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WKHS

Workhorse Group Inc (NASDAQ:WKHS) shares are trading higher by 8.61% to $1.01, following a 0.3% month-on-month slump in the Producer Price Index (PPI) for May. The softer PPI report suggests that raw material and input prices may not be increasing rapidly, potentially helping Workhorse manage production costs and improve profit margins.

Portfolio Pulse from Henry Khederian

June 14, 2023 | 4:19 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) shares are trading higher by 3.23% to $9.91 without any notable company-specific news. The stock is gaining traction on social media platforms and is rising after the Producer Price Index (PPI) slumped 0.3% month-on-month in May. Lower inflationary pressures may result in a more favorable economic environment, potentially attracting more individuals to engage in financial activities.

Portfolio Pulse from Henry Khederian

June 14, 2023 | 4:16 pm

SHLS

Shoals Technologies Group Inc (NASDAQ: SHLS) has appointed Brandon Moss as CEO, effective July 17, 2023. Moss will succeed interim CEO and President Jeff Tolnar, who will continue as President. Moss previously served as President of the Tools, Components, & Assembled Solutions Group at Southwire Company.

Portfolio Pulse from Lekha Gupta

June 14, 2023 | 4:12 pm

XPON

Expion360 Inc. has launched a new e360 SmartTalk Battery for electric golf carts and light electric vehicles (LEVs). The battery has intelligent wireless mobile management capabilities, superior construction, and a 12-year lifespan. The company expects the new product to leverage the solid growth prospects of golf cart batteries under the lithium battery segment.

Portfolio Pulse from Nabaparna Bhattacharya

June 14, 2023 | 4:11 pm

MVIS

WETG

U.S. stocks traded mixed with Dow Jones dropping over 100 points, while NASDAQ and S&P 500 rose. Crude oil inventories climbed by 7.919 million barrels, against market estimates of a 0.51 million decline. WeTrade Group shares surged after launching an AI-generated language model, while MicroVision shares plummeted following a proposed public offering.

Portfolio Pulse from Lisa Levin

June 14, 2023 | 4:10 pm

CEG

CVS

CVS Health Corporation has signed an 18-megawatt agreement with Constellation Energy Corporation to purchase zero-emission, renewable energy for its 147 locations in Michigan. The 12-year agreement starts in April 2025 and will help CVS reduce its carbon footprint by nearly 17,000 metric tons.

Portfolio Pulse from Nabaparna Bhattacharya

June 14, 2023 | 4:08 pm

NKE

Nike shares are experiencing an increase in value due to overall strength in the footwear industry.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 4:07 pm

AMD

NVDA

Advanced Micro Devices (AMD) shares rose after its Data Center and AI Technologies event, where it unveiled the MI300X GPU and raised its AI accelerator TAM outlook to $150 billion by 2027. Analysts from Mizuho Securities, Raymond James, Wedbush, KeyBanc Capital Markets, and Bernstein provided their takeaways and updated price targets.

Portfolio Pulse from Priya Nigam

June 14, 2023 | 4:05 pm

INTA

Over the past 3 months, 7 analysts have published their opinions on Intapp (NASDAQ:INTA) stock, with an average 12-month price target of $47.57. The average price target has increased by 24.24% over the past month.

Portfolio Pulse from Benzinga Insights

June 14, 2023 | 4:02 pm

VTYX

In the last quarter, 6 analysts rated Ventyx Biosciences (NASDAQ:VTYX) with 2 bullish and 4 somewhat bullish ratings. The average price target is $61.5, compared to the current price of $34.78, implying an upside. The average price target has decreased by 5.38% from the previous average of $65.00.

Portfolio Pulse from Benzinga Insights

June 14, 2023 | 4:02 pm