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F

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

PII

Polaris Adventures, a division of Polaris Inc., is expanding its boat rental services across its network, offering more outdoor recreational options for customers.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:09 am

NIO

TSLA

Nio Inc. (NYSE:NIO) shares are rising after receiving approval to build a third factory in China, increasing its production capacity to nearly 1 million vehicles annually. This positions Nio close to Tesla Inc. (NASDAQ:TSLA), whose Shanghai facility can produce 1.1 million vehicles per year. The new factory will primarily manufacture vehicles for Nio’s new budget brand, Onvo.

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 10:08 am

WDH

Waterdrop (NYSE:WDH) reported $97.60 million in sales for Q1, marking a 10.58% increase from $88.26 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 10:01 am

BA

Akasa Air's CEO announced that the airline expects to receive deliveries of Boeing 737 MAX 10 aircraft by summer 2027.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 9:24 am

VGK

The Eurozone Services Purchasing Managers Index (PMI) for May came in at 53.2, slightly below the estimated 53.3 and the prior month's 53.3.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:13 am

EWG

The Germany Services Purchasing Managers Index (PMI) for May came in at 54.2, surpassing the estimated 53.9 and the prior month's 53.2. This indicates an expansion in the services sector.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:12 am

EWQ

The France Services Purchasing Managers Index (PMI) for May came in at 49.3, below the estimated 49.4 and the prior month's 51.3. This indicates a contraction in the services sector.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 8:12 am