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LEVI

Levi Strauss & Co. has provided its fiscal 2024 guidance, expecting adjusted diluted EPS between $1.17 and $1.27, slightly below the $1.27 estimate. Revenues are projected to increase by 1%-3% year-over-year, compared to the $6.35 billion estimate. The guidance includes impacts from a new distribution strategy, increased marketing spend, and FX headwinds.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 8:11 pm

ATEX

Anterix has announced an agreement with Oncor Electric Delivery to acquire 900 MHz broadband spectrum for the deployment of a private wireless network.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 8:08 pm

MARA

Marathon Digital Holdings (NASDAQ:MARA) has announced its mining operations for Kaspa (KAS), a proof-of-work digital asset. As of June 25, 2024, the company has mined 93 million KAS, equivalent to $15 million. This move aims to diversify Marathon's digital asset portfolio.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 8:06 pm

NIO

TSLA

Spy shots of NIO's upcoming Onvo L60 model reveal striking similarities to Tesla models, including an oval steering wheel and a glass roof. The Onvo L60 features a horizontal 17.2-inch center screen and a Heads-Up Display system. NIO has commenced pre-sales at a price lower than Tesla Model Y's base version, with official launch and deliveries expected in September.

Portfolio Pulse from Nabaparna Bhattacharya

June 26, 2024 | 8:06 pm

CMCSA

Elon Musk's Starlink has partnered with Comcast Business to provide satellite internet solutions to enterprise customers. This partnership could validate Starlink's technology and expand Comcast's connectivity offerings.

Portfolio Pulse from Chris Katje

June 26, 2024 | 8:05 pm

DGX

Quest Diagnostics and Allina Health have announced an agreement for Quest to acquire select laboratory assets. This move aims to improve access and affordability of services in Minnesota and Western Wisconsin. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 8:04 pm

LSCC

Lattice Semiconductor has launched the MachXO5D-NX FPGAs and updated its Sentry Solution Stack, enhancing its security offerings with crypto-agile algorithms, hardware root of trust, and fail-safe remote updates.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 8:01 pm

EBF

Ennis, Inc. (NYSE:EBF) has acquired Printing Technologies, Inc. (PTI), a leading manufacturer of innovative media solutions. Financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 7:50 pm

PFE

Pfizer Inc. (NYSE:PFE) is experiencing notable stock movement due to its ongoing open-label extension (OLE) study for etrasimod in ulcerative colitis patients. The study aims to evaluate safety and efficacy over up to eight years. Despite a 15% decrease in patient enrollment, Cantor Fitzgerald maintains an 'Overweight' rating with a $45 price target. Pfizer shares were down 2.09% at $27.41.

Portfolio Pulse from Vaishali Prayag

June 26, 2024 | 7:38 pm

AAPL

DIA

MSFT

NVDA

XLK

Nvidia Corporation (NASDAQ: NVDA) briefly surpassed Microsoft Corporation (NASDAQ: MSFT) and Apple Inc (NASDAQ: AAPL) to become the most valuable company in the world, hitting a market capitalization of $3.33 trillion. Despite a short-term drop, Nvidia quickly reclaimed the $3 trillion mark. The stock has soared 207% over the last year and is up 152% year-to-date in 2024. Nvidia is now the second-largest holding in the Technology Select Sector SPDR Fund (NYSE: XLK) and could be added to the Dow Jones Industrial Average, impacting ETFs like the SPDR Dow Jones Industrial Average ETF (NYSE: DIA).

Portfolio Pulse from Chris Katje

June 26, 2024 | 7:35 pm