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Stock Prices

STNG

Scorpio Tankers (STNG) has repurchased 641,654 of its common shares at an average price of $78.26 per share under its 2023 Securities Repurchase Program, with $199.8 million remaining for future repurchases. The company also provided an update on its Q2 2024 daily Time Charter Equivalent (TCE) revenues, detailing average daily TCE revenues and the duration of contracted voyages for its LR2, MR, and Handymax vessels.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 10:49 am

BTCUSD

ETHUSD

XRPUSD

Bloomberg ETF analyst Eric Balchunas has moved up the launch date for the highly anticipated spot Ether ETF to July 2, following light comments from the SEC on S-1 filings. This adjustment could serve as a new catalyst for market dynamics, especially in the digital asset market, which has recently seen significant outflows.

Portfolio Pulse from Murtuza Merchant

June 17, 2024 | 10:30 am

AAPL

AMZN

GOOG

IWM

LULU

META

MSFT

NVDA

SNOW

Nvidia's dominance in the AI sector is drawing investments away from other sectors and stocks, causing declines even in fundamentally sound companies. This phenomenon is impacting the broader market, with tech stocks like Nvidia, Alphabet, Amazon, Apple, Microsoft, and Meta driving the current rally. The iShares Russell 2000 ETF, which tracks small-cap stocks, is down for the year, highlighting the narrow breadth of the market rally.

Portfolio Pulse from Shanthi Rexaline

June 17, 2024 | 10:17 am

KROS

Keros Therapeutics presented additional data from its ongoing Phase 2 trials of Elritercept (KER-050) for myelodysplastic syndromes and myelofibrosis. The data showed durable transfusion independence and improvements in patient-reported fatigue measures for lower-risk myelodysplastic syndromes. In myelofibrosis, Elritercept demonstrated benefits in hematopoiesis, cytopenias, spleen volume reduction, and symptom scores.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 10:05 am

FBTC

GBTC

IBIT

Financial advisors are cautious in adopting Bitcoin ETFs despite significant interest from self-directed investors, hedge funds, and brokerages. BlackRock's Samara Cohen highlights the need for thorough risk analysis and due diligence due to Bitcoin's price volatility and regulatory concerns. Notable Bitcoin ETFs include BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT), Grayscale Bitcoin Trust (NYSE:GBTC), and Fidelity’s Wise Origin Bitcoin Trust (BATS:FBTC).

Portfolio Pulse from Benzinga Neuro

June 17, 2024 | 10:03 am

AZN

AstraZeneca (NASDAQ:AZN) announced positive results from the ECHO Phase 3 trial of Calquence combined with bendamustine and rituximab in treating mantle cell lymphoma (MCL). The combination showed a significant improvement in progression-free survival (PFS) and a favorable trend in overall survival (OS) compared to standard chemoimmunotherapy. The data will be presented at the European Hematology Association 2024 Hybrid Congress.

Portfolio Pulse from Vandana Singh

June 17, 2024 | 9:32 am

VGK

Eurozone wages increased by 5.30% year-over-year in Q1, compared to a revised 3.20% in the previous period.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 9:29 am

AMZN

GOOG

GOOGL

META

MSFT

NVDA

SPY

Goldman Sachs has raised its year-end target for the S&P 500 Index to 5,600, citing strong earnings growth from major tech companies and an increased fair value price-to-earnings ratio. The revision reflects a 3.1% increase from the index’s most recent close. Key tech companies like Microsoft, NVIDIA, Alphabet, Amazon, and Meta have surged by 45% and now represent a quarter of the S&P 500 equity cap. The U.S. election is noted as a significant risk to the index's level.

Portfolio Pulse from Benzinga Neuro

June 17, 2024 | 9:27 am

SPY

USO

President Biden is prepared to reopen the US oil stockpile if petrol prices surge again, according to a report by the Financial Times.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 9:23 am

AAPL

GOOG

GOOGL

Google has introduced a new feature in its Chrome browser called 'Listen to this page,' which allows users to have webpages read aloud. This feature supports multiple languages and includes playback controls. It competes directly with Apple's Siri, which offers a similar feature in the Safari app.

Portfolio Pulse from Ananya Gairola

June 17, 2024 | 8:46 am