Streetbeat News

Stock Prices

FXI

KWEB

MCHI

TCEHY

JPMorgan analyst Alex Yao has shifted his stance on China's tech sector, predicting a 20-25% increase in stock prices due to improved cost structures and macroeconomic stabilization. ETFs like KWEB, MCHI, and FXI offer exposure to this potential growth.

Portfolio Pulse from Benzinga Neuro

June 20, 2024 | 10:08 am

ABT

DXCM

PODD

Insulet's Omnipod 5, compatible with Dexcom G6 and Abbott Freestyle Libre 2 Plus continuous glucose monitor sensors, is now fully available in the U.K. and Netherlands for individuals aged two years and older with Type 1 diabetes.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:07 am

JOBY

Joby Aviation has received FAA authorization to use its proprietary software suite, ElevateOS, designed for high-tempo, on-demand air taxi operations. The software has been tested over the past two years, leveraging Joby's Part 135 certification.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:04 am

TRMB

Trimble has introduced the R980 GNSS system, which aims to enhance work productivity for geospatial professionals.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 9:55 am

TPST

Tempest Therapeutics reported that its drug Amezalpat (TPST-1120) showed improvement in all efficacy endpoints compared to the standard of care (SoC) control in a study for first-line treatment of hepatocellular carcinoma.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 9:42 am

ARQT

DJT

HDL

OCGN

QGEN

SEDG

STM

VNDA

Several major stocks are moving lower in Thursday's pre-market session. Vanda Pharmaceuticals (VNDA) fell 6% after rejecting unsolicited takeover bids. Trump Media & Technology Group (DJT) dipped 7.7% following SEC actions. Super Hi International (HDL), Ocugen (OCGN), Qiagen (QGEN), STMicroelectronics (STM), SolarEdge Technologies (SEDG), and Arcutis Biotherapeutics (ARQT) also saw declines.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 9:29 am

DELL

SMCI

Shares of Super Micro Computer, Inc. (SMCI) are rising in premarket trading due to a positive catalyst. Elon Musk confirmed that SMCI will be assembling half of the racks for the supercomputer being built by his AI venture, xAI.com. SMCI has been the best-performing stock among S&P 500 components, with a year-to-date gain of 173.78%. The stock climbed 3.27% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

June 20, 2024 | 9:18 am

VGK

European Union new car registrations fell by 3% year-over-year in May 2024, with battery electric vehicle (BEV) registrations down by 12% YoY.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 9:11 am

SNAP

Snap Inc. (NYSE:SNAP) has agreed to pay $15 million to settle a lawsuit filed by the California Civil Rights Department over gender discrimination and harassment allegations. The settlement covers female employees who worked at Snapchat in California between 2014 and 2024. The company has committed to maintaining a fair and inclusive work environment and will hire an independent consultant to assess its policies.

Portfolio Pulse from Benzinga Neuro

June 20, 2024 | 9:02 am

TGB

Taseko Mines has ratified a labor agreement at its Gibraltar Mine, leading to the resumption of operations.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 9:01 am