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SHOT

Safety Shot has announced the availability of its products in New York and New Jersey through boutique broker Prime CSB, as part of its Northeast expansion plan.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 5:38 pm

AXP

EBAY

eBay has announced that it will stop accepting American Express globally due to 'unacceptably high processing fees.' This decision is expected to impact both companies in the short term.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 5:37 pm

AMZN

CLOU

LRNZ

MSFT

SNOW

Snowflake Inc (NYSE:SNOW) is focusing on AI acquisitions to boost growth under new CEO Sridhar Ramaswamy. Despite a failed $1 billion acquisition of Reka AI, Snowflake plans to onboard 35 employees from AI startup TruEra. The company aims to revitalize revenue growth, which has slowed significantly. Snowflake faces competition from Databricks and cloud giants like Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN). Snowflake's stock has dropped 30% year-to-date.

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 5:33 pm

DIVD

IDVO

Toyota Motor Corporation (NYSE:TM) shares are trading lower due to a recall of over 100,000 vehicles in the U.S. because of engine debris concerns. However, the company announced a $282 million investment to expand its Huntsville plant, adding 350 new jobs. Investors can gain exposure to Toyota through ETFs like Amplify CWP International Enhanced Dividend Income ETF (NYSE:IDVO) and Altrius Global Dividend ETF (NASDAQ:DIVD).

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 5:29 pm

NXPI

TSM

UMC

Vanguard International Semiconductor Corporation (VIS) and NXP Semiconductors N.V. (NASDAQ:NXPI) are investing $7.8 billion in a new semiconductor facility in Singapore. VIS will hold a 60% stake, while NXP will hold 40%. The facility will focus on 300mm semiconductor wafers for various markets, with production starting in 2027. The technology will be licensed from Taiwan Semiconductor Mfg. Co. Ltd (NYSE:TSM).

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 5:26 pm

EWZ

MELI

MercadoLibre has announced plans to open two additional distribution centers in Brazil this year, aiming to enhance its logistics network and improve delivery times in the region.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 5:21 pm

BNTX

MRNA

NVAX

PFE

Novavax, Inc. (NASDAQ:NVAX) shares have surged over 300% in the past month, driven by positive COVID-19 vaccine news. The company, along with Pfizer, BioNTech, and Moderna, is preparing to deliver updated vaccines targeting new subvariants. High trading volume and short interest are contributing to significant price movements.

Portfolio Pulse from Erica Kollmann

June 05, 2024 | 5:21 pm

BTCUSD

SPY

Crypto researcher TradeTheFlow analyzed Bitcoin's summer performance over the past eight years, finding mixed results that challenge the 'Sell in May and go away' narrative. The analysis shows that Bitcoin's summer performance is not predictably dull, with significant variations influenced by macroeconomic conditions. Bloomberg analyst Eric Balchunas also noted record inflows into equity ETFs in May, further questioning the seasonal investment strategy.

Portfolio Pulse from Khyathi Dalal

June 05, 2024 | 5:18 pm

AMD

NVDA

PLTR

SMCI

Dominari Financial CEO Kyle Wool discussed the potential benefits for AMD and Palantir from Nvidia's stock surge, highlighting AMD's potential to reach $200 and Palantir's growth in its AI protocol business. Wool also mentioned the significant AI investments by Elon Musk, which could further drive Nvidia's stock and benefit companies like Super Micro Computer.

Portfolio Pulse from Surbhi Jain

June 05, 2024 | 5:13 pm

PSI

SOXX

Micron Technology (NASDAQ:MU) announced the sampling of its next-generation GDDR7 graphics memory at the Computex event in Taiwan. The new memory boasts the industry's highest bit density and offers significant performance improvements over GDDR6. Analysts also noted Nvidia's advancements as a catalyst for Micron. Micron expects HBM to be a multibillion-dollar business by fiscal 2025 and plans to invest in a new plant in Hiroshima. Micron stock has gained 87% in the last 12 months, and investors can gain exposure via Invesco Semiconductors ETF (NYSE:PSI) and iShares Semiconductor ETF (NASDAQ:SOXX).

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 5:08 pm