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GME

GameStop Corp (NYSE:GME) is set to report its Q2 earnings, with analysts expecting a revenue decline and a loss per share. The company has missed revenue and earnings estimates in recent quarters. Investors are keen on updates regarding cash usage and potential M&A activities. GameStop shares have risen 43% YTD but have recently pulled back.

Portfolio Pulse from Chris Katje

September 09, 2024 | 4:02 pm

XLE

XLU

Bank of America has adjusted its sector outlooks, upgrading Utilities to 'overweight' and downgrading Energy to 'market-weight'. Utilities, represented by XLU, are seen as a defensive hedge with growth potential due to stable fundamentals and AI integration. Energy, represented by XLE, faces political risks and negative earnings revisions, making it a less attractive investment.

Portfolio Pulse from Piero Cingari

September 09, 2024 | 4:02 pm

ETHUSD

Ether.fi is launching a blockchain-based credit card, Ether.fi Cash, in partnership with Scroll, an Ethereum Layer-2 network. The card allows users to spend fiat while using crypto as collateral, offering 3% cash-back and crypto-based rewards. Initially available internally, it will ship to pre-order customers on Sep. 16, but won't be available in the U.S. due to regulatory concerns.

Portfolio Pulse from Murtuza Merchant

September 09, 2024 | 3:53 pm

TNXP

Tonix Pharmaceuticals (NASDAQ:TNXP) shares surged 20% after announcing promising data on their mpox vaccine, TNX-801, at an immunology symposium. The vaccine offers single-dose protection, improved tolerability, and could outperform existing vaccines. Tonix is collaborating with Bilthoven Biologics for manufacturing processes.

Portfolio Pulse from Henry Khederian

September 09, 2024 | 3:48 pm

STLA

Stellantis N.V. (NYSE:STLA) has announced a recall of 1.46 million vehicles globally due to a software flaw affecting the electronic stability control system. The recall includes 1.23 million Ram 1500 trucks in the U.S. and other vehicles in Canada, Mexico, and elsewhere. Despite the recall, STLA shares are trading higher.

Portfolio Pulse from Lekha Gupta

September 09, 2024 | 3:47 pm

ANNX

Annexon shares rise as the company plans to present analyses of ANX007 from its completed Phase 2 ARCHER trial at upcoming scientific meetings.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:40 pm

PFE

RLAY

Relay Therapeutics shared promising interim data for its breast cancer treatment, RLY-2608, showing significant progression-free survival in heavily pretreated patients. The company is advancing towards a pivotal trial and plans to seek a global commercialization partner for another drug, lirafugratinib. Relay's stock rose significantly following the news.

Portfolio Pulse from Vandana Singh

September 09, 2024 | 3:30 pm

XNCR

Xencor shares rise as the company announces four new XmAb programs for autoimmune diseases and updates on its oncology programs.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:26 pm

TSM

Taiwan Semiconductor shares are rising as reports suggest that the production yield at its Arizona facility matches that of its Taiwan facilities.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 3:20 pm

MSTR

NVDA

MicroStrategy's Bitcoin investment strategy has outperformed every S&P 500 company, including Nvidia, since 2020. The firm has generated an average annual return of 44% from Bitcoin investments, compared to the S&P 500's 12%. MicroStrategy has also innovated in securitizing Bitcoin through convertible bonds.

Portfolio Pulse from Murtuza Merchant

September 09, 2024 | 3:14 pm