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HCM

HUTCHMED announced that the combination of TAGRISSO and ORPATHYS showed clinically meaningful responses in lung cancer patients with high MET overexpression or amplification in the SAVANNAH Phase II trial. This combination targets MET-driven resistance in EGFR-mutated lung cancer.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 4:58 am

AAPL

Apple Inc. has unveiled an upgraded iPad Mini, featuring a new A17 Pro chip, faster CPU and GPU, and enhanced AI capabilities. The device is available for pre-order with a starting price of $499 and will be released on October 23. This marks the first significant update to the iPad Mini since 2021.

Portfolio Pulse from Ananya Gairola

October 16, 2024 | 4:23 am

LTC

Litecoin surged over 7% after Canary Capital filed for a spot ETF tracking its price, marking it as the market's biggest gainer. The filing has increased trading volume by 149%, pushing Litecoin to its highest value in two and a half months.

Portfolio Pulse from Aniket Verma

October 16, 2024 | 4:19 am

ARKB

Ark Invest, led by Cathie Wood, has expressed strong belief in Ethereum's potential to transform the financial services industry. The firm views Ethereum as an institutional-grade asset with yield-bearing potential, likening its attributes to U.S. Treasury bills. Despite withdrawing from launching an Ethereum ETF, Ark Invest continues to explore ways to expose investors to Ethereum technology.

Portfolio Pulse from Aniket Verma

October 16, 2024 | 4:04 am

AMD

MRNA

Cathie Wood's Ark Invest sold $1.28M worth of Block Inc. shares despite Bitcoin's rally and Block's positive Q2 results. Ark also made trades involving Tempus AI, Blade Air Mobility, Materialise, AMD, and Moderna.

Portfolio Pulse from Benzinga Neuro

October 16, 2024 | 3:31 am

TSLA

Elon Musk announced the global launch of Tesla's Semi truck, despite skepticism about its 500-mile range and autonomous features. Recent tests are validating Tesla's claims, and mass production is set to begin with plans to scale up by 2025. The launch comes amid scrutiny from a recent crash investigation.

Portfolio Pulse from Benzinga Neuro

October 16, 2024 | 3:01 am

NVDA

Bitcoin continues its upward trend, reaching over $67,000, while stocks, including Nvidia, experience a decline. Analysts suggest Bitcoin could rise to $71,000, driven by factors like election predictions and whale activity.

Portfolio Pulse from Aniket Verma

October 16, 2024 | 2:59 am

ASML

DJT

TSLA

UAL

WBA

ASML, Walgreens, Trump Media, United Airlines, and Tesla were notable stocks on Tuesday. ASML dropped due to an early earnings release and revised guidance. Walgreens rose on strong sales, Trump Media fell after a new service launch, United Airlines saw slight gains on earnings, and Tesla had a marginal increase amid Bitcoin speculation.

Portfolio Pulse from Benzinga Neuro

October 16, 2024 | 2:43 am

AAPL

ASML

MSFT

NVDA

Nvidia, Apple, and Microsoft are in a competitive race to reach a $4 trillion market cap, with a potential 20% surge in tech stocks by 2025 driven by the AI revolution. Analyst Dan Ives predicts these companies will lead the tech bull market.

Portfolio Pulse from Benzinga Neuro

October 16, 2024 | 1:44 am

TSLA

Tesla has reportedly transferred nearly all of its Bitcoin holdings, worth $760 million, to unknown wallets, raising speculation about a potential offload of its cryptocurrency assets. The move comes after Tesla's Bitcoin holdings remained unchanged since Q4 2022.

Portfolio Pulse from Aniket Verma

October 16, 2024 | 1:32 am