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RH

RH expects demand growth of 12%-14% and revenue growth of 8%-10% on a 52-week basis. The company forecasts an adjusted operating margin of 13%-14% and an adjusted EBITDA margin of 18%-19%.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:46 pm

GME

GameStop shares surged after Keith Gill, known as Roaring Kitty, updated his position on Reddit, showing he now holds over 9 million shares. The stock had previously fallen due to speculation that Gill was selling call options. GameStop's annual shareholder meeting was rescheduled due to high traffic causing a server crash.

Portfolio Pulse from Adam Eckert

June 13, 2024 | 8:46 pm

WRK

WestRock (NYSE:WRK) has seen a 36.59% increase in its short percent of float, now at 6.16% of all regular shares available for trading. This is higher than the peer group average of 3.28%. It would take traders 8.27 days to cover their short positions on average.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 8:45 pm

DYN

Dyne Therapeutics' DYNE-302 showed prolonged activity in preclinical models of facioscapulohumeral muscular dystrophy (FSHD). The data was presented at the FSHD Society International Research Congress.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:43 pm

RH

RH shares are trading lower after the company reported mixed Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:42 pm

RH

RH (NYSE:RH) reported a Q1 adjusted EPS of $(0.40), missing the $(0.12) estimate by 233.33%. Sales were $726.96M, slightly beating the $724.70M estimate. This represents a significant earnings decline from $2.21 per share last year and a 1.65% decrease in sales from $739.16M.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:42 pm

MSM

MSC Industrial Direct shares are trading lower after the company reported preliminary Q3 financial results below estimates and cut its FY24 adjusted operating margin.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:41 pm

MSM

MSC Industrial Direct Co., Inc. (MSM) has announced its expected Q3 adjusted EPS to be between $1.32 and $1.34, which is below the estimated $1.55.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:36 pm

AVGO

NVDA

PARA

SMCI

TSLA

WBD

XLC

XLE

XLK

XLRE

The Nasdaq 100 and S&P 500 closed at record highs, driven by gains in tech stocks. The Nasdaq 100 rose 0.6% to 19,576 points, while the S&P 500 increased 0.2% to 5,433 points. Treasury Secretary Janet Yellen's optimistic comments on disinflation and a strong job market boosted investor confidence. The market is pricing in a high probability of rate cuts by the end of the year. Technology and real estate sectors led the gains, while energy and communication services lagged.

Portfolio Pulse from Piero Cingari

June 13, 2024 | 8:35 pm

NVOS

Novo Integrated Sciences has received confirmation from HSBC for the issuance of a Standby Letter of Credit (SBLC) for its SBLC leasing and monetizing program. The company is projected to receive gross funding proceeds of approximately $78 million.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:34 pm