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NVDA

Nvidia Corp (NVDA) and other chipmakers' stocks fell amid reports of the U.S. adopting a stricter stance over China's AI ambitions. The U.S. plans to tighten export controls to restrict sales of some AI chips to China. Nvidia's CFO expects no significant impact on its earnings from the embargo. China accounts for 20%-25% of Nvidia's data center sales.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 4:38 pm

HON

SAABY

Honeywell International Inc has agreed to acquire heads-up-display (HUD) assets from Saab ADR. The HUD technology will be integrated with Honeywell's avionics offerings to enhance safety solutions. The financial terms of the deal were not disclosed. Honeywell's shares are trading slightly lower.

Portfolio Pulse from Akanksha Bakshi

June 28, 2023 | 4:37 pm

AAPL

Apple Inc (NASDAQ:AAPL) reached a new all-time high on Wednesday, approaching a $3 trillion market cap. The stock has been leading the market higher since mid-March, trading in a strong uptrend within a rising channel pattern. However, the stock's RSI is measuring in at about 71%, indicating overbought territory and suggesting a retracement for the stock is on the horizon.

Portfolio Pulse from Melanie Schaffer

June 28, 2023 | 4:37 pm

NOC

Northrop Grumman (NYSE:NOC) has outperformed the market over the past 20 years by 4.74% on an annualized basis, producing an average annual return of 12.36%. If an investor had bought $100 of NOC stock 20 years ago, it would be worth $1,027.88 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 4:30 pm

NEE

NextEra Energy (NYSE:NEE) has outperformed the market over the past 15 years, producing an average annual return of 10.61%. An investment of $1000 in NEE 15 years ago would be worth $4,473.24 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 4:30 pm

CAVA

CAVA Group shares are experiencing post-IPO volatility, leading to a decrease in their trading value.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 4:27 pm

ZIM

Jefferies Financial Group has maintained a Hold rating for ZIM Integrated Shipping Services Ltd (NYSE:ZIM) but lowered its price target from $16 to $13. Despite the shares trading around $12.30, the new price target implies a 5.69% upside. The article highlights ZIM's 137.14% dividend yield and calculates that an investor would need to own about $4,374.52 worth of ZIM, or 354 shares, to yield $500 per month in dividends.

Portfolio Pulse from AJ Fabino

June 28, 2023 | 4:26 pm

LCID

Lucid Group shares are trading higher following the company's recent partnership announcement with Aston Martin. The Saudi Public Investment Fund has also increased its stake in the company through a recent private placement.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 4:23 pm

ASTS

CGTX

KLR

NERV

SONN

TOVX

US stocks traded mixed with the Nasdaq Composite gaining over 80 points. U.S. crude oil inventories dropped by 9.603 million barrels, more than the market estimates of a 1.757 million decline. Kaleyra, Inc. (KLR), Minerva Neurosciences, Inc. (NERV), and Theriva Biologics, Inc. (TOVX) saw their shares rise after various positive announcements. Meanwhile, AST SpaceMobile, Inc. (ASTS), Sonnet BioTherapeutics Holdings, Inc. (SONN), and Cognition Therapeutics, Inc. (CGTX) saw their shares drop due to various negative announcements.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 4:22 pm

GDDY

GoDaddy shares are trading higher after B. Riley Securities initiated coverage on the stock with a Buy rating and a $102 price target.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 4:21 pm