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Connecticut's recreational cannabis market, which began in January, saw sales surpass medical marijuana for the first time in May, reaching $11.5 million. Companies like Verano Holdings Corp. and Curaleaf Holdings Inc are benefiting from the growing market as they produce cannabis for the state's recreational market.

Portfolio Pulse from Jelena Martinovic

June 13, 2023 | 6:16 pm

COIN

Needham analyst John Todaro reiterated a Buy rating on Coinbase Global, Inc. (NASDAQ:COIN) with a price target of $70. He expects the company to grow its trading revenue and broaden its applications to include various crypto-related financial services. However, Coinbase is grappling with litigation issues with state and federal securities regulators.

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2023 | 5:49 pm

CBOE

DevvStream Holdings aims to capture a significant share of the growing $1 trillion carbon credits market, providing turnkey services for governments and corporations. The company is listed on NEO, Frankfurt Stock Exchange, and OTC markets in the U.S., and is hiring talent to handle more projects.

Portfolio Pulse from Renato Capelj

June 13, 2023 | 4:51 pm

GM

General Motors (GM) shares are trading higher by 1.81% to $37.34 following a softer-than-expected CPI report, which showed slowing inflation in May. Lower interest rates can stimulate borrowing and make auto loans more affordable, potentially driving up car sales.

Portfolio Pulse from Henry Khederian

June 13, 2023 | 3:53 pm

PTON

Peloton Interactive Inc (PTON) shares are trading higher by 6.92% to $9.55 during Tuesday's session following a softer-than-expected CPI report, which showed slowing inflation in May. Lower inflation rates can make Peloton's products and subscription services more affordable for consumers, driving revenue growth.

Portfolio Pulse from Henry Khederian

June 13, 2023 | 3:36 pm

BA

Boeing reported 58 net orders and 69 gross orders in May, with a total of 206 planes delivered year-to-date, including 167 of its 737 model.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 3:14 pm

BA

Boeing delivered eight 787 jets, 35 MAX jets, and a total of 50 jetliners in May. The company also restored 59 'doubtful' orders to its backlog during the same month.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 3:12 pm

GNUS

Genius Brands International (GNUS) announces its name change to Kartoon Studios and plans to transfer its listing from Nasdaq to NYSE American under the new ticker symbol 'TOON'. The change reflects the company's growth and focus on animated entertainment content for children and families.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 3:10 pm

META

TikTok influencer Justin Becker has grown his following to nearly 6 million and is focusing on monetizing his account through live-streaming and exploring other platforms like Meta Platforms-owned Instagram. Becker is also considering brand partnerships, sponsorships, and affiliate marketing as potential revenue streams.

Portfolio Pulse from AJ Fabino

June 13, 2023 | 2:30 pm

VUZI

Vuzix Corporation (NASDAQ:VUZI) has received a follow-on OEM purchase order for engineering services and products from a major US-based defense customer. The order is for Phase 2 development of components for a lightweight heads-up display (HUD) and brings the total contract value closer to a mid-six-figure level.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 1:26 pm