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KSA

TKO

Saudi Arabia's Public Investment Fund (PIF) is reportedly in talks to create a new boxing league, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:55 pm

AZO

Whales are showing a bullish stance on AutoZone (NYSE:AZO) with significant options activity. 37% of the trades are bullish, and 25% are bearish. Analysts have issued positive ratings with a consensus target price of $3231.6. The stock is currently up 0.86% at $2804.89.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 4:47 pm

CMND

Clearmind Medicine Inc (NASDAQ:CMND) announced advancements in its MEAI-based alcohol substitute beverage program, including the initiation of the last pre-clinical study and the granting of patents in the U.S., India, and Europe. The no/low alcohol category is expected to grow at a CAGR of more than 6% between 2023 and 2027.

Portfolio Pulse from Adam Eckert

June 11, 2024 | 4:39 pm

COIN

HOOD

Coinbase Global, Inc. (NASDAQ:COIN) shares are trading lower due to a dip in Bitcoin prices and increased competition from Robinhood Markets, Inc. (NASDAQ:HOOD), which recently acquired Bitstamp Ltd. Coinbase has also introduced a new smart wallet to improve the crypto onboarding process.

Portfolio Pulse from Erica Kollmann

June 11, 2024 | 4:38 pm

GM

General Motors (GM) is set to invest $850 million into its autonomous vehicle subsidiary, Cruise, as reported by Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:24 pm

RKLB

Rocket Lab USA Inc (NASDAQ:RKLB) shares dropped after announcing the window for its 50th Electron launch. Goldman Sachs initiated coverage with a Neutral rating and a $4.50 price target, highlighting the company's market leadership in dedicated space launches and the growth of its products business. However, concerns remain about its current negative EBITDA and free cash flow, and the uncertainty of future profitability.

Portfolio Pulse from Priya Nigam

June 11, 2024 | 4:18 pm

LGVN

Longeveron shares are trading lower following the announcement of the completion of an investigator meeting for ELPIS II, the ongoing Phase 2b clinical trial evaluating Lomecel-B as a potential adjunct treatment for Hypoplastic Left Heart Syndrome.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:14 pm

SPY

USO

The U.S. Energy Information Administration (EIA) has revised its forecast for U.S. crude oil output in 2024, predicting an increase of 310,000 barrels per day, up from the previous forecast of a 270,000 barrels per day increase.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:12 pm

AISP

BNED

CURI

CXW

TH

TPET

YEXT

U.S. stocks traded lower with the Dow Jones falling over 200 points. Yext shares dropped 5% after disappointing Q1 results and weak Q2 guidance. Trio Petroleum, CuriosityStream, and Airship AI saw significant gains, while Target Hospitality, Barnes & Noble Education, and CoreCivic experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 4:12 pm

JACK

Jack in the Box has announced an agreement to open 15 new locations in Georgia, marking its entry into the state and continued growth in the Southeastern US.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:10 pm