Streetbeat News

Regulatory

COP

CVX

EOG

GRID

ICLN

IYE

MRO

VDE

XLE

XOM

Oil stocks fell amid concerns that Vice President Kamala Harris could take a tougher stance on the oil and gas industry if she becomes the Democratic presidential nominee and wins the race for the White House. Chevron, Marathon Oil, Exxon Mobil, ConocoPhillips, and EOG Resources saw declines. ETFs tied to the oil sector also mirrored this downward trend, while renewable energy ETFs traded in the green, reflecting optimism about a potential shift towards clean energy under a Harris administration.

Portfolio Pulse from Surbhi Jain

July 22, 2024 | 3:51 pm

INAQ

Alpha Modus, Corp. has been awarded two new patents focused on enhancing customer shopping experiences and personalized marketing in retail stores. These patents could significantly impact their technological offerings in the retail sector.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:42 pm

TAL

TAL Education Group (NYSE:TAL) shares are up 7.48% to $10.85 due to China's reduction of key interest rates, which is expected to boost spending and investment, including in education. The sector's resilience during economic fluctuations makes TAL an attractive investment.

Portfolio Pulse from Henry Khederian

July 22, 2024 | 3:22 pm

BABA

BIDU

LI

NIO

NTES

PDD

Shares of US-listed Chinese stocks are trading higher after the People's Bank of China announced a cut in benchmark lending rates.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 3:14 pm

AAL

DAL

UAL

Delta Air Lines (NYSE:DAL) shares are trading lower after canceling over 600 flights on Monday due to a global cyber outage. The airline continues to face significant disruptions, with 16% of its flights canceled by 7:00 a.m. EST. Secretary of Transportation Pete Buttigieg criticized Delta for inadequate customer service and demanded proper assistance and refunds for affected passengers. Comparatively, American Airlines (NASDAQ:AAL) and United Airlines (NASDAQ:UAL) have mostly recovered, canceling only 1% and fewer than 1% of their flights, respectively.

Portfolio Pulse from Shivani Kumaresan

July 22, 2024 | 3:10 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The article discusses the stock market's reaction to Biden's withdrawal and Harris becoming the presumptive nominee. It highlights the positive money flows in major tech stocks and ETFs, and the potential impact on various assets including Bitcoin, gold, and oil.

Portfolio Pulse from The Arora Report

July 22, 2024 | 2:39 pm

MIRA

MIRA Pharmaceuticals Inc (NASDAQ:MIRA) announced promising preclinical results for its novel oral ketamine analog, Ketamir-2, which shows potential in treating neuropsychiatric disorders. The company plans to submit an IND application to the FDA by the end of the year. Ketamir-2 demonstrates better oral bioavailability and fewer side effects compared to traditional ketamine. MIRA's stock surged 151.20% to $1.73 following the announcement.

Portfolio Pulse from Vandana Singh

July 22, 2024 | 2:31 pm

AMAT

AMD

ASML

KLAC

LRCX

QCOM

STM

Shares of semiconductor stocks are trading higher as the sector rebounds after falling last week. The decline was due to profit-taking and concerns over new China restrictions. Investors are also considering Biden's exit from the 2024 presidential race.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 2:23 pm

CRWD

EIS

SPY

VZ

Benzinga Market Summary: President Biden drops out of the race and endorses Vice President Harris. Crowdstrike shares continue to fall following a global outage. Israel's Prime Minister Netanyahu is set to visit Washington. Verizon slips on a revenue miss.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 1:51 pm

TLRY

Tilray Brands Inc (NASDAQ:TLRY) shares are trading higher after the company announced that its cannabis cultivation facility in Germany received the first new cannabis cultivation license under Germany’s new Cannabis Act. This development is expected to positively impact the company's operations and patient care in Germany.

Portfolio Pulse from Adam Eckert

July 22, 2024 | 1:26 pm