Streetbeat News

Stock Prices

SPY

Federal Reserve Governor Christopher Waller indicated that inflation expectations might decrease following more positive economic data. This statement suggests a potential easing of inflationary pressures in the near future.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:58 pm

CTNT

Cheetah Net Supply Chain Service shares were halted on a circuit breaker due to a significant drop, with the stock now down by 66.8%.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:57 pm

FMCX

KKR

LBO

KKR & Co. Inc. (NYSE: KKR) has acquired a significant minority stake in Infinx, a healthcare tech company specializing in revenue cycle management solutions. The investment aims to leverage KKR's expertise to drive Infinx's growth and aid in bolt-on acquisitions. Norwest Venture Partners also participated in the transaction. KKR's cash and investments stood at $14.6 billion as of the first quarter-end. Investors can gain exposure to KKR through Northern Lights Fund Trust IV FMC Excelsior Focus Equity ETF (NYSE: FMCX) and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS: LBO).

Portfolio Pulse from Lekha Gupta

May 21, 2024 | 1:57 pm

ERMAF

GLCNF

Nickel prices have surged above $20,000 per ton due to supply concerns from New Caledonia and sanctions on Russian metal. New Caledonia, holding 20-30% of the world's nickel reserves, faces economic challenges as prices fell 45% in 2023. Glencore and Eramet have reduced operations, impacting local communities.

Portfolio Pulse from Stjepan Kalinic

May 21, 2024 | 1:53 pm

SPY

Federal Reserve Governor Christopher Waller stated that he does not foresee any rate hikes happening in the near future. This statement could influence market sentiment and investor behavior.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:53 pm

VFS

VinFast shares are trading lower following reports of a US regulator investigation into a crash involving a VF 8 vehicle.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:49 pm

NFLX

Recent options activity for Netflix (NASDAQ:NFLX) shows significant bullish sentiment among big-money traders, with 8 call options and 1 put option. Analysts have mixed ratings, with price targets ranging from $554 to $725. The stock is currently trading at $638.72, down 0.33%.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 1:46 pm

AMD

GOOG

GOOGL

INTC

META

MSFT

NVDA

QCOM

Nvidia's dominance in AI hardware is being challenged as industry giants support OpenAI's new developer software, Triton, which aims to reduce reliance on Nvidia's Cuda platform. Major companies like Intel, AMD, Qualcomm, Meta, Microsoft, and Alphabet are contributing to this initiative.

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 1:44 pm

OZEM

Roundhill Investments has launched the Roundhill GLP-1 & Weight Loss ETF (OZEM), which focuses on the growing weight loss management market. The ETF began trading on Nasdaq and targets the GLP-1 receptor agonists and weight management drugs sector.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:42 pm

MYMD

PMCB

PharmaCyte Biotech (NASDAQ: PMCB) has invested $7 million in MyMD Pharmaceuticals (NASDAQ: MYMD), a clinical stage biopharmaceutical company. This investment aligns with PharmaCyte's strategy to utilize its significant cash position to create additional stockholder value. MyMD has reported positive data from a Phase 2 clinical trial for its lead product, MYMD-1, in sarcopenia.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 1:41 pm