Streetbeat News

Stock Prices

PXD

USO

Pioneer Natural Resources executive states that oil demand continues to rise, while supply growth remains limited. Recessionary fears' impact on global crude oil will be offset by China's demand.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 1:45 pm

SMX

SMX (Security Matters) plc received a delinquency notification from Nasdaq due to non-compliance with Listing Rule 5450(b)(2)(A), as the market value of the company's listed securities was below $50 million for 33 consecutive business days. The company is addressing the issue and preparing a plan to regain compliance within the 180-day period.

Portfolio Pulse from Happy Mohamed

June 08, 2023 | 1:44 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum prices fell following the release of higher-than-expected US jobless claims data. The global crypto market cap declined by 1.5% to $1.1 trillion. Terra Classic was the top gainer, while Kava and Lido DAO were among the top losers.

Portfolio Pulse from Lisa Levin

June 08, 2023 | 1:43 pm

GOOG

GOOGL

META

Canadian Prime Minister Justin Trudeau criticized Google and Meta Platforms for their 'bullying tactics' against proposed legislation that would require internet firms to pay publishers for content. Both companies have restricted some users from viewing or sharing news content in Canada in protest.

Portfolio Pulse from Anusuya Lahiri

June 08, 2023 | 1:42 pm

AAPL

MSFT

QRFT

The Qraft AI-Enhanced U.S. Large Cap ETF (QRFT) has replaced Apple Inc. (AAPL) with Microsoft Corp. (MSFT) as its top holding. Microsoft now holds a 4.02% share, while Apple has a 3.48% share. This change comes amidst intense competition and innovation in the AI field among big tech companies.

Portfolio Pulse from Benzinga Newsbot

June 08, 2023 | 1:40 pm

BAYRY

PRGO

Perrigo Co has appointed Patrick Lockwood-Taylor as its new President, CEO, and Board member, effective June 30, 2023. Lockwood-Taylor previously served at Bayer AG as President of the U.S. business and Regional President of Consumer Health North America. Perrigo reported Q1 FY23 sales of $1.18 billion and adjusted EPS of $0.45.

Portfolio Pulse from Lekha Gupta

June 08, 2023 | 1:39 pm

SIG

Signet Jewelers Ltd (NYSE:SIG) reported a Q1 FY24 sales decline of 9.3% YoY to $1.67 billion, beating analyst estimates. However, the company lowered its FY24 sales and adjusted EPS outlook, causing its shares to plunge.

Portfolio Pulse from Shivani Kumaresan

June 08, 2023 | 1:26 pm

SPIKE

UVXY

The Volatility S&P 500 Index (VIX) has dropped over 10% since June 1, indicating a decrease in stock market volatility. This comes amid an economic slowdown and increased unemployment claims. The VIX is now trading at its lowest level since June 2021.

Portfolio Pulse from Melanie Schaffer

June 08, 2023 | 1:23 pm

FCEL

FuelCell Energy Inc (NASDAQ:FCEL) reported Q2 FY23 revenues of $38.35 million, more than double from a year ago, beating the consensus of $25.45 million. However, the company reported a wider EPS loss of $(0.09) and an operating loss of $(35.86) million. Backlog decreased by ~23% to $1.022 billion.

Portfolio Pulse from Akanksha Bakshi

June 08, 2023 | 1:22 pm

EXPI

HSKA

EXp World Holdings shares are trading higher after the announcement that the company will replace Heska Corp in the S&P SmallCap 600 index.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 1:19 pm