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IMMP

Immutep Limited (NASDAQ: IMMP) successfully completed an institutional placement and the institutional component of its 1 for 7.6 pro rata accelerated non-renounceable entitlement offer, raising approximately A$80 million.

Portfolio Pulse from Charles Gross

June 02, 2023 | 8:47 am

AVGO

FIVE

LULU

MDB

YJ

Lululemon, Broadcom, Yunji, Five Below, and MongoDB reported their quarterly earnings, with Lululemon, Five Below, and MongoDB posting better-than-expected results. Lululemon shares jumped 13.3%, Five Below gained 5.7%, and MongoDB surged 23.8% in after-hours trading.

Portfolio Pulse from Lisa Levin

June 02, 2023 | 8:04 am

TSLA

Tesla CEO Elon Musk praised the quality of made-in-China Teslas during his recent visit to Giga Shanghai, stating that the cars produced there are the highest quality. Despite facing multiple production suspensions due to COVID-19 outbreaks and supply issues, Tesla continues to manufacture over 80,000 units per month at the factory.

Portfolio Pulse from Anan Ashraf

June 02, 2023 | 6:50 am

CRM

NTZ

YJ

US stocks closed higher on Thursday after the House passed the debt ceiling deal, with the S&P 500 and Nasdaq reaching their strongest levels since August 2022. The CNN Money Fear and Greed index showed improved investor sentiment. Salesforce shares dropped 4.7% despite better-than-expected Q1 results.

Portfolio Pulse from Lisa Levin

June 02, 2023 | 6:31 am

PLTR

Palantir Technologies (NYSE:PLTR) shares diverged from the market's upward trend after a short report questioned the company's AI capabilities. CEO Alex Karp expressed confidence in Palantir's superior product and highlighted customers' willingness to pay a fair price for it. Palantir's software is utilized by defense forces in the U.S. and Ukraine for satellite image interpretation.

Portfolio Pulse from Shanthi Rexaline

June 02, 2023 | 6:11 am

SHY

VGSH

Peter Schiff, chief economist at Euro Pacific Capital, warns investors that U.S. Treasuries will not provide a safe haven in current times. Treasury yields declined on Thursday, while iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) and Vanguard Short-Term Treasury Index Fund ETF (NASDAQ:VGSH) gained. Schiff also commented on the gold rally, suggesting the recent correction is over.

Portfolio Pulse from Bhavik Nair

June 02, 2023 | 5:16 am

AAPL

META

Meta Platforms Inc. has unveiled its latest virtual headset, Quest 3, ahead of Apple's expected launch of its first AR/VR headset at WWDC 2023. The Quest 3 features a slimmer design, high-resolution color mixed reality, and a new Qualcomm chipset, with a starting price of $499 and an autumn release.

Portfolio Pulse from Ananya Gairola

June 02, 2023 | 4:20 am

SHY

VGSH

The US Senate has passed a bill to raise the debt ceiling, providing relief to the Treasury Department, which had been adopting daily maneuvers due to dwindling cash reserves. The iShares 1-3 Year Treasury Bond ETF (SHY) and Vanguard Short-Term Treasury Index Fund ETF (VGSH) have seen slight gains in the last five days.

Portfolio Pulse from Bhavik Nair

June 02, 2023 | 3:55 am

BA

Boeing and NASA have postponed the July launch attempt of Boeing's first manned test flight to the International Space Station due to a supplier issue with the parachute. This delays the final test flight for certification by NASA and maintains SpaceX's lead in the commercial crew program.

Portfolio Pulse from Anan Ashraf

June 02, 2023 | 3:00 am

SPY

The U.S. Senate has voted in favor of passing the debt ceiling bill, with voting still ongoing. This move is expected to have an impact on the stock market, particularly the SPY ETF.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 2:50 am