Streetbeat News

Regulatory

NVO

U.S. parents face challenges accessing recommended obesity treatments for children, with intensive behavioral counseling often unavailable or not covered by insurance. Novo Nordisk's Wegovy sees strong demand despite concerns about long-term effects on children.

Portfolio Pulse from Vandana Singh

June 18, 2024 | 4:30 pm

UBS

UBS CEO comments on the aftermath of UBS's rescue of Credit Suisse, noting that the discourse is dominated by fear rather than courage, with many focusing on the risks of having a large bank in the country.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 4:20 pm

BA

NASA has delayed the return of Boeing's Starliner spacecraft to Earth, now targeting June 26. This marks another delay in the spacecraft's mission.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 4:06 pm

FXI

SPY

The U.S. House of Representatives is launching a bipartisan Critical Minerals Working Group to address China's dominance in key materials. This initiative aims to reduce dependency on China for critical minerals essential for various industries.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:55 pm

SPY

Fed's Collins states that recent inflation data is encouraging, with notable progress in lowering inflation. However, inflation remains above the 2% target. The economy has shown remarkable resilience.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:46 pm

SPY

Fed's Collins suggests that the U.S. Central Bank should remain patient on monetary policy and cautions against overreacting to recent inflation data. Collins remains optimistic about the economy and monetary policy but notes it is too soon to determine if inflation is retreating to 2%.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:45 pm

CNBS

CRLBF

JUSHF

TCNNF

Tim Seymour, portfolio manager of the Amplify Seymour Cannabis ETF (NYSE: CNBS), emphasizes the importance of state-level legalization over federal rescheduling for cannabis industry growth. He highlights the potential in states like Ohio, Florida, and Pennsylvania, and mentions companies like Cresco Labs, Trulieve, and Jushi Holdings as well-positioned to benefit from these changes.

Portfolio Pulse from Nicolás Jose Rodriguez

June 18, 2024 | 3:20 pm

BA

ITA

PPA

Boeing Co. (NYSE:BA) shares are trading lower due to new allegations of mishandling defective parts on 737 Max aircraft. The complaint, filed by a quality inspector, has intensified scrutiny from federal agencies and the U.S. Senate. Boeing's CEO is set to testify before senators regarding the company's safety measures.

Portfolio Pulse from Shivani Kumaresan

June 18, 2024 | 3:17 pm

SID

Companhia Siderurgica Nacional S.A. (SID) shares have been halted pending news. Investors are awaiting further information to understand the impact on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:16 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The article discusses the current state of the stock market, highlighting the momentum-driven rally in AI stocks and the potential risks associated with it. It mentions the SPDR S&P 500 ETF Trust (SPY) as a key indicator, noting its overbought status and low trading volume. The article also covers the recent retail sales data, which came in below expectations, and the bankruptcy filing of Fisker Inc. Additionally, it provides insights into early trade money flows for major tech stocks and ETFs, as well as the behavior of the 'momo crowd' and 'smart money' in various asset classes.

Portfolio Pulse from The Arora Report

June 18, 2024 | 3:06 pm