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Legal

AAPL

AMD

GOOG

INTC

META

The EU is probing Apple, Meta, and Alphabet under the Digital Markets Act, with potential fines up to 10% of global revenues. China bans Intel and AMD microprocessors in government computers, significantly impacting their sales. Fed's Bostic expects only one rate cut this year, contrary to market expectations of three. Early trade shows neutral money flows in NVIDIA, negative in Amazon, Tesla, Microsoft, Google, Meta, and Apple, and positive in Invesco QQQ Trust.

Portfolio Pulse from The Arora Report

March 25, 2024 | 4:07 pm

DWAC

PHUN

SPY

A U.S. Appeals Court has ruled that former President Trump can post a smaller bond of $175M within 10 days to guarantee a civil fraud judgment, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 4:06 pm

DWAC

PHUN

SPY

Former President Trump has been granted the option to pay a reduced bond while appealing a $454 million fine imposed by New York. This development could have implications for assets related to Trump, including DWAC and PHUN, as well as broader market indicators like SPY.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 4:06 pm

AAPL

Despite a Department of Justice lawsuit alleging monopolistic practices, major Wall Street banks like Goldman Sachs and Bank of America maintain optimistic outlooks on Apple Inc. (NASDAQ:AAPL), citing its brand strength, quality of products, and potential for growth. Both banks have reiterated their positive ratings and set high 12-month price targets for Apple's stock.

Portfolio Pulse from Piero Cingari

March 25, 2024 | 4:05 pm

OCGN

Ocugen Inc (NASDAQ:OCGN) shares surged 25.6% to $2.06, possibly due to the Third Circuit Court of Appeals upholding the dismissal of securities class action lawsuits against the company. Additionally, Ocugen's Board of Directors approved an amendment to reduce the quorum requirement for stockholder meetings, potentially streamlining corporate governance and enhancing flexibility.

Portfolio Pulse from Henry Khederian

March 25, 2024 | 4:04 pm

MSOS

A new poll by the American Bankers Association (ABA) reveals that 63% of Americans support allowing marijuana businesses access to banking services. This comes as Congress sees a renewed push for the Secure and Fair Enforcement (SAFER) Banking Act, aimed at protecting banks serving state-licensed cannabis businesses from federal penalties. Senate Majority Leader Chuck Schumer and Senate Banking Committee Chairman Sherrod Brown have expressed high priority for passing the SAFER Banking Act, with bipartisan and bicameral talks being described as productive. The bill, which has faced delays due to disagreements over non-cannabis banking regulations, is gaining momentum with efforts to bring it to the Senate floor this year.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 2:18 pm

FXI

SPY

The Biden administration plans to publicly accuse Chinese hackers, linked to China's Ministry of State Security, of conducting espionage against US companies. This includes criminal charges, sanctions, and rewards for information. The hackers reportedly used a Wuhan-based tech company as a front. The UK is also set to make similar accusations. This announcement comes amid tense US-China cyber relations, following FBI warnings of potential disruptive cyberattacks by another Chinese group.

Portfolio Pulse from Happy Mohamed

March 25, 2024 | 2:18 pm

ARM

CRK

SOUN

TEVA

UBER

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' discussed various companies, recommending buying Arm Holdings and Unity Software due to leadership and partnership news, respectively. He expressed bullishness on Uber Technologies following a lawsuit settlement and changed his stance on Teva Pharmaceutical, citing its improvement and valuation. Cramer advised holding General Electric and preferred Lilly over Novo Nordisk due to upcoming drug news. He was less favorable towards Comstock Resources, suggesting Coterra as a better option, and remained neutral on JPMorgan Chase & Co. and SoundHound AI following analyst downgrades.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 1:05 pm

AMD

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are gaining momentum as analysts predict a positive outlook for the altcoin market and a potential rise in Bitcoin's value to $70K. In the US markets, stocks such as Esperion Therapeutics and Masimo are moving higher in pre-market sessions, despite a fall in investor sentiment. Political developments include potential actions by Trump regarding a bankruptcy trigger and Biden's comments on Trump's golf skills. In technology, AMD and Nvidia show divergent premarket movements, while China plans to replace AMD and Intel chips and Microsoft Windows in state computers. Tesla faces scrutiny over its production and valuation, but also sees developments with its Cybertruck and team. Boeing's labor union seeks a board voice, and Cathie Wood's Ark invests further in Tesla while selling a Bitcoin-linked stock. Other notable mentions include developments in Ukraine, Facebook, Nissan's electrification plans, and energy sector movements.

Portfolio Pulse from Akanksha Bakshi

March 25, 2024 | 12:51 pm

QCOM

Boeing Co. announced a major leadership overhaul with CEO Dave Calhoun set to resign by the end of 2024, alongside the resignation of board chairman Larry Kellner. Steve Mollenkopf, former CEO of Qualcomm Inc., will succeed Kellner as chair. The changes come as Boeing aims to navigate through the aftermath of the 737 Max crisis and recent quality issues. Shares of Boeing rose over 2% in premarket trading following the announcement.

Portfolio Pulse from Piero Cingari

March 25, 2024 | 12:31 pm