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NXST

VZ

YY

Wall Street's most accurate analysts recommend three high-yielding dividend stocks in the communication services sector: JOYY Inc. (NASDAQ:YY), Verizon Communications Inc. (NYSE:VZ), and Nexstar Media Group, Inc. (NASDAQ:NXST). These stocks have dividend yields of 8.23%, 7.33%, and 3.58%, respectively.

Portfolio Pulse from Lisa Levin

June 02, 2023 | 12:47 pm

WBX

Wallbox N.V. (NYSE:WBX) announces a private placement of 18,832,432 Class A ordinary shares at $2.58 per share, raising $48.6 million from existing investors and strategic partners. The transaction aims to strengthen the company's balance sheet and support its strategic plan.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:46 pm

LPTV

Loop Media Inc (LPTV) provided Q3 FY23 guidance, expecting revenue of $5.4M-$5.6M, below the consensus estimate of $8.3M, and an operating loss of $7.6M-$7.9M. The company projects a 20% reduction in SG&A expenses and a gross profit margin of 30%-33%. LPTV anticipates continued macro headwinds in digital advertising spending due to potential recession.

Portfolio Pulse from Lekha Gupta

June 02, 2023 | 12:42 pm

CMCSA

NFLX

Netflix shareholders voted against the company's executive pay package in a non-binding vote, following a plea by striking Hollywood writers. The Writers Guild of America West has also written a similar letter to Comcast Corporation, the parent company of NBCUniversal.

Portfolio Pulse from Akanksha Bakshi

June 02, 2023 | 12:39 pm

LULU

LVTX

UCAR

Lululemon Athletica reported Q1 EPS of $2.28, beating the $1.98 estimate, and sales of $2.00B, beating the $1.92B estimate. LAVA Therapeutics announced Janssen's selection of its lead gamma-delta T-cell engager bispecific antibody for clinical development. UCAR experienced a 95% price increase with no news, potentially due to a squeeze after its recent IPO.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 12:38 pm

CHCI

ELME

WE

The most oversold stocks in the real estate sector, WeWork Inc. (NYSE:WE), Comstock Holding Companies, Inc. (NASDAQ:CHCI), and Elme Communities (NYSE:ELME), present an opportunity to buy into undervalued companies. These stocks have RSI values near or below 30, indicating they may be oversold.

Portfolio Pulse from Lisa Levin

June 02, 2023 | 12:38 pm

AMZN

Amazon has lost three key leaders this week, including Melissa Nick, VP of North America customer fulfillment, Chris Vonderhaar, VP of Amazon Web Services data center, and Puneet Chandok, head of AWS in India and South Asia. The departures come amid reports of a mass employee walkout and recent operational changes.

Portfolio Pulse from Anusuya Lahiri

June 02, 2023 | 12:33 pm

NISN

Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2), after previously receiving a delisting notice.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:32 pm

NBIX

Neurocrine Biosciences presented data from a meta-analysis of three long-term studies on INGREZZA capsules, showing substantial and sustained improvements in tardive dyskinesia (TD) in adults with or without concomitant antipsychotic therapy. The data were presented at the 2023 Psych Congress Elevate.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 12:32 pm

NVDA

Nvidia CEO Jensen Huang is expected to visit Shanghai on June 6, meeting executives from Tencent, ByteDance, Xiaomi, BYD, and Li Auto. Huang expressed confidence in China's ability to catch up in chip technology despite the US embargo. China accounted for over 20% of Nvidia's sales in its latest financial year.

Portfolio Pulse from Anusuya Lahiri

June 02, 2023 | 12:29 pm