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Happy Tuesday! When I got my first job at 15 as a lifeguard, I thought it was going to be like Baywatch. Instead, it was basically just sitting in a chair trying not to get sunburnt. But, I did learn how to throw one of those circular floating rings to save someone if they were drowning, which is basically what Intel got yesterday. Plus, is this the end of work from home?

—Aaron Bry

Plus, take a look at the AI company that’s catching the interest of Wall Street analysts.

MARKET SNAPSHOT

Yesterday: Was a mixed day for Wall Street. The S&P 500 and Dow Industrial Average closed higher while tech was in the red, largely due to a big down day from Apple.

On Our Radar: Retail sales came in hotter than expected this morning, but the real economic news we care about is coming tomorrow morning. The Fed will make its decision regarding interest rates, with the market currently leaning toward a 50 BPS cut.

TOP STORY

What's Going On With Intel Stock On Tuesday?

Basically: Intel’s stock maintained upward momentum on Tuesday, a day after CEO Pat Gelsinger clarified its restructuring stance, bagged a multi-year, multi-billion-dollar U.S. chipmaking deal from existing customer Amazon.com Inc cloud unit and won a U.S. semiconductor grant.

So: The chipmaker proposed to convert its foundry business into an independent unit with its board and raise external capital. The struggling chipmaker also looks to divest a partial stake in the programmable chip unit Altera. But, will the company be able to maintain its positive momentum?

PRESENTED BY BRAND ENGAGEMENT NETWORK

Maxim Group Initiates Coverage Of Brand Engagement Network Stock With Buy Rating And Sets Impressive Price Target

Maxim Group initiated research coverage of Brand Engagement Network (BEN), a leader in creating empathetic AI experiences. Maxim issued a buy rating on BEN and calls it a pure play on conversational AI. Maxim cites the large market for generative AI and the expectation of broad integration of voice AI within two years. 

The group’s research focuses on significant market opportunities in the automotive and healthcare verticals and estimates that recurring annual revenue will accelerate significantly through 2027, leading the analyst to set a price target of $6. Click here to learn more about how Brand Engagement Network helps companies increase engagement with their clients.

FIVE ZINGERS

No Drop In This Shop: Retail sales for August came in higher than expected, in a sign that the consumer is still strong. Here’s what it means for the market.

Behind The Curve?: The Fed is gearing up to cut interest rates. But here’s why one economist thinks 50 BPS won’t be enough.

Highway To $DELL: Dell is perking up this morning following some bullish analyst coverage. Here’s why the analyst likes the stock at current levels. 

Jim And Nancy: If Jim Cramer and Nancy Pelosi both like a stock, does that cancel out? Time to find out with this AI-driven name.

Your Chance At $30k Risk-Free: Benzinga's World Championship of Trading is about to take off, and all you have to do is sign up and paper trade for your chance at the prizes.

ONE FOR THE ROAD

Amazon To Cut Management Layers, End Work From Home

Basically: Amazon.com, Inc CEO Andy Jassy is slashing management layers and making employees to return to the office five days a week beginning in January at the world's largest online retailer and cloud-computing company founded by billionaire Jeff Bezos.

So: The changes, sent in a memo to employees on Monday, would address what company veterans see as unnecessary meetings and layers of approvals just to get things done, Bloomberg reported. Could Amazon’s move be the final nail in the coffin for work from home?

PRESENTED BY LASER PHOTONICS

Fortifying Defense MRO With Cutting-Edge Laser Technology

Laser Photonics (NASDAQ: LASE), in partnership with Fonon Technologies, just landed a contract to arm a naval command in Virginia with next-generation maintenance capabilities. The company’s DefenseTech MF-1020 is a tactical-grade portable laser cleaning system – but it isn't just a tool; it's a sustainable solution, the company says, for surface preparation.

The dual-voltage system eliminates hazardous chemicals and abrasives and helps safeguard personnel while keeping critical equipment and assets battle-ready.

The laser equipment Laser Photonics creates is for defense and commercial clients alike. Learn more about how the company’s technology can support your industrial processes.

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