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SPY

Federal Reserve's Neel Kashkari suggests that a discussion about potentially cutting interest rates in September is appropriate, as the balance of risks has shifted more towards the labor market and away from inflation. This indicates a possible rate cut due to a weaker job market.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:21 am

IYG

XLF

Mastercard plans to cut about 1,000 jobs, representing 3% of its global workforce, to realign regions and businesses for growth. Despite the layoffs, Mastercard recently reported strong Q2 earnings, beating analyst expectations. Shares are trading lower premarket.

Portfolio Pulse from Lekha Gupta

August 19, 2024 | 10:16 am

TNXP

Tonix Pharmaceuticals reported a Q2 2024 GAAP EPS of $(19.28), significantly missing the $(3.27) estimate. Sales were $2.208 million, also missing the $3.500 million estimate.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 10:06 am

EQNR

GINX

KEAT

Equinor ASA (NYSE:EQNR) has shut down production at its Gullfaks C platform in the North Sea due to a well control incident. The company evacuated some workers as a precaution and reported that gas production at the Gullfaks field will be reduced by 6.6 million cubic meters per day. Equinor's shares are down 2.62% premarket. Investors can gain exposure to Equinor via SGI Enhanced Global Income ETF (NASDAQ:GINX) and Keating Active ETF (NASDAQ:KEAT).

Portfolio Pulse from Lekha Gupta

August 19, 2024 | 9:50 am

AAPL

BRK

Warren Buffett's $189 billion cash pile at Berkshire Hathaway is not a sign of an impending market crash, according to fund manager Chris Bloomstran. The cash position is in line with historical averages and is part of a broader strategy, including significant investments in U.S. Treasury bills and stock sales, such as a reduction in Apple holdings.

Portfolio Pulse from Benzinga Neuro

August 19, 2024 | 9:39 am

EDU

New Oriental Education & Technology Group Inc. (NYSE:EDU) announced a special cash dividend of $0.6 per ADS, payable to shareholders of record as of September 9, 2024. The total dividend payout will be approximately $100 million.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 9:19 am

PLTR

Palantir Technologies Inc (NYSE:PLTR) CEO Alex Karp linked the rise of former President Donald Trump to the actions of Silicon Valley, citing the detachment of tech moguls from the average American and their support for policies that exempt them from bearing the costs. Karp's comments come as Palantir's stock surged following strong Q2 earnings and a new partnership with Microsoft Corp to enhance data analytics and AI services for the U.S. Defense and Intelligence Community.

Portfolio Pulse from Benzinga Neuro

August 19, 2024 | 9:19 am

APDN

FUBO

GOVX

XPER

Xperi Inc. (NYSE:XPER) shares rose 11.6% in pre-market trading after announcing an $80 million asset sale agreement with Amazon.com services. Other notable pre-market movers include Applied DNA Sciences, Inc. (NASDAQ:APDN) up 130%, GeoVax Labs, Inc. (NASDAQ:GOVX) up 56%, and fuboTV Inc. (NYSE:FUBO) up 8.5% following a legal win against major media companies.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 9:18 am

CMG

SBUX

Jim Cramer discussed the recent CEO change at Starbucks, highlighting the shift from Laxman Narasimhan to Brian Niccol, former CEO of Chipotle Mexican Grill. This change has led to a significant stock surge for Starbucks, reflecting renewed investor confidence. Cramer emphasized the importance of holding valuable brands and expressed confidence in Niccol's ability to lead Starbucks despite potential challenges.

Portfolio Pulse from Benzinga Neuro

August 19, 2024 | 8:01 am

ABIO

PANW

ZIM

U.S. stock futures are trading lower this Monday morning. Key stocks to watch include Estée Lauder (EL), ZIM Integrated Shipping (ZIM), ARCA Biopharma (ABIO), Fabrinet (FN), and Palo Alto Networks (PANW). Estée Lauder and ZIM Integrated Shipping are set to release earnings before the market opens, while Fabrinet and Palo Alto Networks will report after the closing bell. ARCA Biopharma announced a special dividend.

Portfolio Pulse from Avi Kapoor

August 19, 2024 | 7:47 am