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Stock Prices

MSFT

Microsoft's stock is rising after the company announced a 10% increase in its quarterly dividend and a new $60 billion share repurchase program. The dividend will be payable on Dec. 12, and the buyback program has no expiration. Microsoft has $75.5 billion in cash and investments as of June 30.

Portfolio Pulse from Adam Eckert

September 17, 2024 | 1:26 pm

MSTR

MicroStrategy Inc (NASDAQ:MSTR) has significantly increased its Bitcoin holdings, now valued at $9.45 billion, by purchasing $1.11 billion worth of Bitcoin recently. The company's stock has surged due to its Bitcoin strategy, but technical indicators suggest potential short-term weakness. Despite long-term bullishness, investors should be cautious of a possible pullback.

Portfolio Pulse from Surbhi Jain

September 17, 2024 | 1:24 pm

IEZ

OIH

SLB

Schlumberger (SLB) has launched the Lumi data and AI platform, enhancing AI integration across the energy value chain. This platform aims to improve collaboration, decision-making, and efficiency in energy operations. SLB shares are trading higher following the announcement.

Portfolio Pulse from Lekha Gupta

September 17, 2024 | 1:23 pm

BA

Elon Musk's SpaceX is succeeding with private spacewalks while Boeing faces challenges, including a strike and issues with its Starliner spacecraft. Boeing has frozen hiring and is considering furloughs, while SpaceX will rescue stranded NASA astronauts.

Portfolio Pulse from Rounak Jain

September 17, 2024 | 1:23 pm

AAPL

FXI

Apple's iPhone 16 is being sold at a discount in China due to cooled demand as consumers await AI features. E-commerce platforms like Pinduoduo and Alibaba's Taobao are offering up to 11% off.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:22 pm

AAPL

Dan Niles suggests that Apple's AI features were expected to boost iPhone sales by over 10% year-over-year, but early indications show a 10% decline. The staggered AI rollout, especially in China, and similar promotion by US carriers may be factors.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:21 pm

SPY

The US Capacity Utilization Rate for August was reported at 78%, slightly above the estimated 77.9%.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:16 pm

SPY

US Industrial Production for August increased by 0.8%, surpassing the estimated 0.2% growth. This indicates a stronger-than-expected performance in the industrial sector.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:15 pm

AAPL

Chinese online retailers have started offering discounts on the iPhone 16 ahead of its official release, indicating a potential cooling in demand due to AI-related delays. This could impact Apple's pricing strategy and sales in China.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:14 pm

RENB

RenovaroCube's AI platform, evaluated by PersonalAIze, shows promise in early cancer detection. The assessment was led by AI experts Mark Hoogendoorn and Sandjai Bhulai, highlighting the platform's potential in healthcare applications.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:12 pm