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BABA

Alibaba has signed a five-year cloud service deal with Indonesia's GoTo Group, agreeing not to divest its stake in the company during this period. The deal comes as Alibaba faces challenges from domestic competition and U.S. sanctions. GoTo is currently unprofitable and has been restructuring.

Portfolio Pulse from Anusuya Lahiri

September 18, 2024 | 12:46 pm

NVDA

QCOM

Qualcomm's EU antitrust fine was slightly reduced by the General Court, but the majority of the fine was upheld. Qualcomm was found guilty of abusing its market position from 2009 to 2011 by selling chipsets at below-cost prices to eliminate competition. Despite contesting the fine, Qualcomm's claims were mostly rejected.

Portfolio Pulse from Nabaparna Bhattacharya

September 18, 2024 | 12:45 pm

SPY

The Federal Reserve is expected to announce a rate cut, with investor sentiment leaning towards a 50-basis-point reduction. However, Wall Street analysts favor a smaller cut due to potential risks of overheating the economy. Veteran investor Ed Yardeni warns that aggressive rate cuts could lead to rapid GDP growth and inflation, potentially causing a stock market surge. The SPDR S&P 500 ETF Trust (SPY) recently hit record highs ahead of the Fed's decision.

Portfolio Pulse from Piero Cingari

September 18, 2024 | 12:45 pm

OESX

Orion Energy Systems shares are rising following the announcement of over $2 million in project awards from an automotive OEM customer.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:40 pm

VCNX

Vaccinex has announced it raised $6.2 million in gross proceeds through the exercise of existing warrants and the issuance of new warrants for its common stock.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:38 pm

BCDA

BioCardia shares rose after the company announced it regained compliance with Nasdaq listing requirements.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:33 pm

BCDA

BioCardia has regained compliance with Nasdaq's listing requirements, ensuring its continued presence on the exchange.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:32 pm

SPY

The Building Permits for August increased by 4.9% month-over-month, indicating a potential rise in construction activity and economic growth.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:30 pm

SPY

The USA Housing Starts for August increased by 9.6%, a significant improvement from the previous month's decline of 6.9%. This data suggests a rebound in the housing market, which could positively impact related sectors and ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:30 pm

SPY

The USA housing starts for August were reported at 1.356 million, surpassing the estimated 1.310 million and the previous month's 1.237 million. This indicates a stronger-than-expected performance in the housing sector.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:30 pm