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RTH

Amazon has committed $1.4 billion to its Housing Equity Fund to create 14,000 affordable housing units in Seattle, Nashville, and Washington metro areas, raising its total housing pledge to $3.6 billion. This initiative aims to help families earning 30% to 80% of the area's median income. Additionally, Amazon plans to invest billions in Taiwan for data centers and launch an AWS infrastructure region by 2025. Amazon's stock has gained 48% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 12:17 pm

RBRK

Rubrik, Inc. (NYSE:RBRK) reported a year-over-year increase in Q1 sales and issued Q2 revenue guidance above estimates. Despite a quarterly loss, analysts have increased their price targets for the company.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 12:16 pm

TMC

TMC the metals company Inc. (NASDAQ:TMC) and SGS Canada Inc. have successfully produced the world's first cobalt sulfate derived from deep-seafloor polymetallic nodules. This milestone demonstrates the viability of TMC's resource for battery and energy transition markets, and follows their recent production of nickel sulfate from similar sources.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:14 pm

BIAF

bioAffinity Technologies, Inc. (NASDAQ:BIAF) reported a 139% growth in the number of pulmonology practices and physicians offering its CyPath® Lung test since January 1, 2024. The company is ahead of forecasts in onboarding pathology practices.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:11 pm

DOX

ORCL

T

AT&T Mexico has completed a major cloud transformation of its Amdocs Customer Experience Suite (CES) systems to Oracle Cloud Infrastructure (OCI). This migration is expected to facilitate new business models and reduce operational costs.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:09 pm

EDUC

Educational Development Corporation (NASDAQ:EDUC) has announced a sale and leaseback agreement for its headquarters and warehouse facility, the Hilti Complex, for $35.5 million. The proceeds will be used to pay off existing loans.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:08 pm

AAPL

GOOG

GOOGL

MSFT

NVDA

Apple Inc. (NASDAQ:AAPL) has become the first brand to surpass $1 trillion in brand value, according to Kantar’s BrandZ rankings. This marks a 15% increase from the previous year. Apple retains its top spot for the third consecutive year, followed by Alphabet Inc.'s Google (NASDAQ:GOOG, GOOGL) and Microsoft Corp. (NASDAQ:MSFT). Nvidia Corp. (NASDAQ:NVDA) also made its debut in the top 10 most valuable brands, with its brand value nearly tripling to over $200 billion.

Portfolio Pulse from Rounak Jain

June 12, 2024 | 12:08 pm

AMSC

AMSC has secured a $75 million multi-year contract with Irving Shipbuilding to provide ship protection systems and engineering support for the Royal Canadian Navy. The first delivery is expected in 2026.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:06 pm

VRA

Vera Bradley has provided its financial guidance for FY25, projecting revenue between $460 million and $480 million, compared to the estimated $474.43 million. The company also expects EPS to be in the range of $0.54 to $0.62, versus the estimated $0.58.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:05 pm

EOLS

Evolus, Inc. (NASDAQ:EOLS) has launched its botulinum toxin type A product, Nuceiva®, in Spain, marking a significant step in its geographic expansion strategy. This move targets one of the largest aesthetic toxin injectable markets in Europe.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 12:04 pm