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CELH

MNST

A recent article suggests that ingredients in popular energy drinks like Red Bull, Celsius, and Monster may be linked to gut bacteria that accelerate tumor growth, potentially contributing to a colon cancer crisis among young people.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:43 pm

WULF

TeraWulf Inc. (NASDAQ:WULF) shares are trading higher after the company provided an unaudited monthly production and operations update for May 2024. The company self-mined 186 bitcoin in May, with an average production rate of 6 bitcoin per day. Power costs averaged $31,239 per bitcoin. TeraWulf's installed and operational self-mining capacity reached 8.0 EH/s, an 82% year-over-year increase. The company is also making progress on new facilities that will further increase capacity. Analysts have a positive outlook on the stock with an average 12-month price target of $3.78.

Portfolio Pulse from Erica Kollmann

June 04, 2024 | 5:37 pm

THMO

ThermoGenesis has entered a three-year manufacture and supply agreement with CBR Systems for its AutoXpress Cord Blood Processing System and disposables, with automatic one-year renewals.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:31 pm

GTBIF

Illinois' cannabis market saw $144.5M in adult-use sales in April, marking a 9.5% year-over-year growth. Despite a slight month-over-month decline, the market shows resilience. Medical cannabis sales declined by 3.3%. Legislative challenges persist, with Green Thumb Industries Inc. (OTCQX:GTBIF) facing criticism for lobbying against extending medical cannabis access.

Portfolio Pulse from Patricio Liddle

June 04, 2024 | 5:31 pm

DARP

MU

NVDA

SMH

Nvidia is finalizing the certification process for Samsung's high-bandwidth memory (HBM) chips, which are crucial for training AI platforms. Nvidia is also evaluating HBM chips from Micron Technology. SK Hynix, a key supplier to Nvidia, has seen a stock surge due to its advanced HBM3 and HBM3e chips. Samsung's shares rose by 4.1% following Nvidia CEO Jensen Huang's comments on the need for additional engineering work on Samsung's HBM product. Nvidia's stock has gained over 195% in the last 12 months, and investors can gain exposure via VanEck Semiconductor ETF and Grizzle Growth ETF.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 5:27 pm

BTCUSD

Jan VanEck, CEO of VanEck, predicts Bitcoin could reach half the market cap of gold within five to ten years, despite current skepticism among traditional finance clients. He emphasizes the need for better investment strategies and highlights a growing trend of international investors seeking alternatives to the US financial system.

Portfolio Pulse from Murtuza Merchant

June 04, 2024 | 5:23 pm

MRIN

Marin Software Incorporated (NASDAQ:MRIN) shares are trading higher after the company announced upgrades to its Amazon integration, including Sponsored TV, non-endemic advertising, and global access to the Demand-Side Platform (DSP). The stock is experiencing heavy trading volume, nearly five times its average.

Portfolio Pulse from Erica Kollmann

June 04, 2024 | 5:20 pm

MRIN

Marin Software Incorporated shares are trading higher after the company announced enhancements to its Amazon integration.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:20 pm

CAPR

Capricor Therapeutics (NASDAQ: CAPR) announced positive three-year results from its HOPE-2 open-label extension study with CAP-1002, showing continued benefits for DMD patients. The stock is trading 4.43% higher following the news.

Portfolio Pulse from Dylan Berman

June 04, 2024 | 5:12 pm

HOOK

HOOKIPA Pharma announced positive Phase 2 results for its HB-200 treatment combined with pembrolizumab in HPV16+ head and neck cancer. The data showed significant clinical activity, particularly in patients with a PD-L1 combined positive score (CPS) of 20 or higher. The company will host a conference call to discuss these results.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:03 pm