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GOOG

GOOGL

Waymo has opened its autonomous ride-hailing service, Waymo One, to everyone in San Francisco. The service, which has been operating incrementally, now offers 24/7 rides across the city. Waymo's all-electric fleet sources 100% renewable energy and has significantly contributed to reducing carbon emissions. The service has been well-received, with nearly 300,000 people signing up since the waitlist opened. Waymo emphasizes safety and has a strong track record in reducing road accidents.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:45 pm

NVO

Novo Nordisk shares are trading higher following the approval of Wegovy in China.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:43 pm

SPHR

TKO

Steve Cohen's Point72 Asset Management has acquired a 5.5% stake in Sphere Entertainment Co (NYSE:SPHR), signaling potential future sports events at the venue. Sphere is set to host the 2024 NHL Draft and UFC 306, and continues to generate revenue from concerts and movie experiences. Despite missing Q3 revenue estimates, Sphere's segment outperformed MSG Networks. The investment could indicate more sports-related events at Sphere.

Portfolio Pulse from Chris Katje

June 25, 2024 | 2:42 pm

CCL

CUK

Carnival executive stated that the Greek Islands have had caps in place for many years and the company will continue to work with authorities. They do not expect any significant disruptions as Greece represents a small part of their overall operations, making up low single-digit percentages.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:42 pm

ENVX

PBW

ULTY

Enovix Corporation (NASDAQ:ENVX) shares are surging after signing a deal to supply silicon batteries for mixed reality headsets. The company expects initial and subsequent payments for tooling and battery supplies. Enovix's proprietary silicon anode technology offers high energy density. The company recently shipped and started producing EX-1M battery samples. Enovix reported quarterly sales beating estimates but missed on earnings per share. ENVX stock is up 30% today. Investors can also gain exposure via Tidal Trust II YieldMax Ultra Option Income Strategy ETF (NYSE:ULTY) and Invesco WilderHill Clean Energy ETF (NYSE:PBW).

Portfolio Pulse from Lekha Gupta

June 25, 2024 | 2:38 pm

MORT

REZ

SBAC

TLT

VNQ

XLRE

Home prices in the U.S. reached new record highs in April 2024, but the pace of growth has slowed, indicating potential signs of market normalization. Despite the increase, real estate stocks fell due to hawkish Fed remarks and rising Treasury yields.

Portfolio Pulse from Piero Cingari

June 25, 2024 | 2:36 pm

NFLX

SIX

Netflix's 'Stranger Things' will headline Six Flags' Halloween Fright Fest this year, marking a significant partnership that extends Netflix's presence beyond streaming. Six Flags has also partnered with Warner Bros., Lionsgate, and Legendary for the event, which will feature new mazes based on popular horror franchises. The event is expected to drive significant visitor numbers and revenue for Six Flags.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:29 pm

CCL

Carnival Corporation (NYSE:CCL) shares surged following strong Q2 earnings, with adjusted EPS of 11 cents beating expectations. The company reported $5.781 billion in sales and $560 million in operating income. Strong bookings for 2025 and strategic realignment in Australia are expected to further boost performance. Carnival projects strong Q3 and 2024 earnings, with significant free cash flow anticipated.

Portfolio Pulse from Nabaparna Bhattacharya

June 25, 2024 | 2:28 pm

FTXL

GOOG

GOOGL

INTC

TSM

UMC

XSD

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is expanding its operations to meet growing demand in AI, 5G, server, and data center markets. Acter Group Co, a supplier to TSMC, is also expanding overseas. TSMC's stock has gained 68% in the last 12 months. Investors can gain exposure to the semiconductor sector via ETFs like FTXL and XSD.

Portfolio Pulse from Anusuya Lahiri

June 25, 2024 | 2:25 pm

NVDA

Nvidia's stock recently fell by 14%, losing $500 billion in market value, but investor confidence remains strong due to a 141% increase over the past year. The drop has sparked debates about the sustainability of high valuations in the AI sector.

Portfolio Pulse from Zaheer Anwari

June 25, 2024 | 2:12 pm