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CRM

MSFT

Salesforce (CRM) reported Q1 revenue of $8.25 billion, beating estimates, and raised full-year earnings guidance. However, the stock dropped 7% due to higher-than-expected capital expenditures. The company faces challenges from Microsoft (MSFT) and Google in the AI race, with Salesforce's Einstein GPT competing against Microsoft's Dynamics 365 and Google's Bard AI.

Portfolio Pulse from Upwallstreet

June 02, 2023 | 4:18 pm

APA

EOG

HAL

Oil and energy stocks are trading higher due to improved macro sentiment following the US Senate's debt ceiling bill passage and better-than-expected US jobs data. Investors are also anticipating the upcoming OPEC+ meeting.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 4:17 pm

DIS

A large bearish position on Walt Disney (NYSE:DIS) has been spotted on Benzinga's options scanner, with 14 uncommon options trades identified. The overall sentiment of these big-money traders is split between 42% bullish and 57% bearish, with whales targeting a price range of $70 to $100 for Walt Disney over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 4:16 pm

UEC

UUUU

Uranium stocks are trading higher following the Senate's environment committee's approval of a bill to fast track the deployment of a new nuclear reactor fleet.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 4:16 pm

MRVL

Unusual options activity has been observed for Marvell Tech (NASDAQ:MRVL), with a large position indicating a bullish stance. Benzinga's options scanner spotted 15 uncommon options trades, with 60% bullish and 40% bearish sentiment. Whales have been targeting a price range of $30 to $65 for Marvell Tech over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 4:16 pm

BABA

A large bearish position on Alibaba Group Holding (NYSE:BABA) has been spotted, with 51 uncommon options trades identified. The sentiment of these big-money traders is split between 43% bullish and 56% bearish. Whales have been targeting a price range from $75.0 to $270.0 for Alibaba over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 4:15 pm

CC

IOT

MMV

ONCR

PD

S

TSE

YJ

U.S. stocks extended gains with Nasdaq Composite gaining 1% on Friday. The US economy added 339,000 jobs in May, significantly higher than market estimates of 190,000. Crude oil rose 2% to $71.49. Samsara Inc. shares spiked 31% after reporting better-than-expected Q1 results and raising its FY24 outlook.

Portfolio Pulse from Lisa Levin

June 02, 2023 | 4:09 pm

ABR

AXP

BAC

Banking and financial services stocks are trading higher due to renewed economic optimism after the US Senate passed a debt limit bill and strong US jobs data.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 4:07 pm

AMZN

VZ

Verizon has denied being in talks with Amazon for the resale of its wireless service, contrary to recent rumors.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 4:06 pm

C

Citigroup CEO Jane Fraser announced that the bank has resumed modest stock buybacks, signaling a return to capital return strategies after the pandemic.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 4:03 pm