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JPM

JPMorgan analysts highlight a trend where investors are turning to gold and Bitcoin as safe-haven assets amid geopolitical tensions and the upcoming U.S. election. This 'debasement trade' is driven by concerns over economic instability and currency devaluation.

Portfolio Pulse from Murtuza Merchant

October 03, 2024 | 5:02 pm

AMT

AMZN

DTCR

SRVR

American Tower's subsidiary CoreSite has launched AWS Direct Connect's 400G connections at key US data centers, enhancing AI and big data capabilities. Despite this, AMT shares are trading lower. Investors can access AMT through ETFs like SRVR and DTCR.

Portfolio Pulse from Lekha Gupta

October 03, 2024 | 4:54 pm

UBER

Uber Technologies has announced a strategic partnership with Enso to introduce range-extending and low-emission EV tires in the UK and USA. This move aligns with Uber's commitment to sustainability and could enhance its service efficiency.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 4:52 pm

CRLBF

Michigan's cannabis market is booming with record sales despite a significant drop in marijuana flower prices, driven by a surge in cultivation licenses. The market's competitive environment is further intensified by bulk sales and the state's unlimited-license policy. Established brands are managing to maintain stability, while new players face challenges. Cresco Labs (OTC:CRLBF) is among the companies navigating this landscape.

Portfolio Pulse from Juan Spínelli

October 03, 2024 | 4:48 pm

CCL

Carnival Corp (NYSE:CCL) shares are down 2.46% amid geopolitical tensions following Iran's missile attack on Israel, impacting global travel demand. Additionally, Hurricane Helene has affected Carnival's operations in Florida, potentially leading to cruise delays and increased costs. Rising oil prices due to Middle East instability could further pressure Carnival's profit margins.

Portfolio Pulse from Henry Khederian

October 03, 2024 | 4:43 pm

NVDA

NVIDIA Corp. (NASDAQ:NVDA) shares are climbing as CEO Jensen Huang confirmed the company's Blackwell chips are in full production and in high demand. Analysts predict strong fourth-quarter revenue due to intense demand, potentially driving Nvidia to a $10 trillion valuation. NVDA stock is trading above its 50-day moving average.

Portfolio Pulse from Erica Kollmann

October 03, 2024 | 4:41 pm

ABBV

UNH

Blue Shield of California has announced a significant price reduction for a biosimilar alternative to AbbVie's Humira, aiming to address high drug costs. This move is part of a broader initiative to provide more affordable healthcare options.

Portfolio Pulse from Vandana Singh

October 03, 2024 | 4:36 pm

SPY

The ongoing strike at East and Gulf Coast ports is causing significant supply chain disruptions. Shipping containers are being misrouted, surcharges are increasing, and inland transportation costs are rising. A major grocery chain CEO warns of potential shortages and price hikes on certain items.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 4:36 pm

PARA

PARAA

Paramount Global is collaborating with Saber Interactive and Avatar Studios to develop a new AAA action-RPG game set in the Avatar Legends universe. This game will feature a new Avatar and promises an immersive experience for fans.

Portfolio Pulse from Franca Quarneti

October 03, 2024 | 4:34 pm

TSLA

Tesla has recalled 27,185 Cybertruck vehicles due to a rearview camera delay, which violates safety standards. A free software update will address the issue. This follows previous recalls for other issues. Tesla's Q3 deliveries and production have increased, but shares are down 2.31%.

Portfolio Pulse from Nabaparna Bhattacharya

October 03, 2024 | 4:25 pm