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FMCC

Mortgage rates have fallen for the third consecutive week due to signs of cooling inflation and lower interest rates from the Federal Reserve, according to Freddie Mac. The 30-year fixed mortgage rate averaged 6.87%, down from 6.95% last week, while the 15-year fixed mortgage rate averaged 6.13%, down from 6.03% last week.

Portfolio Pulse from Michael Juliano

June 20, 2024 | 8:12 pm

AAPL

AMZN

GOOG

GOOGL

MDB

META

MSFT

NFLX

NVDA

PLTR

Nvidia has surged past Apple and Microsoft to become the most valuable company in the world, with an analyst predicting it will be the first to reach a $4 trillion market cap. The AI Revolution, led by Nvidia's GPU chips, is seen as a major driver. Other key players include Apple, Microsoft, Amazon, Alphabet, MongoDB, Meta Platforms, Netflix, and Palantir.

Portfolio Pulse from Chris Katje

June 20, 2024 | 8:11 pm

DDOG

Datadog has launched a new Data Jobs Monitoring feature aimed at assisting data platform teams and data engineers in monitoring and managing their data jobs more effectively.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 8:06 pm

GILD

MU

SPY

Housing starts came in below estimates, Gilead Sciences saw a rise following positive HIV data, and Micron Technology fell amid concerns of delays in its Syracuse fab.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 7:58 pm

AAPL

AMZN

CMCSA

DIS

NFLX

PARA

WBD

Streaming companies like Netflix, Amazon, Apple, and Disney are focusing on profitable growth and reducing churn by introducing ad-supported tiers and bundles. Netflix leads in subscriber growth, while bundles are proving effective in retaining customers.

Portfolio Pulse from Natan Ponieman

June 20, 2024 | 7:53 pm

SPY

A Bank of America study reveals that wealthy young Americans are shifting their investments from traditional U.S. stocks to real estate, crypto, and alternative assets like watches and rare automobiles. This generational shift could impact the market dynamics significantly.

Portfolio Pulse from Chris Katje

June 20, 2024 | 7:31 pm

FCX

Freeport-McMoRan shares are trading higher due to an increase in copper prices.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 7:31 pm

ALUR

Allurion Technologies, Inc. (NYSE:ALUR) shares surged 162.3% after the company announced a study showing significant weight loss and lean mass gain in patients using its Allurion Program. The study involved 571 patients and highlighted the benefits of real-time monitoring and personalized recommendations through Allurion's AI-powered platform.

Portfolio Pulse from Vaishali Prayag

June 20, 2024 | 7:25 pm

META

Meta Platforms Inc. (NASDAQ:META) shares are in focus due to a price target upgrade from KeyBanc and reports suggesting a potential U.S. ban on TikTok. KeyBanc raised its price target for Meta from $475 to $540, while other analysts also adjusted their targets. A TikTok ban could benefit Meta's competing products like Instagram Reels and Facebook.

Portfolio Pulse from Vaishali Prayag

June 20, 2024 | 7:14 pm

PLTR

Shares of Palantir Technologies Inc. (NYSE:PLTR) are trading lower after announcing a new contract with Starlab Space. The stock appears overbought and is approaching a resistance level, suggesting a potential price reversal.

Portfolio Pulse from Mark Putrino

June 20, 2024 | 7:09 pm