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AVGO

SEMI

SMHX

Broadcom Inc. (NASDAQ:AVGO) has expanded its partnership with T-Systems, a Deutsche Telekom subsidiary, to enhance AI, cyber resilience, and cloud sovereignty. T-Systems has achieved Pinnacle tier status in Broadcom's VMware Cloud Service Provider program. This collaboration aims to modernize infrastructure and support sovereign cloud services. Broadcom's stock is down 3.89%. Investors can gain exposure through VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) and Columbia Semiconductor and Technology ETF (NYSE:SEMI).

Portfolio Pulse from Lekha Gupta

October 15, 2024 | 2:50 pm

AAL

APA

CCL

CRGY

FANG

HAL

KOS

LUV

NCLH

OIH

RCL

RIG

SLB

TALO

UAL

USO

VLO

XLE

XOP

Oil prices plunged over 5% as Israel assured the U.S. it would not target Iranian oil facilities, easing Middle East tensions. This led to a drop in energy stocks and a rally in airlines and cruise lines due to lower fuel costs.

Portfolio Pulse from Piero Cingari

October 15, 2024 | 2:50 pm

BABA

PDD

Chinese e-commerce giants Alibaba, JD.com, and PDD are preparing for the Singles' Day shopping festival amid volatile stock sessions. Despite China's fiscal stimulus efforts, these stocks have been on a downward trend. The companies have launched early promotions for the festival, with Alibaba committing $5.7 billion in resources.

Portfolio Pulse from Anusuya Lahiri

October 15, 2024 | 2:44 pm

TMUS

The US Federal Communications Commission (FCC) has initiated a formal inquiry into the use of data caps by telecom companies, assessing their impact on consumers and competition. FCC Chair Jessica Rosenworcel highlighted concerns about data caps affecting small businesses, low-income families, and people with disabilities.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 2:29 pm

BLNK

WBAT

Blink Charging Co. (NASDAQ:BLNK) shares are trading lower after announcing a strategic agreement with Stable Auto to enhance its EV charging network. The company also plans to support EV charging station hosts affected by Enel X's exit from North America. Blink aims to improve its services and expand its network, while also planning a workforce reduction to cut costs.

Portfolio Pulse from Lekha Gupta

October 15, 2024 | 2:26 pm

BTCUSD

Metaplanet Inc., a Japanese company, has increased its Bitcoin holdings by purchasing an additional 107 BTC, bringing its total to 855 BTC. This move aligns with a trend among companies to incorporate cryptocurrencies into their financial strategies, similar to MicroStrategy.

Portfolio Pulse from Ivan Crnogatić

October 15, 2024 | 2:23 pm

AAPL

Goldman Sachs CEO stated that there is not much more to discuss regarding the Apple Card during a conference call. This suggests that there may not be significant new developments or changes in the partnership between Goldman Sachs and Apple concerning the Apple Card.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 2:03 pm

AMZN

Amazon DSP has introduced a new generation of advertising technology aimed at improving audience reach and performance. The update includes enhanced AI-driven optimization and more efficient campaign management.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 2:03 pm

Recent options trading trends for JD.com show a bearish sentiment among large investors, with a significant portion of trades being puts. The price target for JD.com is between $30 and $45, with the stock currently trading at $41.23, down 6.59%.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 2:01 pm

GSK

MRNA

GlaxoSmithKline (GSK) has filed a lawsuit against Moderna (MRNA) in the U.S. for patent infringement related to mRNA technology used in Covid-19 vaccines.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:58 pm