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GEO

Citron Research has posted on X that GEO Group's stock should be trading at over $20, citing a New York Post headline about DHS identifying 400 migrants smuggled into the US by an ISIS-affiliated network.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:54 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) is set to announce a new lineup of lower-cost vehicles, potentially adding 100,000 units to its annual volumes. Goldman Sachs analyst Mark Delaney suggests these new models could include a smaller Model 3, a van, and a robotaxi. The new models are expected to be priced between $25,000 and $35,000, targeting new consumer segments. Despite the optimistic forecasts, Goldman Sachs maintains a 'Neutral' rating on Tesla with a 12-month price target of $175.

Portfolio Pulse from Piero Cingari

June 26, 2024 | 1:45 pm

DIS

PENN

Walt Disney Co. is hiring multiple senior-level design roles for its sports betting products. This could lead to cross-company collaborations with Penn Entertainment, which runs the ESPN Bet sportsbook, and expanded betting content on the ESPN app.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:40 pm

KSCP

Knightscope has announced the deployment of two new K5 Autonomous Security Robots for a rapidly growing self-storage company in high-density urban markets.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:40 pm

SVRA

Savara Inc (NASDAQ: SVRA) announced that its Phase 3 IMPALA-2 trial for molgramostim, a treatment for autoimmune pulmonary alveolar proteinosis (aPAP), met its primary endpoint. The trial showed statistically significant improvements in lung function and quality of life measures. As a result, SVRA shares surged 30% in premarket trading.

Portfolio Pulse from Vandana Singh

June 26, 2024 | 1:36 pm

BABA

BIDU

MSFT

OpenAI's decision to end access to its AI development tools in China is expected to reshape the AI sector, benefiting local companies like Baidu and Alibaba. This move highlights growing US-China tech tensions and may disadvantage smaller startups reliant on OpenAI's tools.

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 1:33 pm

TEM

Tempus AI, Inc. (NASDAQ:TEM) has received FDA 510(k) clearance for its AI-based Tempus ECG-AF device, which identifies patients at increased risk of atrial fibrillation/flutter. This marks the first FDA clearance for an AF indication in cardiovascular machine learning-based notification software.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:31 pm

CWBHF

WMT

Charlotte’s Web Holdings, Inc. announced that its hemp-derived CBD wellness products are now available at 827 Walmart stores across five states. This move expands Charlotte’s Web's retail presence and offers affordable CBD topicals to Walmart customers. Despite this, Charlotte’s Web's shares fell by 5.53%, while Walmart's shares saw a minor decline of 0.16%.

Portfolio Pulse from Jelena Martinovic

June 26, 2024 | 1:31 pm

AFRM

PYPL

Afterpay's research indicates that 4 in 5 'Buy Now, Pay Later' (BNPL) customers find the pay-in-four model reduces financial stress. Over 75% of users say BNPL eases financial strain during purchases and installments. The study highlights increased financial stress among Americans, particularly Millennials and Gen Z, who are preparing for major life changes.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 1:30 pm

AAPL

IYW

TMUS

VGT

Apple Inc. (NASDAQ:AAPL) has introduced Rich Communication Services (RCS) support in its Messages app with the latest iOS 18 update, enhancing cross-platform messaging capabilities. This update allows iPhone users to communicate more effectively with Android users, bridging the gap between different device ecosystems. The RCS feature is currently available through major U.S. carriers such as T-Mobile US Inc (NASDAQ:TMUS), AT&T Inc (NYSE:T), and Verizon Communications Inc (NYSE:VZ). Apple stock has gained over 12% in the last 12 months, and investors can gain exposure via Vanguard Information Technology ETF (NYSE:VGT) and IShares U.S. Technology ETF (NYSE:IYW).

Portfolio Pulse from Shivani Kumaresan

June 26, 2024 | 1:29 pm