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Shares of U.S.-listed mortgage lenders have risen after U.S. regulators allowed Freddie Mac to buy second mortgages, potentially lowering borrowing costs against home equity. The Federal Housing Finance Authority (FHFA) approved a pilot program for Freddie Mac to buy up to $2.5 billion of second mortgages over 18 months.

Portfolio Pulse from Michael Juliano

June 24, 2024 | 11:06 pm

FOX

FOXA

LYV

Tucker Carlson is embarking on a live tour featuring various conservative figures ahead of the 2024 presidential election. Despite Carlson's claim that the tour would sell out, tickets remain available. The tour is being facilitated by Live Nation Entertainment's Ticketmaster. Carlson's departure from Fox News and the subsequent tour come at a critical time for political commentary.

Portfolio Pulse from Chris Katje

June 24, 2024 | 10:06 pm

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

SOLUSD

Cryptocurrency markets experienced a significant downturn, with Bitcoin falling below $60,000. Ethereum, Dogecoin, and other major cryptocurrencies also saw declines. Despite the drop, some analysts suggest this could be a buying opportunity, citing historical bullish trends in July.

Portfolio Pulse from Khyathi Dalal

June 24, 2024 | 9:49 pm

AMAT

AVGO

INTC

MA

MCD

META

NFLX

PM

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V

Goldman Sachs warns that the upcoming U.S. presidential election could significantly impact U.S. stocks, particularly those with international exposure. A Trump victory may lead to a stronger U.S. dollar and potential tariffs, which could negatively affect internationally-exposed stocks. Historical trends show domestically-focused stocks outperforming immediately after Trump's election but underperforming in the long term.

Portfolio Pulse from Piero Cingari

June 24, 2024 | 9:15 pm

NVDA

RXRX

Recursion Pharmaceuticals (NASDAQ: RXRX) shares surged on Monday following updated guidance and partnership updates at its Investor Day. The stock continued to rise after hours due to CEO Christopher Gibson's appearance on CNBC, where he discussed the company's advancements in AI-driven drug discovery, including a collaboration with NVIDIA (NASDAQ: NVDA).

Portfolio Pulse from Adam Eckert

June 24, 2024 | 9:12 pm

RIVN

Rivian Automotive plans to host an Investor Day on June 27, providing updates on the company's progress and key priorities. The company has also simplified its output and cut costs.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:51 pm

AAPL

NVDA

Wedbush analyst Dan Ives believes Apple is on the brink of an AI supercycle, potentially making Tim Cook the 'Godfather of AI' alongside Nvidia's Jensen Huang. Ives predicts Apple's stock could reach $300 due to its AI advancements and strong installed base.

Portfolio Pulse from Adam Eckert

June 24, 2024 | 8:50 pm

AAPL

MSTR

Michael Saylor's 2012 prediction about Apple stock has gone viral. Saylor, co-founder of MicroStrategy, has been bullish on both Bitcoin and Apple. His prediction that Apple would reach $2,000 a share has proven accurate on a split-adjusted basis. MicroStrategy's investment in Bitcoin has also paid off significantly.

Portfolio Pulse from Chris Katje

June 24, 2024 | 8:40 pm

ARWR

Arrowhead Pharmaceuticals (ARWR) shares rose by 6% to $27.54 after presenting promising preclinical data on ARO-INHBE at the American Diabetes Association 84th Scientific Sessions. The data showed significant gene silencing and potential benefits in weight and fat mass reduction. Arrowhead plans to seek regulatory clearance for clinical trials in late 2024.

Portfolio Pulse from Henry Khederian

June 24, 2024 | 8:24 pm

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) shares rose after the company announced a 35% reduction in material costs by simplifying its production process. The company removed over 100 steps from battery-making, 52 pieces of equipment from the body shop, and over 500 parts from its EV designs. These changes are expected to improve manufacturing efficiency and help Rivian achieve profitability.

Portfolio Pulse from Erica Kollmann

June 24, 2024 | 8:23 pm