with AV companies like Waymo and Cruise provide it with a strong foothold. Anmuth maintains an Overweight rating for Uber, with a price target of $95 by December 2025, and suggests that regulatory challenges may delay Tesla's plans, giving Uber time to strengthen its position.

Portfolio Pulse from Surbhi Jain

October 09, 2024 | 6:28 pm

VIRI

HC Wainwright & Co. has maintained a Neutral rating on Virios Therapeutics and adjusted the price target to $5 following a 25-1 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:24 pm