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BLBD

LCID

RIVN

STLA

TSLA

Blue Bird Corp (NASDAQ:BLBD), a maker of low-emission school buses, has seen its stock surge by 117% this year, driven by the Biden administration’s Clean School Bus Program. In contrast, major EV players like Tesla (NASDAQ:TSLA), Rivian (NASDAQ:RIVN), and Lucid (NASDAQ:LCID) have experienced significant stock declines. Blue Bird's strong financial performance and growing demand for electric buses have contributed to its impressive growth.

Portfolio Pulse from Anan Ashraf

June 07, 2024 | 9:06 am

NIO

Nio Inc. (NYSE:NIO) plans to expand into the UAE by the end of this year, aiming to ship its lowest-cost brand, Firefly, in the first half of next year. The company has received funding from Middle East-based investors and saw record-high deliveries in May. Nio's recent partnership with Melexis for advanced sensor technology is expected to enhance its BEVs' performance.

Portfolio Pulse from Benzinga Neuro

June 07, 2024 | 9:04 am

VGK

The Eurozone's Gross Domestic Product (GDP) grew by 0.4% year-over-year, matching the estimated growth rate and showing an improvement from the prior 0.1% growth.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 9:02 am

VGK

The Eurozone's Gross Domestic Product (GDP) for Q1 grew by 0.3% quarter-over-quarter, matching the estimated growth and improving from the previous quarter's 0.0% growth.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 9:01 am

FBTC

GBTC

IBIT

Bitcoin spot ETFs in the U.S. have seen a record-breaking 18-day streak of net inflows, reflecting growing institutional demand for cryptocurrencies. BlackRock's iShares Bitcoin Trust (IBIT) led with $350 million in inflows, while Grayscale Bitcoin Trust (GBTC) saw net outflows of $38 million.

Portfolio Pulse from Aniket Verma

June 07, 2024 | 8:21 am

ALVO

Alvotech (NASDAQ:ALVO) has secured a $965 million refinancing deal led by GoldenTree Asset Management to improve its financial flexibility and support upcoming product launches. The deal includes a $900 million term loan and an optional $65 million term loan, both maturing in June 2029.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:03 am

MMI

Marcus & Millichap's IPA Division has secured $72.24 million for refinancing the La Vista City Centre, a multifamily, office, and retail development in La Vista, Nebraska. The financing was secured by Frank Montalto on behalf of City+Ventures.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 7:21 am

VLRS

Volaris reported a 17.5% YoY decline in ASM capacity and a 15.9% decrease in RPMs for May 2024, primarily due to Pratt & Whitney engine inspections and aircraft groundings. Despite this, the load factor increased to 86.1%.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 7:05 am

QSR

Restaurant Brands International (RBI) has priced $1.2 billion in senior secured notes at 6.125% due 2029 to refinance part of its existing Term Loan B facility. Additionally, RBI will reprice its existing Term Loan B facility due September 2030 from SOFR plus 2.25% to SOFR plus 1.75%. These transactions are expected to be net leverage neutral and result in annualized net interest savings.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 6:59 am

GHM

JILL

LULU

SJM

The CNN Money Fear and Greed index remained in the 'Neutral' zone on Thursday. U.S. stocks had a mixed performance, with the Dow Jones gaining, while the S&P 500 and Nasdaq Composite fell slightly. Lululemon Athletica Inc. (NASDAQ:LULU) and The J. M. Smucker Company (NYSE:SJM) saw significant gains after reporting strong financial results. Investors are awaiting the nonfarm payrolls report for May and earnings results from J.Jill, Inc (NYSE:JILL) and Graham Corporation (NYSE:GHM).

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 6:39 am