Streetbeat News

Stock Prices

SPY

DoubleLine Capital's Jeffrey Gundlach predicts 150 basis points of interest rate cuts within a year and recommends 2-year, 3-year, and 5-year Treasurys as safe investments.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:32 pm

IMNN

Imunon Inc (NASDAQ:IMNN) shares dropped by 61% to $1.30 after announcing a $10 million registered direct offering of 5 million shares of common stock with unregistered warrants at $2 per unit. The offering aims to raise $10 million in gross proceeds and is expected to close around August 1. The proceeds will be used for working capital and general corporate purposes.

Portfolio Pulse from Henry Khederian

July 31, 2024 | 7:32 pm

SPY

Jeffrey Gundlach of DoubleLine Capital suggests that the Federal Reserve has room to cut short-term interest rates and believes they should have made a cut today.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:31 pm

USO

Oil prices are trading higher due to escalating tensions between Israel and Iran.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:29 pm

AMD

LRCX

Lam Research Corporation (NASDAQ:LRCX) shares are trading higher by 6.35% to $909.14, driven by strong earnings from Advanced Micro Devices, Inc. (NASDAQ:AMD) and potential new Biden administration rules on foreign chip equipment exports to China.

Portfolio Pulse from Henry Khederian

July 31, 2024 | 7:28 pm

EIS

ISRA

SPY

Iran's Supreme Leader Ayatollah Ali Khamenei has ordered a direct attack on Israel in response to the assassination of Ismail Haniyeh, according to three Iranian sources reported by The New York Times.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:27 pm

SYTA

Siyata Mobile Inc (NASDAQ:SYTA) shares dropped by 27.9% to $0.28 after announcing a 1-for-18 reverse stock split to meet Nasdaq's $1.00 minimum bid price requirement. The stock will trade on a post-split basis under the same symbol 'SYTA'.

Portfolio Pulse from Henry Khederian

July 31, 2024 | 7:22 pm

LUMN

MSFT

Lumen Technologies (NYSE:LUMN) shares are trading higher due to an upcoming earnings release and a new partnership with Microsoft (NASDAQ:MSFT). Analysts expect a loss of six cents per share and revenue of $3.24 billion for the quarter. The partnership aims to enhance Lumen's digital transformation and increase cash flow by over $20 million. Lumen's CFO will present at the Citi Global Technology, Media and Telecom Conference on September 4, 2024.

Portfolio Pulse from Dylan Berman

July 31, 2024 | 7:19 pm

SPY

Fed Chair Powell concluded a press conference where he discussed the current economic outlook and potential future monetary policy actions. The market is closely watching for any hints on interest rate changes.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:18 pm

AMZN

Amazon shares are trading higher ahead of its second-quarter earnings report, with analysts predicting robust growth. Amazon Web Services (AWS) is expected to grow at 18% year-over-year, and Goldman Sachs has raised its 2025 GAAP operating income estimate for Amazon.

Portfolio Pulse from Vaishali Prayag

July 31, 2024 | 7:17 pm