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EPOW

Sunrise New Energy (NASDAQ:EPOW) shares surged 39% to $0.83 after its subsidiary was selected for the '2024 Guizhou Provincial Key Projects for Promoting the Utilization of Intellectual Property' funding list. The company also achieved a milestone by delivering 5,800 tons of energy storage material to Xiamen HiTHIUM Energy Storage Technology.

Portfolio Pulse from Henry Khederian

June 24, 2024 | 5:21 pm

AAPL

META

Meta, Inc. (NASDAQ:META) shares are trading higher following a report that the company and Apple (NASDAQ:AAPL) have discussed an AI partnership. The partnership could involve integrating Meta's generative AI platform into Apple's new AI system for iPhones.

Portfolio Pulse from Dylan Berman

June 24, 2024 | 5:19 pm

PYPL

Goldman Sachs analyst Will Nance has assumed coverage of PayPal Holdings (NASDAQ:PYPL) with a Neutral rating and a price target of $69. Nance highlighted increasing competitive pressures in the online payment space, particularly from mobile and web-based wallets. Despite some room for cost management and modestly above-consensus estimates, Nance remains cautious about PayPal's long-term competitive positioning. PayPal shares are near their lowest level since 2017, trading at $59.75.

Portfolio Pulse from Anusuya Lahiri

June 24, 2024 | 5:18 pm

ALNY

CLSK

COIN

COP

MARA

MCHP

MRVL

NVDA

QCOM

QQQ

RMD

SMCI

SMH

XLE

XOM

Semiconductor stocks, particularly Nvidia, faced significant declines, dragging down the tech sector. Nvidia's CEO sold over $100 million in shares, contributing to the drop. The VanEck Semiconductor ETF also fell, along with Marvell Technology and Microchip Technology. Meanwhile, the Dow Jones and other indices posted gains, and energy stocks rallied. Bitcoin continued its decline, impacting crypto-linked stocks.

Portfolio Pulse from Piero Cingari

June 24, 2024 | 5:17 pm

SHOP

Shopify Inc (NYSE:SHOP) has expanded its AI-powered tools, including the Sidekick assistant and an image-generation feature, to more users. This initiative aims to enhance Shopify’s e-commerce platform and drive revenue growth. Despite recent challenges, including high inflation and uncertain consumer spending, Shopify continues to invest heavily in R&D and marketing. The company reported a 23% year-over-year revenue growth for fiscal Q1 2024 and expects high-teens percentage growth for Q2.

Portfolio Pulse from Shivani Kumaresan

June 24, 2024 | 5:11 pm

BA

EADSY

Airbus is facing ongoing supply chain issues, leading to a reduction in its full-year commercial aircraft deliveries to 770 from 800. The company will record €0.9 billion in charges in the first half of 2024 and has delayed the ramp-up of A320 production to 75 units per month by one year. Despite these challenges, Airbus targets an adjusted EBIT of €5.5 billion.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:07 pm

MRK

Merck KGaA has decided to discontinue its Phase III trials of xevinapant in locally advanced head and neck cancer due to an interim analysis indicating the trial would not meet its primary objective. This decision affects both the TrilynX and X-Ray Vision studies.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:04 pm

IYE

XLE

XOM

Exxon Mobil Corporation (NYSE:XOM) has partnered with Air Liquide (OTC:AIQUF) to produce low-carbon hydrogen and ammonia at its Baytown, Texas facility. The project aims to develop a low-carbon hydrogen market along the U.S. Gulf Coast, with Air Liquide constructing and operating four Large Modular Air separation units. The final investment decision depends on favorable government policies and regulatory permits. XOM shares are up 2.94% at $114.02.

Portfolio Pulse from Lekha Gupta

June 24, 2024 | 5:02 pm

PARA

PARAA

Paramount Global announced that the price of Paramount+ with Showtime will increase by $1 to $12.99/month, and Paramount+ Essential will rise by $2 to $7.99/month for new subscribers.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:02 pm

ALGOUSD

COIN

DOTUSD

KSMUSD

SKLUSD

XTZUSD

The article discusses the benefits and risks of staking and restaking cryptocurrencies for high yields. It highlights that staking involves locking up cryptocurrency to earn interest, while restaking allows staking the same tokens on multiple blockchains for potentially higher returns. The article mentions several cryptocurrencies and platforms involved in staking and restaking, including Kelp DAO, Algorand, Polkadot, and EigenLayer.

Portfolio Pulse from Kenneth Rapoza

June 24, 2024 | 5:02 pm