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SPY

President Biden announced he will address the nation on Thursday regarding the economy, highlighting a significant moment where inflation and interest rates are declining while the economy remains robust.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:32 pm

CVNA

Carvana Co. shares (NYSE:CVNA) surged following a larger-than-expected 50 basis point rate cut by the Federal Reserve, which boosted overall market sentiment. The Fed's decision marked the first rate reduction in over four years, surprising analysts who expected a smaller cut. The Fed's updated projections indicate a more aggressive path for future rate cuts.

Portfolio Pulse from Vaishali Prayag

September 18, 2024 | 7:30 pm

TSLA

Tesla shares rose following the Federal Reserve's interest rate cut and developments related to the Cybertruck. The Fed's decision to cut rates by 50 basis points has impacted various markets, including a rise in Tesla's stock. Additionally, Tesla's Cybertruck has been in the spotlight due to engineering advisories, legal actions, and celebrity engagements.

Portfolio Pulse from Vaishali Prayag

September 18, 2024 | 7:30 pm

SPY

Jeffrey Gundlach from Doubleline Capital commented on a CNBC interview that Federal Reserve Chair Jerome Powell admitted there is something artificial about job numbers. Gundlach also noted that current data supports Powell's remark that the economy isn't showing significant stress.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:29 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are stabilizing after the Federal Reserve's 50 basis points rate cut, which is seen as bullish for risk assets like Bitcoin. Bitcoin ETFs are buying more than 100% of newly mined BTC, and traders are optimistic about a potential bull market resumption if Bitcoin closes above $61,500.

Portfolio Pulse from Khyathi Dalal

September 18, 2024 | 7:27 pm

SPY

Jeffrey Gundlach from Doubleline Capital expressed in a CNBC interview that the long end of the bond market is not in favor of aggressive easing by the Federal Reserve. This suggests potential impacts on interest rate expectations and bond yields.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:26 pm

SPY

Jeffrey Gundlach from Doubleline Capital suggests that the long end of the bond market is not in favor of aggressive easing by the Federal Reserve. He anticipates that the Fed will have more room to cut rates by 50 basis points in November after the election, and believes the Fed is not as behind the curve as before.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:26 pm

SPY

VOO

VTI

The article compares two major U.S. stock market ETFs, VOO and VTI, in light of potential interest rate cuts by the Federal Reserve. VOO tracks the S&P 500 Index, while VTI tracks the broader CRSP U.S. Total Market Index, including small-cap stocks. Historically, rate cuts have benefited small-cap stocks, suggesting VTI might see increased inflows. Both ETFs have low expense ratios and have shown different performance metrics over various time frames.

Portfolio Pulse from Chris Katje

September 18, 2024 | 7:24 pm

SPY

The news conference held by Fed Chair Powell has concluded. The event may have implications for the SPDR S&P 500 ETF Trust (SPY), as it often reacts to Federal Reserve announcements.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:21 pm

AZN

BGNE

JNJ

JMP Securities initiated coverage on BeiGene Ltd (NASDAQ:BGNE), highlighting its flagship drug Brukinsa as a potential market leader in the BTK inhibitor sector. Analyst Reni Benjamin projects Brukinsa to capture 55% of the market by 2031, with significant revenue growth expected. Despite challenges in the Chinese market, BeiGene's strong sales force has driven substantial revenue growth.

Portfolio Pulse from Vandana Singh

September 18, 2024 | 7:20 pm