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Semiconductor stocks, including Nvidia, AMD, and Broadcom, are experiencing a selloff, impacting ETFs like VanEck Semiconductor ETF and iShares Semiconductor ETF. Despite positive earnings reports, the sector is down, with ProShares Ultra Semiconductors losing 26% and ProShares UltraShort Semiconductors gaining 28%. Broader market ETFs like SPDR S&P 500 ETF Trust and Invesco QQQ Trust saw smaller declines.

Portfolio Pulse from Anusuya Lahiri

September 06, 2024 | 6:28 pm

AGR

Avangrid has been awarded a 791 MW offshore wind project in Massachusetts, expected to power 400,000 homes, reduce emissions equivalent to 300,000 cars, and create 4,400 jobs. Construction is set for 2025, with full operation by 2029.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:25 pm

CMRX

EBS

The U.S. is preparing for the potential arrival of a more severe strain of mpox, clade 1, which has caused significant cases and deaths in Africa. The government is enhancing surveillance and testing, and the Jynneos vaccine is available for high-risk groups. Efforts are underway to develop new treatments, although current options like TPOXX are ineffective against clade 1.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:24 pm

HAIL

PBW

XPEV

XPeng Inc. (NYSE:XPEV) shares are trading lower despite its flying car division, Xpeng Aeroht, receiving over 1,000 pre-orders for its modular flying car. The company plans to start mass production in 2026, a delay from the original timeline. XPEV stock has lost over 54% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 6:20 pm

DOGEUSD

Dogecoin is nearing a rare macro golden cross, indicating a potential bullish trend despite recent price drops. Crypto trader Kevin predicts a rally within two weeks, aligning with the golden cross. Dogecoin's trading volume and active addresses have decreased, but the Dogecoin Foundation reports progress in development and business adoption.

Portfolio Pulse from Khyathi Dalal

September 06, 2024 | 6:19 pm

VWAGY

The Polish Ministry of Health supports decriminalizing cannabis possession and cultivation, reflecting growing public support. However, political challenges remain, with potential presidential vetoes and conservative parliamentary opposition. The cannabis industry in Poland is gaining momentum, with local hemp varieties showing promise.

Portfolio Pulse from Nina Zdinjak

September 06, 2024 | 6:10 pm

DV

META

DoubleVerify Holdings, Inc. (NYSE:DV) has launched a new Inflammatory Politics and News category on Meta Platforms, Inc. (NASDAQ:META), allowing advertisers to verify campaign quality against controversial content. Despite this launch, DV shares are trading lower, continuing a year-long decline.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 6:08 pm

BNTX

BVNKF

MRNA

Moderna's investigational mpox vaccine, mRNA-1769, shows greater effectiveness than the current Jynneos vaccine in animal studies. The vaccine is in Phase 1/2 trials, with results expected in 2025. BioNTech is also developing a similar vaccine. Moderna's stock is down 1.39%.

Portfolio Pulse from Vandana Singh

September 06, 2024 | 6:02 pm

MCD

Investors are showing a bullish stance on McDonald's (NYSE:MCD) through options trading, with a significant number of call options being purchased. The price range targeted by these trades is between $280 and $305. Analysts have set a price target of $340, with some maintaining a Buy rating. McDonald's stock is currently trading at $291.52, up by 1.23%.

Portfolio Pulse from Benzinga Insights

September 06, 2024 | 6:02 pm

AVGO

Analysts are optimistic about Broadcom Inc's (NASDAQ:AVGO) long-term potential, particularly its AI franchise, despite a recent dip in stock price. Multiple analysts have reiterated buy or overweight ratings, citing strong AI and VMWare performance. However, some noted that the recent earnings report did not meet all expectations.

Portfolio Pulse from Chris Katje

September 06, 2024 | 5:54 pm