Streetbeat News

Security

EIS

SPY

USO

The U.S. State Department has raised the travel advisory for Israel and the West Bank to Level 3, advising citizens to reconsider travel due to terrorism and civil unrest. The travel advisory for Gaza remains at Level 4, advising against all travel due to terrorism, civil unrest, and armed conflict.

Portfolio Pulse from Charles Gross

October 11, 2023 | 9:41 pm

PAAS

Pan American Silver announced the resumption of operations at its La Colorada Mine in Mexico on October 16, 2023, following a temporary suspension due to security concerns after an armed robbery. No physical injuries were reported among the company's personnel.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 9:26 pm

GOOG

GOOGL

Teamsters union and community groups are uniting to protest at the launch of Waymo's self-driving trucks in Los Angeles County. The groups are concerned about job losses and safety issues.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:11 pm

EIS

EWQ

EWU

FXI

SPY

The UN Security Council is scheduled to meet on Friday to discuss the ongoing conflict between Israel and Gaza, according to Reuters citing diplomats. The meeting could potentially impact global markets and ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 7:46 pm

CZR

MGM

Stifel analyst Steven M. Wieczynski has reiterated a Buy rating on Caesars Entertainment, Inc. (NASDAQ:CZR), raising the price target to $80 from $74. The recent sell-off due to cyber-attacks has created a compelling entry point for CZR. The analyst highlights multiple catalysts that should drive shares higher and believes the long-term impact of the cyber-attacks should be minimal. The analyst also raised FY23E EPS to $4.12 from $3.98, with revenues of $11.56 billion.

Portfolio Pulse from Nabaparna Bhattacharya

October 11, 2023 | 6:35 pm

EIS

TSLA

UBS

As the conflict between Israel and Hamas escalates, Israel has formed a wartime cabinet and is preparing for a ground offensive in Gaza. The U.S. has pledged support to Israel, with a plane carrying ammunition landing in the country. ETFs investing in Israeli stocks, such as BlackRock's Ishares Msci Israel ETF (NYSE:EIS), are experiencing substantial outflows. UBS Group (NYSE:UBS) has postponed all business travel to the Middle East due to the conflict. Tesla (NASDAQ:TSLA) CEO Elon Musk announced that all Tesla-branded charging stations in Israel would be free.

Portfolio Pulse from Anthony Noto

October 11, 2023 | 6:08 pm

EIS

SPY

USO

White House's Kirby stated that no other actor has been observed trying to intentionally escalate the Israel-Hamas conflict, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:07 pm

JPM

UBS

UBS Group AG has suspended work-related travel for its employees in the Middle East due to the escalating conflict between Israel and Hamas. This has led to the postponement of a high-profile wealth management conference in Qatar. Other banks such as JPMorgan Chase & Co and Morgan Stanley have advised their Israel-based teams to work from home.

Portfolio Pulse from Shivani Kumaresan

October 11, 2023 | 5:36 pm

EIS

EWT

SPY

VGK

The White House is preparing a supplemental funding request to submit to Congress, which includes money for Israel, Ukraine, Taiwan, and U.S. border security, according to Reuters citing NBC News.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 5:25 pm

MSFT

TEAM

Microsoft has detected a critical vulnerability in Atlassian's software being exploited by Chinese state-backed hackers. The vulnerability, rated at a maximum of 10.0, allowed remote attackers to create unauthorized administrator accounts, granting them access to Confluence servers. Atlassian has released a patch to address the flaw.

Portfolio Pulse from Anusuya Lahiri

October 11, 2023 | 5:17 pm