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ALB

LAAC

LAC

SQM

Lithium stocks are experiencing a rise in share prices following an increase in lithium prices, which was triggered by the Federal Reserve's decision to cut rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 4:04 pm

TRMB

Trimble shares rose after JP Morgan maintained a Neutral rating but increased its price target from $58 to $66.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 3:59 pm

DRI

UBER

Darden Restaurants, Inc. (NYSE:DRI) missed Q1 earnings estimates but announced a partnership with Uber for delivery expansion. Despite missing earnings, DRI shares rose 7.39%. The company also declared a quarterly dividend and continued its share repurchase program.

Portfolio Pulse from Nabaparna Bhattacharya

September 19, 2024 | 3:59 pm

SVMH

SRIVARU Holding Limited has received approval from the Nasdaq Panel for continued listing, contingent on meeting specific compliance requirements by November 14, 2024. The company must demonstrate compliance with stockholders' equity standards and may need to complete a reverse share split.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 3:57 pm

VST

Vistra Corp. (NYSE:VST) shares are experiencing volatility following the announcement of agreements to acquire a 15% equity interest in Vistra Vision from Nuveen Asset Management and Avenue Capital Management II. This move consolidates Vistra's position in the clean energy sector.

Portfolio Pulse from Vaishali Prayag

September 19, 2024 | 3:55 pm

UPST

Upstart Holdings, Inc. (NASDAQ:UPST) shares are trading higher following a 50 basis point interest rate cut by the Federal Reserve. This cut could benefit Upstart's loan segments by attracting more borrowers. Additionally, Upstart announced an upsized private offering of $375 million in convertible senior notes. Despite the current rally, analysts have mixed ratings on UPST, with an average price target suggesting potential downside.

Portfolio Pulse from Erica Kollmann

September 19, 2024 | 3:53 pm

BTCUSD

The Federal Reserve's 50-basis point interest rate cut is seen as a positive move for risk assets like Bitcoin, with potential further cuts in 2024. Analyst Alex Krüger suggests a bullish outlook for Bitcoin, though its trajectory may be influenced by U.S. election results. The Fed's easing cycle, without a recession, historically boosts equities, but investors should watch economic indicators and political developments.

Portfolio Pulse from Khyathi Dalal

September 19, 2024 | 3:52 pm

GOOG

IBM

TMUS

VRNT

Verint Systems Inc (NASDAQ:VRNT) is under scrutiny after The Bear Cave released a bearish report, suggesting that AI advancements could disrupt the company. The report argues that AI-powered competitors may take market share from Verint's automated bot offerings, potentially impacting its future. The Bear Cave highlights competition from companies like Google, IBM, and startups, as well as a T-Mobile partnership with OpenAI. Verint recently missed analyst estimates and issued soft guidance, raising concerns about its future in the AI-driven market.

Portfolio Pulse from Adam Eckert

September 19, 2024 | 3:51 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) shares are trading higher following the Federal Reserve's unexpected 50 basis point interest rate cut, which has boosted risk assets like stocks and cryptocurrencies. Bitcoin and Ethereum have also seen increased trading activity. Analysts have a positive outlook on Coinbase with an average 12-month price target of $257.25.

Portfolio Pulse from Erica Kollmann

September 19, 2024 | 3:50 pm

HLX

Helix Energy Solutions shares rose after Raymond James initiated coverage with a Strong Buy rating and set a price target of $14.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 3:47 pm