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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

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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

LLY

Eli Lilly and Company (NYSE:LLY) has announced a collaboration with OpenAI to leverage generative AI for the discovery of novel antimicrobials to treat drug-resistant bacteria. This partnership aims to address the significant global health threat posed by antimicrobial resistance (AMR).

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:01 pm

XOM

ExxonMobil and EV battery maker SK On have signed a Memorandum of Understanding (MOU) to produce Mobil Lithium in the U.S. This agreement highlights the demand for domestically sourced lithium and marks a significant step in strengthening the U.S. electric vehicle and battery supply chains. The initiative is expected to enhance energy security, support U.S. manufacturing jobs, and reduce carbon emissions.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:01 pm

ABBV

AbbVie Inc (NYSE:ABBV) received an FDA Complete Response Letter (CRL) for its Parkinson's disease therapy ABBV-951 due to issues at a third-party manufacturer. The CRL does not cite safety, efficacy, or labeling concerns, nor does it request additional trials. ABBV-951 is already approved in 34 countries. AbbVie's stock was down 0.38% following the news.

Portfolio Pulse from Vandana Singh

June 25, 2024 | 1:58 pm

TGT

Target announced it will reduce prices on approximately 3,500 more items throughout the summer, aiming to attract more customers and boost sales.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:57 pm

VLTLF

Volt Lithium, led by CEO Alex Wylie, is focusing on extracting lithium from oilfield brine, presenting a $6 billion cash flow opportunity. Despite initial market skepticism, the company has secured industry validation and investment to deploy a field unit in Texas. Volt aims to scale up its operations with minimal capex, leveraging existing oil and gas infrastructure.

Portfolio Pulse from Stjepan Kalinic

June 25, 2024 | 1:57 pm