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PLTR

Palantir Technologies CEO Alex Karp responded to a short report by The Bear Cave, which called the company an 'AI imposter.' The report also criticized Palantir's financial metrics and revenue growth. eXp World Holdings was also mentioned in relation to a previous short report by The Bear Cave.

Portfolio Pulse from Michael Cohen

June 01, 2023 | 10:00 pm

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Marijuana stocks experienced a bearish Thursday, with iAnthus Capital Hldgs and TerrAscend among the top losers. OrganiGram Holdings, Emeren Group, and Corbus Pharmaceuticals were the top gainers.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 9:30 pm

HCNE

JAWS Hurricane Acquisition Corporation has reported the redemption of its Class A common stock.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 9:19 pm

AVGO

Broadcom expects mid-single-digit YoY growth in semiconductor revenue for Q3, as announced in their conference call.

Portfolio Pulse from Charles Gross

June 01, 2023 | 9:19 pm

AVGO

Broadcom expects its networking revenue to maintain a YoY growth of around 20% in Q3, according to a recent conference call.

Portfolio Pulse from Charles Gross

June 01, 2023 | 9:17 pm

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Boeing has announced that it is standing down from its first crewed Starliner spacecraft test due to two new hardware issues that need to be resolved.

Portfolio Pulse from Charles Gross

June 01, 2023 | 9:11 pm

SPY

The Bureau of Labor Statistics is set to release the U.S. labor market report on Friday, which will influence the Federal Reserve's future monetary policy decisions. Economists expect a decline in nonfarm payrolls from 253,000 in April to 190,000 in May. The unemployment rate is anticipated to rise from 3.4% to 3.5%. The SPDR S&P 500 ETF Trust (NYSE:SPY) soared 1.2% on Thursday.

Portfolio Pulse from Piero Cingari

June 01, 2023 | 9:08 pm

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The latest Fed Beige Book indicates a 'freight recession' as transportation costs plummet to pre-Covid levels. The Freightos Baltic Index (FBX) has dropped to levels not seen since March 2020. Five US transportation stocks that could be impacted by this crisis are United Parcel Service (UPS), FedEx Corporation (FDX), C.H. Robinson Worldwide (CHRW), J.B. Hunt Transport Services (JBHT), and CSX Corporation (CSX).

Portfolio Pulse from Piero Cingari

June 01, 2023 | 9:05 pm

HQY

In the last quarter, HealthEquity (NASDAQ:HQY) received 1 bullish and 3 somewhat bullish analyst ratings. The average 12-month price target for the company is $76.0, with a high of $80.00 and a low of $69.00, representing a 5.56% increase from the previous average of $72.00.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 9:02 pm

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Trian co-founder and CIO Ed Garden has stepped down from his position, while Nelson Peltz and Peter May will remain as CEO and President, respectively, according to the Wall Street Journal.

Portfolio Pulse from Charles Gross

June 01, 2023 | 9:02 pm