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ADDYY

Adidas AG (OTC:ADDYY) is facing internal turmoil due to a bribery investigation in its China operations, leading to the departure of two employees. The company received an anonymous letter alleging misconduct, which led to the identification and dismissal of staff members involved in unethical practices. Despite these issues, Adidas has increased its full-year revenue guidance.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 5:59 pm

GTLB

SKYY

VGT

GitLab Inc (NASDAQ:GTLB) stock surged on Wednesday following the company's announcement of amendments to its severance plan. The revisions ensure equity awards cannot be canceled without consideration during corporate transactions. GitLab also reported strong first-quarter financial results, beating analyst estimates on both revenue and EPS. The company expects full-year revenue and adjusted EPS to exceed estimates. Investors can gain exposure to GitLab through First Trust Cloud Computing ETF (NASDAQ:SKYY) and Vanguard Information Tech ETF (NYSE:VGT).

Portfolio Pulse from Anusuya Lahiri

June 26, 2024 | 5:00 pm

B

Barnes Group is exploring strategic options, including a potential sale, and is working with advisers to solicit interest.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:52 pm

HAP

HJEN

SHEL

Shell's Canadian unit has made a Final Investment Decision (FID) for the Polaris carbon capture project at the Shell Energy and Chemicals Park in Scotford, Alberta. The project aims to capture 650,000 tonnes of CO2 annually and reduce Scope 1 CO2 emissions by up to 40% at the Scotford refinery. Shell also announced an FID for the Atlas Carbon Storage Hub in collaboration with ATCO EnPower, which will store CO2 from the Polaris project. Both projects are expected to start operations by the end of 2028. Shell aims to become a net-zero emissions energy business by 2050 and plans to invest $10-$15 billion in low-carbon energy solutions from 2023-2025. Shell's stock has gained over 18% in the last 12 months.

Portfolio Pulse from Lekha Gupta

June 26, 2024 | 4:45 pm

NVDA

At the NVIDIA Annual General Meeting (AGM), all 12 director nominees were elected to serve until the 2025 annual meeting or until their successors are elected or appointed.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 4:26 pm

ASTS

DDD

ULTY

VTI

AST SpaceMobile, Inc. (NASDAQ:ASTS) experienced a 5.65% stock price increase following a leadership shakeup. Key changes include Andrew Johnson becoming CFO while retaining his role as Chief Legal Officer, Scott Wisniewski adding the role of President, and Shanti Gupta being promoted to COO. The stock has gained over 72% in the last 12 months. Investors can gain exposure via Vanguard Total Stock Market ETF (NYSE:VTI) and Tidal Trust II YieldMax Ultra Option Income Strategy ETF (NYSE:ULTY).

Portfolio Pulse from Anusuya Lahiri

June 26, 2024 | 3:29 pm

MJ

MSOS

The NCAA has voted to remove marijuana from its banned substances list for Division I college athletes, effective immediately. This policy change aligns with the World Anti-Doping Agency's rules and focuses on student-athlete health rather than punishment. The reform will be retroactively applied, discontinuing any penalties players are currently facing for cannabis-related violations.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:44 pm

MASI

Masimo Corporation has filed an investor presentation highlighting its strategic initiatives for growth and margin expansion. The company is urging stockholders to vote for its current leadership, Joe Kiani and Christopher Chavez, against Politan's bid for control, which Masimo claims lacks a clear plan and poses a risk to stockholder value.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:36 pm

HPQ

MDT

Medtronic announced the resignation of its EVP and CFO, Karen Parkhill, who will join HP Inc. as CFO.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:15 pm

SGH

SMART Global Holdings has appointed Nate Olmstead as Senior Vice President and Chief Financial Officer. This leadership change is expected to bring new strategic direction to the company's financial operations.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:06 pm