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NIO

NIO shares are trading higher after China announced an extension to the new energy vehicle purchase tax exemption until 2027.

Portfolio Pulse from Bill Haddad

June 21, 2023 | 11:36 am

COIN

Coinbase shares are trading higher as Bitcoin's price increases following BlackRock's application for a Bitcoin ETF.

Portfolio Pulse from Bill Haddad

June 21, 2023 | 11:35 am

OCTO

Eightco Holdings Inc. (NASDAQ:OCTO) has raised its revenue guidance for FY23 to $73 million, up from the previous $60 million, representing a 20% increase. The revision is due to the successful implementation of strategic initiatives, including the Mobi-hub Funding joint venture.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 11:33 am

QQQ

SPY

Ahead of Federal Reserve Chairman Jerome Powell's testimony before Congress, major Wall Street indices closed in the red on Tuesday. Higher-than-expected UK inflation has also raised concerns among market participants. Options market outlook for SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ) indicate resistance and support levels for this week.

Portfolio Pulse from Bhavik Nair

June 21, 2023 | 11:31 am

ABR

Arbor Realty Trust (ABR) shares are trading higher after the announcement that the company will join the S&P SmallCap 600 effective prior to the opening of trading on Friday, June 23.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 11:21 am

ADBE

Adobe shares are trading higher following an upgrade from BMO Capital, which raised the stock's rating from Market Perform to Outperform.

Portfolio Pulse from Bill Haddad

June 21, 2023 | 11:20 am

CMMB

Chemomab Therapeutics reported positive data from the secondary analysis of its Phase 2a liver fibrosis trial assessing CM-101, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 11:20 am

FDX

UPS

UPS shares are trading lower due to FedEx's Q4 revenue miss, as the two companies are in the same industry.

Portfolio Pulse from Bill Haddad

June 21, 2023 | 11:19 am

RIVN

Rivian Automotive (NASDAQ:RIVN) plans to unveil its R2 SUV in early 2024, with a price range of $40,000 to $60,000, targeting a broader market segment. The R2 will maintain Rivian's adventure aesthetic while showcasing key trade-offs and investments.

Portfolio Pulse from Anan Ashraf

June 21, 2023 | 11:19 am

LI

Li Auto shares are trading higher after China announced an extension to the new energy vehicle purchase tax exemption until 2027, with a maximum cap of 30,000 yuan ($4,169) per vehicle until the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 11:18 am