Streetbeat News

Regulatory

CSIQ

ENPH

FSLR

TAN

A Benzinga poll reveals that investors are divided on whether a Trump victory would benefit or harm solar stocks. With Trump’s odds of winning the presidency increasing, solar stocks like Invesco Solar ETF (TAN), First Solar Inc (FSLR), Enphase Energy Inc (ENPH), and Canadian Solar Inc (CSIQ) have seen varied performances. Historically, Trump has been skeptical of solar energy, favoring fossil fuels.

Portfolio Pulse from Hayden Buckfire

July 18, 2024 | 6:10 pm

SPY

A US Appeals Court has blocked the Biden administration's new student debt relief plan, which could have significant implications for the economy and various sectors.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 6:09 pm

DIA

LLY

NVDA

NVO

QQQ

SOXX

SPY

XLE

XLV

The market experienced a risk-off day with major indices trading in the red. The VIX spiked over 10%, and semiconductor stocks remained weak due to concerns over U.S. chip export restrictions to China. Eli Lilly and Novo Nordisk faced significant declines due to competitive threats from Pfizer and Roche. Economic data showed rising jobless claims, and the U.S. dollar rose as a safe haven.

Portfolio Pulse from Piero Cingari

July 18, 2024 | 6:05 pm

PFE

VALN

Pfizer Inc (NYSE:PFE) and Valneva SE (NASDAQ:VALN) announced the completion of the primary vaccination series in their Phase 3 VALOR trial for the Lyme disease vaccine candidate VLA15. Participants will be monitored until the end of the Lyme disease season in 2025, with plans to submit marketing applications in 2026. The vaccine has shown a favorable safety profile, and no safety concerns have been observed by the Data Safety Monitoring Board.

Portfolio Pulse from Vandana Singh

July 18, 2024 | 6:05 pm

GOOG

GOOGL

VOX

XLC

Alphabet (NASDAQ:GOOGL) stock is trading lower due to an investigation by the Italian Competition Authority into Google's methods for obtaining user consent for linking data across its services. The probe focuses on potential inadequacies and misleading information in Google's consent requests. This investigation could impact how Google manages user data within the EU.

Portfolio Pulse from Shivani Kumaresan

July 18, 2024 | 6:01 pm

ASML

MRVL

Marvell Technology (NASDAQ:MRVL) shares are trading lower amid a broader sell-off in the semiconductor sector. The Nasdaq 100 fell 2.94%, driven by concerns over potential export restrictions to China, ASML's earnings miss, and comments from former President Trump about Taiwan. Marvell's stock is below its 50-day moving average and has fallen 8.98% over the past month.

Portfolio Pulse from Erica Kollmann

July 18, 2024 | 5:58 pm

KBE

KRE

SPY

XLF

The Federal Reserve's Logan stated that progress is being made in preparing banks to use the discount window, and that emergency lending programs have been effective. All eligible banks should be ready to utilize the discount window.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 5:45 pm

SPY

Nancy Pelosi denies earlier reports about her conversations with the President, stating that the press has misrepresented the situation based on anonymous sources.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 5:20 pm

QQQ

SPY

UUP

Chicago Fed President Austan Goolsbee expressed confidence in the declining inflation trend but refrained from committing to a September rate cut. Despite his optimistic outlook, the U.S. stock market experienced a decline, with major indices and ETFs like SPY and QQQ falling.

Portfolio Pulse from Piero Cingari

July 18, 2024 | 4:28 pm

MSFT

Microsoft has reached an antitrust agreement with OVHcloud, a French cloud services provider. This truce aims to address competition concerns and improve Microsoft's cloud practices in Europe.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 4:22 pm