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The top 10 AI-related stocks now comprise 28% of the S&P 500, doubling their share since early 2023. This surge has significantly contributed to the S&P 500's performance, with NVIDIA, Google, and Microsoft being major drivers. The SPDR S&P 500 ETF Trust (SPY) has appreciated by over 30% in the past eight months.

Portfolio Pulse from Hayden Buckfire

June 18, 2024 | 3:45 pm

PSX

Phillips 66 CEO stated at the JP Morgan Conference that there is little incentive for the U.S. to cut back on refinery crude runs.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:38 pm

GWAV

Greenwave Technology Solutions, Inc. (NASDAQ: GWAV) shares are trading higher after the company announced the completion of its recapitalization, strengthening its balance sheet by $80.5 million and achieving a cash balance of over $26 million. The company projects revenue exceeding $40 million in 2024 and plans to expand its technology platform and AI development.

Portfolio Pulse from Erica Kollmann

June 18, 2024 | 3:37 pm

SYNX

Silynxcom shares are trading higher after the company announced securing multiple orders from U.S. Federal and Law Enforcement Organizations for its new tactical system.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:36 pm

MBIO

Mustang Bio, Inc. (NASDAQ:MBIO) shares are trending upward after the company announced positive safety and efficacy data from its Phase 1/2 clinical trial of MB-106, a potential treatment for certain blood cancers. The data showed a 90% response rate with three complete responses, one of which remains in complete remission at 31 months. The data was presented at the European Hematology Association 2024 Hybrid Congress.

Portfolio Pulse from Dylan Berman

June 18, 2024 | 3:34 pm

PSX

Phillips 66 CEO stated that gasoline demand has not yet reached its typical levels for the driving season during the JP Morgan Conference.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:34 pm

WPM

Wheaton Precious Metals (NYSE:WPM) has outperformed the market over the past 5 years, delivering an average annual return of 16.18%. A $100 investment in WPM 5 years ago would be worth $219.05 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 3:30 pm

HD

Home Depot (NYSE:HD) has significantly outperformed the market over the past decade, delivering an average annual return of 15.98%. A $100 investment in Home Depot 10 years ago would now be worth $439.17. The company's current market capitalization stands at $351.15 billion.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 3:30 pm

CGNT

Cognyte Software Ltd. (NASDAQ:CGNT) reported strong Q1 fiscal 2025 results, with sales growth of 12.9% year over year, beating consensus estimates. The company also reported a smaller-than-expected adjusted EPS loss and improved margins. Despite the positive results and an increased outlook for fiscal 2025, CGNT shares are trading lower by 5.63%.

Portfolio Pulse from Akanksha Bakshi

June 18, 2024 | 3:27 pm

PSX

Phillips 66 CEO stated that refining margins were more lackluster than expected in Q2 during the JP Morgan Conference.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:24 pm