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GOOGL

NVDA

QQQ

SPY

Stock futures indicate a strong open, driven by Nvidia's AI conference and potential Alphabet-Apple partnership, despite concerns over Fed's upcoming meeting and recent inflation data. Nvidia and Alphabet stocks rose in premarket trading, while the broader market showed mixed reactions to inflation and interest rate expectations. Upcoming economic data and Fed decisions are anticipated to further influence market direction.

Portfolio Pulse from Shanthi Rexaline

March 18, 2024 | 11:37 am

JOAN

JOANN Inc. has announced an agreement to reduce its debt and receive $132 million in new capital and related financial accommodations, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:36 am

TSVT

2seventy Bio's stock is trading higher following a positive vote from the FDA Advisory Committee on using Abecma for triple-class exposed multiple myeloma in earlier therapy lines.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:35 am

XPEV

Xpeng shares are trading higher following reports that the company intends to introduce more affordable electric vehicle (EV) models to its lineup. This strategic move is aimed at capturing a larger market share by making EVs accessible to a broader audience.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:32 am

SPY

UNG

USO

On March 15th, U.S. markets fell, led by a downturn in technology stocks. Economic data showed a slight increase in industrial production, a significant drop in the NY Empire State Manufacturing Index, and a decrease in consumer sentiment. Asian markets, however, saw gains on March 18th, with Japan's Nikkei 225 leading. Speculation about the Bank of Japan's potential rate hike influenced markets. European markets were mixed, with slight gains in major indexes. Crude oil prices rose above $81. U.S. futures indicated mixed directions, and forex showed minor fluctuations.

Portfolio Pulse from Akanksha Bakshi

March 18, 2024 | 11:31 am

EH

EHang's stock price increased following the announcement that it has started selling its EH216-S flying taxi on Taobao, a popular online shopping platform.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:31 am

NVEI

Nuvei shares are trading higher after reports surfaced about potential buyout talks with Advent International.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:28 am

VRT

Vertiv Holdings' stock price increased following B of A Securities' decision to maintain a Buy rating and raise its price target from $80 to $90.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:26 am

PED

PEDEVCO (AMEX:PED) reported Q4 earnings with EPS of $0.00, missing the $0.05 estimate by 98%, and a 96.67% decrease from last year's $0.03. However, sales of $30.78M exceeded estimates by 1.25% and grew 2.5% from last year.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:25 am

GOEV

Canoo Inc (NASDAQ:GOEV) received approval from the U.S. Department of Commerce for its Oklahoma City facility to be designated as a Foreign Trade Zone (FTZ). This designation is expected to enhance Canoo's electric vehicle manufacturing strategy in the U.S., improve profitability, and accelerate the path to breakeven. The facility, which currently employs over 100 workers, aims to support up to 1,100 jobs at full capacity. The FTZ status will eliminate customs duties on vehicles sold internationally and defer duties on imported parts for domestic sales, potentially reducing vehicle costs by up to 5% on imported parts. Canoo sources over 90% of its parts from the U.S. and allied nations, with 70% coming from North America.

Portfolio Pulse from Shivani Kumaresan

March 18, 2024 | 11:22 am