Streetbeat News

Products Services

MRNA

The European Commission has approved Moderna's RSV vaccine, mRESVIA, for adults aged 60 and over. This follows a positive opinion from the EMA and is based on successful Phase 3 trial results. Moderna's stock saw a slight increase following the news.

Portfolio Pulse from Vandana Singh

August 23, 2024 | 2:09 pm

BGXX

Bright Green Corporation (NASDAQ:BGXX) has signed a letter of intent with Benuvia Operations to supply DEA-approved marijuana extracts and plant-based psychedelics. This partnership highlights Bright Green's commitment to providing high-quality organic materials for pharmaceutical use.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 2:05 pm

HITI

MRMD

PLNH

The article highlights the expansion of cannabis dispensaries across the US and Canada, including new openings by NOXX Cannabis in Michigan, The Cure Company in Los Angeles, and Khalifa Kush in Las Vegas. Planet 13 Holdings partners with Wiz Khalifa for a new store, and MariMed and High Tide Inc. also announce new locations.

Portfolio Pulse from Jelena Martinovic

August 23, 2024 | 1:59 pm

The article discusses a value investing options trade on Zoom Video Communications, Inc. (NASDAQ:ZM). The trade involved a vertical spread with a net debit of $1.60, aiming for a $4 exit. Despite an earnings beat, the stock closed below $63, prompting a revised exit at $3.40, resulting in a 113% gain. The author plans to apply a similar strategy to another stock with strong fundamentals.

Portfolio Pulse from David Pinsen

August 23, 2024 | 1:56 pm

AAPL

Hedge fund Third Point is optimistic about Apple's stock, highlighting the potential of AI features to significantly enhance earnings.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 1:53 pm

CHPT

EVGO

LAC

PLL

The EV market is experiencing a slowdown, impacting battery and charging stocks like ChargePoint, EVgo, Piedmont Lithium, and Lithium Americas. Investors are scrutinizing these stocks as automakers shift focus to hybrid vehicles. Regulatory changes and capacity plans are key future catalysts.

Portfolio Pulse from Surbhi Jain

August 23, 2024 | 1:44 pm

CIFR

CLSK

IREN

MARA

RIOT

Bitcoin miners faced challenges in Q2 2024 due to the Bitcoin halving event, which reduced daily coin yields. Despite this, Marathon Digital and CleanSpark stood out for their strategic moves and cost efficiencies. Marathon led in bitcoin mining and cost-cutting, while CleanSpark expanded aggressively. Riot Platforms and Iris Energy also made significant capital moves.

Portfolio Pulse from Surbhi Jain

August 23, 2024 | 1:43 pm

NFLX

Netflix's stock has reached a new all-time high, driven by a 150% increase in advertising sales and strategic shifts like adding live sports and revamping its subscription model. The stock has surged over 300% since its low in May 2022, despite a recent slight pullback.

Portfolio Pulse from Zaheer Anwari

August 23, 2024 | 1:35 pm

RDY

Dr. Reddy's Laboratories received an FDA Form 483 with three observations after an inspection at its Srikakulam facility. This could indicate potential compliance issues that may need to be addressed.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 1:31 pm

AIPI

PLTR

SHLD

Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher premarket due to a new partnership with Sompo for AI solutions in the insurance sector. This partnership extends Palantir's reach in Japan and Brazil, enhancing decision-making in pricing and risk management. Investors can also gain exposure through ETFs like REX AI Equity Premium Income ETF (NASDAQ:AIPI) and Global X Defense Tech ETF (NYSE:SHLD).

Portfolio Pulse from Lekha Gupta

August 23, 2024 | 1:30 pm