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XPEV

Chinese EV manufacturer XPeng Inc (NYSE:XPEV) expects flying cars to take off in China and globally within the next 5-10 years. The company showcased its X2 eVTOL at Beyond Expo Macao, a battery-powered two-seater flying car designed for short-distance, low-altitude city journeys. Mass production and customer deliveries are planned to begin in 2024.

Portfolio Pulse from Anan Ashraf

June 13, 2023 | 8:21 am

SGEN

Seagen's Adcetris, combined with Nivolumab and standard chemotherapy, has shown a 98% overall response rate and 93% complete response rate in patients with early-stage classical Hodgkin Lymphoma.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 8:11 am

ITI

MANU

MIND

MPAA

ORCL

U.S. stock futures are trading higher, with Motorcar Parts of America (MPAA), Oracle (ORCL), Iteris (ITI), Manchester United (MANU), and MIND Technology (MIND) in focus. MPAA and ORCL reported earnings, while ITI and MIND are expected to report soon. MANU shares rose after a bid by Qatari investors was accepted.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 8:05 am

LULU

Goldman Sachs analyst Lindsay Drucker Mann has maintained a Sell rating on Lululemon Athletica (NASDAQ:LULU) and reduced the price target from $48 to $46. She highlighted five near-term risks for the company, including strong brand equity, decelerating inventory turnover, vulnerability due to price increases, weakening traffic, and a slowdown in the online business.

Portfolio Pulse from Monica Gerson

June 13, 2023 | 7:33 am

SHIBUSD

A mysterious whale has accumulated 1.5 trillion Shiba Inu (CRYPTO: SHIB) tokens worth $10 million from Binance and Coinbase, making them the largest holder of SHIB, excluding exchanges. This comes amid the SEC's legal battle against crypto exchanges and a 21.4% decline in SHIB's value over the past week.

Portfolio Pulse from Mehab Qureshi

June 13, 2023 | 6:56 am

ORCL

Oracle Corporation (NYSE:ORCL) has experienced impressive growth in the cloud sector, with Q4 earnings beating top-line estimates and Cloud Infrastructure growth of 77%. Analyst Brent A. Bracelin of Piper Sandler maintains an Overweight rating on Oracle's stock with a price target of $130.

Portfolio Pulse from Benzinga Newsbot

June 13, 2023 | 6:46 am

TSLA

Morgan Stanley analyst Adam Jonas suggests that Tesla should establish a full-scale financing subsidiary to cater to the evolving auto market and meet customer demands. He maintains an 'overweight' rating on Tesla with a price target of $200.

Portfolio Pulse from Anan Ashraf

June 13, 2023 | 6:43 am

ORCL

Oracle Corp.'s (NYSE:ORCL) stock reached record highs amid the AI boom, boosting founder Larry Ellison's net worth to $129.8 billion, surpassing Bill Gates. Oracle's strong performance is driven by increased Oracle Cloud Infrastructure adoption and acceleration in AI.

Portfolio Pulse from Benzinga Newsbot

June 13, 2023 | 6:24 am

ITI

MIND

MPAA

ORCL

The S&P 500 reached its strongest level in 13 months as the CNN Money Fear and Greed index showed improved sentiment among U.S. investors. Markets expect a 72% chance that the Fed will maintain rates. Oracle shares gained 3.6% after reporting better-than-expected Q4 results.

Portfolio Pulse from Lisa Levin

June 13, 2023 | 6:21 am

AAPL

TMUS

Jim Cramer suggests that Apple's Vision Pro headset's high price may not matter as carriers like Verizon, T-Mobile, and AT&T could use it to gain a competitive edge. Apple shares are up over 46% this year, but UBS downgraded the stock to 'Neutral' from 'Buy' due to potential iPhone demand pressure.

Portfolio Pulse from Bhavik Nair

June 13, 2023 | 6:06 am