Streetbeat News

Regulatory

TCNNF

A panel hosted by Zuanic & Associates discussed the regulatory challenges facing the hemp industry, with a focus on Florida. The panelists highlighted the growth of hemp-derived products and the potential of the hemp beverage market. They criticized the monopolistic tendencies of large cannabis companies and called for clear federal regulation, referencing Senator Ron Wyden's Cannabinoid Safety and Regulation Act as a potential guide.

Portfolio Pulse from Rolando García

October 07, 2024 | 6:27 pm

GOOGL

A U.S. judge has ordered Google to allow more competition in its app store, potentially impacting its business model and revenue from app store operations.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:25 pm

SOXX

The iShares Semiconductor ETF (SOXX) has seen significant gains due to demand in AI, cloud computing, and automotive technologies. However, it is approaching a 'Death Cross,' a bearish technical indicator, amid geopolitical tensions and supply chain issues. Despite strong performance, investors should be cautious of potential volatility.

Portfolio Pulse from Surbhi Jain

October 07, 2024 | 6:13 pm

BMY

RVPH

Reviva Pharmaceuticals' Brilaroxazine shows strong efficacy in treating schizophrenia, potentially offering cognitive benefits and a better metabolic profile compared to Bristol Myers' recently FDA-approved Cobenfy. Analysts see potential for Brilaroxazine in the treatment landscape.

Portfolio Pulse from Vandana Singh

October 07, 2024 | 6:13 pm

SPY

Neel Kashkari from the Federal Reserve has indicated that the commercial real estate (CRE) sector, particularly the office segment, may still face challenges. While he does not see systemic risk, there could be stress on specific banks due to office sector CRE issues.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:06 pm

SPY

Federal Reserve's Kashkari expressed confidence that a reduction in new rents indicates a decrease in housing inflation, and he does not see signs of resurgent inflation.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:04 pm

SPY

Federal Reserve's Kashkari indicates a shift in economic risks from higher inflation to potential higher unemployment, while affirming the resilience of the US economy.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:01 pm

BABA

MCHI

SPY

TCEHY

Chinese stocks have surged, with the MSCI China Index outperforming the S&P 500 due to policy stimulus. The iShares MSCI China ETF (MCHI) rose over 35% from Sept. 24 to Oct. 7. Major Chinese companies like Alibaba and Tencent saw significant gains. Analysts advise caution, suggesting potential pullbacks but also long-term opportunities in certain sectors.

Portfolio Pulse from Piero Cingari

October 07, 2024 | 5:49 pm