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PEN

Penumbra shares rose following the completion of enrollment in its THUNDER clinical study for acute ischemic stroke. Truist Securities maintained a Buy rating and increased the price target from $200 to $235.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 3:29 pm

DWAC

Trump Media & Technology Group shares rose following the launch of its new streaming service, Truth+ TV.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 3:28 pm

OGI

VFF

Germany is emerging as a leader in the European cannabis market, with significant growth potential due to recent decriminalization. Companies like Village Farms International and Organigram Holdings are focusing on this market, leveraging EU GMP certification for international expansion. Canada faces profitability challenges due to high taxes, while Australia shows promise in non-combustible cannabis products.

Portfolio Pulse from Nicolás Jose Rodriguez

October 14, 2024 | 3:26 pm

IDGT

META

MRVL

SPRX

Marvell Technology's stock is rising due to its collaboration with Meta Platforms on a custom 5nm network interface controller ASIC. This development enhances performance and efficiency for Meta's infrastructure needs. Marvell will also contribute to the Open Compute Project community.

Portfolio Pulse from Lekha Gupta

October 14, 2024 | 3:10 pm

SOFI

SoFi Technologies Inc (NASDAQ:SOFI) has seen a 9% stock surge following a $2 billion loan agreement with Fortress Investment Group, aimed at expanding its loan platform. The company has also introduced new credit cards and is benefiting from positive economic indicators and a recent Federal Reserve rate cut. With a Golden Cross and strong technical indicators, SoFi is positioned for potential further gains ahead of its upcoming earnings report.

Portfolio Pulse from Surbhi Jain

October 14, 2024 | 3:08 pm

MOS

Mosaic Company (NYSE:MOS) expects its Florida fertilizer facilities to return to full production capacity soon after Hurricane Milton. The company reports limited damage and no significant environmental impacts. Mosaic has contributed $500,000 to aid recovery efforts in Florida.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 3:00 pm

TSLA

Tesla and Elon Musk are accused of drawing design inspiration from the 2004 film 'I, Robot' for their Cybercab, Robovan, and Optimus bot. The allegations come from the film's director and others who noticed similarities. Tesla's stock is slightly up despite the controversy.

Portfolio Pulse from Chris Katje

October 14, 2024 | 2:57 pm

JNJ

LLY

Eli Lilly's Phase 3 study shows its drug mirikizumab outperforms Johnson & Johnson's Stelara in treating Crohn's disease, with better histologic response at one year. The safety profile of mirikizumab is consistent with previous findings, and it is already approved for ulcerative colitis.

Portfolio Pulse from Vandana Singh

October 14, 2024 | 2:49 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, highlighting key price levels and potential market movements. Traders are advised to monitor these stocks for breakouts or reversals, with a focus on market volume and price action due to the Columbus Day holiday. Commentary from Fed officials may cause volatility.

Portfolio Pulse from RIPS

October 14, 2024 | 2:44 pm

BTCUSD

Bitcoin has surged past $65,000, driven by bullish market indicators and macroeconomic factors. The cryptocurrency is experiencing a short-term bullish trend, with potential further gains anticipated.

Portfolio Pulse from Khyathi Dalal

October 14, 2024 | 2:43 pm