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MCD

McDonald's shares are trading higher after the company revealed its $5 meal deal.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 2:06 pm

GILD

Gilead Sciences shares are trading higher due to continued strength following positive HIV data released on Thursday.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 2:05 pm

AMZN

GOOG

GOOGL

MSFT

VCR

XLY

Amazon plans a major overhaul of its Alexa service, integrating conversational generative AI under Project Banyan. The update, named 'Remarkable Alexa,' aims to enhance user interaction with more intelligent features and a potential premium version costing around $5 monthly. The project is set for an August deadline and aims to compete with advancements from Alphabet, Microsoft, and OpenAI.

Portfolio Pulse from Shivani Kumaresan

June 21, 2024 | 1:57 pm

EH

EHang Holdings has signed a cooperation agreement with the Wencheng County Government to develop an Urban Air Mobility (UAM) ecosystem. The Wencheng County Transportation Development Group has purchased 30 EH216-S units with a 50% down payment and plans to purchase an additional 270 units by the end of 2026. This joint effort aims to establish a low-altitude industry chain in Zhejiang Province.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 1:37 pm

NVDA

NVIDIA CEO Jensen Huang discussed the company's significant investments in deep learning during a speech at CalTech. He highlighted the transformative impact of these investments, which began with the use of NVIDIA's CUDA GPUs in 2012 to train AlexNet. NVIDIA's stock has surged this year, making it the most valuable public company with a market cap of $3.33 trillion.

Portfolio Pulse from Benzinga Neuro

June 21, 2024 | 1:36 pm

TSLA

A bullish analyst predicts that Tesla's challenging period will end as demand starts to recover. Key catalysts include the approval of Elon Musk's compensation package and the upcoming Aug. 8 robotaxi unveil event. The analyst maintains an Outperform rating with a $275 price target, citing Tesla's AI and robotics initiatives as major growth drivers.

Portfolio Pulse from Shanthi Rexaline

June 21, 2024 | 1:26 pm

NFLX

WMT

Netflix Inc (NASDAQ:NFLX) is launching a new line of popcorn called 'Now Popping' in partnership with Popcorn Indiana. The popcorn will be available at Walmart Inc (NYSE:WMT) stores and other retailers. This move aims to boost Netflix's brand visibility rather than generate significant popcorn profits. The launch coincides with Netflix promoting its summer content slate and expanding its physical presence with theaters and planned 'Netflix House' complexes.

Portfolio Pulse from Surbhi Jain

June 21, 2024 | 1:22 pm

LCID

Lucid Motors (NASDAQ:LCID) is preparing to start pre-production of its Gravity SUV this summer with nearly 250 robots at its Arizona facility. The Gravity SUV, priced under $80,000, aims to compete with Tesla's Model X. Lucid reported a Q1 net loss of $680.9 million but has $5.03 billion in liquidity to sustain operations through mid-2025.

Portfolio Pulse from Anan Ashraf

June 21, 2024 | 1:11 pm

FDS

VO

VTI

FactSet Research Systems Inc (NYSE:FDS) reported a 4.3% Y/Y sales growth for Q3 fiscal 2024, with adjusted EPS beating analyst estimates. The company highlighted investments in AI to boost client efficiency. Despite revising its FY24 revenue outlook slightly downward, the adjusted EPS outlook was revised upward. FDS stock gained 3.92% premarket.

Portfolio Pulse from Anusuya Lahiri

June 21, 2024 | 1:10 pm

WRAP

Wrap Technologies' CEO Scot Cohen issued a letter to shareholders detailing the company's recent strategic pivots, including new auditors, NASDAQ compliance efforts, significant operational expense reductions, and a focus on de-escalation solutions. The company aims to become a leading provider of non-lethal de-escalation tools and training for law enforcement.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 1:06 pm