Streetbeat News

Stock Prices

ERX

FENY

IAT

KBE

KRE

RWR

SCHH

USRT

XLE

Bank of America highlights real estate, financials, and energy as value sectors benefiting from the Fed's dual stimulus of rate cuts and rising corporate profits. ETFs like USRT, SCHH, RWR, KRE, IAT, KBE, ERX, FENY, and XLE are notable performers in these sectors.

Portfolio Pulse from Kaustubh Bagalkote

October 01, 2024 | 9:50 am

Ford Motor Co is offering free home chargers for customers who buy or lease a new electric Ford vehicle in the U.S. until January 2, 2025. This initiative aims to encourage EV adoption by addressing home charging concerns. Ford's EV segment is facing financial challenges, with significant losses expected this year.

Portfolio Pulse from Anan Ashraf

October 01, 2024 | 9:47 am

ITA

LMT

MISL

RTX

RTX Corporation's Pratt & Whitney has secured a $1.3 billion contract for the F135 Engine Core Upgrade, enhancing F-35 capabilities. This contract is expected to improve engine durability and power. Additionally, RTX's Raytheon has delivered a sensor payload for the U.S. Space Force's satellite project. RTX shares saw a slight increase in premarket trading.

Portfolio Pulse from Lekha Gupta

October 01, 2024 | 9:37 am

HOOD

Robinhood Markets Inc. has launched crypto transfers for European customers, allowing transactions in over 20 cryptocurrencies including Bitcoin, Ethereum, and Solana. The company offers a 1% deposit match for a limited time and emphasizes security features. This move is part of Robinhood's strategy to expand its cryptocurrency operations.

Portfolio Pulse from Kaustubh Bagalkote

October 01, 2024 | 9:36 am

TSLA

Morgan Stanley analyst Adam Jonas suggests Tesla may enter the aviation sector, potentially boosting its stock price significantly. Elon Musk's comments on electrified transport hint at this possibility. Tesla's current focus is on AI, robotics, and autonomy, with a robotaxi unveiling scheduled for October 10.

Portfolio Pulse from Anan Ashraf

October 01, 2024 | 7:58 am

AYI

CCL

EMKR

MKC

NKE

The S&P 500 recorded its first positive September since 2019, with a 2% gain, amid improving investor sentiment as the CNN Money Fear and Greed index moved to 'Extreme Greed'. Carnival Corporation reported better-than-expected earnings, and EMCORE Corporation's shares surged 83% following an acquisition offer. Investors are awaiting earnings from Acuity Brands, McCormick & Company, and NIKE.

Portfolio Pulse from Avi Kapoor

October 01, 2024 | 7:35 am

KURA

Kura Oncology's KOMET-001 Phase 1 study on ziftomenib for AML patients shows promising results, now published in The Lancet Oncology. The study highlights the drug's efficacy and safety, offering hope for better treatment options in relapsed/refractory AML.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:24 am

OBE

Obsidian Energy has increased its 2024 production guidance by 15% while cutting capital spending by $15 million. The company plans to reallocate funds towards share buybacks and debt reduction, despite a minor impact on production. This decision is expected to improve financial metrics and provide greater shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:21 am

ELS

Equity LifeStyle Properties reports minimal impact from Hurricane Helene on its properties in Florida, North Carolina, and South Carolina. No injuries were reported, and the company is assessing cleanup costs. They believe insurance will cover most expenses, and the hurricane is not expected to significantly impact financial results.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:11 am

Li Auto Inc. reported a significant increase in vehicle deliveries for September 2024, with a 48.9% year-over-year growth, totaling 53,709 vehicles. The company's third-quarter deliveries rose by 45.4% year-over-year, reaching 152,831 vehicles.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:06 am