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TSLA

Boeing successfully launched its Starliner spacecraft with astronauts on board, marking its first crewed flight to the International Space Station. SpaceX also completed its fourth flight test of the Starship, achieving a soft landing in the Indian Ocean. Both events are significant for the space sector.

Portfolio Pulse from Chris Katje

June 07, 2024 | 8:13 pm

NISN

Nisun International (NASDAQ:NISN) has achieved a significant breakthrough in its egg business, establishing a strong presence with a daily supply capacity of over 20 million eggs within a year of entering the industry.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:07 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets experienced a significant sell-off following the Roaring Kitty live stream, with notable declines in Bitcoin, Ethereum, and Dogecoin. Coinglass data reported $337.08 million in crypto liquidations within four hours, primarily from long positions. Bitcoin holders in profit dropped from 98% to 87%, and exchange netflows surged by 209%. Despite the downturn, Bitcoin ETFs saw inflows of $217.78 million on June 5, pushing total inflows past $15 billion since January.

Portfolio Pulse from Khyathi Dalal

June 07, 2024 | 8:04 pm

HOOD

Robinhood Markets, Inc. (NASDAQ:HOOD) shares are trading lower despite being up over 30% in the past month. CEO Vlad Tenev assured the company is prepared for increased traffic from Roaring Kitty's livestream. Robinhood also announced a $200 million acquisition of crypto exchange Bitstamp. Analysts have mixed ratings on HOOD, with a 1-year price target averaging $21.95.

Portfolio Pulse from Erica Kollmann

June 07, 2024 | 7:33 pm

KLAC

Recent options trading trends in KLA (NASDAQ:KLAC) indicate a bullish stance among big-money investors, with 7 call options and 1 put option detected. The price range targeted by these trades is between $390.0 and $840.0. KLA's stock is currently trading at $766.07, down by 1.69%, with an RSI suggesting it may be approaching overbought territory. Analysts have mixed ratings with a consensus target price of $820.0.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 7:31 pm

VERO

Venus Concept Inc. (NASDAQ:VERO) shares surged by 126.7% in pre-market trading after the company announced it regained compliance with Nasdaq's minimum equity rule. This was achieved through a $35 million debt-to-equity transaction. Additionally, Venus Concept received a medical device license from Health Canada for its Venus Versa Pro system.

Portfolio Pulse from Vaishali Prayag

June 07, 2024 | 7:23 pm

PYPL

PayPal Holdings Inc. (NASDAQ:PYPL) has seen a 5.49% rise in its stock price following optimistic comments from CEO Alex Chriss at the Bank of America’s Global Technology Conference. Analysts note that Q2 EPS growth is ahead of guidance, and technical indicators signal a bullish trend. Despite a Neutral rating from Bank of America, PayPal's strategic initiatives and positive technical indicators suggest potential for further growth.

Portfolio Pulse from Surbhi Jain

June 07, 2024 | 7:17 pm

ASXC

BMEA

BNED

GERN

GME

VERO

U.S. stocks traded mixed with the Nasdaq Composite falling slightly. Key movers included Venus Concept, Asensus Surgical, Geron Corporation, Biomea Fusion, Barnes & Noble Education, and GameStop. Crude oil prices edged lower, and the total number of active U.S. oil rigs fell by four.

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 7:05 pm

ARCT

VRTX

Arcturus Therapeutics (NASDAQ:ARCT) presented promising Phase 1 and Phase 1b results for its inhaled mRNA therapeutic, ARCT-032, at the European Cystic Fibrosis Conference. The study showed improvements in lung function in cystic fibrosis patients, with no severe adverse events. Despite a small sample size, the data is encouraging, especially compared to Vertex Pharmaceuticals' (NASDAQ:VRTX) treatments.

Portfolio Pulse from Vandana Singh

June 07, 2024 | 6:44 pm

LMNR

Limoneira has raised its outlook for non-GAAP EBITDA accretion to a range of $45M-$55M by fiscal year 2030, up from its previous target of $30M. This is driven by plans to expand avocado production by 1,000 acres over the next three years. FY 2025 and FY 2026 operational results are expected to be similar to FY 2024.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 6:32 pm