Streetbeat News

Products Services

AAPL

MSFT

NVDA

Apple Inc. (AAPL) has surpassed Microsoft Corp. (MSFT) to become the world's largest company by market cap, following a surge in its stock price after the WWDC event. Apple's market cap is now $3.325 trillion, compared to Microsoft's $3.264 trillion. NVIDIA Corp. (NVDA) is also performing strongly, with a market cap of $3.108 trillion.

Portfolio Pulse from Hayden Buckfire

June 12, 2024 | 5:39 pm

CIEN

Morgan Stanley analyst Meta Marshall upgraded Ciena Corp (NYSE:CIEN) from Equal-Weight to Overweight and raised the price target from $53 to $55, citing cloud demand and WaveLogic 6 ramp as key growth drivers for fiscal 2025.

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 5:29 pm

AAPL

IWM

KRE

TLT

TSLA

XHB

A lower-than-expected inflation report for May has driven Wall Street to record highs, with significant gains in tech, real estate, and small caps ahead of the Federal Reserve meeting. The Nasdaq 100, S&P 500, and iShares Russell 2000 ETF (IWM) saw notable increases. Treasury yields fell, boosting the iShares 20+ Year Treasury Bond ETF (TLT). Sector-specific ETFs like SPDR S&P Homebuilders ETF (XHB) and SPDR S&P Regional Banking ETF (KRE) also surged. Key stock movers included Apple (AAPL), Tesla (TSLA), and several real estate and regional bank stocks.

Portfolio Pulse from Piero Cingari

June 12, 2024 | 5:26 pm

BMR

DDC

STRM

Streamline Health Solutions (NASDAQ:STRM) shares fell 23.3% after reporting worse-than-expected Q1 EPS results. Other notable stock movements include DDC Enterprise (NYSE:DDC) surging 101% after acquiring Omsom, and Beamr Imaging (NASDAQ:BMR) gaining 39.3% following the announcement of its Beamr Cloud solution's availability in the Oracle Cloud Marketplace.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 5:25 pm

WKHS

Workhorse Group (NASDAQ:WKHS) shares are trading higher following the announcement of a strategic collaboration with Kinsburg Truck Sales. The partnership involves Kinsburg purchasing 141 units of Workhorse's W4 CC Class 4 battery-electric cab chassis trucks, with delivery expected this year. The deal is contingent on receiving California's HVIP vouchers, which could provide up to $60,000 in incentives per truck. Additionally, Workhorse has completed the divestiture of its Aero business.

Portfolio Pulse from Dylan Berman

June 12, 2024 | 5:16 pm

GME

EA Sports and GameStop have collaborated on a special 'Homecoming Pack' edition of EA Sports College Football 25, priced at $149.99. The pack includes a mini locker, a replica jersey, and a CFB25 football.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:13 pm

GOOG

GOOGL

ORCL

Oracle Corp (NYSE:ORCL) shares rose after reporting quarterly results, despite missing revenue expectations. Analysts highlighted strong RPO growth and significant AI contract signings as key positives.

Portfolio Pulse from Priya Nigam

June 12, 2024 | 5:11 pm

NKGN

NKGen Biotech has presented a novel manufacturing and cryopreservation process for its allogeneic NK cell therapy, SNK02. CEO Dr. Paul Y. Song provided updates on the initial Phase 1 results for treating advanced refractory solid tumors.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:07 pm

RARE

Ultragenyx Pharmaceuticals shares are trading higher following the announcement of positive 14-month results from the Phase 2 portion of the ongoing Phase 2/3 Orbit study, in collaboration with Mereo BioPharma Group.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:05 pm

GTLB

GitLab shares are trading higher following the announcement of the public beta for expanded integrations with Google Cloud.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 4:59 pm