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Visa and Mastercard are facing a potential setback as a New York judge indicated disapproval of their proposed $30 billion antitrust settlement. The settlement aimed to resolve claims related to credit and debit card fees for merchants but has been criticized for offering insufficient benefits. This comes amid increased scrutiny of their fee practices.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 2:21 am

ADBE

DIS

GME

SMCI

TSLA

On Thursday, major U.S. stock indices showed varied results. Tesla, GameStop, Super Micro Computer, Adobe, and Disney were the top stocks that gained attention. Tesla's stock rose due to shareholder meeting outcomes, GameStop surged due to rescheduled meeting, Super Micro Computer increased due to AI growth, Adobe fell slightly after beating financial estimates, and Disney dropped after settling a dispute with Florida's governor.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 2:16 am

TSLA

Tesla's recent shareholder meeting saw strong support for Elon Musk's leadership, with shareholders reapproving his multibillion-dollar pay package. Analyst Dan Ives predicted a trillion-dollar market cap for Tesla, while investor Ross Gerber, previously critical of Musk, expressed optimism about his management.

Portfolio Pulse from Kaustubh Bagalkote

June 14, 2024 | 1:43 am

TRNR

Trading for TRNR was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 11:50 pm

TWOU

Trading for 2U, Inc. (TWOU) was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 11:50 pm

AMC

CMCSA

DIS

Disney is banking on upcoming releases 'Inside Out 2,' 'Moana 2,' and 'Deadpool & Wolverine' to recover from a disappointing box office performance in 2023. These films are expected to boost Disney's financials and also benefit theater chains like AMC.

Portfolio Pulse from Chris Katje

June 13, 2024 | 10:45 pm

TSLA

Tesla Inc. (NASDAQ: TSLA) held its annual shareholders meeting where CEO Elon Musk shared an optimistic outlook for the company's future, including advancements in autonomous driving, the Cybertruck, and the Tesla Semi. Musk also hinted at a potential $30 trillion valuation for Tesla, driven by innovations like the Optimus bot.

Portfolio Pulse from Chris Katje

June 13, 2024 | 10:03 pm

ISSC

Innovative Solutions & Support (ISSC) has rejected Christopher Harborne's proposal to acquire the company at $7.25 per share, stating that the offer undervalues the company and is not in the best interests of the company and its stakeholders.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 9:51 pm

MMM

Wolfe Research has upgraded 3M Company (NYSE:MMM) from 'Peer Perform' to 'Outperform' with a year-end 2024 price target of $125 per share. The upgrade is driven by the appointment of Bill Brown as CEO and a positive EPS outlook. Despite challenges, 3M's valuation is seen as attractively discounted.

Portfolio Pulse from Vaishali Prayag

June 13, 2024 | 9:48 pm

GME

GameStop's virtual annual meeting was adjourned due to technical difficulties and has been rescheduled to June 17, 2024, at 12:30 PM EST.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 9:28 pm