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AHI

BK

Bank of New York Mellon (BK) has increased its stake in Advanced Health Intelligence (AHI) by 5 million shares, according to an ASX filing. This news has led to AHI's shares moving higher.

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 2:21 pm

JOBY

NERV

OSTK

Despite a general drop in U.S. stocks, several companies recorded gains. Minerva Neurosciences climbed 46.2% after announcing a $20 million private placement. Joby Aviation rose 26.4% following a permit for flight testing of its first production prototype. Xponential Fitness, Archer Aviation, Opendoor Technologies, Viad Corp, Beazer Homes USA, Carvana, Overstock.com, Viking Therapeutics, Energy Vault Holdings, Snowflake, Global Blue Group Holding, Squarespace, and Pinterest also saw increases. Notably, Overstock.com's acquisition of Bed Bath & Beyond's brand name, intellectual property, and e-commerce platform was approved by a U.S. bankruptcy judge.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 2:19 pm

AAPL

Apple (NASDAQ:AAPL) is nearing a market capitalization of $3 trillion, according to Wedbush analyst Daniel Ives. Despite previous challenges related to supply chain and macroeconomic factors, Apple has managed to navigate these issues and is on the brink of joining the $3 trillion market cap club. Ives believes that the Street has underestimated Apple's growth potential, particularly with the upcoming iPhone 14 and iPhone 15. Apple's Services business is nearing $100 billion annually, and the launch of the Vision Pro headset and its associated app store could further boost the company's growth. Ives projects Apple hitting a market capitalization of $3.5 trillion and a bull case of a $4-trillion valuation by fiscal year 2025.

Portfolio Pulse from Chris Katje

June 28, 2023 | 2:17 pm

NERV

Minerva Neurosciences has announced a $20 million private placement priced at a premium to the market, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 2:15 pm

CGTX

Cognition Therapeutics has released topline data from its Phase 2 SEQUEL Study of CT1812 in 16 adults with mild-to-moderate Alzheimer's disease, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 2:10 pm

CFLT

Investor Business Daily SwingTrader has reportedly purchased stock in Confluent (CFLT).

Portfolio Pulse from Happy Mohamed

June 28, 2023 | 2:07 pm

BA

CHKIF

EADSF

EADSY

Around 90% of Boeing's China 737 MAX jets have resumed commercial operation as of the end of June. However, Boeing has not yet resumed deliveries to China, where it has lost ground to Airbus. Boeing recently announced a $100 million investment in infrastructure and programs to train pilots in India.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 2:05 pm

BABA

Alibaba Group Holding Limited's founder, Jack Ma, has arrived in Nepal on a business trip. The details of his visit are largely unknown, but he has requested meetings with the Prime Minister and Finance Minister. This comes after Ma's public disappearance following his criticism of China's banks and regulators, and his role in Alibaba's restructuring and management reshuffle. Alibaba's shares traded lower by 2.48% at $84.71 on the last check Wednesday.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 2:03 pm

AREC

American Resources Corp (NASDAQ:AREC) has rejected an unsolicited bid for the assets of its metallurgical carbon division, American Carbon. The bid, which included upfront cash, assumption of debt, and a scaling royalty structure, totaled an implied enterprise value of ~$260 million. The company did not accept the proposal due to the duration and structure of the consideration payments.

Portfolio Pulse from Akanksha Bakshi

June 28, 2023 | 2:03 pm

CNVS

Cineverse (NASDAQ:CNVS) is set to release its latest quarterly earnings report on June 29, 2023. Analysts estimate an earnings per share (EPS) of $0.00. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. The stock is currently trading at $2.14, down 78.25% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 2:03 pm