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HOOD

VGK

Robinhood is considering listing crypto futures in the US and Europe, according to Bloomberg. This move could expand its offerings and attract more users interested in cryptocurrency trading.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 2:30 pm

STAA

Traders are closely monitoring STAAR Surgical (STAA) due to unconfirmed blog comments suggesting that a European group is rumored to be interested in acquiring the company.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 2:29 pm

SPY

Federal Reserve Chairman Jerome Powell stated that most people do not expect a return to ultra-low interest rates, but the future remains uncertain. This statement could impact market sentiment and investor expectations regarding interest rates and economic conditions.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 2:17 pm

UBER

Uber is launching Uber Boat services across Europe this summer to meet rising demand in tourist hotspots. Last summer, Uber had 6.5 million international users, including 800,000 in Ibiza. Additionally, Uber Yacht will be available in Ibiza from August 2024, offering luxurious yacht rentals.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 2:16 pm

BA

GE

ITA

NETZ

GE Aerospace has extended CEO Larry Culp's tenure until the end of 2027, with an option for an additional one-year extension. Culp's leadership has significantly reduced GE's debt and increased its market capitalization. GE's stock has gained over 85% in the last 12 months. Investors can gain exposure to GE via IShares U.S. Aerospace & Defense ETF (ITA) and TCW Transform Systems ETF (NETZ).

Portfolio Pulse from Lekha Gupta

July 02, 2024 | 2:16 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the U.S. budget deficit is very large and unsustainable, emphasizing the need for it to be addressed sooner rather than later.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 2:14 pm

ABBV

AZN

NVO

REGN

Shares of pharmaceutical stocks are trading lower after President Biden called on Novo Nordisk to cut prices for Ozempic and Wegovy.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 2:12 pm

SIDU

Sidus Space, Inc. (NASDAQ:SIDU) and NASA Stennis Space Center successfully completed the primary objectives of the NASA ASTRA payload mission on July 1, 2024. This milestone marks significant progress in the development of autonomous systems for aerospace applications.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 2:08 pm

BEEM

Beam Global shares are trading higher following the company's announcement of a year-over-year increase in Q2 new orders.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 2:07 pm

IAC

PARA

Paramount Global (NASDAQ:PARA) shares are trading higher after reports that billionaire Barry Diller is exploring a bid to take control of the company through IAC Inc. (NASDAQ:IAC). Diller's interest follows the collapse of Paramount's near-deal with Skydance. The nondisclosure agreements between IAC and National Amusements, Paramount’s controlling shareholder, indicate serious negotiations. Other potential acquirers include Edgar Bronfman Jr. and Steven Paul. Acquiring National Amusements would grant control over Paramount and its valuable assets but also entails substantial liabilities.

Portfolio Pulse from Nabaparna Bhattacharya

July 02, 2024 | 2:05 pm