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SPY

TM

Toyota is recalling 145,254 vehicles in the U.S. due to an issue with the side curtain air bag deployment, as reported by Reuters citing the NHTSA.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 9:31 am

CMCSA

IYZ

VOX

Comcast's Universal division is considering a new theme park in the U.K., potentially creating 28,000 jobs and generating £35.1 billion ($44.5 billion) in economic impact. The decision will be made later this year, with a possible 2030 opening. Comcast's Q1 revenue beat estimates, but the stock has declined over the past year.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 9:24 am

BA

Elon Musk criticized Boeing's leadership for lacking engineering expertise amid the company's ongoing crises, including potential criminal charges related to the 737 Max crashes and delays in the Starliner spacecraft's mission. Musk highlighted the contrast between Boeing's struggles and SpaceX's successes.

Portfolio Pulse from Anan Ashraf

June 26, 2024 | 9:10 am

ENTG

Entegris (NASDAQ:ENTG) has signed a Preliminary Memorandum of Terms with the U.S. Department of Commerce for up to $75 million in funding under the CHIPS and Science Act. This funding will support a new manufacturing facility in Colorado Springs, creating 600 jobs and bolstering the U.S. semiconductor manufacturing infrastructure.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 9:08 am

WENA

ANEW Medical, Inc. (NASDAQ:WENA) has been granted a European patent for its innovative neurodegenerative therapy. This patent covers the use of the Klotho gene sequence and gene delivery systems for treating cognitive and memory disorders. The company plans to expand its intellectual property portfolio into Asian markets in 2024.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 9:02 am

AZN

China has approved AstraZeneca's Tagrisso (Osimertinib) in combination with Pemetrexed and platinum-based chemotherapy for the first-line treatment of locally advanced or metastatic EGFR-mutated non-small cell lung cancer.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 8:56 am

AAPL

Apple Inc. (NASDAQ:AAPL) has started enabling Rich Communication Services (RCS) on its latest iOS 18 beta, according to user reports. This feature allows iPhone users to send rich messages, including audio and larger media files, to Android users. The feature was announced at WWDC 2024 and is now available in the second beta of iOS 18.

Portfolio Pulse from Ananya Gairola

June 26, 2024 | 8:44 am

NVDA

Nvidia Corp. (NASDAQ: NVDA) is predicted to experience a significant rally, potentially reaching $250 per share and a $6 trillion market cap by the end of the year, according to EMJ Capital founder Eric Jackson. The stock recently rebounded after a sell-off, closing at $126.09. Jackson attributes the expected rise to Nvidia's strong market position, high demand for its AI chips, and future product releases.

Portfolio Pulse from Shanthi Rexaline

June 26, 2024 | 8:39 am

FDX

GIS

MU

PAYX

TGLS

Key stocks to watch on Wednesday include General Mills, FedEx, Micron Technology, Tecnoglass, and Paychex. General Mills is expected to report earnings, FedEx reported strong Q4 results and announced a share buyback, Micron Technology is set to release earnings, Tecnoglass is reviewing strategic alternatives, and Paychex is expected to report earnings.

Portfolio Pulse from Avi Kapoor

June 26, 2024 | 8:27 am

GIS

MU

NVDA

PAYX

SEDG

The S&P 500 ended a three-session decline, driven by a rebound in Nvidia's stock. The CNN Money Fear and Greed index remains in the 'Fear' zone. Nvidia shares rose 6.8%, while SolarEdge Technologies fell 21% after announcing a $300 million convertible notes offering. Investors are awaiting earnings from General Mills, Micron Technology, and Paychex.

Portfolio Pulse from Avi Kapoor

June 26, 2024 | 8:25 am