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Shares of U.S.-listed mortgage lenders have risen after U.S. regulators allowed Freddie Mac to buy second mortgages, potentially lowering borrowing costs against home equity. The Federal Housing Finance Authority (FHFA) approved a pilot program for Freddie Mac to buy up to $2.5 billion of second mortgages over 18 months.

Portfolio Pulse from Michael Juliano

June 24, 2024 | 11:06 pm

BAC

C

JPM

WFC

Shares of major U.S. banks rose modestly as the Federal Reserve indicated potential changes to its bank-capital overhaul, which could ease the burden on Wall Street lenders. The revisions may reduce the required capital increase from 16% to as low as 5%.

Portfolio Pulse from Michael Juliano

June 24, 2024 | 10:22 pm

FOX

FOXA

LYV

Tucker Carlson is embarking on a live tour featuring various conservative figures ahead of the 2024 presidential election. Despite Carlson's claim that the tour would sell out, tickets remain available. The tour is being facilitated by Live Nation Entertainment's Ticketmaster. Carlson's departure from Fox News and the subsequent tour come at a critical time for political commentary.

Portfolio Pulse from Chris Katje

June 24, 2024 | 10:06 pm

BTCUSD

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Cryptocurrency markets experienced a significant downturn, with Bitcoin falling below $60,000. Ethereum, Dogecoin, and other major cryptocurrencies also saw declines. Despite the drop, some analysts suggest this could be a buying opportunity, citing historical bullish trends in July.

Portfolio Pulse from Khyathi Dalal

June 24, 2024 | 9:49 pm

AXP

American Express (NYSE:AXP) has significantly outperformed the market over the past 15 years, delivering an average annual return of 16.56%. A $1000 investment in AXP 15 years ago would be worth $9,644.58 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 9:31 pm

IEX

IDEX (NYSE:IEX) has outperformed the market over the past 20 years with an average annual return of 11.73%, resulting in a $1000 investment growing to $8,930.13. The company currently has a market capitalization of $15.48 billion.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 9:30 pm

FRES

Fresh2 Group plans to change the ratio of its American Depositary Shares (ADS) to its Class A ordinary shares from 1 ADS representing 20 Class A shares to 1 ADS representing 200 Class A shares, effective on or about July 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 9:16 pm

AMAT

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INTC

MA

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META

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Goldman Sachs warns that the upcoming U.S. presidential election could significantly impact U.S. stocks, particularly those with international exposure. A Trump victory may lead to a stronger U.S. dollar and potential tariffs, which could negatively affect internationally-exposed stocks. Historical trends show domestically-focused stocks outperforming immediately after Trump's election but underperforming in the long term.

Portfolio Pulse from Piero Cingari

June 24, 2024 | 9:15 pm

NVDA

RXRX

Recursion Pharmaceuticals (NASDAQ: RXRX) shares surged on Monday following updated guidance and partnership updates at its Investor Day. The stock continued to rise after hours due to CEO Christopher Gibson's appearance on CNBC, where he discussed the company's advancements in AI-driven drug discovery, including a collaboration with NVIDIA (NASDAQ: NVDA).

Portfolio Pulse from Adam Eckert

June 24, 2024 | 9:12 pm

SWAG

Stran & Company received a notification from Nasdaq about non-compliance for continued listing. The company has engaged Marcum LLP as its new independent registered public accounting firm and plans to file Form 10-Q by August 20, 2024, to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 9:07 pm