Streetbeat News

Stock Prices

TSLA

Kim Kardashian has customized her Tesla Cybertruck with a metallic silver paint job, diverging from the vehicle's typical paintless stainless steel exterior. This customization, done by Platinum Motorsport Group, raises questions about Elon Musk's approval, though he has previously shown openness to custom wraps. The Cybertruck has become popular among celebrities, contributing to its high-profile status.

Portfolio Pulse from Chris Katje

September 18, 2024 | 6:27 pm

GLD

IWM

SPY

TLT

UUP

The Federal Reserve cut interest rates by 50 basis points, surprising analysts who expected a smaller cut. This move led to a decline in the U.S. dollar and a rise in gold prices, S&P 500, and small-cap stocks. The Fed's projections indicate further rate cuts in the coming years.

Portfolio Pulse from Piero Cingari

September 18, 2024 | 6:26 pm

AZTD

VSCO

XRT

Victoria's Secret & Co. (NYSE:VSCO) shares rose after Barclays upgraded the stock, citing new leadership and a return to core values. The company is expected to see improved margins and product innovations, though full recovery is anticipated by 2025. Investors can also access the stock via ETFs like AZTD and XRT.

Portfolio Pulse from Lekha Gupta

September 18, 2024 | 6:17 pm

BTCUSD

Bitcoin investor Lark Davis suggests a potential 'massive bull run' for Bitcoin, drawing parallels to 2020. Factors like expected Fed rate cuts, upcoming elections, and increased global liquidity could drive this surge. Davis anticipates short-term volatility but maintains a bullish long-term outlook.

Portfolio Pulse from Khyathi Dalal

September 18, 2024 | 6:14 pm

EWZ

EWZS

FLBR

Brazil is expected to raise interest rates due to a heated economy and inflation concerns, contrasting with the U.S. Fed's recent rate cut. This has led to mixed performance in Brazil-focused ETFs.

Portfolio Pulse from Michael Juliano

September 18, 2024 | 6:13 pm

RDFN

Z

ZG

Housing-related stocks are seeing a rise in share prices following a 50 basis point rate cut by the Federal Reserve, which is expected to boost housing demand.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:12 pm

SPY

USO

The US government is looking to purchase up to 6 million barrels of oil to replenish its Strategic Petroleum Reserve, according to the Energy Department. This move is part of efforts to stabilize oil reserves.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:11 pm

SPY

The FOMC Press Conference on September 18, 2024, discussed monetary policy and economic outlook, which could impact market sentiment and the SPDR S&P 500 ETF (SPY).

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:10 pm

AEM

GOLD

NEM

Gold stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points, which has positively influenced overall market sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:08 pm

SPY

Federal Reserve policymakers have revised their projections for the end of 2024, expecting PCE inflation to be at 2.3%, down from 2.6% in June, and core inflation at 2.6%, down from 2.8%. GDP growth is projected at 2.0%, slightly lower than the previous 2.1% forecast.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:08 pm