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Stock Prices

COIN

Coinbase shares dropped 12% after the SEC filed a lawsuit against the cryptocurrency exchange, alleging violations of securities laws. CNBC's Jim Cramer expressed surprise that the Justice Department has not pursued Binance, which is also facing legal issues with the SEC.

Portfolio Pulse from Shanthi Rexaline

June 07, 2023 | 12:42 pm

QQQ

SPY

Stifel's chief equity strategist, Barry Bannister, predicts no textbook recession soon and expects the S&P 500 to level out around 4,400 in Q3. He believes the stock market rally will continue at a gradual pace, with cyclical value catching up in a P/E-led rally.

Portfolio Pulse from Bhavik Nair

June 07, 2023 | 12:36 pm

BKTI

BK Technologies Corporation has delivered its first shipment of the BKR 9000 multiband radio to a U.S. Army Base as part of the base's portable communications technology lifecycle replacement program. The BKR 9000 is the company's first multiband portable radio for the public safety market, offering high performance at a cost-efficient price point.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:36 pm

BA

Boeing Co (NYSE:BA) has delayed deliveries of its 787 Dreamliners due to a new defect found in the plane's horizontal stabilizer. The company is inspecting its jets in inventory and expects to fix the problem within a couple of weeks per plane. The FAA has been notified and will not permit the delivery of new Dreamliners until the issue is resolved.

Portfolio Pulse from Akanksha Bakshi

June 07, 2023 | 12:36 pm

ATHA

DHC

TCRX

Insiders have recently made significant purchases in three penny stocks: Diversified Healthcare Trust (DHC), TScan Therapeutics (TCRX), and Athira Pharma (ATHA). DHC posted a profit for Q1, TCRX received FDA clearance for an investigational new drug application, and Mizuho maintained a Buy rating on ATHA with a lowered price target.

Portfolio Pulse from Lisa Levin

June 07, 2023 | 12:32 pm

SPY

U.S. trade exports for April were reported at $249 billion, lower than the prior month's $256.2 billion.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:32 pm

SPY

UVXY

Ahead of the Federal Reserve decision, the SPDR S&P 500 ETF Trust (SPY) showed a possible bull flag pattern, while the CBOE Volatility Index (VIX) plunged over 5%. Traders can use MIAX's SPIKES Volatility products to trade the volatility in the stock market.

Portfolio Pulse from Melanie Schaffer

June 07, 2023 | 12:29 pm

OP

OceanPal has announced a 1-for-20 reverse stock split, effective June 8. This move is aimed at increasing the company's stock price and attracting more investors.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:28 pm

MRVL

TSM

Marvell Technology (MRVL) has won a significant order from Amazon for its AI chips, which will be manufactured using Taiwan Semiconductor Manufacturing Company's (TSMC) 5nm process technology.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2023 | 12:24 pm

LOVE

Lovesac Co (NASDAQ:LOVE) reported Q1 FY24 net sales growth of 9.1% Y/Y to $141.2 million, beating the consensus of $134.2 million. The company sees Q2 EPS of $(0.12) - $(0.16) and sales of $149.0 million-$151.0 million. Lovesac also announced the appointment of Keith Siegner as the new CFO and Executive VP, effective June 30, 2023.

Portfolio Pulse from Lekha Gupta

June 07, 2023 | 12:23 pm