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ARKK

PLTR

Cathie Wood's Ark Invest sold a significant portion of its stake in Palantir Technologies, despite its recent inclusion in the S&P 500 and an extended AI alliance with APA Corporation. The ARK Innovation ETF offloaded 62,809 shares, valued at approximately $2.33 million. This move suggests a strategic shift in Ark Invest's approach towards Palantir.

Portfolio Pulse from Benzinga Neuro

September 26, 2024 | 2:49 am

F

GM

Cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, saw a decline as auto stocks like Ford and General Motors were downgraded, impacting equities. Bitcoin's support level is crucial, with potential to fall to $60,365 if it doesn't hold. Auto stocks fell due to Morgan Stanley's downgrade.

Portfolio Pulse from Aniket Verma

September 26, 2024 | 2:38 am

MSFT

OpenAI is transitioning from a non-profit to a for-profit benefit corporation, potentially valuing the company at $150 billion. CEO Sam Altman may receive equity, and the restructuring could impact AI risk management. Microsoft, an investor, may be affected by these changes.

Portfolio Pulse from Ananya Gairola

September 26, 2024 | 2:21 am

COST

DKNG

META

MU

TSLA

Meta Platforms, DraftKings, Costco, Micron Technology, and Tesla are gaining attention from investors due to recent developments. Meta announced new products, DraftKings benefited from positive sector guidance, Costco is expected to discuss its membership fee increase, Micron beat revenue estimates, and Tesla is returning to the Paris Motor Show.

Portfolio Pulse from Benzinga Neuro

September 26, 2024 | 2:04 am

GK

ITB

LEN

NAIL

US single-family home sales fell 4.7% in August from July but rose 9.8% year-over-year. Mortgage rates declined, with the 30-year rate at a two-year low. Lennar Corporation, iShares U.S. Home Construction ETF, and Direxion Daily Homebuilders & Supplies Bull 3X Shares saw stock declines, while AdvisorShares Gerber Kawasaki ETF saw a slight increase.

Portfolio Pulse from Michael Juliano

September 25, 2024 | 10:40 pm

AMZN

PDD

WMT

BofA Securities anticipates strong online spending this holiday season, with Amazon and Walmart well-positioned to benefit. Consumers are focused on value, with 52% planning to increase online spending. Walmart leads in online groceries, while Amazon sees high spending intentions.

Portfolio Pulse from Erica Kollmann

September 25, 2024 | 10:12 pm

LLY

Eli Lilly is taking action against compounding pharmacies selling knockoff weight loss drugs, citing safety concerns. The company is seeking medical records to build a case against these businesses. Eli Lilly's stock has soared due to high demand for its weight loss drugs, despite supply constraints.

Portfolio Pulse from Chris Katje

September 25, 2024 | 10:01 pm

NVO

Novo Nordisk A/S (NYSE:NVO) products are not only aiding in weight loss and diabetes control but may also help treat addiction. The stock has shown strong support at the $123 level, driven by trader psychology, including seller's remorse and buyer's anxiety, which can lead to price rallies.

Portfolio Pulse from Mark Putrino

September 25, 2024 | 9:47 pm

ASNS

Actelis Networks has entered into an at-market offering agreement, allowing it to issue and sell shares of common stock up to $3.4 million over time.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 9:30 pm

UBS

UBS Group AG (NYSE:UBS) has significantly outperformed the market over the past five years, delivering an average annual return of 21.91%. A $100 investment in UBS five years ago would now be worth $265.25, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 9:30 pm