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AAPL

CRWD

MSFT

Apple's new macOS Sequoia update has disrupted several cybersecurity tools from companies like CrowdStrike, SentinelOne, and Microsoft. The update has caused frustration among developers and users, as it breaks the functionality of these security tools. Companies are working on fixes, but the issue highlights potential shortcomings in Apple's software testing processes.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:35 pm

AAPL

Apple has introduced the ability for California residents to add their driver's licenses and state IDs to Apple Wallet as part of a pilot program with the California DMV. This feature allows for a secure and private way to present IDs using iPhone and Apple Watch.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:33 pm

NIO

Nio's new lower-priced brand, Onvo, has announced its first car, the L60 SUV, with a starting price of 149,900 Chinese Yuan ($21,210) when opting for battery services. This move is seen as a strategic effort to capture a larger market share in the electric vehicle sector.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:26 pm

DIS

PENN

WYNN

PENN Entertainment is seeking approval from the New York State Gaming Commission to acquire Wynn Bet's NY sports betting rights. If approved, this would allow ESPN BET to enter the New York market.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:22 pm

NVDA

TMUS

T-Mobile US Inc (NASDAQ:TMUS) announced a three-year AI-focused plan, which has led to positive analyst reactions and increased price targets. The plan includes growth in wireless subscriber loading, service revenue, and free cash flow, with a focus on customer experience. Analysts expect sizable capital returns to shareholders and have raised price targets, reflecting confidence in T-Mobile's growth trajectory.

Portfolio Pulse from Priya Nigam

September 19, 2024 | 5:20 pm

CLSK

CleanSpark, Inc. (NASDAQ:CLSK) shares are trading higher due to a broad market rally following the Federal Reserve's first interest rate cut in four years. This has increased the attractiveness of risk assets like stocks and cryptocurrencies, including Bitcoin, which is trading above $63,000. CleanSpark's revenue growth in FY23 was 20.22%, and its stock has outperformed its peers despite a negative average annual growth rate.

Portfolio Pulse from Erica Kollmann

September 19, 2024 | 5:14 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP) has announced a security robot contract renewal in Texas and a robot upgrade for a California hospital, highlighting its continued growth in robotics and AI technologies for public safety.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:05 pm

DRI

FDS

NVDA

QQQ

SOXX

SPY

TSLA

USO

Wall Street saw record highs as the Federal Reserve cut interest rates by 50 basis points. Tesla and NVIDIA led a tech rally, with Tesla hitting a two-month high. The iShares Semiconductor ETF erased September losses, and commodities and cryptocurrencies also rose.

Portfolio Pulse from Piero Cingari

September 19, 2024 | 4:51 pm

HIMS

NVO

Hims & Hers Health, Inc. (NYSE:HIMS) has launched a Service Appreciation Initiative offering compounded GLP-1 weight loss medications for $99/month to certain professional personnel. This move could impact the market for weight loss drugs, including those by Novo Nordisk A/S (NYSE:NVO), which are priced significantly higher.

Portfolio Pulse from Vandana Singh

September 19, 2024 | 4:50 pm

IWM

The Federal Reserve's pro-growth stance, characterized by rate cuts, is expected to boost U.S. small-cap stocks, according to Sean Gallagher of Lazard. The iShares Russell 2000 ETF (IWM) saw a volatile reaction to a recent rate cut but is projected to have significant upside. Gallagher anticipates further rate cuts, which could benefit small caps and the biotech sector.

Portfolio Pulse from Piero Cingari

September 19, 2024 | 4:45 pm