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The 'Magnificent 7' technology companies have driven significant gains in the SPDR S&P 500 ETF Trust (SPY) in 2024. These companies include Microsoft, Apple, NVIDIA, Alphabet, Amazon, Meta Platforms, and Tesla. The Roundhill Magnificent Seven ETF (MAGS) has also seen substantial growth. The combined market cap of these companies is nearing the size of China's projected GDP for 2024. Key factors influencing future performance include AI development, earnings results, regulatory concerns, and the 2024 election.

Portfolio Pulse from Hayden Buckfire

July 05, 2024 | 8:07 pm

IVA

Inventiva (NASDAQ: IVA) provided an update on its NATiV3 clinical program evaluating lanifibranor in patients with MASH/NASH. Recruitment is progressing well with over 80% of the targeted patients enrolled in the main cohort and 100% in the exploratory cohort. The first visit of the last patient is expected in the second half of 2024, with topline results anticipated in mid-2026. The company has also strengthened its patent portfolio and is working on securing financing.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 8:02 pm

AMD

Advanced Micro Devices (AMD) shares are trading higher on Friday, rebounding from earlier declines in the week. The stock's rise is attributed to broader market gains and positive remarks from Fed Chair Jerome Powell. AMD's ongoing innovations in AI technologies also contribute to its competitive edge.

Portfolio Pulse from Vaishali Prayag

July 05, 2024 | 7:50 pm

GBTC

IBIT

The article compares two Bitcoin ETFs: Grayscale Bitcoin Trust (GBTC) and iShares Bitcoin Trust (IBIT). Despite GBTC's superior price performance, IBIT has a larger AUM, likely due to its lower expense ratio and BlackRock's strong reputation. Both ETFs track the same Bitcoin index and show similar technical indicators.

Portfolio Pulse from Surbhi Jain

July 05, 2024 | 7:50 pm

MATICUSD

USDCUSD

Following a contentious debate, polls and betting odds suggest Kamala Harris may have a better chance than Joe Biden to beat Donald Trump in the 2024 presidential election. Harris leads Biden in three of six swing states and has surpassed him in betting odds and prediction markets.

Portfolio Pulse from Chris Katje

July 05, 2024 | 7:48 pm

GFS

GlobalFoundries is aggressively recruiting talent to meet soaring demand for semiconductors, driven by funding from the CHIPS and Science Act. The company is addressing a projected shortfall of workers by targeting veterans, workforce reentry programs, and women in construction. GlobalFoundries is also expanding its manufacturing capacity with $1.5 billion in CHIPS funding, creating thousands of jobs.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 7:40 pm

EHGO

KOSS

M

NIO

STSS

XPEV

U.S. stocks traded mostly higher with the Nasdaq Composite gaining over 150 points. Key movers included Koss Corporation, Macy’s, Sharps Technology, NIO Inc., Eshallgo Inc., and XPeng Inc. Gold and silver prices rose, while oil prices fell.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 7:35 pm

AAPL

Apple has approved Epic Games Sweden AB's marketplace app following an antitrust complaint by Epic Games.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 7:25 pm

AMD

INTC

META

MSFT

NVDA

Intel and AMD are gradually increasing their roles in the AI chip market, challenging Nvidia's dominance. Intel is focusing on long-term strategies with new AI accelerators and expanding manufacturing capacity, while AMD is restructuring to prioritize AI with new chip series and major client signings. Both companies face challenges but see potential for growth.

Portfolio Pulse from Upwallstreet

July 05, 2024 | 6:51 pm

LLY

Eli Lilly (NYSE:LLY) shares are seeing increased activity due to mixed sentiment in options trading and positive developments in their GLP-1 treatments. Morgan Stanley maintained an Overweight rating with a $1023 price target, while other analysts have varied ratings. Shares are up 1.91% at $915.23.

Portfolio Pulse from Vaishali Prayag

July 05, 2024 | 6:47 pm