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TSLA

Alliance For Automotive Innovation's CEO, John Bozzella, warns that pushing EV mandates too quickly could give China a stronger foothold in the US EV battery supply chain and automotive market. He believes the EPA's proposal for 37% of new light-duty cars to be electric by 2027 and over 60% by 2030 may not be feasible due to current market conditions and supply chain issues.

Portfolio Pulse from Anan Ashraf

June 13, 2023 | 11:45 am

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GM

TSLA

Tesla's stock is on the verge of a historic 13th straight session of gains, driven by its charging infrastructure partnership with General Motors and Ford. Analysts expect price target increases ahead of Tesla's June quarter estimates.

Portfolio Pulse from Shanthi Rexaline

June 13, 2023 | 11:42 am

CEG

CIG

EBR

ELP

The utilities sector has four overbought stocks with high RSI values: Companhia Energética de Minas Gerais (CIG), Centrais Elétricas Brasileiras (EBR), Constellation Energy Corporation (CEG), and Companhia Paranaense de Energia (ELP). These overvalued companies present an opportunity to go short.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 11:38 am

GROV

PCSA

SOL

Insiders at Emeren Group, Grove Collaborative Holdings, and Processa Pharmaceuticals have recently made significant purchases of their respective companies' shares. This indicates their confidence in the companies' prospects and can be a factor for investors and traders interested in penny stocks.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 11:34 am

DOW

IFF

TX

Wall Street's most accurate analysts recommend three high-dividend yield materials stocks: Ternium S.A. (NYSE:TX), Dow Inc. (NYSE:DOW), and International Flavors & Fragrances Inc. (NYSE:IFF). These companies have dividend yields of 8.76%, 5.41%, and 4.14%, respectively.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 11:26 am

PRSR

LeddarTech and Prospector Capital have entered into a definitive business combination agreement, which will result in LeddarTech becoming a publicly listed company on Nasdaq under the ticker symbol 'LDTC' by Q4 2023.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 11:25 am

USO

OPEC's oil output fell by 464,000 bpd in May to 28.06 million bpd as voluntary production cuts took effect, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 11:23 am

USO

OPEC forecasts world oil demand to increase by 2.35 million BPD in 2023, with China's oil demand rising by 840,000 BPD, up from the previous forecast of 800,000 BPD. The 2023 world economic growth forecast remains at 2.6%.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 11:22 am

ALKS

Sarissa Capital Management is urging Alkermes (ALKS) shareholders to vote for its nominees to the company's board, aiming to improve corporate governance and enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 11:22 am

MEI

Methode Electronics reported worse-than-expected preliminary Q4 results, causing its shares to trade lower. The company's outlook for FY24 also lags consensus.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 11:18 am