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EOG

EOG Resources announced at the JP Morgan Conference that it will continue to explore both acquisition opportunities and organic growth strategies.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 6:01 pm

MSFT

RBLX

Microsoft is undergoing a significant change in its Xbox marketing team as key executive Jerret West departs to join Roblox. This move could impact both companies' marketing strategies and investor perceptions.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:44 pm

AMZN

Amazon's autonomous vehicle subsidiary, Zoox, is set to launch its robotaxi service for public riders in Las Vegas. The Zoox robotaxi, designed without a steering wheel or traditional driving controls, aims to revolutionize urban transportation by reducing the number of cars on the road and solving parking issues. The vehicle offers various amenities such as wireless charging, adjustable climate controls, and a custom airbag system for safety.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:36 pm

GME

GameStop Corporation (NYSE:GME) held its annual shareholder meeting, which was postponed due to technology issues and high demand. CEO Ryan Cohen discussed the company's future, focusing on cost reduction, profitability, and a smaller network of stores. Cohen emphasized the importance of a strong balance sheet and higher returns on investments.

Portfolio Pulse from Chris Katje

June 17, 2024 | 4:55 pm

GME

GameStop CEO Ryan Cohen emphasized the company's focus on profitability and avoiding hype during his brief remarks at the annual shareholder meeting.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 4:47 pm

GME

GameStop's CEO announced at the Annual General Meeting that the company anticipates a smaller number of stores in the future.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 4:41 pm

CBSTF

The Cannabist Company Holdings Inc. (formerly Columbia Care) is restructuring to improve profitability, including divesting its Florida assets. The company expects $10 million in annual cost savings and has $2.75 million in escrow for these transactions. The restructuring aims to simplify operations and focus on profitable markets.

Portfolio Pulse from Jelena Martinovic

June 17, 2024 | 4:34 pm

IWO

VFVA

XPOF

Xponential Fitness, Inc. (NYSE:XPOF) shares surged after announcing Mark King as the new CEO, effective June 17, 2024. King, with a strong background in leading global consumer brands, will succeed Brenda Morris. XPOF stock has dropped over 46% in the past year but rose 26.5% following the announcement. Investors can also gain exposure through IShares Russell 2000 Growth ETF (NYSE:IWO) and Vanguard U.S. Value Factor ETF (BATS:VFVA).

Portfolio Pulse from Shivani Kumaresan

June 17, 2024 | 4:29 pm

HPE

NVDA

Hewlett Packard Enterprise (HPE) will host its Investor Relations Summit 2024 on June 18th in Las Vegas, featuring a keynote by HPE President and CEO Antonio Neri. NVIDIA's Founder and CEO Jensen Huang will join the keynote to discuss their AI partnership.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 3:14 pm

ADBE

The U.S. government has filed a lawsuit against Adobe, alleging that the company enrolls consumers in subscription plans without clearly disclosing important terms. This legal action could have significant implications for Adobe's business practices and consumer trust.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 3:11 pm