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The article discusses the potential for lower interest rates by the Federal Reserve amid economic challenges, highlighting the performance of financial institutions and leveraged ETFs. JPMorgan Chase, Goldman Sachs, Visa, and Mastercard have shown resilience, while Progressive Corp indicates a flight to safety. Direxion's leveraged ETFs, FAS and FAZ, offer speculative opportunities in this uncertain market environment.

Portfolio Pulse from Joshenomoto@benzinga.com

August 21, 2024 | 11:58 am

BPTH

Bio-Path Holdings shares rise following positive updates from their clinical trials. The company reported progress in its Phase 1/1b trial of BP1001-A for solid tumors and its Phase 2 study of prexigebersen in Acute Myeloid Leukemia.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 11:55 am

ARWR

Arrowhead Pharmaceuticals is set to present new Phase 3 clinical data from the Palisade study of Plozasiran at the European Society of Cardiology Congress 2024.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 11:41 am

BA

LLY

PANW

U.S. stock markets closed lower, breaking an eight-day winning streak, with energy stocks declining and consumer staples gaining. Eli Lilly's shares rose due to positive drug results, while Palo Alto Networks saw a significant jump on strong forecasts. Boeing fell after an FAA directive. Asian markets were mixed, and European markets advanced. Commodities showed varied movements, with gold near all-time highs.

Portfolio Pulse from Akanksha Bakshi

August 21, 2024 | 11:37 am

CAH

Cardinal Health has announced plans to open a new distribution center in Walton Hills, Ohio, to support its U.S. Medical Products and Distribution business.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 11:31 am

ARKB

ETHA

ETHE

ETHW

GBTC

IBIT

Bitcoin and Ethereum ETFs show mixed flows with Bitcoin ETFs seeing significant inflows, while Ethereum ETFs experience outflows. Despite this, both cryptocurrencies are down. Tron stands out with a 12.5% gain due to developments in its ecosystem. Solana's ETF prospects in the US remain uncertain.

Portfolio Pulse from Murtuza Merchant

August 21, 2024 | 11:27 am

NITO

SRL

TANH

The article highlights three oversold stocks in the materials sector with potential for short-term gains: Tantech Holdings Ltd (TANH), N2OFF Inc (NITO), and Scully Royalty Ltd (SRL). These stocks have low RSI values, indicating they may be undervalued.

Portfolio Pulse from Avi Kapoor

August 21, 2024 | 11:26 am

RDHL

Redhill Biopharma has launched Talicia in the UAE, marking its availability for treating H. pylori infections. This launch could lead to milestone payments and royalties for Redhill.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 11:25 am

AZ

A2Z Cust2Mate Solutions has launched its new generation Cust2Mate 3.0 smart shopping carts at a MONOP PORTE MAILLOT store in Paris, France. This marks the first deployment of the new technology.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 11:22 am

LILM

Lilium (NASDAQ:LILM) has completed the first phase of integration testing for the Lilium Jet's electrical power system, marking a significant step towards flight conditions approval and type-certification.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 11:10 am