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DASH

LYFT

UBER

Uber, Lyft, and DoorDash will reimburse California gig workers for unpaid vehicle expenses between 2022-2023 due to a provision in Proposition 22. The companies are making back payments to avoid potential class-action lawsuits.

Portfolio Pulse from Anusuya Lahiri

June 02, 2023 | 4:35 pm

LIXT

LIXTE Biotechnology Holdings, Inc. (NASDAQ:LIXT) announced a 1-for-10 reverse stock split of its common stock, effective on June 5, 2023. The move aims to increase the per share trading price and bring the company into compliance with Nasdaq's minimum bid price requirement for continued listing.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 4:32 pm

CZR

EXPE

H

LVS

MAR

MGM

PENN

RCL

WYNN

Travel, hotel, and leisure stocks are trading higher due to overall market strength following the Senate's passage of a US debt limit bill and strong US jobs data.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 4:32 pm

SPY

Fed-linked swaps indicate a 25 basis point rate hike fully priced in by the July meeting, according to Reuters. This may impact the SPY ETF.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 4:31 pm

CCJ

DNN

NXE

UEC

URA

UUUU

The passage of the ADVANCE Act, a nuclear energy bill, has led to a rally in uranium stocks and ETFs. The Global X Uranium ETF (NYSE:URA) has risen by 10% over the past three trading sessions, while stocks of uranium exploration, extraction, and processing companies have also seen significant gains.

Portfolio Pulse from Piero Cingari

June 02, 2023 | 4:28 pm

CHS

GPS

RL

SHOO

Retail stocks are trading higher due to renewed economic optimism following the Senate's passage of a debt limit bill and strong jobs data.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 4:27 pm

TLYS

Tilly's Inc reported a 15.2% YoY decline in Q1 FY23 sales to $123.64 million, missing analyst estimates. Total comparable net sales decreased by 17.5%, with physical store sales down 16.7% and e-commerce sales down 8.7%. The company expects Q2 sales of $148 million - $158 million, below consensus estimates.

Portfolio Pulse from Shivani Kumaresan

June 02, 2023 | 4:23 pm

BXP

CUZ

DEI

ESS

HIW

HPP

HST

KIM

KRC

MAC

OPI

PK

SLG

SPG

VNO

REITs and real estate companies' shares are trading higher due to overall market strength after the Senate passed a debt limit bill.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 4:23 pm

ALGN

DRVN

Zacks Insider Trader has reportedly purchased stock in Driven Brands (DRVN) and Align Technology (ALGN).

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 4:21 pm

USO

Iraq's Oil Minister stated that OPEC+ will not hesitate to take necessary decisions to stabilize the oil market. This statement comes amid concerns over the global energy crisis.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 4:20 pm