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Stock Prices

RAIN

Mizuho analyst Graig Suvannavejh downgraded Rain Oncology (NASDAQ:RAIN) from Buy to Neutral and lowered the price target from $17 to $1.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 9:11 am

TSLA

Tesla shares have risen 40% since late April, and fund manager Gary Black outlined four factors that could keep the stock rising: volumes growing more than 39% in 2023 and 27% in 2024, a 22% compounded annual growth rate of volume between 2023 and 2027, stable ASPs, and rising gross margins excluding regulatory credits.

Portfolio Pulse from Shanthi Rexaline

June 05, 2023 | 8:58 am

EVAX

Evaxion Biotech's shares surged 43% premarket after the company announced that its melanoma trial met its primary endpoints. The proprietary AI technology Pioneer was able to identify high-quality cancer vaccine targets.

Portfolio Pulse from Charles Gross

June 05, 2023 | 8:56 am

FRZA

Forza X1 shares surged 80% premarket after the company tweeted on Friday, teasing an extraordinary announcement and urging followers to stay tuned.

Portfolio Pulse from Charles Gross

June 05, 2023 | 8:52 am

USO

July crude oil prices rose 2.5% after Saudi Arabia pledged a new voluntary oil output cut of 1 million barrels per day for July.

Portfolio Pulse from Charles Gross

June 05, 2023 | 8:48 am

AAPL

META

Metaverse tokens, including The Sandbox (SAND) and Decentraland (MANA), rose as much as 6% amid rumors of Apple's possible entry into the AR/VR headset market. Apple may unveil new headset technology at the upcoming Worldwide Developers Conference, potentially competing with Meta Platforms.

Portfolio Pulse from Mehab Qureshi

June 05, 2023 | 8:47 am

FXI

TSLA

Tesla delivered 77,695 China-made electric vehicles in May, a 2.4% increase compared to April, according to the China Passenger Car Association.

Portfolio Pulse from Charles Gross

June 05, 2023 | 8:45 am

GLBS

HQY

JOAN

PEPG

SAIC

SAIC, HealthEquity, Globus Maritime, PepGen, and JOANN are stocks to watch on Monday. SAIC is expected to report earnings of $1.76 per share on revenue of $1.94 billion. Globus Maritime reported better-than-expected sales results for Q1. HealthEquity is expected to report earnings of 41 cents per share on revenue of $239.43 million. PepGen filed for a mixed shelf of up to $300 million. JOANN is expected to post a quarterly loss of 66 cents per share on revenue of $480.61 million.

Portfolio Pulse from Lisa Levin

June 05, 2023 | 8:11 am

QQQ

SPY

IMF Managing Director Kristalina Georgieva believes the Federal Reserve may need to implement more rate hikes due to the absence of a significant slowdown in lending and a resilient U.S. jobs report. Wall Street is currently focused on the debt ceiling crisis, with the SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ) recording gains on Friday.

Portfolio Pulse from Bhavik Nair

June 05, 2023 | 7:31 am

USO

OPEC+ announced a limit on combined oil production to 40.463 million barrels per day in 2024, with voluntary cuts extended to 2024. Saudi Arabia will implement an additional 1 million barrel per day cut starting July. KeyBanc analyst Tim Rezvan sees this as bullish for oil prices but not a precursor to a super-spike.

Portfolio Pulse from Shanthi Rexaline

June 05, 2023 | 7:26 am