Streetbeat News

Security

PLTR

Shares of Palantir Technologies Inc (NYSE:PLTR) are trading higher amid conflict in the Middle East. The company provides software for security and surveillance purposes, and in a conflict situation, there might be a heightened focus on monitoring and analyzing data related to security threats, which could lead to increased demand for Palantir's products. Palantir also has contracts with various government agencies and defense organizations around the world, which may have an increased need for Palantir's software in times of conflict.

Portfolio Pulse from Henry Khederian

October 09, 2023 | 3:00 pm

EIS

SPY

USO

The Israeli Defense Forces (IDF) announced on CNN that they are currently striking Lebanese territory. No specific reasons or targets were mentioned.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 2:46 pm

EIS

EWU

SPY

USO

VGK

UK Foreign Minister Cleverly commented on the Israel attacks, stating that nobody wants the conflict to spread to other parts of the region. He did not provide numbers on British casualties and refused to speculate.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 2:45 pm

DAL

Delta Air Lines, Inc. (NYSE:DAL) shares are trading lower due to the ongoing Israel-Hamas conflict. The conflict has led to U.S. airlines, including Delta, suspending flights to Israel, causing a significant loss of revenue. The geopolitical conflict can also affect the overall health of the airline industry, including changes in consumer sentiment, fluctuations in oil prices, and disruptions in global trade.

Portfolio Pulse from Henry Khederian

October 09, 2023 | 2:44 pm

RCL

Royal Caribbean Cruises Ltd (NYSE:RCL) shares are trading lower due to the Israel-Hamas conflict. The conflict has led to travel uncertainties, potentially causing a surge in booking cancellations and a decline in revenue for Royal Caribbean. Ports in the Mediterranean and surrounding areas may also be impacted, leading to additional costs and passenger dissatisfaction.

Portfolio Pulse from Henry Khederian

October 09, 2023 | 2:43 pm

ETHUSD

Crypto exchange HTX, affiliated with Huobi Global, has recovered assets stolen by a hacker in September. The hacker stole 5,000 Ether (ETH), valued at around $8 million, from one of HTX's active wallets. HTX offered a 5% reward, equivalent to roughly $400,000, for the return of the stolen funds, promising no subsequent legal actions. The hacker returned the funds and was rewarded.

Portfolio Pulse from Murtuza Merchant

October 09, 2023 | 2:21 pm

TEVA

Teva Pharmaceutical Industries Ltd's (TEVA) shares are trading lower by 2.7% due to the ongoing conflict in Israel, the company's home country. The conflict could lead to economic disruptions, reduced consumer spending, or changes in government priorities, potentially impacting Teva's sales and profitability. TEVA has a 52-week high of $11.44 and a 52-week low of $7.08.

Portfolio Pulse from Henry Khederian

October 09, 2023 | 2:18 pm

CCL

Carnival Corp's stock is trading lower due to the ongoing Israel-Hamas conflict, which has caused travel uncertainty and led to U.S. airlines suspending flights to Israel. This situation disrupts the travel ecosystem, potentially making it more difficult for cruise passengers to reach departure points, leading to reduced bookings and lower revenues for Carnival. The instability in the region may deter tourists from planning trips to the Eastern Mediterranean, where Carnival operates routes.

Portfolio Pulse from Henry Khederian

October 09, 2023 | 2:17 pm

EIS

SPY

USO

Rocket sirens were heard in Jerusalem, according to a Reuters witness. The news may have implications for ETFs such as EIS (iShares MSCI Israel ETF), SPY (SPDR S&P 500 ETF Trust), and USO (United States Oil Fund).

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 2:05 pm

RCL

Royal Caribbean Group is adjusting several itineraries in the Middle East due to the ongoing military conflict in the region. The company is directly notifying the impacted guests.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 1:57 pm