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AMD

AMD shares fell 4% after the 'Advancing AI 2024' event, where new high-performance computing solutions were launched. Despite the drop, analysts remain optimistic with a 12-month price target of $191.19.

Portfolio Pulse from Erica Kollmann

October 10, 2024 | 9:26 pm

CNPOF

CNTMF

SMG

RIV Capital Inc. and Cansortium Inc. have received approval from the New York Cannabis Control Board for their merger, expected to close by the end of 2024. This merger positions the combined company to cover 25% of the U.S. population with significant cultivation and retail operations. The merger offers a unique opportunity for cannabis investors, with RIV Capital's partnership with The Hawthorne Collective, a subsidiary of ScottsMiracle-Gro, further strengthening its position.

Portfolio Pulse from Nicolás Jose Rodriguez

October 10, 2024 | 9:21 pm

DNLI

SNY

Denali Therapeutics' stock is declining after-hours following the discontinuation of its Phase 2 study of oditrasertib, as announced by its partner Sanofi. The study failed to meet primary and secondary endpoints. Analysts have mixed ratings on Denali, with some maintaining buy ratings and others a market perform rating.

Portfolio Pulse from Adam Eckert

October 10, 2024 | 8:58 pm

CRWD

DAL

MSFT

Delta Airlines faced a challenging third quarter due to a technology outage caused by CrowdStrike and Microsoft, resulting in significant revenue loss. Despite this, Delta expects strong fourth-quarter earnings driven by holiday demand. The airline is seeking compensation from CrowdStrike and Microsoft for the outage.

Portfolio Pulse from Upwallstreet

October 10, 2024 | 8:56 pm

USO

Crude oil prices surged over 3% due to Middle East tensions and Hurricane Milton. WTI crude, tracked by USO, rose to $76 per barrel. Israel's military actions in Lebanon and potential threats to Gulf oil facilities are key factors. Gulf nations urge restraint to prevent escalation.

Portfolio Pulse from Piero Cingari

October 10, 2024 | 8:56 pm

AEHR

Aehr Test Systems reported better-than-expected Q1 results, with earnings and revenue surpassing analyst estimates. The company also highlighted strong bookings and a strategic focus on expanding into new markets. Shares rose over 10% in after-hours trading.

Portfolio Pulse from Erica Kollmann

October 10, 2024 | 8:46 pm

AWK

American Water has reactivated its systems following a cybersecurity event. The company reports no impact on its water and wastewater facilities, and water quality remains unaffected.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 8:31 pm

AGMH

AGM Group Holdings has partnered with Nowlit to launch AGM Energy Corp, aiming to expand in the AI and crypto markets in North America.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 8:20 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are trading lower following inflation data, with Bitcoin ETFs experiencing outflows and Ethereum flows remaining muted. Bitcoin, Ethereum, and Dogecoin have all seen price declines. Notable statistics include a decrease in large transaction volume and a significant number of trader liquidations. Despite the downturn, some traders view the dip as a buying opportunity, with potential scenarios for Bitcoin's price movement being discussed.

Portfolio Pulse from Khyathi Dalal

October 10, 2024 | 8:15 pm

SENS

Senseonics Holdings, Inc. and Mercy have announced the first commercial use of the Eversense 365 CGM system, a long-term glucose monitoring device approved for use in the US. This marks a significant milestone in their collaboration, with a commercial launch by Ascensia Diabetes Care.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 8:13 pm