Streetbeat News

Products Services

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TBT

TLT

TSLA

The article discusses the impact of a weak Treasury auction and jobless claims on the stock market. It highlights the importance of monitoring the S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ), as well as the Magnificent Seven stocks (AAPL, AMZN, GOOG, META, MSFT, NVDA, TSLA). The Bank of Japan's hawkish stance and the weak Treasury auction have led to market volatility. Investors are advised to consider protection bands and focus on high-quality bonds.

Portfolio Pulse from The Arora Report

August 08, 2024 | 4:25 pm

SNY

Sanofi SA (NASDAQ:SNY) reported positive results from the GMMG-HD7 phase 3 study of Sarclisa in combination with other drugs for treating multiple myeloma. The study showed significant improvement in progression-free survival. The FDA has accepted a supplemental Biologics License Application for Sarclisa, with a decision expected by September 27, 2024.

Portfolio Pulse from Vandana Singh

August 08, 2024 | 4:23 pm

AAPL

VGK

Apple has announced changes to its App Store terms, allowing developers to offer products outside of its ecosystem. This move comes in response to an EU announcement. The changes could impact Apple's revenue from its App Store and may influence the broader tech market.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 4:17 pm

OGI

Organigram Holdings Inc. (NASDAQ:OGI) announced promising preliminary results from a clinical study on their new nanoemulsion technology, branded FAST. The study showed faster onset of effects and improved bioavailability for cannabis edibles. Organigram plans to commercialize FAST in fall 2024, starting with gummies.

Portfolio Pulse from Rolando García

August 08, 2024 | 4:10 pm

LNG

LNGG

LNGZ

Cheniere Energy (NYSE:LNG) reported mixed Q2 FY24 results with a 21% Y/Y revenue decline to $3.251 billion, missing consensus estimates. Adjusted EBITDA fell 29% Y/Y to $1.32 billion due to lower gas prices and higher long-term contract sales. Despite this, EPS of $3.84 exceeded expectations. The company raised its FY24 adjusted EBITDA and Distributable Cash Flow outlooks and announced a 15% increase in its quarterly dividend starting Q3 2024. Cheniere also signed a long-term LNG sale agreement with Galp Trading. Investors can gain exposure via LNG, LNGG, and LNGZ ETFs.

Portfolio Pulse from Lekha Gupta

August 08, 2024 | 4:08 pm

MGRM

Monogram Technologies shares are trading higher after the company announced that it has submitted a premarket filing to the FDA for its mBôs TKA System.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 3:51 pm

MRK

RHHBY

Merck & Co Inc (NYSE:MRK) has discontinued its Phase 3 KeyVibe-008 trial for a Keytruda combination due to ineffective results and higher adverse events. The trial compared the combination to Roche's Tecentriq for treating extensive-stage small cell lung cancer. Merck is notifying investigators and offering alternative treatments. The stock is up 0.82% following the announcement.

Portfolio Pulse from Vandana Singh

August 08, 2024 | 3:51 pm

GOVX

INO

MRNA

SIGA

Africa CDC is planning to declare the regional Mpox outbreak an emergency, which could have significant implications for companies involved in vaccine and treatment development.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 3:45 pm

ALL

DUK

GNRC

LOW

PGR

TRV

Tropical Storm Debby is moving up the East Coast, threatening major cities with catastrophic flooding. Insurance companies like Allstate, Travelers, and Progressive may see increased claims, while Generac could see higher demand for generators. Dominion Energy and Duke Energy are likely to be impacted by power outages, and Home Depot and Lowe's may experience increased sales for repair materials.

Portfolio Pulse from Hayden Buckfire

August 08, 2024 | 3:44 pm

DWAC

Trump Media & Technology Group announced on Truth Social that they are welcoming the popular podcast 'Shawn Ryan Show' to their platform. This move is expected to increase user engagement and visibility for Truth Social.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 3:37 pm