Streetbeat News

Stock Prices

GME

Keith Gill, aka Roaring Kitty, reignited interest in GameStop (NYSE:GME) by posting his trading account details, causing significant stock volatility. Despite the SEC's lack of rules on social media influencers, Chamath Palihapitiya noted no clear deception in Gill's actions. GameStop's stock saw dramatic fluctuations, influenced by Gill's posts and the company's early earnings release and stock offering.

Portfolio Pulse from Shanthi Rexaline

June 10, 2024 | 9:50 am

OCS

Oculis announced positive topline results from its Phase 2b RELIEF trial for Licaminlimab, an anti-TNFα biologic eye drop. The trial showed significant improvements in corneal inflammation, especially in patients with the TNFR1 genetic biomarker. The company plans to finalize Phase 3 development plans after an End-of-Phase 2 meeting with the FDA.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 9:13 am

BTCUSD

Arthur Hayes, co-founder of BitMEX, shared his bullish trading strategies for the 2024 cryptocurrency market, emphasizing the importance of holding Bitcoin amid monetary expansion and potential financial incentives from upcoming elections.

Portfolio Pulse from Aniket Verma

June 10, 2024 | 9:00 am

AAPL

Apple Inc. (NASDAQ:AAPL) will host its WWDC 2024 keynote on June 10, revealing new software updates including iOS 18, iPadOS 18, macOS 15, tvOS 18, watchOS 11, and visionOS 2. The event will also feature announcements on new AI features and a potential partnership with OpenAI.

Portfolio Pulse from Ananya Gairola

June 10, 2024 | 8:55 am

BJ

TMO

Morgan Stanley's Aaron Dunn advises investors to diversify beyond major tech stocks, recommending BJ's Wholesale Club Holdings Inc (NYSE:BJ) and Thermo Fisher Scientific (NYSE:TMO) for their strong financials and growth potential.

Portfolio Pulse from Benzinga Neuro

June 10, 2024 | 8:54 am

TSLA

Elon Musk has pledged to prioritize longtime shareholders of his companies, including Tesla, Inc. (NASDAQ:TSLA), in future IPOs of his private ventures. Venture capitalist Vinod Khosla responded by advocating for dividends for Tesla's long-term shareholders. Tesla currently does not offer dividends, making it an outlier among major tech companies.

Portfolio Pulse from Anan Ashraf

June 10, 2024 | 8:41 am

TSLA

Elon Musk's Boring Company is constructing a tunnel at Tesla's Giga Texas to transport Cybertrucks from the production line to the logistics lot. This move aims to reduce on-site traffic and improve quality. Tesla is ramping up Cybertruck production, targeting 250,000 annual deliveries by 2025.

Portfolio Pulse from Anan Ashraf

June 10, 2024 | 8:10 am

NVDA

TSLA

Nvidia's market cap surpassed $3 trillion, significantly outperforming Tesla. Elon Musk praised Nvidia's achievement, but Tesla's stock has underperformed due to strategic missteps and industry challenges.

Portfolio Pulse from Shanthi Rexaline

June 10, 2024 | 7:47 am

AKRO

Akero Therapeutics presented promising 96-week data from its Phase 2b HARMONY study on EFX for treating MASH at the EASL Congress. The study showed significant improvements in fibrosis and MASH symptoms, with higher efficacy in the 50 mg EFX dose group.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 7:44 am

LLY

Eli Lilly's tirzepatide showed significant efficacy in a phase 2 study for treating metabolic dysfunction-associated steatohepatitis (MASH), with over half of the patients showing fibrosis improvement at 52 weeks. The results were presented at the EASL Congress 2024 and published in The New England Journal of Medicine.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 7:38 am