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DMTK

California Governor Newsom has signed SB496 into law, which is expected to benefit DermTech (DMTK). The company has DMT with Medicare coverage but is awaiting private coverage. The news was circulated by Craig Hallum.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 3:48 pm

STM

STMicroelectronics Inc. (NYSE:STM) shares are trading at $44.09, after a 1.65% decrease. Over the past month, the stock fell by 0.32%, but over the past year, it increased by 41.99%. The company's P/E ratio is lower than the aggregate P/E of the Semiconductors & Semiconductor Equipment industry, indicating that the stock might be undervalued.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 3:45 pm

GPAK

Gamer Pakistan's IPO shares have started trading at $4.20 per share, which is higher than the initial pricing of $4 per share.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 3:38 pm

GPAK

Gamer Pakistan, a gaming company, has opened its Initial Public Offering (IPO) shares for trade.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 3:37 pm

STLA

TSLA

VWAGY

Tesla Inc.'s Berlin facility workers are expressing concerns about safety issues and intense working conditions, as reported by the German union, IG Metall. The employees' grievances include challenging work environments, high work demands due to understaffing, and aggressive production goals. IG Metall has seen an increase in Tesla employees joining them. The auto sector is experiencing growing demands from its workforce for better salaries and job stability, especially as the industry transitions to electric vehicles (EVs). Tesla's shares are trading lower by 2.53% at $253.88.

Portfolio Pulse from Shivani Kumaresan

October 09, 2023 | 3:35 pm

DIA

IWM

QQQ

SPY

Major indexes are experiencing a downturn due to the ongoing Israel-Hamas conflict, which has increased geopolitical uncertainty.

Portfolio Pulse from Bill Haddad

October 09, 2023 | 3:34 pm

AAPL

AMZN

BTCUSD

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The ongoing conflict in the Middle East, particularly the bloodshed in Israel and Gaza, is having broad implications for investors. The SPDR S&P 500 ETF Trust (NYSE:SPY) has pulled back to the bottom band of the top support zone due to the conflict. The stock market is assuming that the conflict will be contained to Gaza, but investors are urged to consider the potential for a wider conflict. The Arora Report suggests that Iran may have masterminded the attack on Israel, and if Iran were to block the Strait of Hormuz, oil prices could skyrocket. The conflict has also disrupted Biden's security plan and his reelection strategy. In early trade, money flows are negative in several major tech companies, including Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

October 09, 2023 | 3:33 pm

TYGO

Tigo Energy's shares are trading lower following the company's announcement of preliminary Q3 revenue below prior estimates.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 3:32 pm

AMD

A significant amount of unusual options activity has been detected for Advanced Micro Devices (AMD), with a bearish stance being taken by a majority of investors. Of the spotted trades, 56% were bearish and 44% bullish. The whales have been targeting a price range from $50.0 to $115.0 for AMD over the last 3 months. The current price of AMD is down -1.14% at $106.02.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 3:30 pm

A significant bearish stance has been taken on Goldman Sachs Gr (NYSE:GS) by a large investor or institution, as indicated by a large position in options. The sentiment among these big-money traders is split between 32% bullish and 67% bearish. The whales have been targeting a price range from $260.0 to $350.0 for Goldman Sachs Gr over the last 3 months. The price of GS is currently down -1.11% at $309.0. Analysts from Oppenheimer, Morgan Stanley, Citigroup, and JMP Securities have maintained their ratings on GS, with price targets ranging from $329 to $450.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 3:30 pm