Streetbeat News

Regulatory

EWJ

iShares MSCI Japan Index Fund (EWJ) is experiencing an increase in trading activity, attributed to the positive sentiment in global markets after the recent Federal Reserve decision. Additionally, the Japanese yen is seeing a rise, fueled by speculation that the government might intervene to bolster the currency.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:51 pm

DIA

IWM

QQQ

QQQM

SPY

Stock indexes rose after the Federal Reserve announced it would leave interest rates unchanged. Fed Chair Powell also mentioned that a rate hike in the next policy move is unlikely, signaling a potentially dovish stance on future monetary policy.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:33 pm

LGVN

Longeveron, identified by its ticker LGVN, has been granted an Israeli patent for 'METHODS OF USING HUMAN MESENCHYMAL STEM CELLS TO EFFECT CELLULAR AND HUMORAL IMMUNITY'. This development could potentially enhance Longeveron's intellectual property portfolio and strengthen its position in the field of stem cell research.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:26 pm

AMD

INTC

NVDA

QCOM

SOXL

SOXS

SOXX

TSM

Semiconductor stocks rose after the Federal Open Market Committee (FOMC) meeting indicated no rate hikes, with strong earnings from Qualcomm boosting the sector. Nvidia, AMD, and Taiwan Semiconductor saw gains, while Intel experienced a slight drop. The FOMC's stance on interest rates and Qualcomm's earnings report positively impacted the sector, suggesting a favorable environment for high-growth equities like semiconductors. Investors are advised to consider semiconductor-focused ETFs for diversified exposure.

Portfolio Pulse from Johnny Rice

May 02, 2024 | 6:11 pm

FXI

SPY

The FCC has reported that approximately 40% of U.S. telecom companies are unable to replace Huawei and ZTE equipment in their networks without further government funding, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 5:57 pm

IWM

LIN

QCOM

SOXX

U.S. stock markets saw gains with the S&P 500 and Nasdaq 100 up, driven by positive corporate earnings and Fed Chair Jerome Powell's dismissal of a rate hike. Semiconductors, particularly Qualcomm, rebounded strongly. Small caps outperformed large caps, and treasury yields fell, indicating reduced interest rate hike fears. Commodities like gold and crude oil fell, while Bitcoin saw a slight recovery. Notable stock movements included Linde plc and ConocoPhillips dropping due to earnings reports, while Regeneron Pharmaceuticals and Moderna Inc. saw significant gains.

Portfolio Pulse from Piero Cingari

May 02, 2024 | 5:37 pm

SNDL

SNDL Inc. (NASDAQ:SNDL) is accelerating its acquisition of majority stakes in two U.S. cannabis companies, Surterra Holdings (Parallel) and Greenpeak Industries (Skymint), through its joint venture SunStream USA. This move comes as cannabis rescheduling in the U.S. appears imminent, allowing SNDL to potentially convert its contingent indirect interests into common interests upon federal legalization. The acquisitions position SNDL among the top 10 multi-state operators (MSOs), targeting a market of over 60 million consumers and $5 billion in sales. SNDL's stock rose 3.8288% to $2.305 per share following the announcement.

Portfolio Pulse from Jelena Martinovic

May 02, 2024 | 5:24 pm

AAPL

QCOM

QQQ

SPY

The stock market rally initiated by Powell's dovish stance has reversed, with The Arora Report's caution proving accurate. Ahead are Apple's earnings and a significant jobs report, with mixed expectations for Apple due to challenges in China and competition from Huawei. Money flows are positive for major tech stocks and ETFs like SPY and QQQ, with the momo crowd buying aggressively. Significant selling in gold and oil was noted, while Bitcoin sees buying on dovish Powell sentiments.

Portfolio Pulse from The Arora Report

May 02, 2024 | 4:50 pm

FSLR

First Solar CEO Mark Widmar appeared live on CNBC to discuss the company's earnings, the impact of China on their business, and the current state of energy prices. The discussion likely covered First Solar's financial performance, its competitive position relative to Chinese companies, and how global energy price trends are affecting its operations and outlook.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:43 pm

NUWE

Nuwellis shares surged following the announcement that the U.S. Patent and Trademark Office has issued a Notice of Allowance for a patent application concerning its pediatric CRRT device, Vivian.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:41 pm