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UUP

New economic data shows continued labor strength and stronger-than-expected economic growth in the US. Weekly unemployment benefits fell more than expected, indicating a resilient labor market. The final estimate of annual real GDP growth for Q1 was 2%, above the expected 1.4%. The U.S. dollar, tracked by the Invesco DB USD Index Bullish Fund ETF (UUP), trended higher. Fed Chair Jerome Powell reinforced hawkish tones, stating that the majority of the board sees two or more rate hikes by year-end.

Portfolio Pulse from Piero Cingari

June 29, 2023 | 1:06 pm

EYPT

EyePoint Pharmaceuticals' President & COO, Dr. Jay Duker, is scheduled to appear on Benzinga's Live YouTube TV at 11 a.m. ET.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 1:05 pm

SSTK

Six analysts have provided ratings for Shutterstock (NYSE:SSTK) in the last quarter, with five being bullish and one indifferent. The average price target given is $89.33, which is significantly higher than the current price of $47.61. This average target has increased by 5.09% from the previous average of $85.00.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 1:01 pm

CLAR

In the last quarter, Clarus (NASDAQ:CLAR) received two bullish and two indifferent analyst ratings. The average 12-month price target for Clarus, according to four analysts, is $10.75, a decrease of 2.27% from the previous average of $11.00.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 1:00 pm

DGX

Quest Diagnostics (NYSE:DGX) has received indifferent ratings from four analysts in the last quarter. The average price target is $145.0, which is slightly above the current price of $141.92. This represents a 3.12% decrease from the previous average price target of $149.67.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 1:00 pm

ESTA

Establishment Labs Hldgs (NASDAQ:ESTA) has received positive ratings from analysts in the last quarter, with 3 bullish and 1 somewhat bullish ratings. The company has an average price target of $95.75, a decrease of 1.79% from the previous average price target of $97.50.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 1:00 pm

TEAM

Atlassian (NASDAQ:TEAM) has received a mix of bullish and indifferent analyst ratings over the last quarter. The average price target for the stock is $182.45, which is higher than its current price of $166.89. However, this average has decreased by 8.72% from the previous average price target of $199.89.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 1:00 pm

TRSSF

TerrAscend Corp. (OTCQX:TRSSF) (CSE:TER) will start trading on the Toronto Stock Exchange under the new ticker symbol 'TSND' on July 4, 2023. The company has made significant financial improvements over the past year, including reducing expenses, transforming the balance sheet, lowering interest expense, and becoming cash flow positive. The TSX listing is expected to provide greater access to a broader group of investors. The company's common shares will be delisted from the Canadian Securities Exchange on June 30, 2023.

Portfolio Pulse from Vuk Zdinjak

June 29, 2023 | 12:59 pm

MU

Micron Technology Inc's shares are rising after reporting better-than-expected Q3 results and receiving several analyst upgrades. The company reported Q3 revenue of $3.75 billion, beating the consensus estimate of $3.65 billion, and a quarterly loss of $1.43 per share, better than the estimated loss of $1.58 per share. However, the company's recovery and forecast are impacted by the Cyberspace Administration of China's decision to ban Chinese companies from buying Micron products.

Portfolio Pulse from Adam Eckert

June 29, 2023 | 12:57 pm

OSTK

Overstock has completed its acquisition of certain intellectual property assets of the Bed Bath & Beyond brand, leading to a rise in Overstock's share prices.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 12:55 pm