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AMD

AMZN

IWM

NVDA

Small caps, represented by iShares Russell 2000 ETF (IWM), are signaling recession worries as they have accelerated to the downside. Large caps, however, are being held up by the AI frenzy. Amazon (AMZN) is investing $4B in AI startup Anthropic, following Microsoft's (MSFT) play with OpenAI. This is negatively impacting NVIDIA (NVDA) and AMD (AMD) in early trade. Money flows are positive in Amazon and Apple (AAPL), but negative in Nvidia, Microsoft, Alphabet (GOOG), Meta Platforms (META), and Tesla (TSLA). Money flows are mixed in SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ).

Portfolio Pulse from The Arora Report

September 25, 2023 | 3:24 pm

AAPL

QCOM

Apple's stock is currently in a rough patch, with September typically being a challenging month for the company. However, pre-orders for the iPhone 15 are up 10 to 12 percent from the iPhone 14, which is positive news for suppliers like Qualcomm and Broadcom. Apple faces competition from Huawei, whose new smartphones reportedly have faster download speeds. The future of Apple's stock depends on whether it can maintain its current level or if it will fall further.

Portfolio Pulse from Thrash Capital

September 25, 2023 | 3:24 pm

ALVO

Alvotech's shares are trading higher following the announcement of the approval of AVT04 in Japan.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:23 pm

Michigan-based recreational dispensary Ultra Cannabis is offering a 25% discount to members and suppliers of the United Auto Workers (UAW) union who are currently on strike against major automakers including Ford Motor Co. (NYSE:F) and General Motors (NYSE:GM). The strike, which began on September 15, 2023, is demanding equitable contracts and improved working conditions.

Portfolio Pulse from Nina Zdinjak

September 25, 2023 | 3:14 pm

MRK

Research has found that the Covid antiviral drug developed by Merck & Co (MRK) may be linked to 'transmissible' mutations. The implications of this finding are yet to be fully understood.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 3:10 pm

HUN

Huntsman Corporation has launched its Technology Portal, a platform designed to foster external collaborations and engage with innovators and manufacturers across the value chain. The portal offers two distinct cooperation routes for innovation-driven solutions and manufacturing solutions. It also provides a contact hub for chemical manufacturers to explore tailored scale-up, industrialization, custom manufacturing, and other manufacturing solutions.

Portfolio Pulse from Shivani Kumaresan

September 25, 2023 | 2:58 pm

AAPL

AMZN

BIIB

DLAKY

GOOG

NVS

PFE

RNAZ

TSN

WMT

Several significant business events have occurred. Ford of Canada has reached a collective agreement with Unifor union, including wage increases and pension improvements. Amazon has invested $4 billion in AI startup Anthropic. PhonePe, backed by Walmart, has launched the Indus AppStore Developer Platform to challenge Google's dominance in India. Goodyear plans to redefine its operational presence in the Asia Pacific region. Pfizer's RSVpreF vaccine has been recommended by the CDC for pregnant people. Mercedes Benz has partnered with Mastercard to introduce in-car digital payments. Novartis plans to spin-off the Sandoz business. Eisai and Biogen's Alzheimer treatment Leqembi has been approved in Japan. Alcoa has appointed William F. Oplinger as President and CEO. TransCode Therapeutics' stock is trading higher after positive results with its therapeutic candidate, TTX-MC138. Tyson Foods and Perdue Farms are under investigation over alleged child labor violations. OpenAI has unveiled a new feature for its ChatGPT application, enabling verbal responses. Apple's iOS 17 update allows users to opt for a search engine other than Google. Austrian Airlines faced backlash for making inaccurate environmental claims.

Portfolio Pulse from Vandana Singh

September 25, 2023 | 2:58 pm

Dominion Energy's Coastal Virginia Offshore Wind (CVOW) commercial project has reached a major regulatory milestone with the completion of its environmental analysis by the Bureau of Ocean Energy Management. The project remains on budget and on schedule, with offshore construction expected to begin in early 2024 and conclude in late 2026. The project is expected to generate enough carbon-free electricity for 660,000 Virginia homes and save customers more than $3 billion in fuel costs during its first 10 years of operation.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 2:52 pm

CDNS

TSM

Cadence Design Systems (NASDAQ:CDNS) has expanded its node-to-node design migration flow based on the Cadence Virtuoso Studio, compatible with all TSMC advanced nodes. The generative design migration flow, developed by Cadence and TSMC, provides customers with a simplified and automated approach to migrating custom and analog IC designs among TSMC's advanced process technologies. Customers have reportedly reduced migration time by up to 3X compared to manual migration.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 2:51 pm

BIIB

ESALF

ESALY

Japan's regulatory authority has approved Leqembi, an Alzheimer's treatment developed by Eisai Co Ltd and Biogen Inc. The approval is based on Phase 3 data from the global Clarity AD clinical trial, which showed statistically significant results and confirmed the clinical benefit of Leqembi. Eisai will conduct a post-marketing survey in all patients administered Leqembi.

Portfolio Pulse from Vandana Singh

September 25, 2023 | 2:41 pm