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Ford Motor Company (NYSE:F) shares are trading lower on Tuesday despite a significant increase in electric and hybrid vehicle sales for May. The company also started mass production of the all-electric Ford Explorer in Europe. However, the Model E electric vehicle unit is experiencing substantial losses.

Portfolio Pulse from Nabaparna Bhattacharya

June 04, 2024 | 4:19 pm

WULF

TeraWulf shares are trading higher following the company's announcement of its Bitcoin production for May 2024.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:18 pm

VSTE

Vast Renewables Limited (NASDAQ: VSTE) has received planning consent for Solar Methanol 1 (SM1), a CSP-powered reference plant in Port Augusta, South Australia, that will produce 7,500 tonnes of green methanol annually. The project, co-developed with Mabanaft GmbH & Co. KG, aims to decarbonize shipping and support South Australia's hydrogen industry. The project has secured funding from the Australian Renewable Energy Agency (ARENA) and Projektträger Jülich (PtJ) as part of the HyGATE collaboration between Australia and Germany.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:17 pm

SNOW

Databricks is acquiring data-optimization startup Tabular, which specializes in the Apache Iceberg format, for an estimated $1-2 billion. This move is seen as a direct challenge to Snowflake, which has also made Iceberg-related announcements. The acquisition aims to enhance Databricks' product offerings and competitiveness against Snowflake.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:12 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The stock market is experiencing growth fears due to weak ISM Manufacturing Index data, which has increased the probability of a rate cut in September. Nvidia's announcement of a new AI chip platform, Rubin, is helping to support the market. Early trade shows mixed money flows among major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

June 04, 2024 | 4:11 pm

ANNX

Annexon Inc (NASDAQ:ANNX) announced positive topline results from its Phase 3 trial for ANX005 in treating Guillain-Barré syndrome (GBS). The trial met its primary endpoint, showing significant improvement in the GBS-disability scale and other key secondary endpoints. ANNX shares rose by 31.07% following the news.

Portfolio Pulse from Vandana Singh

June 04, 2024 | 4:06 pm

ANNX

BBWI

DBI

MLGO

NDRA

SOBR

U.S. stocks traded lower with the Nasdaq Composite falling over 50 points. Bath & Body Works shares tumbled around 10% after reporting Q1 results. MicroAlgo Inc shares surged 365% following a new research center announcement. Sobr Safe Inc shares rose 140% due to new device purchases. Annexon, Inc. shares gained 28% after a successful Phase 3 trial. ENDRA Life Sciences Inc shares dropped 66% after a public offering announcement. Equillium Inc shares fell 22% following Phase 2 study data. Designer Brands Inc shares fell 18% after Q1 earnings.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 4:00 pm

BTCUSD

ETHUSD

SOLUSD

CryptoCred, a pseudonymous cryptocurrency trader, provided an in-depth analysis of Bitcoin, Ethereum, and Solana, emphasizing key levels and market dynamics. He highlighted Bitcoin's positive monthly close and the importance of the $66,000 range midpoint on the daily time frame. For Ethereum, he pointed out critical levels at $3928 and $3600. For Solana, he identified $170 as a key technical level but expressed less confidence in support levels below $170.

Portfolio Pulse from Khyathi Dalal

June 04, 2024 | 3:54 pm

SPOT

Spotify has partnered with indie streamer Nebula to stream a curated selection of Nebula's video content to Spotify's 615 million users. The content will be available via Spotify's 'Spotify for Podcasters' hub. This partnership aims to enhance creator engagement and expand Nebula's reach.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:46 pm

VKTX

Viking Therapeutics shares are trading lower after an initial rise due to data from the company's Phase 2b VOYAGE study of VK2809.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:46 pm