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AAPL

JPMorgan analyst Samik Chatterjee maintains an Overweight rating on Apple with a $265 price target, despite noting softer early demand for the iPhone 16 Pro models compared to the iPhone 15 series. Lead times for the iPhone 16 series vary globally, with China showing a smaller gap between base and Pro models. AAPL stock is down 2.69% at $216.56.

Portfolio Pulse from Anusuya Lahiri

September 16, 2024 | 4:33 pm

ASND

ITOS

NCNA

NUVL

SBT

TIL

U.S. stocks showed mixed performance with the Nasdaq Composite falling around 1%. Energy shares rose by 1.1%, while information technology shares fell by 0.9%. Notable stock movements included NuCana plc surging 151% after positive trial data, Ascendis Pharma rising 17% on trial results, and Nuvalent gaining 28% after announcing a public offering and positive program results. Instil Bio shares plunged 25% due to strategic announcements, Sterling Bancorp fell 17% after announcing a sale and dissolution plan, and iTeos Therapeutics dropped 20% following interim data release.

Portfolio Pulse from Avi Kapoor

September 16, 2024 | 4:31 pm

BLDR

GRBK

MHO

TOL

Homebuilder stocks, including Builders First Source, are rising due to expected Fed rate cuts, declining mortgage rates, and Kamala Harris's homeownership plan. Builders First Source received an upgraded rating from Truist Securities, boosting its stock price.

Portfolio Pulse from Michael Juliano

September 16, 2024 | 4:19 pm

ASND

Ascendis Pharma's investigational drug TransCon CNP shows promising results in a trial for treating achondroplasia, a form of dwarfism. The drug demonstrated superior growth velocity in children compared to placebo and showed a good safety profile. Ascendis plans to submit an FDA application in early 2025.

Portfolio Pulse from Vandana Singh

September 16, 2024 | 4:18 pm

HYZN

Hyzon Motors shares rose as the company began production of its Class 8 200kW fuel cell electric trucks.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 4:11 pm

CRM

Salesforce Ventures has announced a new $500 million AI fund, increasing its total commitment to AI innovators to $1 billion. This move highlights Salesforce's focus on AI technology and innovation.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 4:03 pm

AMZN

EverPass has signed a distribution deal with Amazon to stream NFL's Thursday Night Football on Prime Video, expanding its reach to commercial establishments. This move follows EverPass's previous agreements with Peacock and Charter Communications, and a strategic investment from TKO Group Holdings.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 3:58 pm

DIS

Disney and DirecTV have resolved a two-week blackout, restoring access to Disney's networks, including ESPN and ABC, just as the football season intensifies. The new agreement allows DirecTV customers more flexibility in choosing channel packages and includes options to add Disney's streaming services.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 3:54 pm

BABA

BIDU

NVDA

Alibaba's stock is down due to China's weak economic data and U.S. semiconductor sanctions. The sanctions impact Alibaba's AI ambitions, crucial for its e-commerce and cloud businesses. The Biden administration's tariff hikes on Chinese imports add to the pressure. Barclays suggests policy easing to boost demand.

Portfolio Pulse from Anusuya Lahiri

September 16, 2024 | 3:27 pm

RHHBY

Roche Holdings AG received FDA approval for two subcutaneous injections: Ocrevus Zunovo for multiple sclerosis and Tecentriq Hybreza for various cancers. These approvals offer faster administration times compared to traditional IV methods.

Portfolio Pulse from Vandana Singh

September 16, 2024 | 3:23 pm