Streetbeat News

Stock Prices

DRI

FDS

NVDA

QQQ

SOXX

SPY

TSLA

USO

Wall Street saw record highs as the Federal Reserve cut interest rates by 50 basis points. Tesla and NVIDIA led a tech rally, with Tesla hitting a two-month high. The iShares Semiconductor ETF erased September losses, and commodities and cryptocurrencies also rose.

Portfolio Pulse from Piero Cingari

September 19, 2024 | 4:51 pm

HIMS

NVO

Hims & Hers Health, Inc. (NYSE:HIMS) has launched a Service Appreciation Initiative offering compounded GLP-1 weight loss medications for $99/month to certain professional personnel. This move could impact the market for weight loss drugs, including those by Novo Nordisk A/S (NYSE:NVO), which are priced significantly higher.

Portfolio Pulse from Vandana Singh

September 19, 2024 | 4:50 pm

BKR

CNQ

ENG

EQT

FANG

FTI

SLB

TPL

WDS

Oil and gas stocks are rising due to increased oil prices following a Fed rate cut and Middle East tensions potentially affecting supply.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 4:49 pm

IWM

The Federal Reserve's pro-growth stance, characterized by rate cuts, is expected to boost U.S. small-cap stocks, according to Sean Gallagher of Lazard. The iShares Russell 2000 ETF (IWM) saw a volatile reaction to a recent rate cut but is projected to have significant upside. Gallagher anticipates further rate cuts, which could benefit small caps and the biotech sector.

Portfolio Pulse from Piero Cingari

September 19, 2024 | 4:45 pm

BELT

IYG

MA

Mastercard and Safaricom have partnered to enhance cross-border payments and merchant growth in Kenya, leveraging M-PESA's network and Mastercard's infrastructure. Despite this positive development, Mastercard's stock is trading slightly lower.

Portfolio Pulse from Nabaparna Bhattacharya

September 19, 2024 | 4:40 pm

EWTX

FDS

HAO

MBLY

PGNY

SGN

VVOS

U.S. stocks rose significantly, with the Dow Jones up over 500 points. FactSet Research Systems reported strong earnings, beating expectations. Edgewise Therapeutics, Signing Day Sports, and Mobileye Global saw notable stock increases, while Haoxi Health Technology, Progyny, and Vivos Therapeutics experienced declines.

Portfolio Pulse from Avi Kapoor

September 19, 2024 | 4:39 pm

BNO

USO

Oil prices are rising as a result of the Federal Reserve's rate cut, which is expected to boost demand outlook.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 4:36 pm

WYNN

Wynn Resorts has agreed to pay $70 million to settle claims related to misconduct allegations. This settlement is significant for investors as it resolves ongoing legal issues that could have impacted the company's financial standing.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 4:36 pm

XCHG

XCHG Limited shares were halted due to a circuit breaker as the stock plummeted by 55.9%.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 4:32 pm

IBM

Kevin Simpson announced on CNBC that he has purchased more shares of International Business Machines (IBM). This move indicates confidence in IBM's future performance.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 4:26 pm