Benzinga Pro's Top 5 Stocks To Watch For Friday, June 9, 2023: TSLA, GM, BRZE, EVGO, EVX
Portfolio Pulse from Benzinga Newsdesk
Tesla shares rose 6% as it was added to Wedbush's Best Ideas list, while General Motors announced collaboration with Tesla for charging ports integration, resulting in a 3% increase in GM shares. Braze shares surged 12% after strong quarterly results, while EVgo shares dropped 9% possibly due to GM/Tesla news. VanEck Environmental Services ETF could be a play amid Canadian wildfires.
June 09, 2023 | 1:07 pm
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POSITIVE IMPACT
Braze shares surged 12% after strong quarterly results and favorable guidance.
Braze's strong quarterly results and favorable guidance indicate solid performance and growth potential, which could attract more investors and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
General Motors announced collaboration with Tesla for charging ports integration, resulting in a 3% increase in GM shares.
The collaboration with Tesla for charging ports integration is a positive development for GM, as it could enhance the appeal of its electric vehicles and potentially boost sales, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Tesla shares rose 6% as it was added to Wedbush's Best Ideas list.
Tesla's addition to Wedbush's Best Ideas list indicates strong confidence in the company's prospects, which could attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
VanEck Environmental Services ETF could be a play amid the wildfires in Canada.
The wildfires in Canada could increase demand for environmental services, potentially benefiting the VanEck Environmental Services ETF. However, the impact on the ETF's performance is uncertain in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
EVgo shares dropped 9% possibly due to the GM/Tesla news.
The GM/Tesla collaboration for charging ports integration could be perceived as a threat to EVgo's charging network business, leading to a decline in the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80