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Stock Prices

RDNT

Radnet has priced an underwritten offering of 7.575 million shares at $29.75 per share, raising approximately $225 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 8:12 am

ACB

IVA

LEN

RDNT

RFIL

Lennar Corporation is expected to report quarterly earnings of $2.31 per share on revenue of $7.17 billion. RadNet priced its public offering of 7,575,000 shares at $29.75 per share. RF Industries is expected to report earnings of 3 cents per share on revenue of $20.19 million. Inventiva's Phase II clinical trial achieved its primary efficacy endpoint, and Aurora Cannabis is expected to post a quarterly loss of 5 cents per share on revenue of $48.56 million.

Portfolio Pulse from Lisa Levin

June 14, 2023 | 8:04 am

QQQ

SPY

Citadel founder Ken Griffin is increasing his focus on credit trading, particularly in the high-yield credit market, as he anticipates a potential recession in 2024. He expects the Federal Reserve to hike interest rates once more this year and then pause. Griffin is also optimistic about China's economic growth, expecting it to surpass government targets.

Portfolio Pulse from Bhavik Nair

June 14, 2023 | 7:50 am

ACB

LEN

ORCL

RFIL

Investor sentiment in the US improved following the release of inflation data, with the CNN Money Fear and Greed index rising to 80.0. The S&P 500 and Nasdaq reached new 13-month highs, and Oracle reported better-than-expected Q4 results. Investors await earnings results from Lennar Corporation, RF Industries, and Aurora Cannabis.

Portfolio Pulse from Lisa Levin

June 14, 2023 | 6:45 am

TSLA

Tesla's Cybertruck was spotted in camouflage on Californian roads, hinting at its potential commercialization. CEO Elon Musk confirmed the sighting on Twitter. The Cybertruck launch is expected to boost Tesla's stock price, as it did with the Model Y launch in 2020.

Portfolio Pulse from Shanthi Rexaline

June 14, 2023 | 6:05 am

BTCUSD

Binance CEO Changpeng Zhao denies selling Bitcoin and BNB, stating that the company still holds FTT. This comes amid a legal dispute with the SEC over allegations of violations at Binance.US, which may result in a full asset freeze on its US operations.

Portfolio Pulse from Mehab Qureshi

June 14, 2023 | 5:21 am

TSLA

Tesla has increased the price of its Model Y AWD in the US by $250, now priced at $47,740 without potential incentives. This is the third time Tesla has raised the price of Model Y AWD since April, but it remains cheaper than before the price cut in April.

Portfolio Pulse from Anan Ashraf

June 14, 2023 | 4:53 am

BNO

VDE

GOP presidential candidate Tim Scott and eight Senate colleagues introduced the Pay Less at the Pump Act, aiming to lower energy prices by repealing the $10.5 billion Superfund Tax on crude oil and imported petroleum products. Oil prices fell on Wednesday due to an unexpected rise in U.S. crude stocks, while the United States Brent Oil Fund (BNO) and Vanguard Energy Index Fund ETF (VDE) experienced gains.

Portfolio Pulse from Bhavik Nair

June 14, 2023 | 4:30 am

CAT

QQQ

SPY

Jim Cramer warns that latecomers may miss out on the non-tech stocks rally, as the risk/reward has shifted. He highlighted the recent surge in Caterpillar Inc.'s stock and mentioned the performance of the SPDR S&P 500 ETF Trust and the Invesco QQQ Trust Series 1.

Portfolio Pulse from Bhavik Nair

June 14, 2023 | 3:07 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies saw marginal gains following the announcement of a 4% surge in the US CPI, better than the projected 4.1% and April's figure of 4.9%. Despite ongoing SEC lawsuits against Binance and Coinbase, investors appeared optimistic, and stocks soared on Tuesday. Crypto analyst Michael Van de Poppe predicts a market drop into the FOMC, prompting potential lows.

Portfolio Pulse from Mehab Qureshi

June 14, 2023 | 2:53 am