Streetbeat News

Stock Prices

CAT

Caterpillar Inc. (NYSE:CAT) experienced a significant Power Inflow, indicating a potential uptrend in its stock price. This event, driven by institutional activity, led to a 1.7% rise in the stock price, highlighting the importance of order flow analytics for traders.

Portfolio Pulse from Finit

October 14, 2024 | 11:07 pm

TCNNF

TSLA

An organization linked to Elon Musk has donated $500,000 to oppose Florida's cannabis legalization amendment, while the campaign supporting it has raised over $100 million. The amendment will be voted on in November, with recent polls showing 58% support, just shy of the 60% needed to pass.

Portfolio Pulse from Maureen Meehan

October 14, 2024 | 11:04 pm

UCO

USO

Oil prices fell after Israeli PM Netanyahu indicated military targets in Iran would be struck, avoiding oil or nuclear sites. This decision aims to prevent political interference in U.S. elections and avoid raising energy prices. The United States Oil Fund (USO) and ProShares Ultra Bloomberg Crude Oil (UCO) both saw declines following the news and OPEC's reduced oil demand forecasts.

Portfolio Pulse from Erica Kollmann

October 14, 2024 | 10:40 pm

ALL

IAK

KBWP

KIE

PGR

TRV

Moody's Risk Management Solutions has significantly increased its estimated insured losses from Hurricanes Milton and Helene to between $35 billion and $55 billion, nearly quadruple the initial estimate. This has major implications for insurance companies operating in Florida, including Allstate, Travelers, and Progressive, as well as Florida-only carriers. ETFs tracking insurance companies, such as SPDR S&P Insurance ETF, iShares U.S. Insurance ETF, and Invesco KBW Property & Casualty Insurance ETF, showed positive performance.

Portfolio Pulse from Anthony Noto

October 14, 2024 | 10:24 pm

TSLA

Tesla showcased its humanoid robot, Optimus, at the 'We, Robot' event, revealing that the robots were remotely assisted by humans. Despite some feeling misled by the lack of disclosure, analysts see potential in Optimus as a major financial contributor for Tesla.

Portfolio Pulse from Erica Kollmann

October 14, 2024 | 10:09 pm

SPY

UUP

Federal Reserve Governor Christopher J. Waller expressed caution over interest rate cuts due to disappointing inflation data, despite strong economic growth. The U.S. dollar index rose, and the S&P 500 index extended its record highs.

Portfolio Pulse from Piero Cingari

October 14, 2024 | 9:58 pm

INVO

INVO BioScience, Inc. (NASDAQ:INVO) shares surged after announcing a merger with NAYA Biosciences. The combined company will focus on fertility, oncology, and autoimmune diseases, and plans to rebrand as Naya Biosciences with a new ticker 'NAYA'.

Portfolio Pulse from Erica Kollmann

October 14, 2024 | 9:38 pm

NFLX

Netflix (NASDAQ:NFLX) has significantly outperformed the market over the past 15 years, with an annualized return of 36.11%. A $100 investment in Netflix 15 years ago would be worth $10,022.09 today. This highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 9:30 pm

EOG

EOG Resources (NYSE:EOG) has delivered an average annual return of 10.7% over the past 20 years, outperforming the market by 2.05% annually. A $1000 investment in EOG 20 years ago would be worth $7,702.94 today, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 9:30 pm

MPW

Medical Properties Trust (MPW) has released a letter to shareholders detailing the findings of an independent investigation into allegations made by short-seller Viceroy Research. The investigation found no evidence of wrongdoing by MPW, supporting the management's integrity and practices.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 9:22 pm