Streetbeat News

Regulatory

SPY

Florida Governor Ron DeSantis announced the deployment of the Florida National Guard and the Florida State Guard to critical ports affected by a strike, aiming to maintain order and resume operations. He criticized the Biden-Harris administration for allowing supply chain interruptions, especially following a category 4 hurricane.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 4:54 pm

SPY

The upcoming September jobs report could influence the Federal Reserve's decision on interest rate cuts in November. Economists predict a slight decline in nonfarm payrolls and a steady unemployment rate. The report may not significantly impact the stock market as investors expect weak payroll numbers.

Portfolio Pulse from Chris Katje

October 03, 2024 | 4:50 pm

CRLBF

Michigan's cannabis market is booming with record sales despite a significant drop in marijuana flower prices, driven by a surge in cultivation licenses. The market's competitive environment is further intensified by bulk sales and the state's unlimited-license policy. Established brands are managing to maintain stability, while new players face challenges. Cresco Labs (OTC:CRLBF) is among the companies navigating this landscape.

Portfolio Pulse from Juan Spínelli

October 03, 2024 | 4:48 pm

ABBV

UNH

Blue Shield of California has announced a significant price reduction for a biosimilar alternative to AbbVie's Humira, aiming to address high drug costs. This move is part of a broader initiative to provide more affordable healthcare options.

Portfolio Pulse from Vandana Singh

October 03, 2024 | 4:36 pm

TSLA

Tesla has recalled 27,185 Cybertruck vehicles due to a rearview camera delay, which violates safety standards. A free software update will address the issue. This follows previous recalls for other issues. Tesla's Q3 deliveries and production have increased, but shares are down 2.31%.

Portfolio Pulse from Nabaparna Bhattacharya

October 03, 2024 | 4:25 pm

GEHC

GE HealthCare's MIM Software has received FDA clearance for its Monte Carlo Dosimetry for theranostics, marking a significant advancement in medical imaging and treatment planning.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 4:00 pm

AMTX

LTBR

MPC

TPL

VGAS

VLO

Oil and gas stocks are rising after reports that President Biden is considering supporting Israel in striking Iran's oil facilities.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:59 pm

NVDA

PSI

XSD

Nvidia Corp (NASDAQ:NVDA) is advancing spatial AI and robotics, focusing on the physical world through its Omniverse platform. The stock is up due to U.S. semiconductor sector reforms and high demand for its Blackwell GPU. Nvidia has seen a 173% increase over the past year, despite a recent 6% drop. Investors can also gain exposure through Invesco Semiconductors ETF (NYSE:PSI) and SPDR S&P Semiconductor ETF (NYSE:XSD). Analysts have a positive outlook on Nvidia, with a 12-month price target suggesting further upside.

Portfolio Pulse from Anusuya Lahiri

October 03, 2024 | 3:49 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TLT

TSLA

The article discusses the current market dynamics, highlighting the cognitive dissonance among investors who are buying both stocks and bonds. It mentions the high demand for Nvidia chips, the geopolitical tensions involving Israel and Iran, and the impact of these factors on various ETFs and stocks. The article also provides insights into money flows in major tech stocks and ETFs, and advises on investment strategies considering the current economic and geopolitical climate.

Portfolio Pulse from The Arora Report

October 03, 2024 | 3:39 pm

NVO

A study reveals that the real-world effectiveness of GLP-1 agonists like Novo Nordisk's Ozempic and Wegovy is lower than clinical trials suggest. Despite high demand and FDA approvals for expanded use, patients experience less weight loss in practice, with high discontinuation rates.

Portfolio Pulse from Vandana Singh

October 03, 2024 | 3:27 pm