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INTU

MAXN

SSNLF

Maxeon Solar Technologies' shares climbed after signing a deal with Samsung Electronics. Roth MKM predicts margin expansion in 2023 and profitability in 2024 for Maxeon. Analyst Philip Shen upgraded Maxeon's rating to Buy and raised the price target from $21 to $40.

Portfolio Pulse from Priya Nigam

June 14, 2023 | 4:38 pm

IDEX

Ideanomics (IDEX) shares are surging, with a 200% increase over the past 30 days. The company is expected to report earnings at the end of the month and has a notable short interest of 10.46%. Ideanomics has received multiple Nasdaq delinquency notices and is awaiting a decision from the Nasdaq Hearings Panel.

Portfolio Pulse from Erica Kollmann

June 14, 2023 | 4:34 pm

FDRV

IDRV

KARS

The International Energy Agency (IEA) forecasts global oil demand to peak at 105.7 million barrels per day in 2028 due to the rise of electric vehicles (EVs). The demand for oil in transport fuels is expected to decline after 2026, with gasoline demand possibly peaking in 2023. EV sales are predicted to reach 155 million by 2028, displacing significant gasoline and diesel consumption.

Portfolio Pulse from Piero Cingari

June 14, 2023 | 4:30 pm

CFLT

Confluent shares are trading lower after Guggenheim downgraded the stock from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 4:30 pm

INTC

Intel shares are trading higher as the company is in talks to be a potential anchor investor in Arm's IPO, amid strength in tech stocks.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 4:28 pm

ZYXI

Zynex Inc (NASDAQ:ZYXI) announced a new $10 million stock buyback program, starting on June 14, 2023, and ending on June 13, 2024, or when the buyback limit is reached. The company plans to finance the purchases with existing cash balances, which is not expected to have a material impact on capital levels.

Portfolio Pulse from Lekha Gupta

June 14, 2023 | 4:24 pm

NKE

Nike shares are trading higher by 4.96% after the Producer Price Index (PPI) for final demand slumped 0.3% month-on-month in May, indicating lower input costs for the company. This can help alleviate cost pressures for Nike in the production of its athletic footwear and apparel, contributing to improved profit margins and overall profitability.

Portfolio Pulse from Henry Khederian

June 14, 2023 | 4:23 pm

WKHS

Workhorse Group Inc (NASDAQ:WKHS) shares are trading higher by 8.61% to $1.01, following a 0.3% month-on-month slump in the Producer Price Index (PPI) for May. The softer PPI report suggests that raw material and input prices may not be increasing rapidly, potentially helping Workhorse manage production costs and improve profit margins.

Portfolio Pulse from Henry Khederian

June 14, 2023 | 4:19 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) shares are trading higher by 3.23% to $9.91 without any notable company-specific news. The stock is gaining traction on social media platforms and is rising after the Producer Price Index (PPI) slumped 0.3% month-on-month in May. Lower inflationary pressures may result in a more favorable economic environment, potentially attracting more individuals to engage in financial activities.

Portfolio Pulse from Henry Khederian

June 14, 2023 | 4:16 pm

SHLS

Shoals Technologies Group Inc (NASDAQ: SHLS) has appointed Brandon Moss as CEO, effective July 17, 2023. Moss will succeed interim CEO and President Jeff Tolnar, who will continue as President. Moss previously served as President of the Tools, Components, & Assembled Solutions Group at Southwire Company.

Portfolio Pulse from Lekha Gupta

June 14, 2023 | 4:12 pm