Streetbeat News

Products Services

ALMS

Alumis Inc (NASDAQ:ALMS) raised $210 million in its downsized IPO, pricing shares at $16 each. The company also sold 2.5 million shares in a private placement. Alumis is developing therapies for immune-mediated diseases, with its lead candidate ESK-001 in Phase 2 trials for plaque psoriasis and systemic lupus erythematosus. Shares are expected to start trading on June 28, 2024.

Portfolio Pulse from Vandana Singh

June 28, 2024 | 5:36 pm

AMZN

CVNA

DKNG

MGM

NKE

PDD

RIVN

SBUX

TSLA

The article highlights unusual options activity for 10 consumer discretionary stocks, indicating potential trading opportunities. The stocks mentioned include TSLA, AMZN, RIVN, DKNG, NKE, F, PDD, SBUX, CVNA, and MGM, with varying bullish and bearish sentiments.

Portfolio Pulse from Benzinga Insights

June 28, 2024 | 5:35 pm

SAVA

Cassava Sciences shares have resumed trading after a temporary halt. The company, known for its work in Alzheimer's disease treatments, saw its stock activity paused earlier today.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 5:34 pm

BKR

DIA

FSLR

KRE

NKE

QQQ

SPY

TAN

TLT

WOOF

XLE

XLU

Wall Street saw a mixed session with major indices slightly lower despite positive inflation data. The PCE price index fell to its lowest level since March 2021, aligning with economists' predictions and reinforcing expectations for potential interest rate cuts. Energy stocks outperformed, likely due to Trump's strong debate performance, while Treasury yields rose. Key movers included Nike, Petco, Baker Hughes, and First Solar.

Portfolio Pulse from Piero Cingari

June 28, 2024 | 5:31 pm

PYPL

RBC Capital analyst Daniel Perlin reiterated an Outperform rating for PayPal Holdings Inc (NASDAQ:PYPL) with a price target of $84. Perlin's increased conviction in PayPal's profitable growth is based on new leadership, better transaction margins, and improved monetization strategies for Venmo and PayPal digital wallets. Wall Street analysts have an average 12-month price target of $74.21 for PayPal, with a high of $90 and a low of $65. PayPal shares traded lower by 0.34% at $58.17 on Friday.

Portfolio Pulse from Anusuya Lahiri

June 28, 2024 | 5:29 pm

AMD

IVW

NVDA

TSM

VGT

The semiconductor industry, led by Nvidia (NVDA) and AMD (AMD), saw a recovery after a Thursday pullback, driven by ongoing AI enthusiasm. TSMC (TSM) received government approval for $10.26 billion to build additional fabs in Japan and Arizona. Nvidia and AMD have nearly booked TSMC's 3nm process to full capacity through 2026. Nvidia's stock has surged 205% in the last 12 months, while AMD's stock has gained 48%. Investors can gain exposure to Nvidia via ETFs like VGT and IVW.

Portfolio Pulse from Anusuya Lahiri

June 28, 2024 | 5:25 pm

MRNA

Moderna, Inc. (NASDAQ:MRNA) stock is trending on Friday following the European Medicines Agency’s positive opinion on its RSV vaccine, mRNA-1345, for adults aged 60 and older. The vaccine showed an efficacy rate of 83.7% in a Phase 3 trial. Analysts have recently adjusted their price targets for Moderna.

Portfolio Pulse from Dylan Berman

June 28, 2024 | 5:15 pm

CMND

Clearmind Medicine Inc. (NASDAQ:CMND) shares surged after the company announced a patent approval in Hong Kong for its MEAI-based binge behavior regulator program. The stock saw heavy trading volume, significantly above its 100-day average.

Portfolio Pulse from Erica Kollmann

June 28, 2024 | 5:11 pm

SPY

San Francisco Fed's Mary Daly stated at the Aspen Ideas Festival that AI is perceived as transformative by everyone.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 5:04 pm

GLNCY

Experts, including an executive from Glencore ADR (OTC:GLNCY), highlight that the U.S. permitting system is hindering the domestic battery metals industry. They argue that the slow permitting process creates uncertainty, making it difficult to attract capital and develop projects, which in turn affects the supply chain for battery materials.

Portfolio Pulse from Matt Whittaker

June 28, 2024 | 5:01 pm