Streetbeat News

Regulatory

AVTE

Trading for a certain asset has been halted as of 6:55:00 a.m. ET due to pending news. This indicates that significant information is expected to be released, which could impact the asset's price once trading resumes.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 10:55 am

ORLA

Orla Mining has reported significant gold intercepts at its South Railroad Project, indicating potential to expand gold mineralization and extend mine life. The company is focusing on defining new oxide mineralization and expanding its resource base. The project has made significant permitting progress.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 10:13 am

XEL

Xcel Energy has reiterated its FY24 adjusted EPS guidance of $3.50-$3.60 and initiated FY25 adjusted EPS guidance of $3.75-$3.85. Key assumptions include constructive regulatory outcomes, normal weather patterns, and changes in sales and expenses.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 10:09 am

QQQ

The 2024 presidential candidates, Donald Trump and Kamala Harris, have differing views on capital gains taxes. Trump's past policies suggest a focus on lowering taxes for the wealthy, while Harris proposes increasing the top tax rate on long-term capital gains and the net investment income tax for high earners. These policies could impact growth stocks and tech-heavy ETFs like Invesco QQQ, with potential short-term volatility if Harris's plan is implemented.

Portfolio Pulse from Hayden Buckfire

October 31, 2024 | 10:07 am

SMCI

Super Micro Computer Inc (NASDAQ:SMCI) shares dropped over 4% in pre-market trading following the resignation of its independent auditor, Ernst & Young, due to concerns about governance and transparency. The resignation raises questions about the company's financial integrity.

Portfolio Pulse from Benzinga Neuro

October 31, 2024 | 8:57 am

AMZN

TSLA

Elon Musk criticized Zoox co-founder Jesse Levinson for his comments on Tesla's autonomous vehicle technology, suggesting Zoox would not exist without Amazon's acquisition. Levinson questioned Tesla's FSD system's reliability, while Musk remains optimistic about future developments. Tesla plans to launch a ride-hail service with potential driverless operations, while Zoox is set to debut its robotaxi soon.

Portfolio Pulse from Anan Ashraf

October 31, 2024 | 7:17 am

BBJP

DXJ

EWJ

The Bank of Japan has decided to keep its interest rate unchanged at 0.25%. This decision may impact Japanese-focused ETFs such as BBJP, DXJ, and EWJ, which are traded in the US markets.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 5:28 am

COIN

HOOD

META

MSFT

SMCI

Meta, Microsoft, Robinhood, Super Micro, and Coinbase are in focus due to recent earnings reports and other developments. Meta and Microsoft beat earnings expectations, while Robinhood met earnings but missed revenue estimates. Super Micro's stock plunged due to auditor resignation, and Coinbase missed revenue estimates.

Portfolio Pulse from Benzinga Neuro

October 31, 2024 | 2:31 am

MRMD

MariMed Inc. is expanding its cannabis operations into Missouri and increasing capacity in Illinois. Missouri will be the sixth state for MariMed, with plans to launch products by late November. Illinois is a key market, contributing significantly to sales, and MariMed is investing in a new cultivation site there.

Portfolio Pulse from Nicolás Jose Rodriguez

October 31, 2024 | 2:17 am

KDLY

The Benzinga Cannabis Capital Conference discussed challenges in the cannabis market, focusing on patient-centric care, regulatory hurdles, and the friction between medical and adult-use markets. Key figures emphasized the importance of education, advocacy, and maintaining medical integrity in the evolving cannabis landscape.

Portfolio Pulse from Rolando García

October 31, 2024 | 1:30 am