Streetbeat News

Regulatory

FNMA

Fannie Mae has approved the MPF Program to facilitate lending to Native Americans on tribal trust lands, enhancing access to conventional loans through the NACLI program.

Portfolio Pulse from

November 07, 2024 | 6:30 pm

XHB

The re-election of Donald Trump in the 2024 Presidential Election led to a short-term boost in major stock market indices. However, the SPDR S&P Homebuilders ETF (XHB) declined due to concerns over tariffs and economic policies affecting housing affordability.

Portfolio Pulse from

November 07, 2024 | 6:30 pm

GERN

Geron Corporation's imetelstat, branded as Rytelo, received FDA approval in June for treating lower risk myelodysplastic syndromes and is showing strong initial sales. The company reported Q3 results and announced new financing. Analysts are optimistic about Geron's future.

Portfolio Pulse from

November 07, 2024 | 6:15 pm

NVO

Novo Nordisk A/S announced trading activities in its shares by board members, executives, and associated persons, as per market abuse regulations.

Portfolio Pulse from

November 07, 2024 | 5:45 pm

THCX

Cannabis stocks experienced a significant decline after Amendment 3, which aimed to legalize recreational marijuana use in Florida, failed to pass. The amendment did not achieve the required 60% support, impacting the cannabis market negatively.

Portfolio Pulse from

November 07, 2024 | 5:30 pm

AZN

AstraZeneca's stock has dropped due to a fraud investigation in China, but the company's strong H1 2024 performance and positive outlook for Q3 2024 make it an attractive buy. The recent price drop has also improved its forward P/E ratio.

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November 07, 2024 | 5:30 pm

SHOO

Steven Madden is planning to reduce its product sourcing from China due to concerns over tariffs following Donald Trump's election victory. The company is looking to shift sourcing to other countries.

Portfolio Pulse from

November 07, 2024 | 5:00 pm

SHOO

Steve Madden plans to reduce its imports from China by up to 45% in response to potential tariffs proposed by President-elect Donald Trump. The tariffs could range from 10% to 100% on Chinese goods.

Portfolio Pulse from

November 07, 2024 | 4:45 pm

CMG

Chipotle Mexican Grill, Inc. is under investigation by The Schall Law Firm for potential securities law violations due to alleged false and misleading statements made to the market.

Portfolio Pulse from

November 07, 2024 | 4:15 pm