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AAPL

NVDA

SPY

Nvidia has become the second-largest holding in the SPDR S&P 500 ETF Trust (SPY), surpassing Apple. Nvidia's strong AI capabilities have boosted its stock price, making it the third most valuable company globally. The SPY ETF, which tracks the S&P 500, now has Nvidia at a 6.39% weighting, just behind Microsoft at 6.91%. Apple is now the third-largest holding at 6.34%.

Portfolio Pulse from Shanthi Rexaline

June 05, 2024 | 10:39 am

HIBB

Hibbett reported a 5.8% year-over-year decrease in Q1 comparable sales and a 1.8% decline in net sales.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:39 am

AXP

EBAY

eBay Inc. (NASDAQ:EBAY) will stop accepting American Express Co. (NYSE:AXP) cards from August 17 due to high fees. This decision follows unsuccessful negotiations over interchange fees. eBay faces challenges in the e-commerce market, while Amex has seen growth in card member spending.

Portfolio Pulse from Benzinga Neuro

June 05, 2024 | 10:37 am

DLTR

Dollar Tree (NASDAQ:DLTR) reported Q1 earnings of $1.43 per share, beating the analyst estimate of $1.42. Sales were $7.63 billion, in line with expectations. Earnings decreased by 2.72% year-over-year, while sales increased by 4.22%.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:32 am

Global Blue has reiterated its financial outlook for fiscal years 2024 and 2025, projecting an adjusted EBITDA of more than €200 million.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:28 am

ARKB

BITB

FBTC

GBTC

IBIT

Bitcoin spot ETFs recorded a net inflow of $887 million on June 4, marking the second-highest single-day net inflow in history. Grayscale, Fidelity, and BlackRock led the charge with significant inflows into their Bitcoin investment products. Year-to-date inflows have surpassed $15 billion, indicating a bullish market. Ethereum also saw positive inflows following the SEC approval of a spot-based Ethereum ETF.

Portfolio Pulse from Murtuza Merchant

June 05, 2024 | 10:27 am

ASNS

PLTR

Actelis Networks, Inc. (NASDAQ:ASNS) saw its stock surge 700% after securing new orders for its cyber-hardened technology to be deployed at three U.S. military bases. The company achieved significant government security certifications, which have resulted in new orders and a strong pipeline for its federal market segment.

Portfolio Pulse from Pooja Rajkumari

June 05, 2024 | 10:23 am

Ford Motor Co (NYSE:F) reported an 88% increase in electric vehicle (EV) sales in the U.S. for the first five months of 2024, with significant growth across its EV lineup. Despite a challenging market, Ford's EV sales surged, contrasting with Tesla's global EV delivery decline.

Portfolio Pulse from Anan Ashraf

June 05, 2024 | 10:19 am

AAPL

HNHPF

MSFT

NVDA

Apple supplier Hon Hai Precision's subsidiary, Ingrasys, predicts its AI server sales will triple to over $31 billion next year, driven by the growing demand for AI solutions. This comes amid Nvidia's CEO Jensen Huang's prediction of a significant increase in data center spending. Ingrasys, which manufactured Nvidia's DGX-1 supercomputer donated to OpenAI, sees this as just the beginning of AI growth.

Portfolio Pulse from Rounak Jain

June 05, 2024 | 10:11 am

WDH

Waterdrop (NYSE: WDH) reported a 20% year-over-year increase in quarterly Adjusted EPADS to $0.04 per share, up from $0.03 per share. The company also reported a 10.58% increase in sales, reaching $97.60 million compared to $88.26 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:09 am