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Regulatory

SPY

Fed's Barkin expressed optimism that maintaining somewhat restrictive interest rates can bring inflation back to target without causing significant job losses, highlighting the economy's resilience. He acknowledged that tight monetary policy would slow the economy further but emphasized its lesser vulnerability.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:11 pm

SPY

Fed's Barkin expressed a balanced view on the economy, suggesting that while optimists could foresee a 'soft landing' due to economic strength, pessimists might focus on weakening demand or persistent inflation signs.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:10 pm

SPY

Fed's Barkin comments on the need for a slowdown in reported inflation to 'sustain and broaden'. He acknowledges that while all Fed officials are examining the same data, drawing uniform conclusions can be challenging.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:10 pm

VVOS

Vivos Therapeutics' shares surged following the announcement of a notice of allowance for its U.S. patent application for a device aimed at treating sleep disordered breathing, sleep apnea, and snoring.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:01 pm

QQQ

SPY

The Bureau of Labor Statistics is set to release the March jobs report, with ADP's data showing strong private sector employment growth. Economists predict a surge of 200,000 non-farm payrolls, a decline from the previous month but still robust. Strong job growth in specific sectors and cooling inflation are noted. Expectations of the Federal Reserve's monetary policy could shift based on the report's outcome, affecting Treasury yields, the dollar, and interest rate-sensitive sectors. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust experienced declines following the previous jobs report.

Portfolio Pulse from Piero Cingari

April 04, 2024 | 3:54 pm

SNDL

SNDL, Inc. (NASDAQ:SNDL) shares have surged over 75% in the past month but are experiencing a pullback after a 22.6% gain on Wednesday. The cannabis sector's rally is attributed to legalization in Germany, potential rescheduling in the U.S., and a Florida Supreme Court ruling allowing a recreational marijuana legalization initiative on the November ballot. SNDL is trending on Yahoo Finance and WallStreetBets. Technical analysis suggests SNDL's current price is above its 200-day moving average, indicating bullish sentiment.

Portfolio Pulse from Erica Kollmann

April 04, 2024 | 3:49 pm

SNN

The UK National Institute for Health and Care Excellence (NICE) has reconfirmed its guidance favoring Smith+Nephew's PICO Single Use Negative Pressure Wound Therapy System (sNPWT) over standard dressings for patients at high risk of surgical site infections (SSIs). This decision is based on a review of 28 new studies, showing PICO sNPWT's superior clinical outcomes and cost-effectiveness, especially in surgeries like colorectal, cardiothoracic, and vascular. The PICO sNPWT dressing, featuring AIRLOCK Technology, reduces the risk of wound complications, offering significant benefits for healthcare systems and patients.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 3:22 pm

BA

ITA

PPA

Boeing Company (NYSE:BA) is experiencing a significant slowdown in the production of its 737 MAX jetliners due to increased factory inspections by U.S. regulators and a slowdown on the assembly line. This has led to a production rate well below the FAA's imposed limit of 38 jets per month, with rates dropping to single digits in late March. The slowdown is expected to impact the airline industry, causing carriers to adjust flight schedules or extend jet leases. Boeing's stock has lost over 12% in the past year, but shares were trading higher by 1.11% to $186.97 recently. Investors can also gain exposure to Boeing through the IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Nabaparna Bhattacharya

April 04, 2024 | 3:04 pm

VVOS

Vivos Therapeutics has received a notice of allowance for its U.S. patent application 17/522,740, titled 'Vibrational Oral Appliance with Mandibular Advancements,' aimed at providing relief from sleep disordered breathing, sleep apnea, and/or snoring. This development marks a significant milestone for the company in its efforts to innovate in the field of sleep disorder treatments.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 3:03 pm

ETHUSD

XRPUSD

Ripple announced the launch of a U.S. dollar-pegged stablecoin on the XRP Ledger and Ethereum, aiming to compete with Tether and Circle in the $150 billion stablecoin market. The stablecoin is backed by U.S. dollar deposits, short-term U.S. government treasuries, and cash equivalents, with plans for third-party audits and monthly attestations for transparency. This move is seen as a strategic step for Ripple and is expected to enhance liquidity and opportunities for the XRP Ledger community.

Portfolio Pulse from Murtuza Merchant

April 04, 2024 | 2:54 pm