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STLA

Stellantis CEO Carlos Tavares highlighted the significant burden electrification will place on suppliers and emphasized the need to cut costs in the race to electric mobility. He also mentioned that Stellantis would consider mergers and acquisitions if opportunities arise, but stressed the importance of maintaining operational fitness in the meantime.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:43 pm

VEXTF

Vext Science, Inc. reported a year-over-year decline in Q1 2024 revenue and net income, but announced a $2 million standby credit facility to support its expansion in Ohio's upcoming recreational marijuana market. Despite the decline, Vext's shares rose 5.08% after the market close.

Portfolio Pulse from Jelena Martinovic

May 29, 2024 | 1:34 pm

CCL

Princess Cruises announced an extension of its itineraries in Japan for the 2025-26 season, aiming to capitalize on the growing demand for travel in the region.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:31 pm

MULN

Mullen Automotive, Inc. (NASDAQ: MULN) has announced a new purchase order for 40 Mullen-GO urban delivery vehicles from Switzerland-based Antidoto SA, valued at approximately $440,000 USD. Additional orders are expected to follow.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:30 pm

F

STLA

TM

TSLA

Consumer preferences and OEM investments are shifting from electric vehicles (EVs) to hybrids due to high costs, sparse charging infrastructure, and politicized adoption. JPMorgan analyst Bill Peterson notes that hybrid vehicles are gaining traction as a bridge solution, impacting metals and critical minerals forecasts. U.S. automakers like Toyota, Ford, Kia, and Stellantis are increasingly focusing on hybrids over EVs.

Portfolio Pulse from Surbhi Jain

May 29, 2024 | 1:28 pm

SYNX

Silynxcom has received an order for its TETRA headset system from a European police department, indicating a potential increase in revenue and market presence for the company.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:19 pm

WOW

WideOpenWest (WOW) has been awarded a $2.39 million grant from the Alabama Department of Economic and Community Affairs to extend its fiber network.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:19 pm

ANF

Abercrombie & Fitch Co (NYSE:ANF) reported strong Q1 FY24 earnings, with sales growth of 22% year-on-year to $1.02 billion, beating analyst estimates. The company also raised its FY24 net sales growth outlook from 4%-6% to 10% and its operating margin outlook from 12% to 14%. ANF shares are trading higher by 5% in premarket.

Portfolio Pulse from Shivani Kumaresan

May 29, 2024 | 1:17 pm

TGL

Treasure Global has been awarded a $2 million contract from ELMU Education Group to provide a Smart Campus Management System.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:15 pm

AFRM

COIN

CSCO

FN

MSTR

SMCI

SPY

WSM

A hedged portfolio created during Thanksgiving week last year outperformed the SPDR S&P 500 Trust ETF (SPY) by more than double over six months. The portfolio included stocks like Affirm Holdings (AFRM), Coinbase Global (COIN), Fabrinet (FN), MicroStrategy (MSTR), Super Micro Computer (SMCI), Splunk (acquired by Cisco Systems, CSCO), and Williams Sonoma (WSM). The outperformance is attributed to a new security selection method and an algorithm for optimal hedging.

Portfolio Pulse from David Pinsen

May 29, 2024 | 1:14 pm