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Chinese scientists have developed a new jet engine technology inspired by shark skin, potentially shifting the balance of aerospace technology power. This innovation could impact major tech companies and aerospace players like Broadcom, AMD, and Boeing.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 2:40 pm

AAPL

AMD

AMZN

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GLD

GOOG

META

MSFT

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USO

The article discusses a relief rally in the stock market driven by the latest PCE data, which came in line with expectations. It highlights the impact on various assets, including SPDR S&P 500 ETF Trust (SPY), NVIDIA Corp (NVDA), Advanced Micro Devices, Inc. (AMD), Dell Technologies Inc (DELL), and others. The article also mentions the positive money flows in major tech stocks and ETFs, as well as the impact on gold, oil, and Bitcoin.

Portfolio Pulse from The Arora Report

May 31, 2024 | 2:33 pm

EADSY

Airbus SE is facing supply chain challenges that could delay jet deliveries, potentially impacting its 2024 delivery targets. Boeing Co is also experiencing similar issues. Airbus shares are down 1.24%, while Boeing shares are up 0.63%.

Portfolio Pulse from Akanksha Bakshi

May 31, 2024 | 2:31 pm

AMD

DARP

INTC

MSFT

NVDA

SFY

TSM

Nvidia Corp (NASDAQ:NVDA) stock is experiencing volatility as it leads the AI race with advanced chips. CEO Jensen Huang will speak at Taiwan’s Computex event, where global chip company CEOs, including those from AMD, Intel, and TSM, will discuss AI prospects. The U.S. has issued a temporary embargo on exporting AI chips to the Middle East, affecting companies like Nvidia and AMD. Analysts see Nvidia as a key AI beneficiary, and its stock has gained over 192% in the last 12 months. Investors can gain exposure via Grizzle Growth ETF (NYSE:DARP) and SoFi Select 500 ETF (NYSE:SFY).

Portfolio Pulse from Anusuya Lahiri

May 31, 2024 | 2:29 pm

ADAP

Adaptimmune Therapeutics (ADAP) shares surged by 15.8% to $1.17 after announcing a clinical collaboration with Galapagos to license uza-cel for head & neck cancer treatment. Uza-cel has shown an 80% response rate in Phase 1 trials, and the collaboration aims to enhance its efficacy and delivery speed.

Portfolio Pulse from Henry Khederian

May 31, 2024 | 2:28 pm

BTCUSD

Pseudonymous crypto trader Capo of Crypto has identified a pattern where celebrity endorsements of cryptocurrencies often precede a final price surge before a market correction. Historical data from 2017 and 2021 supports this observation. This insight could serve as a short-term trading strategy for investors.

Portfolio Pulse from Ivan Crnogatić

May 31, 2024 | 2:27 pm

BIIB

IONS

The European Commission has granted marketing authorization for Biogen's Qalsody (tofersen) for treating amyotrophic lateral sclerosis (ALS) associated with a mutation in the SOD1 gene. This is the first treatment in the EU targeting a genetic cause of ALS. Despite the Phase 3 VALOR study showing numerical but not statistically significant efficacy, Qalsody has shown a significant reduction in neurofilament light chain levels. Biogen licensed Qalsody from Ionis Pharmaceuticals.

Portfolio Pulse from Vandana Singh

May 31, 2024 | 2:25 pm

MRK

SMMT

Summit Therapeutics' (NASDAQ:SMMT) lung cancer therapy ivonescimab shows improved progression-free survival compared to Merck's (NYSE:MRK) Keytruda in a Phase 3 study conducted in China. Despite this positive news, SMMT shares are trading lower after a significant rise the previous day.

Portfolio Pulse from Vandana Singh

May 31, 2024 | 2:21 pm

NFLX

Netflix's stock rose by 2% on Wednesday due to positive forecasts from industry analysts predicting a 30% rise. The company is expected to gain over 30 million new subscribers and achieve double-digit revenue growth, driven by its expanding advertising ventures and strategic moves into gaming, live event streaming, and sports broadcasting. Analysts have raised their price targets for Netflix, reflecting its strong market position and financial health.

Portfolio Pulse from Zaheer Anwari

May 31, 2024 | 2:19 pm

BNBUSD

COIN

UNIUSD

Scott Johnsson of Van Buren Capital criticizes the Biden administration's regulatory actions on the cryptocurrency industry, including SEC enforcement against Coinbase, Binance, and Kraken, and the Federal Reserve's denial of Custodia's application. He argues these actions stifle industry growth and innovation.

Portfolio Pulse from Murtuza Merchant

May 31, 2024 | 2:13 pm