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HOOD

Robinhood Markets Inc. (NASDAQ:HOOD) is considering launching cryptocurrency futures in the U.S. and Europe, leveraging its acquisition of Bitstamp Ltd. The move aims to offer perpetual futures for Bitcoin and other cryptocurrencies in Europe and CME-based futures for Bitcoin and Ethereum in the U.S. However, no final decisions have been made yet.

Portfolio Pulse from Murtuza Merchant

July 02, 2024 | 3:44 pm

TM

Toyota Motor North America reported June 2024 U.S. sales of 193,120 vehicles, a decrease of 1.2% on a volume basis. However, sales of electrified vehicles surged by 64.5% to 84,781 units.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 3:39 pm

HTZ

USO

Oil prices have reached a three-month high of $84 per barrel due to record U.S. travel demand and supply disruptions from hurricanes and geopolitical tensions. The U.S. Oil Fund (USO) and Hertz Global Holdings Inc (HTZ) are directly impacted by these developments.

Portfolio Pulse from Piero Cingari

July 02, 2024 | 3:38 pm

LLY

NVO

President Joe Biden and Sen. Bernie Sanders have urged pharmaceutical companies like Novo Nordisk and Eli Lilly to lower the prices of their popular obesity drugs. The U.S. government has implemented policies to cap drug costs and negotiate prices, but further legislative measures may be taken if companies do not comply. Both Novo Nordisk and Eli Lilly have seen stock declines following these announcements.

Portfolio Pulse from Vandana Singh

July 02, 2024 | 3:38 pm

LHX

SPY

L3Harris Technologies announced that the U.S. Navy has approved the design plans for its next-generation F/A-18 electronic warfare system. This development is a significant milestone for the company, potentially leading to future contracts and revenue growth.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 3:34 pm

CMG

A Wells Fargo analyst conducted a study by ordering 75 Chipotle burrito bowls to highlight portion size inconsistencies. The study found significant variation in burrito weights, supporting customer complaints about 'shrinkflation.' Despite these issues, Chipotle's stock has surged over 36% in 2024, and the company continues to expand rapidly.

Portfolio Pulse from Hayden Buckfire

July 02, 2024 | 3:33 pm

BABA

Financial giants have made significant bearish moves on Alibaba Group Holdings (NYSE:BABA) through options trading. Analysis reveals 33 unusual trades with a mix of bullish and bearish sentiments. The stock is currently trading at $73.11, up by 1.3%, with an average target price of $115.0 from analysts.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 3:32 pm

ARDX

Ardelyx, Inc. (NASDAQ: ARDX) shares are trading lower after the company decided not to apply for the inclusion of XPHOZAH in the CMS ESRD PPS Transitional Drug Add-on Payment Adjustment. The decision was based on the potential restrictions that could limit patient access to the drug. Despite this, analysts have a positive outlook on the stock with an average 12-month price target of $14.50.

Portfolio Pulse from Erica Kollmann

July 02, 2024 | 3:26 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) released an unaudited Bitcoin mining update, reporting 445 bitcoins mined in June and a total of 3,614 bitcoins mined year-to-date. The company exceeded its mid-year hash rate target of 20 EH/s due to the acquisition of five new mining sites in Georgia. CleanSpark also closed its acquisition of GRIID Infrastructure, adding 60 MW of data center infrastructure.

Portfolio Pulse from Adam Eckert

July 02, 2024 | 3:15 pm

TEAM

Atlassian Corp (NASDAQ:TEAM) is expected to benefit from the next wave of cloud growth driven by enterprise customers, according to Piper Sandler analyst Rob Owens. Owens upgraded Atlassian's rating from Neutral to Overweight and raised the price target from $200 to $225, citing the potential for durable growth and significant cross-sell opportunities.

Portfolio Pulse from Priya Nigam

July 02, 2024 | 3:15 pm