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SHIBUSD

Whale investors are showing significant interest in Shiba Inu, Cardano, and JasmyCoin, leading to a surge in their prices. Large transactions for these cryptocurrencies have more than doubled this week compared to 2024 averages, signaling accumulation.

Portfolio Pulse from Aniket Verma

June 06, 2024 | 3:20 am

LULU

OPTHF

Optimi Health Corp. (OTC:OPTHF) has received a license to export psilocybin and MDMA to Australia, marking a significant milestone in the medical psychedelic drugs market. The company aims to become a key player in the manufacture of pharmaceutical-grade psychedelics. Despite regulatory challenges in the U.S., Optimi is positioning itself for global market leadership.

Portfolio Pulse from Rolando García

June 06, 2024 | 1:12 am

LLY

NVO

Novo Nordisk is facing significant competition in China as local pharmaceutical companies develop generic versions of its key diabetes and obesity drugs, Ozempic and Wegovy. The patent for these drugs is set to expire in China in 2026, and an adverse court ruling could lead to an earlier loss of patent protection. This could impact Novo Nordisk's market share in a crucial market where it has seen significant sales growth. Additionally, Novo Nordisk faces competition from Eli Lilly's diabetes drug Mounjaro, which was recently approved in China.

Portfolio Pulse from Benzinga Neuro

June 06, 2024 | 1:07 am

FLYE

Electric Vehicle Company Fly-E Group has announced the pricing of its IPO at $4.00 per share for 2.25 million shares, with trading set to begin on Nasdaq under the symbol 'FLYE' on June 6, 2024. The company expects to raise $9.0 million from the offering, which will be used for inventory, production costs, retail expansion, technology, R&D, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:08 pm

17 Education & Technology reported Q1 sales of $3.50 million, a significant increase from $1.35 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:04 pm

CTSH

Cognizant Tech Solutions (NASDAQ: CTSH) has outperformed the market over the past 20 years with an average annual return of 12.9%, resulting in a $1000 investment growing to $11,316.06. The company currently has a market capitalization of $32.58 billion.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 9:30 pm

UBS

UBS Group (NYSE:UBS) has significantly outperformed the market over the past 5 years, delivering an average annual return of 21.29%. A $100 investment in UBS 5 years ago would be worth $263.83 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 9:30 pm

FSLR

RUN

SEDG

SPWR

Several solar stocks, including First Solar, Sunrun, SolarEdge Technologies, and SunPower, rallied on Wednesday due to reports of lawmakers pushing for an investigation into Chinese solar firms for allegedly evading U.S. tariffs. Despite the positive movement, Goldman Sachs maintained a Sell rating on SunPower and lowered its price target.

Portfolio Pulse from Vaishali Prayag

June 05, 2024 | 9:28 pm

BNED

IMMR

Barnes & Noble Education Inc (NYSE:BNED) shares surged in extended trading after shareholders approved significant equity and refinancing transactions. The company will receive $95 million in gross proceeds, including a $50 million equity investment from Immersion Corp and a $45 million equity rights offering. The refinancing will strengthen BNED's financial position and enable strategic investments.

Portfolio Pulse from Adam Eckert

June 05, 2024 | 9:22 pm

ELF

e.l.f. Beauty (NYSE:ELF) has significantly outperformed the market over the past 5 years, with an annualized return of 71.23%. A $100 investment in ELF 5 years ago would be worth $1,498.22 today. The company's market capitalization is currently $10.33 billion.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 9:00 pm