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SPY

UNG

USO

White House Economic Adviser Brainard stated that the Biden Administration aims to maintain gas prices within their current ranges, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:29 pm

BJ

BJ's Wholesale Club shares are trading lower following a downgrade by Loop Capital from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:27 pm

TLT

UTEN

Treasury yields on the 10-year note have reached 4.70%, the highest since early November 2023, amid inflation and strong economic data, challenging expectations of Federal Reserve rate cuts. Fed Chair Jerome Powell's recent comments added to market concerns, not supporting a quick return to the Fed's 2% inflation target. This situation has negatively impacted Treasury-related ETFs, with UTEN and TLT experiencing significant declines in April. Vanguard's Ales Koutny warned that yields surpassing 4.75% could lead to a severe market sell-off, potentially pushing rates to or beyond 5%. Despite this, some investors have shown optimism, as indicated by a successful 20-year Treasury auction and a shift towards net long positions in Treasuries for the first time since March.

Portfolio Pulse from Piero Cingari

April 18, 2024 | 4:26 pm

DJT

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading higher, following an exchange filing explaining how shareholders can prevent their shares from being loaned for short-interest positions. The company, behind Truth Social, updated its FAQ to address concerns about share lending for short selling, amid a 15% share price decline over the past month. Additionally, Trump Media announced the completion of its live TV streaming platform's R&D phase, planning to roll out new streaming content in three phases.

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 4:24 pm

FOXA

FOX Corp's OutKick platform reported significant growth in Q1 of 2024, with a 10% increase in total multiplatform views to 81 million, and a 7% increase in total multiplatform minutes to 78 million, according to Comscore. The platform also experienced a rise in average monthly multiplatform unique visitors to 6.1 million. Additionally, OutKick's social media presence grew, with over 4.5 million total social actions and 52.4 million video views across Facebook, X (formerly Twitter), and YouTube, marking increases of 32.4% and 14% respectively from the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:23 pm

ERIC

Ericsson shares are trading higher, following Nokia's positive Q1 financial results announcement.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:22 pm

PKX

POSCO shares are trading higher due to a recent gain in steel stocks, influenced by US President Biden's call for increased tariffs on China steel.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:21 pm

GENE

Shares of Genetic Technologies were halted due to a circuit breaker after falling 13.3% to the downside, indicating a significant drop in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:19 pm

SNAP

Snap shares are trading higher following recent reports of the TikTok divest-or-ban bill moving on a fast track through Congress.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:19 pm

GENE

Shares of Genetic Technologies were halted due to a circuit breaker after falling 13.3%.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:19 pm