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SPY

Mark Spitznagel, co-founder of Universa Investments, warns of a potential market downturn despite recent highs, predicting a 'black swan event' and stagflation. He suggests hedging against market volatility using put options on broad-exposure ETFs like SPDR S&P 500 ETF Trust (SPY).

Portfolio Pulse from Aaron Bry

October 01, 2024 | 10:34 pm

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Florida's cannabis market faces challenges despite significant investments in adult-use legalization. Companies like Trulieve and Curaleaf are heavily investing, but dispensary sales have slipped due to increased competition and external factors. The market's future hinges on legislative changes and potential growth if adult-use legalization passes.

Portfolio Pulse from Nicolás Jose Rodriguez

October 01, 2024 | 10:18 pm

FUTU

Futu Holdings Ltd. (NASDAQ:FUTU) shares rose after-hours as China announced additional stimulus measures, including lower mortgage rates and a swap facility to stabilize the stock market. Futu, which operates trading platforms, may benefit from increased market capital. Shares have gained over 40% in the past five days.

Portfolio Pulse from Erica Kollmann

October 01, 2024 | 9:36 pm

VCIG

VCI Global has secured a $30 million investment commitment from Alumni Capital, following a previous $5 million investment. This funding will support VCI Global's AI cloud computing business, with developments planned for Q2 2025. The company has the flexibility to draw on the funds as needed.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 9:10 pm

STEM

Stem has unveiled a refined go-to-market strategy and leadership structure, focusing on software and services, and expanding its energy consulting offerings. The company will discuss its Q3 2024 earnings and new strategy on October 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 9:09 pm

CAE

CAE has secured a 25-year subcontract worth $1.7 billion from SkyAlyne to provide pilot training for the Royal Canadian Air Force. This contract will enhance CAE's operations at 15 Wing Moose Jaw and may lead to further orders for sustainment services.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 9:02 pm

DIA

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SPY

USO

The market reacted to Iran's missile attack on Israel, Hurricane Helene, and port strikes, causing fluctuations in stock prices. The United States Oil Fund (USO) and SPDR Gold Trust (GLD) saw price increases, while major indexes like SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), and Invesco QQQ Trust (QQQ) experienced declines. Technology stocks were hit hardest, while defense and oil stocks rose.

Portfolio Pulse from Chris Katje

October 01, 2024 | 8:53 pm

BTC-USD

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The article explains the concept of tokenomics, which is the study of how digital tokens are used, distributed, and designed within blockchain ecosystems. It highlights the importance of tokenomics in the web3 economy, emphasizing the need for effective token design to ensure project viability and growth. Key elements include supply and demand, token distribution, incentives, and utility.

Portfolio Pulse from Vajresh Balaji

October 01, 2024 | 8:43 pm

Leaked images of EA's Project Rene, a new entry in The Sims series, have sparked controversy among fans. The images reveal significant changes, including a mobile-friendly design and potential microtransactions, leading to frustration as EA has no plans for The Sims 5.

Portfolio Pulse from Franca Quarneti

October 01, 2024 | 8:33 pm

AVAV

AeroVironment (AV) has successfully flight-tested an upgraded version of its solar-powered aircraft, Sunglider™, now called Horus™ A. This new model enhances High-Altitude Platform-Station (HAPS) capabilities, targeting commercial and government markets with improved payload and power capacity.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 8:32 pm