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Revenues

LULU

SPY

Initial jobless claims have risen, while unit labor costs increased but came in below expectations. Lululemon's stock rose following its earnings report.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:54 pm

NKLA

Nikola Corp (NASDAQ:NKLA) shareholders approved a reverse stock split to avoid potential Nasdaq delisting, but the company faces removal from the Russell 3000 Index, impacting investor visibility. Despite a recent 6% stock surge, Nikola's stock was down 3.5% at 52 cents, reflecting investor uncertainty. The company reported a decline in Q1 revenues and a non-GAAP net loss per share of 9 cents.

Portfolio Pulse from Surbhi Jain

June 06, 2024 | 2:47 pm

BA

EADSY

Saudia Group is considering purchasing wide-body jets, specifically the Boeing 787 and Airbus A330, to meet demand due to a shortage of production slots for narrow-body jets. The order is expected to be placed this year.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:40 pm

ALB

Albemarle (NYSE:ALB) has outperformed the market over the past 20 years with an average annual return of 10.88%, resulting in an $800.78 value today for a $100 investment made 20 years ago. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 2:30 pm

MU

Micron Technology (NASDAQ:MU) has significantly outperformed the market over the past 5 years, delivering an average annual return of 30.18%. A $1000 investment in MU 5 years ago would be worth $3,728.39 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 2:30 pm

SPY

UNG

The latest data on USA natural gas storage shows an increase of 98 billion cubic feet, surpassing the estimated 89 billion cubic feet and the prior week's 84 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:30 pm

GHBWF

GLASF

Michigan has surpassed California in legal cannabis unit sales, selling 22 million products in March compared to California's 21.3 million. Despite California leading in revenue, high taxes and weak enforcement against illegal sales have hurt its market. Michigan's lower taxes and strong enforcement have boosted its legal market, attracting out-of-state customers. California's cannabis industry faces significant challenges, including rampant illegal operations and environmental damage.

Portfolio Pulse from Patricio Liddle

June 06, 2024 | 2:16 pm

INTC

NVDA

SMCI

TSM

Intel and Sharp are collaborating to innovate chip production and cut costs by using Sharp's underutilized LCD plants in Japan. This partnership will help Intel focus on back-end chip production processes and provide Sharp with needed income. Nvidia is considering Intel as a potential supplier, while TSMC faces supply chain constraints and plans to hike prices. Intel aims to enhance its AI chip offerings, potentially generating significant revenue in 2024.

Portfolio Pulse from Anusuya Lahiri

June 06, 2024 | 2:11 pm

LHX

The U.S. Air Force has awarded a contract to L3Harris Technologies for the modernization of the B-52 aircraft.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:09 pm

MAIA

MAIA Biotechnology has announced significant year-to-date achievements, including clinical progress of its lead candidate THIO, a first-in-class cancer telomere targeting agent for non-small cell lung cancer (NSCLC). The company has secured over $12 million in funding, with $7.4 million raised in Q2'24. THIO has shown exceptional efficacy in Phase 2 clinical trials, with a 38% overall response rate and a median progression-free survival of 5.5 months, outperforming current standard-of-care treatments.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 2:08 pm