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BMY

RVPH

Reviva Pharmaceuticals' Brilaroxazine shows strong efficacy in treating schizophrenia, potentially offering cognitive benefits and a better metabolic profile compared to Bristol Myers' recently FDA-approved Cobenfy. Analysts see potential for Brilaroxazine in the treatment landscape.

Portfolio Pulse from Vandana Singh

October 07, 2024 | 6:13 pm

SMCI

STZ

TLT

USO

Stocks fell as oil prices surged and 10-year yields crossed 4% due to Middle East tensions. The energy sector outperformed, with USO rising over 3%. Major indices like the S&P 500 and Dow Jones declined. Super Micro Computer Inc. surged 14% on product news, while Everest Group Ltd. and Constellation Brands Inc. faced downgrades.

Portfolio Pulse from Piero Cingari

October 07, 2024 | 6:02 pm

IBKR

Interactive Brokers (NASDAQ:IBKR) has announced that trading in Election Forecast Contracts has surpassed 1 million since their launch on October 3, 2024. These contracts allow US investors to trade predictions on political outcomes, economic data releases, and climate indicators via the ForecastEx exchange. The high demand highlights the growing relevance of political prediction markets.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:02 pm

GSK

PFE

Pfizer won a legal battle in London, invalidating two of GSK's RSV vaccine patents. This victory comes as Pfizer faces reduced demand for COVID-19 vaccines. Activist investor Starboard Value has invested $1 billion in Pfizer. Both companies are competing in the RSV vaccine market, projected to exceed $10 billion by 2030.

Portfolio Pulse from Vandana Singh

October 07, 2024 | 5:56 pm

BABA

MCHI

SPY

TCEHY

Chinese stocks have surged, with the MSCI China Index outperforming the S&P 500 due to policy stimulus. The iShares MSCI China ETF (MCHI) rose over 35% from Sept. 24 to Oct. 7. Major Chinese companies like Alibaba and Tencent saw significant gains. Analysts advise caution, suggesting potential pullbacks but also long-term opportunities in certain sectors.

Portfolio Pulse from Piero Cingari

October 07, 2024 | 5:49 pm

AAPL

ARCH

CSIQ

CVX

GOOG

GOOGL

JPM

MSFT

TSLA

WFC

XOM

The 2024 election between Kamala Harris and Donald Trump could impact financial and energy stocks similarly to the 2016 election. Trump's 2016 win boosted financial and fossil fuel stocks, while tech and clean energy stocks declined. A Trump victory in 2024 might repeat these trends.

Portfolio Pulse from Hayden Buckfire

October 07, 2024 | 5:44 pm

CWBHF

TLRY

Tilray Brands, Inc. has launched new CBD gummies in Canada in partnership with Charlotte's Web. The gummies are available in select retailers and online, featuring two flavors with 25mg of CBD each. Tilray will release its Q1 financial results on October 10.

Portfolio Pulse from Jelena Martinovic

October 07, 2024 | 5:34 pm

ACGL

PGR

TRV

Insurance companies' shares are declining as Hurricane Milton, a Category 5 storm, approaches Florida, which is still recovering from Hurricane Helene.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:33 pm

BTBT

NVDA

Bit Digital, Inc. (NASDAQ:BTBT) is a unique Bitcoin miner with operations in AI and Ethereum staking. The company has pioneered a business model called The Bit Digital Flywheel, which synergizes Bitcoin mining and Ethereum staking. Bit Digital also offers AI infrastructure services using Nvidia GPUs. Despite its stock trading below $3, the company has a strong balance sheet with no debt and over $200 million in liquidity.

Portfolio Pulse from David Pinsen

October 07, 2024 | 5:31 pm

TSLA

Tesla's upcoming Robotaxi Day on October 10 is expected to showcase robotaxis and potentially other significant announcements. Analysts from Cantor Fitzgerald and Stifel have shared their insights, with expectations of unveiling a concept car and updates on Full Self-Driving technology. The event could serve as a positive catalyst for Tesla's stock.

Portfolio Pulse from Chris Katje

October 07, 2024 | 5:07 pm