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The Chinese stock market has experienced a significant rally, breaking a negative pattern with the CSI 300 index jumping 8.5%, the largest gain since 2008. This rally is driven by FOMO among foreign investors and a shift from Chinese Treasury bonds to stocks. Despite poor economic data, expectations are high for future growth due to government stimulus. The Arora Report has identified new buy zones for ETFs like ASHR, FXI, and ECON. Meanwhile, negative sentiment from Europe and poor guidance from automakers like Stellantis and Volkswagen are affecting US markets, with stocks like GM and Ford under pressure.

Portfolio Pulse from The Arora Report

September 30, 2024 | 3:27 pm

ARCT

CSLLY

PFE

Arcturus Therapeutics and CSL Limited's COVID-19 vaccine, ARCT-154, demonstrated superior immunogenicity compared to Pfizer's Comirnaty in a Phase 3 study, even at lower doses. The vaccine showed better antibody responses against various COVID-19 variants, including Omicron, over a year. ARCT-2301, another vaccine from the same platform, also outperformed Comirnaty in inducing neutralizing antibodies.

Portfolio Pulse from Vandana Singh

September 30, 2024 | 3:12 pm

GRI

GRI Bio shares are trading lower following the announcement of receiving a 'Decision to Grant' notice from the Japan Patent Office for a patent related to inflammatory conditions.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:05 pm

KZR

Kezar Life Sciences shares rose after the company announced a voluntary halt in patient enrollment and dosing in its Phase 2b PALIZADE clinical trial for further evaluation.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:04 pm

NFE

New Fortress Energy's initial FLNG asset offshore Altamira, Mexico, has successfully loaded its first full LNG cargo onto the Energos Princess, which is now en route to Europe.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:00 pm

DUO

Fangdd Network Group Ltd. (NASDAQ:DUO) shares surged 147% as U.S.-traded Chinese stocks rallied due to China's new stimulus measures, including lower mortgage rates. Fangdd, providing real estate information services, may benefit from these policies.

Portfolio Pulse from Erica Kollmann

September 30, 2024 | 2:58 pm

GM

General Motors' Cadillac has unveiled the Cadillac Sollei, a luxury electric roadster made with sustainable materials like mycelium. This innovative design marks a significant step towards eco-friendly vehicle production.

Portfolio Pulse from El Planteo

September 30, 2024 | 2:55 pm

FXI

Beijing has announced adjustments to its home purchase policies, which could impact the real estate market and related sectors. This move is part of China's broader efforts to stabilize the housing market.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:40 pm

SATS

EchoStar CEO Hamid Akhavan discussed the company's wireless business on CNBC. This could indicate a strategic focus or expansion in this area, potentially impacting EchoStar's market position and financial performance.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 2:40 pm