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ANNX

DBI

EQ

MLGO

NDRA

SOBR

U.S. stocks turned higher with the Dow Jones gaining around 200 points. Designer Brands Inc (NYSE:DBI) shares plunged over 22% following disappointing Q1 earnings. MicroAlgo Inc (NASDAQ:MLGO) shares surged 558% after announcing a new research center. Sobr Safe Inc (NASDAQ:SOBR) shares rose 96% due to new device purchases. Annexon, Inc. (NASDAQ:ANNX) shares increased 28% after positive Phase 3 trial results. ENDRA Life Sciences Inc (NASDAQ:NDRA) shares dropped 64% following a public offering announcement. Equillium Inc (NASDAQ:EQ) shares fell 24% after Phase 2 study results.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 6:32 pm

BX

Blackstone (NYSE:BX) has outperformed the market over the past 15 years with an average annual return of 17.25%, significantly higher than the market average. A $1000 investment in BX 15 years ago would be worth $10,836.36 today.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 6:30 pm

MPC

Marathon Petroleum (NYSE:MPC) has outperformed the market over the past 10 years with an average annual return of 15.08%, resulting in a $1000 investment growing to $3,988.11. The company currently has a market capitalization of $60.87 billion.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 6:30 pm

COIN

Coinbase Global Inc. (NASDAQ:COIN) shares are surging, coinciding with a rise in Bitcoin prices. Bitcoin has climbed approximately 2% in the past 24 hours and is up more than 4.25% over the past week. The positive momentum in crypto markets is driving buying interest in crypto-related stocks like Coinbase, which was up about 6%. Bitcoin spot ETFs have also seen significant inflows, contributing to the bullish sentiment.

Portfolio Pulse from Vaishali Prayag

June 04, 2024 | 6:19 pm

NVDA

TSLA

Elon Musk announced that Tesla will spend roughly $10 billion on AI-related expenditures this year, with about half of it being internal costs. He also mentioned that Tesla's purchases of Nvidia hardware for AI training superclusters will be between $3 billion to $4 billion.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:17 pm

BLK

Bitcoin prices are nearing record highs, driven by BlackRock's Bitcoin spot ETF achieving record-breaking inflows. Other major cryptocurrencies like Ethereum, Binance Coin, and Solana also saw gains. The rapid growth of Bitcoin ETFs, including new approvals in Thailand and Australia, is fueling adoption. Upcoming Nonfarm Payroll data could further impact Bitcoin prices.

Portfolio Pulse from Murtuza Merchant

June 04, 2024 | 6:07 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has outperformed the market over the past 20 years with an average annual return of 9.1%. A $100 investment in MRVL 20 years ago would be worth $562.29 today. The article highlights the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 6:00 pm

SPGI

S&P Global (NYSE:SPGI) has significantly outperformed the market over the past 10 years, with an annualized return of 17.74%. A $1000 investment in SPGI 10 years ago would be worth $5,131.54 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 6:00 pm

BLBD

CLNE

VLVLY

Natural gas prices have hit record lows, leading to lower heating bills and potential impacts on natural gas vehicle markets. Companies like Blue Bird Corp, Volvo ADR, and Clean Energy Fuels Corp are directly affected.

Portfolio Pulse from Hayden Buckfire

June 04, 2024 | 5:44 pm

GTBIF

Illinois' cannabis market saw $144.5M in adult-use sales in April, marking a 9.5% year-over-year growth. Despite a slight month-over-month decline, the market shows resilience. Medical cannabis sales declined by 3.3%. Legislative challenges persist, with Green Thumb Industries Inc. (OTCQX:GTBIF) facing criticism for lobbying against extending medical cannabis access.

Portfolio Pulse from Patricio Liddle

June 04, 2024 | 5:31 pm