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QQQ

SPY

David Roche warns that the Federal Reserve's 50-basis point rate cut could lead to market instability, as the U.S. economy is robust and does not require such low interest rates. Despite strong employment data, the rate cut may give a misleading impression of economic weakness.

Portfolio Pulse from Benzinga Neuro

October 07, 2024 | 10:57 am

SPY

USO

U.S. markets closed higher with the Dow reaching a record high, driven by a strong jobs report. Most S&P 500 sectors gained, while real estate and utilities fell. Crude oil prices rose by 2.5%. Asian markets showed mixed results, and European markets were mostly stable. U.S. futures indicated a decline.

Portfolio Pulse from Akanksha Bakshi

October 07, 2024 | 10:56 am

ALB

Albemarle is transitioning its operating structure from two core global business units to a fully integrated functional model to enhance agility, cost savings, and competitiveness. The company will continue reporting results across its existing segments.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 10:48 am

ARI

EFC

The article highlights three oversold financial stocks with potential for short-term gains: Apollo Commercial Real Estate Finance Inc (ARI), Ready Capital Corp (RC), and Ellington Financial Inc (EFC). These stocks have RSI values near or below 30, indicating they are oversold. ARI posted strong earnings but saw a 13% decline in stock price over the past month. RC had its price target lowered by Piper Sandler, with a 7% decline in stock price. EFC reported weaker-than-expected earnings, with a 5% decline in stock price.

Portfolio Pulse from Avi Kapoor

October 07, 2024 | 10:42 am

JPM

NVDA

PFE

QQQ

SPR

SPY

TSLA

U.S. stock futures are set to open lower as traders await key economic data and Fed minutes. The upcoming third-quarter earnings season, starting with JP Morgan, and Middle East tensions are influencing market sentiment. ETFs like SPY and QQQ are also trading lower. Analysts suggest a market consolidation phase, with potential volatility due to geopolitical and economic factors.

Portfolio Pulse from Shanthi Rexaline

October 07, 2024 | 10:41 am

AWK

American Water Works experienced a cybersecurity incident but does not expect any material impact on its financial condition or operations.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 10:16 am

MHUA

Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA) has regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 10:02 am

BTCUSD

Bitcoin's price is nearing $64,000, driven by positive U.S. employment data and expectations of a Federal Reserve rate cut. The cryptocurrency's recent gains are supported by reduced holdings on exchanges, though geopolitical tensions pose risks.

Portfolio Pulse from Benzinga Neuro

October 07, 2024 | 9:50 am

ALTM

LGMK

PETZ

TRVN

Arcadium Lithium shares surged 27.8% in pre-market trading following a non-binding acquisition approach by Rio Tinto. Other notable pre-market movers include LogicMark, TDH Holdings, and Trevena, with significant gains and losses reported.

Portfolio Pulse from Avi Kapoor

October 07, 2024 | 9:40 am

AZN

AstraZeneca announced that its Phase 3b trial for Airsupra (Albuterol/Budesonide) met the primary endpoint, showing a significant reduction in severe exacerbation risk when used as a rescue medication compared to Albuterol alone.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:55 am