Streetbeat News

Stock Prices

ACI

KR

Kroger and Albertsons shares fell after the FTC presented closing arguments to block their proposed merger. The FTC argues the merger would reduce competition and raise prices, while the companies claim it would lower prices and boost jobs.

Portfolio Pulse from Erica Kollmann

September 17, 2024 | 8:41 pm

DIA

ENPH

HPE

IWM

MRNA

QQQ

SPY

The S&P 500, tracked by SPDR S&P 500 ETF Trust (SPY), hit record highs ahead of the Fed's interest rate decision, marking a 7-day winning streak. The Invesco QQQ Trust (QQQ) and SPDR Dow Jones Industrial Average ETF (DIA) closed flat, while iShares Russell 2000 ETF (IWM) rose 0.8%. Market expectations for the Fed's rate cut are mixed, with a 65% chance of a 50-basis-point cut. Enphase Energy, Hewlett Packard Enterprise, and Moderna were among the top gainers.

Portfolio Pulse from Piero Cingari

September 17, 2024 | 8:37 pm

CGBS

Crown LNG Holdings Limited received a notification from Nasdaq for not meeting the minimum bid price requirement of $1.00 per share for 30 consecutive business days. This does not immediately affect its Nasdaq listing.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 8:36 pm

USO

A coordinated attack in Lebanon involving exploding Hezbollah pagers has resulted in numerous casualties. The U.S. claims no prior knowledge of the attack, which Hezbollah blames on Israel. The incident has heightened tensions in the ongoing conflict between Israel and Hezbollah, impacting markets such as the United States Oil Fund (USO), which saw a price increase.

Portfolio Pulse from Anthony Noto

September 17, 2024 | 8:30 pm

CRBP

GNLN

GRWG

UGRO

XXII

YCBD

On September 17, 2024, several marijuana stocks experienced significant price movements. Notable gainers included Leafbuyer Techs, Nextleaf Solutions, and GrowGeneration, while losers included Belgravia Hartford Cap and 22nd Century Group.

Portfolio Pulse from Benzinga Insights

September 17, 2024 | 8:30 pm

ME

23andMe shares are experiencing a decline following the resignation of independent directors from the company's Board.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 8:28 pm

ME

Independent directors of 23andMe's board have expressed concerns over the lack of progress on CEO Anne Wojcicki's proposal and strategic differences regarding the company's future direction.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 8:28 pm

ME

23andMe announced that its independent directors have tendered their resignations, effective immediately. This sudden change in the board could impact the company's governance and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 8:27 pm

AEHL

DHI

LEN

PHM

SPY

TGLS

TILE

Homebuilder and building product stocks are expected to benefit from potential Federal Reserve rate cuts, with historical trends showing outperformance in anticipation of such cuts. Stocks like Pulte Group, D.R. Horton, Lennar, and others have already seen gains, while the S&P 500 has had a modest increase.

Portfolio Pulse from Michael Juliano

September 17, 2024 | 8:22 pm

DXF

The NYSE American has initiated delisting proceedings against Dunxin Financial, a move that could significantly impact the company's stock and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 8:16 pm