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Security

EIS

SPY

USO

Israeli Army Radio, as cited by Reuters, has reported a warning of hostile aircraft in Northern Israel. The US-listed ETFs EIS, SPY, and USO may be affected by this news.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 2:58 pm

AAL

American Airlines Group Inc (NASDAQ:AAL) shares are trading higher by 2.7% to $12.58 during Wednesday's session. The airline has suspended its flights to Israel due to the ongoing conflict, which could lead to an immediate loss of revenue and impact the company's financial performance. If the conflict continues, it could create further uncertainty for the company's operations and financial implications.

Portfolio Pulse from Henry Khederian

October 11, 2023 | 2:39 pm

EIS

SPY

USO

US intelligence suggests that key Iranian leaders were surprised by the recent Hamas attack in Israel, casting doubt on Iran's direct involvement in the assault. Despite Iran's long history of supporting Hamas, there is no evidence of direct planning or knowledge of the attack by Iran. The US continues to investigate the situation, with officials stating that Iran's provision of weapons and support to Hamas makes it broadly complicit in the attack. The Biden administration faces criticism from Republicans who claim the administration is soft on Iran and that the recent unfreezing of $6 billion in Iranian funds indirectly financed the assault. Treasury Secretary Janet Yellen has not ruled out refreezing the funds if Iran's involvement is confirmed.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 2:37 pm

DAL

Delta Air Lines, Inc. (NYSE:DAL) shares are trading higher by 2% to $36.44. The airline's stock has been volatile due to the Israel-Hamas conflict, which has led to U.S. airlines suspending flights to Israel, causing potential revenue loss. Geopolitical conflicts can also affect the overall health of the airline industry, influencing airline stocks.

Portfolio Pulse from Henry Khederian

October 11, 2023 | 2:33 pm

EIS

FXI

USO

China's Middle East Special Envoy has stated that the top priority is to achieve an immediate ceasefire. This could potentially impact the stability of the region and consequently, the global markets.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 2:17 pm

BIDU

BIRK

COST

GOOG

GSK

HUM

LVMHF

MGM

MNKTQ

NVO

QABSY

TPST

WBA

Several companies are in the news for various reasons. Alphabet and Discord are facing ethical concerns over Google's AI chatbot, Bard. MGM Resorts snubbed hackers' ransom demands after a cyberattack. Costco is accused of sharing confidential health data with Meta Platforms. Humana has appointed a new CEO. Novo Nordisk has stopped a kidney trial due to early signs of efficacy. Walgreens has appointed a new CEO. GSK has settled a lawsuit. LVMH reported a 9% organic revenue growth in Q3. Qantas Airways is overhauling its board. Tempest Therapeutics' stock soared after positive results from a clinical trial. Tech giants Baidu, Huawei, and Alibaba are setting standards for autonomous driving in China. Blackstone is in talks to acquire a stake in Disney's Indian subsidiary. Mallinckrodt's bankruptcy plan was approved. Birkenstock has priced its IPO.

Portfolio Pulse from Vandana Singh

October 11, 2023 | 1:36 pm

ZIM

ZIM Integrated Shipping Services has announced that its operations and services in Israel are continuing without interruptions. However, the company warned that service interruptions may occur on short notice due to safety guidelines by the Israeli authorities.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:34 pm

EIS

META

VGK

The EU's tech regulator has warned Meta Platforms Inc's CEO Mark Zuckerberg over a surge in disinformation, particularly related to the Israel-Hamas conflict. The regulator has expressed concerns over the company's ability to manage and control such content.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:06 pm

EIS

The conflict between Israel and Hamas is escalating, with international actors becoming involved. Hezbollah, an Iranian-backed militia, has launched missiles from Lebanon, and the head of the Kataib Hezbollah militia has threatened to target American bases if the US intervenes. US Secretary of State Antony Blinken is due to visit Israel to express support, and the US has delivered advanced ammunition to Israel. Treasury Secretary Janet Yellen has suggested that further sanctions on Iran may be imposed. The Israeli shekel has weakened by 0.2%, and the iShares MSCI Israel ETF (NYSE:EIS) fell 0.9% on Wednesday.

Portfolio Pulse from Piero Cingari

October 11, 2023 | 1:03 pm

EGPT

EIS

SPY

Egypt has discussed with the U.S. its plans to provide aid through its border with Gaza under a limited ceasefire, according to Egyptian security sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:00 pm