Streetbeat News

Assets

NBTX

Nanobiotix has updated its financial guidance, expecting cash and equivalents of €66.3 million by the end of June, which will now fund operations into Q4 2025, extending from the previous guidance of Q3 2025.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 8:21 pm

AMZN

EA

Electronic Arts Inc (EA) is shifting its focus from releasing Sims 5 to expanding The Sims 4 and developing new projects like Project Rene. EA is also working on a Sims movie with Amazon MGM Studios and increasing its reliance on AI for game development.

Portfolio Pulse from Franca Quarneti

September 18, 2024 | 7:45 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are stabilizing after the Federal Reserve's 50 basis points rate cut, which is seen as bullish for risk assets like Bitcoin. Bitcoin ETFs are buying more than 100% of newly mined BTC, and traders are optimistic about a potential bull market resumption if Bitcoin closes above $61,500.

Portfolio Pulse from Khyathi Dalal

September 18, 2024 | 7:27 pm

SPY

VOO

VTI

The article compares two major U.S. stock market ETFs, VOO and VTI, in light of potential interest rate cuts by the Federal Reserve. VOO tracks the S&P 500 Index, while VTI tracks the broader CRSP U.S. Total Market Index, including small-cap stocks. Historically, rate cuts have benefited small-cap stocks, suggesting VTI might see increased inflows. Both ETFs have low expense ratios and have shown different performance metrics over various time frames.

Portfolio Pulse from Chris Katje

September 18, 2024 | 7:24 pm

SPY

Federal Reserve Chair Jerome Powell stated that reserves are currently abundant and are expected to remain so for some time. He emphasized that the Fed is not considering stopping the runoff of its balance sheet, indicating that both balance sheet adjustments and policy rate changes are part of the normalization process.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:50 pm

GLD

QQQ

SPY

TLT

XLB

XLE

The Federal Reserve cut interest rates by 0.5%, marking the first cut since March 2020, and setting the target fed funds rate between 4.75% and 5%. This decision led to a rise in the S&P 500 and gold prices, with various ETFs and stocks reacting differently. The SPDR S&P 500 (SPY) rose by 0.39%, while the Materials Select Sector SPDR Fund (XLB) showed strength, and the Energy Select Sector SPDR Fund (XLE) weakened. The SPDR Gold Trust (GLD) increased by 1.01%, and the Invesco QQQ Trust (QQQ) rose by 0.64%. Meanwhile, the iShares 20+ Year Treasury Bond ETF (TLT) fell by 0.39%.

Portfolio Pulse from Adam Eckert

September 18, 2024 | 6:32 pm

SPY

USO

The US government is looking to purchase up to 6 million barrels of oil to replenish its Strategic Petroleum Reserve, according to the Energy Department. This move is part of efforts to stabilize oil reserves.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:11 pm

GLD

SLV

Gold and silver prices have increased following a 50 basis points rate cut by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:06 pm

AMD

INTC

MARA

MRVL

MSTR

NVDA

ORCL

PLTR

SMCI

TSM

The article highlights significant options activity for several information technology stocks, indicating potential trading opportunities. Notable bullish sentiment is observed for NVDA, TSM, PLTR, and INTC, while bearish sentiment is noted for ORCL and MARA.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 5:35 pm