Streetbeat News

Revenues

BIL

IEF

TLT

U.S. Treasuries are set to break even after a volatile first half of 2024, with a Bloomberg index showing a slight decline of 0.1% for the year. The rebound is attributed to expectations of falling U.S. prices and potential Federal Reserve interest rate cuts. Key ETFs like SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), iShares 7-10 Year Treasury Bond ETF (IEF), and iShares 20+ Year Treasury Bond ETF (TLT) showed mixed pre-market performance.

Portfolio Pulse from Michael Juliano

June 20, 2024 | 1:43 pm

GRDI

MBIO

MGOL

NLSP

RELI

SONN

U.S. stocks traded mixed with the Dow down 0.10%, NASDAQ up 0.16%, and S&P 500 up 0.12%. The U.S. current account deficit widened to $237.6 billion in Q1. Financial shares rose 0.6%, while communication services fell 0.8%. MGO Global, Griid Infrastructure, and Reliance Global Group saw significant stock price increases, while Mustang Bio, NLS Pharmaceutics, and Sonnet BioTherapeutics experienced declines.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 1:42 pm

AIQ

AVEM

BABA

Alibaba Group Holding Ltd. (NYSE:BABA) has denied reports of planning to sell its Thailand unit of Lazada Group. The company has made significant investments in Lazada, which is part of its International Digital Commerce Group. Despite a 15% stock decline over the past year, BABA shares traded higher by 0.43% on Thursday. Investors can also gain exposure to Alibaba through ETFs like Avantis Emerging Markets Equity ETF (NYSE:AVEM) and Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ).

Portfolio Pulse from Anusuya Lahiri

June 20, 2024 | 1:34 pm

DELL

SMCI

Dell Technologies Inc (NYSE:DELL) shares are trading higher after Elon Musk and Dell CEO Michael Dell announced that Dell is assembling half of the racks for an xAI supercomputer. Super Micro Computer Inc (NASDAQ:SMCI) will also provide servers for the supercomputer. Both companies are increasing server capacity to support AI programs.

Portfolio Pulse from Adam Eckert

June 20, 2024 | 1:29 pm

CSCO

NVDA

Nvidia has become the world's most valuable listed company, driven by demand for its AI chips, drawing comparisons to the dot-com boom. Former Cisco CEO John Chambers notes differences in the AI revolution's dynamics. Despite optimism, some experts warn of a potential bubble.

Portfolio Pulse from Benzinga Neuro

June 20, 2024 | 1:23 pm

NVDA

A shortage of Nvidia chips has led customers to make prepayments to secure their orders, according to DigiTimes.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:20 pm

AGIXUSD

FETUSD

OCEANUSD

Ben Goertzel, CEO of SingularityNET, discussed the promising use cases for AI and blockchain technology, emphasizing the ethical and democratic deployment of AGI and ASI through the Artificial Superintelligence Alliance. The merger of FET, OCEAN, and AGIX tokens into a single $ASI token aims to create unprecedented scale and power in the AI ecosystem, impacting finance, healthcare, and entertainment sectors.

Portfolio Pulse from Murtuza Merchant

June 20, 2024 | 1:18 pm

IBRX

ImmunityBio has announced that its immunotherapy drug ANKTIVA is now covered by multiple insurance plans across several states. The first commercial doses have been administered to patients with BCG unresponsive non-muscle invasive bladder cancer, marking a significant milestone in immunotherapy. ANKTIVA activates the body's immune system to attack resistant tumor cells and has shown a long duration of complete response. Urologists can access more information and support through ImmunityBio CARE™.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:17 pm

PEGY

SUNation Energy, a subsidiary of Pineapple Energy, has reported over $15 million in executed sales contracts and confirmed letters of intent in its commercial and industrial project pipelines.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:15 pm

FRGT

Freight Technologies (FRGT) has expanded its relationship with Amazon Mexico to include cross-border logistics operations. This development is expected to enhance FRGT's service offerings and potentially increase its revenue streams.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:14 pm