Streetbeat News

Regulatory

AMD

AMZN

GOOG

MSFT

NVDA

ORCL

TSM

Chip stocks, including Nvidia (NVDA) and AMD (AMD), saw a brief recovery in Thursday's premarket session after a significant selloff on Wednesday. The sector was impacted by the Biden administration's semiconductor policies against China and Donald Trump's remarks against TSM. However, TSM's strong quarterly results provided a boost. Nvidia is highlighted as a key AI beneficiary with significant market share and pricing power.

Portfolio Pulse from Anusuya Lahiri

July 18, 2024 | 3:33 pm

AGR

Vineyard Wind reported that a significant part of a turbine blade has detached off the Massachusetts coast, with potential for more debris to wash ashore.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:27 pm

SLRX

Salarius Pharmaceuticals shares are trading lower after the company was notified by MD Anderson Cancer Center of a Grade 4 adverse event in the Seclidemstat clinical trial. The FDA has placed the trial on partial clinical hold, preventing new patient enrollment while allowing current patients to continue treatment.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:12 pm

SPY

President Biden's campaign aide has stated that Biden is not wavering on any of his policies, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 2:51 pm

DIS

NFLX

Netflix is expected to report higher Q2 earnings, with analysts revising forecasts upwards. The company, along with Disney, is challenging a new Canadian regulation. Netflix shares fell 1.4% recently. Analysts have maintained positive ratings and increased price targets for Netflix.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 2:41 pm

BTI

R.J. Reynolds has received FDA marketing approval for 7 Vuse e-cigarettes, a significant regulatory milestone for the company.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 2:26 pm

SPY

Federal Reserve's Goolsbee stated that recent inflation data has been positive, but the fight against inflation is not over. He also noted that the labor market is cooling, leading to a better balance.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 2:07 pm

AMD

BYND

DPZ

LESL

NVDA

Bitcoin Spot ETFs continue to see inflows, while Trump's comments on Taiwan and Biden's trade plans trigger a selloff in semiconductor stocks. Leslie's, Beyond Meat, and Domino's are among the big stocks moving lower in pre-market trading. Nvidia and AMD are particularly affected by the semiconductor selloff.

Portfolio Pulse from Akanksha Bakshi

July 18, 2024 | 2:04 pm

VLCN

Volcon Inc. has regained compliance with Nasdaq's listing requirements, ensuring its continued presence on the exchange.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 1:34 pm

EWQ

FEZ

FXE

The European Central Bank (ECB) kept its key interest rates unchanged at its July meeting, aligning with market expectations. The ECB did not provide specific guidance on future policy, slightly chilling market expectations for a September rate cut. The euro held steady against the U.S. dollar, and European equity markets rose, with France's CAC 40 index being the top performer.

Portfolio Pulse from Piero Cingari

July 18, 2024 | 1:18 pm