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OESX

Orion Energy Systems reported Q4 FY23 revenue of $21.6 million, missing the consensus of $22.6 million, and an EPS loss of $(0.16), missing the consensus of $(0.06). Gross margin declined to 21.9% due to unfavorable product and services mix. The company reaffirms FY24 revenue growth of 30% or more to about $100 million.

Portfolio Pulse from Lekha Gupta

June 06, 2023 | 2:37 pm

MSFT

Over the past three months, 6 congressional members have traded over $53,011 worth of Microsoft stock, with the stock increasing by 32.54% during the same period. The buy-side activity is not overwhelming, with 63.64% of the total amount traded being purchases and 36.36% being sales.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 2:32 pm

BAC

A whale investor has taken a bearish stance on Bank of America (NYSE:BAC), with 54% of detected trades having bearish expectations. Whales have been targeting a price range of $25.0 to $45.0 for BAC over the last 3 months. Evercore ISI Group maintains an Outperform rating with a price target of $35.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 2:32 pm

BA

Unusual options activity has been observed for Boeing (NYSE:BA), with 15 uncommon options trades spotted, 66% bullish and 33% bearish. Whales have been targeting a price range of $195 to $230 for Boeing over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 2:31 pm

MDB

A large bearish position on MongoDB (NASDAQ:MDB) has been spotted, with 18 uncommon options trades identified. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. The targeted price range for MongoDB over the last 3 months is $330 to $400.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 2:31 pm

FXI

SPY

USO

The U.S. has imposed sanctions on a network in Iran, China, and Hong Kong in connection with Iran's ballistic missile program. This may affect the stock prices of ETFs such as FXI, SPY, and USO.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 2:31 pm

GILD

Gilead Sciences (NASDAQ:GILD) has outperformed the market over the past 20 years, producing an average annual return of 12.94%. A $1000 investment in GILD 20 years ago would be worth $11,694.89 today.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 2:30 pm

ET

TYG

House Representative Maria Elvira Salazar has executed 38 transactions in the stock market over the past 3 months, trading a total of $1,658,038 worth of stock. They have invested a net amount of $1,156,022 in the energy sector and pulled out a net amount of $-496,010 from the utilities sector.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 2:28 pm

COIN

The SEC has filed lawsuits against Coinbase Global Inc (NASDAQ:COIN) and Binance, accusing them of violating securities rules and engaging in deceptive practices. Coinbase's shares dropped over 15% in early trading following the lawsuit. SEC Chair Gary Gensler emphasized the need for crypto platforms to comply with U.S. security laws.

Portfolio Pulse from AJ Fabino

June 06, 2023 | 2:27 pm

CNM

Core & Main Inc (NYSE:CNM) reported Q1 FY23 sales decline of 1.5% YoY to $1.57 billion, missing the consensus of $1.60 billion. However, EPS of $0.50 beat the consensus of $0.46. The company raised its fiscal 2023 net sales and Adjusted EBITDA outlook.

Portfolio Pulse from Akanksha Bakshi

June 06, 2023 | 2:26 pm