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Boeing's Senior Vice President of Quality, Elizabeth Lund, is set to testify at an NTSB hearing regarding an emergency involving the Max 9 aircraft.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:03 pm

BTCUSD

ETHUSD

Tron founder Justin Sun refuted rumors of his positions being liquidated amid a significant drop in cryptocurrency prices. Bitcoin and Ethereum experienced notable declines, contributing to a 19% drop in the overall cryptocurrency market value. Sun emphasized that Tron rarely engages in leveraged trading, focusing instead on sustainable practices.

Portfolio Pulse from Murtuza Merchant

August 05, 2024 | 2:58 pm

ASTS

AST SpaceMobile (NASDAQ:ASTS) shares are rising after the company received FCC approval to launch its first five commercial BlueBird satellites. This regulatory milestone allows AST SpaceMobile to use V, S, and UHF frequencies for satellite operations, aiming for nationwide coverage in the U.S. The company has completed manufacturing and testing the satellites, with a launch planned for September.

Portfolio Pulse from Dylan Berman

August 05, 2024 | 2:52 pm

TMC

The International Seabed Authority (ISA) has elected Leticia Carvalho as its new secretary-general, signaling a potential shift towards more environmentally friendly regulations for deep sea mining. This could impact companies like The Metals Company (NASDAQ:TMC) that are seeking licenses for mining operations.

Portfolio Pulse from Stjepan Kalinic

August 05, 2024 | 2:49 pm

LLY

NVO

NAD+ boosters are the latest anti-aging trend in Hollywood, with celebrities and wellness influencers adopting them. Despite their popularity, the FDA has prohibited many of these supplements while they are still undergoing clinical trials. The shift towards NAD+ boosters follows a surge in the global market for weight-loss drugs, driven by companies like Novo Nordisk and Eli Lilly. However, the high demand for GLP-1 medications is causing supply issues for type 2 diabetic patients.

Portfolio Pulse from Benzinga Neuro

August 05, 2024 | 2:43 pm

LCID

Lucid Group Inc. (NASDAQ:LCID) is set to announce its Q2 earnings, with Wall Street expecting a negative 26 cents in EPS and $182.52 million in revenue. Despite a 53% drop in stock price over the past year, recent developments like the rollout of the Gravity SUV have sparked some optimism. However, technical indicators remain bearish, with the stock below key moving averages and a declining RSI. The earnings report could be pivotal, potentially reversing the bearish trend if results exceed expectations.

Portfolio Pulse from Surbhi Jain

August 05, 2024 | 2:42 pm

EIPX

HJEN

BP and ADNOC are exploring potential investments in Cyprus's emerging natural gas sector, following major gas discoveries in the Eastern Mediterranean. BP shares are trading lower, down 3.51% at $32.88. Investors can gain exposure to BP via Direxion Hydrogen ETF (HJEN) and First Trust Energy Income Partners Strategy ETF (EIPX).

Portfolio Pulse from Lekha Gupta

August 05, 2024 | 2:20 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for August 5th, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key support and resistance levels for each stock, offering potential bullish and bearish targets. Additionally, it highlights the importance of upcoming economic data releases and Fed commentary, which could significantly impact market sentiment. Traders are advised to stay vigilant and manage risks carefully due to expected market volatility.

Portfolio Pulse from RIPS

August 05, 2024 | 2:13 pm

SCHW

Charles Schwab has reported a technical issue that is preventing some clients from logging into their platforms. The company is working to resolve the issue quickly, but hold times may be longer than usual.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 2:08 pm

FOX

PARA

FOX Weather, FOX News Media's free ad-supported streaming television platform, has expanded its distribution to include Pluto TV effective August 1st.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 1:48 pm