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CVNA

DBI

EXPI

US stocks traded higher with Dow Jones gaining over 150 points. Consumer discretionary shares jumped by 1.4%, led by Carvana and Designer Brands. Carvana shares spiked 43% after announcing an improved Q2 2023 outlook, while Designer Brands gained 20% after announcing a $100 million share buyback. eXp World Holdings shares rose 17% after being added to the S&P Smallcap 600.

Portfolio Pulse from Lisa Levin

June 08, 2023 | 6:48 pm

RGTI

Rigetti Computing Inc (RGTI) shares surged 39.6% to $1.44 on Thursday, despite no company-specific news. The stock is trending on social media platforms, with trading volume reaching 12.231 million shares, over 7x the trailing 100-day volume. RGTI has a total share float of 5.44 million, with 5.09% of shares sold short.

Portfolio Pulse from Henry Khederian

June 08, 2023 | 6:47 pm

CRM

NVDA

ORCL

Generative AI startup Cohere has raised $270 million in a Series C round, with investors including Nvidia, Oracle, and Salesforce. Cohere, founded by former Google Brain members, focuses on enterprise licensing and aims to address proprietary data concerns associated with Microsoft-backed OpenAI's model.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 6:38 pm

NEM

Newmont Corporation's shares have been halted due to pending news.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 6:36 pm

SIG

Signet Jewelers Limited (NYSE:SIG) reported better-than-expected earnings, but Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating with a price target of $85. Slowing trends and a slowing wedding market are expected to impact the company's performance.

Portfolio Pulse from Shivani Kumaresan

June 08, 2023 | 6:33 pm

DHR

Danaher (NYSE:DHR) has outperformed the market over the past 10 years, producing an average annual return of 17.53%. A $1000 investment in DHR 10 years ago would be worth $4,965.22 today.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 6:30 pm

DHI

D.R. Horton (NYSE:DHI) has outperformed the market over the past 15 years, producing an average annual return of 16.26% and a market capitalization of $38.87 billion. A $100 investment in DHI 15 years ago would be worth $997.90 today.

Portfolio Pulse from Benzinga Insights

June 08, 2023 | 6:30 pm

RENT

Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on Rent The Runway, Inc. (NASDAQ:RENT) with a price target of $4. The company's business model is praised for its increased demand for workwear and weekend wear. RENT anticipates better inventory positions for in-demand products starting in August and is expected to capitalize on consumer trends towards circular consumption.

Portfolio Pulse from Nabaparna Bhattacharya

June 08, 2023 | 6:29 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are trading higher after the company announced it would adjourn and reconvene its annual meeting of stockholders on July 6, 2023. This aims to give stockholders additional time to vote for Proposal 2, which would increase the authorized number of shares and provide greater flexibility for the company's future growth. Nikola is also close to the initial commercial production of its hydrogen fuel cell electric truck.

Portfolio Pulse from Ryan Gustafson

June 08, 2023 | 6:29 pm

EXPI

HSKA

eXp World Holdings (EXPI) shares are trading higher after S&P Dow Jones Indices announced that the company will replace Heska Corporation (HSKA) in the S&P SmallCap 600, effective June 14. Heska Corp. is being acquired by Mars Inc.

Portfolio Pulse from Erica Kollmann

June 08, 2023 | 6:19 pm