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FXY

The USD/JPY exchange rate experienced significant volatility this week, driven by economic events and central bank actions. Analysts are debating the future of the dollar-yen carry trade, with some suggesting further yen strength and others seeing stabilization. The Invesco CurrencyShares Japanese Yen Trust (NYSE: FXY) remained largely unchanged despite the turbulence.

Portfolio Pulse from Piero Cingari

August 09, 2024 | 7:40 pm

GD

LMT

NOC

RTX

The U.S. has released $3.5 billion to Israel for the purchase of American weapons and military equipment. This move is expected to benefit U.S. defense contractors.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:33 pm

INTC

Intel has delayed its Innovation 2024 event due to financial challenges, causing a decline in its stock volume. This has raised public curiosity about the company's 18A process technology.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:26 pm

RNA

Avidity Biosciences shares are trading higher following the announcement of positive data for their AOC 1044 5 mg/kg treatment.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:23 pm

CGEM

MRK

Merck & Co Inc (NYSE:MRK) has agreed to acquire CN201, a bispecific antibody for B-cell-associated diseases, from Curon Biopharmaceutical for $1.3 billion. The deal is relevant to Cullinan Therapeutics Inc. (NASDAQ:CGEM) and its investigational drug CLN-978. Analysts see potential for CN201 in treating autoimmune diseases and highlight Cullinan's appealing valuation.

Portfolio Pulse from Vandana Singh

August 09, 2024 | 7:18 pm

DOGEUSD

PEPEUSD

SHIBUSD

Floki has announced a partnership with Sunderland AFC for the 2024/25 season, aiming to boost the meme coin's real-world adoption. The partnership will showcase Floki's Valhalla game to a large audience, potentially driving a bull run for the coin. Despite recent price volatility, 71% of Floki holders are currently making a profit.

Portfolio Pulse from Khyathi Dalal

August 09, 2024 | 7:06 pm

BTCUSD

Prominent cryptocurrency analyst Benjamin Cowen predicts an impending 'death cross' for Bitcoin, which he believes could lead to a short-term rally rather than a decline. He advises investors to watch the 50-day SMA around $62,000 as a key level for Bitcoin's next moves. Historical patterns and broader economic factors are crucial for long-term trends.

Portfolio Pulse from Khyathi Dalal

August 09, 2024 | 6:41 pm

NFLX

Netflix Inc (NASDAQ:NFLX) is dealing with a significant security breach that led to the leak of episodes from several upcoming shows. The breach, which also affected Crunchyroll, has caused concern among fans and the streaming community. Netflix is working to remove the leaked content and address the situation.

Portfolio Pulse from Franca Quarneti

August 09, 2024 | 6:34 pm

EA

TTWO

Take-Two Interactive Software, Inc (NASDAQ:TTWO) stock is trading higher following mixed fiscal Q1 2025 results. Analysts from Goldman Sachs, Wedbush, Stifel, and Benchmark have maintained positive ratings and increased price targets, driven by optimism around the company's game pipeline, including GTA VI, and growth in mobile gaming. TTWO shares rose by 2.86% to $142.75.

Portfolio Pulse from Anusuya Lahiri

August 09, 2024 | 6:32 pm

IBM

Financial giants have made significant bullish moves on IBM options, with 18 unusual trades detected. The majority of these trades are puts, with a focus on a price band between $195.0 and $240.0. Analysts have mixed ratings on IBM, with a consensus target price of $206.5.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 6:31 pm