Streetbeat News

Regulatory

MDXG

MIMEDX received an FDA warning letter regarding the classification of its product AXIOFILL, which is not related to safety concerns. The company has reiterated its 2023 full-year net sales and fourth-quarter adjusted EBITDA margin outlook, indicating that the warning has not affected its financial projections.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 10:02 pm

CANO

Cano Health has been notified by the NYSE of non-compliance with market capitalization criteria. The company is expediting its transformation plan and aims to achieve $290 million in cost reductions.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 9:43 pm

LMDX

Trading for LMDX was halted and then resumed at 4:40 PM ET, with updated quotation resumption times following the release of news.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 9:40 pm

LMDX

Trading for LMDX was halted at 4:10:00 p.m. ET due to pending news. The halt is in place to ensure a fair and orderly market until the news is released.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 9:10 pm

LMDXW

Trading on the stock LMDXW has been halted at 4:10:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and ensure fair information dissemination.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 9:10 pm

AAPL

MSFT

SPY

TSLA

The U.S. stock market ended the year on a high note, with major indices reaching record levels, driven by the AI revolution and a dovish pivot by the Federal Reserve. The Nasdaq 100 had its best year since 1999, while the SPY ETF is close to hitting $500 billion in assets. AI interest has surpassed Bitcoin, and The New York Times is suing OpenAI and Microsoft over copyright issues. Ed Yardeni predicts a bullish S&P 500 for 2024, and Apple is shifting focus to wearables. Elon Musk has shown support for a $25K Tesla compact car.

Portfolio Pulse from Piero Cingari

December 29, 2023 | 9:01 pm

BRRR

SNEX

Valkyrie has filed an amended S-1 form for its Bitcoin Fund, with Stonex Financial set to be the lead market maker. Stonex will also facilitate the creation of the initial basket of shares for the fund, which will trade under the symbol 'BRRR'.

Portfolio Pulse from Charles Gross

December 29, 2023 | 8:39 pm

TSLA

Investor interest in SpaceX has surged, but the company remains privately held, with shares not available on public exchanges. Elon Musk, CEO of Tesla (NASDAQ:TSLA), is believed to own a majority stake in SpaceX. While private share sales are possible through platforms like Rainmaker Securities, these are typically restricted to accredited investors. Rumors of a SpaceX Starlink IPO were quashed by Musk, who stated it would only occur after certain financial targets are met. Meanwhile, scams promising SpaceX shares are proliferating, similar to the cryptocurrency scams in 2018. Investors are advised to be cautious and patient for a potential future Starlink IPO.

Portfolio Pulse from Neil Dennis

December 29, 2023 | 8:01 pm

AAL

DAL

JBLU

SAVE

UAL

Major airlines have called on the Biden administration to take further action to mitigate flight delays and cancellations resulting from air traffic control staffing shortages and the impact of private planes. The airlines are urging for measures that would help improve the efficiency and reliability of the air traffic control system.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 7:16 pm

NTES

NetEase shares are experiencing increased volatility due to the impact of Chinese gaming regulations. This regulatory environment could affect the company's operations and market performance.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 7:08 pm