Streetbeat News

Products Services

IBRX

ImmunityBio shares are trading higher following the announcement of insurance coverage for ANKTIVA across multiple states and the administration of the first commercial doses.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 3:40 pm

GILD

Gilead Sciences, Inc. (NASDAQ:GILD) stock is trading higher on Friday following the release of positive Phase 3 trial data for its HIV prevention drug, Lenacapavir. The drug showed 100% efficacy in preventing HIV in cisgender women, outperforming the once-daily oral Truvada.

Portfolio Pulse from Dylan Berman

June 21, 2024 | 3:36 pm

JPM

JPMorgan Chase is expanding its presence in South Florida by doubling its office space in downtown Miami and opening a new office in West Palm Beach. The expansion will add capacity for 400 additional employees and create over 380 local construction jobs annually. The firm also plans to open three new J.P. Morgan-branded branches in Palm Beach County next year.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 3:33 pm

MARA

Deep-pocketed investors have shown significant interest in Marathon Digital Holdings (NASDAQ:MARA) through options trading, with a majority leaning bullish. The stock is currently trading at $19.59, down by 5.18%. Analysts have mixed ratings, with price targets ranging from $14 to $27.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 3:31 pm

VALE

Vale SA (NYSE:VALE) plans to invest $3.3 billion to boost its copper and nickel production, aiming to increase copper output to 500,000 tons by 2028. The investment will focus on upgrades to mines in Brazil and Canada, aligning with the company's strategy to capitalize on rising copper demand and transition to green energy.

Portfolio Pulse from Stjepan Kalinic

June 21, 2024 | 3:29 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) has secured a 25 MW green hydrogen electrolyzer order in Europe, marking a significant step in the company's expansion and contribution to EU decarbonization targets. The project includes five 5 MW PEM electrolyzers and could expand up to 2 GW. Despite this positive news, PLUG shares are trading lower by 1.38% to $2.50.

Portfolio Pulse from Nabaparna Bhattacharya

June 21, 2024 | 3:27 pm

APO

CSCO

GE

PSTG

ZBH

Benzinga's Stock Whisper Index highlights five stocks that are gaining attention from investors: Zimmer Biomet Holdings, Pure Storage Inc, Apollo Global Management, Cisco Systems, and GE Aerospace. These companies are involved in significant partnerships, technological advancements, and market trends that could impact their stock prices.

Portfolio Pulse from Chris Katje

June 21, 2024 | 3:19 pm

CME

CME Group Inc (NASDAQ:CME) shares dropped following a downgrade by JPMorgan analyst Kenneth Worthington, who cited the entry of FMX Exchange into the U.S. interest rate futures market as a significant threat. Worthington downgraded CME from Neutral to Underweight and reduced the price target from $206 to $187, highlighting FMX's competitive advantages and the frustration of CME's partners.

Portfolio Pulse from Priya Nigam

June 21, 2024 | 3:16 pm

NFLX

Netflix is nearing the $700 milestone with a significant subscriber surge, reporting 269.6 million paid subscribers by Q1 2024. The stock has surged over 300% from its May 2022 low, driven by an ad-supported tier and strict account-sharing policies. Investors are closely watching if Netflix can break past the $700 mark.

Portfolio Pulse from Zaheer Anwari

June 21, 2024 | 3:15 pm

NIO

NIO Inc. (NYSE:NIO) has launched a new flagship NIO House in Hamburg, Germany, marking its fourth showroom in the country and eighth in Europe. This expansion comes amid increased tariffs on Chinese electric vehicles by the European Commission, which will impact NIO with an additional 21% tariff. Despite the challenges, NIO remains committed to the European market.

Portfolio Pulse from Nabaparna Bhattacharya

June 21, 2024 | 3:13 pm