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AEIS

Advanced Energy Industries (NASDAQ:AEIS) has decided not to pursue a takeover of XP Power Limited (LSE: XPP) due to lack of progress in negotiations and inability to access necessary due diligence. The proposed offer was 1950p per share.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 7:16 am

AAN

CRMT

KBH

PDCO

The S&P 500 and Nasdaq closed at record highs amid improving investor sentiment, despite the CNN Money Fear and Greed index remaining in the 'Fear' zone. The Aaron's Company, Inc. (NYSE:AAN) saw a significant 33% jump after announcing an acquisition agreement with IQVentures Holdings. Investors are also awaiting earnings results from Patterson Companies, Inc. (NASDAQ:PDCO), KB Home (NYSE:KBH), and America’s Car-Mart, Inc. (NASDAQ:CRMT).

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 6:30 am

NVDA

TSLA

Elon Musk and Nvidia CEO Jensen Huang predict that humanoid robots will become significantly more common than cars in the future. Musk supports Huang's vision, emphasizing the potential for widespread adoption of humanoid robots, including Tesla's Optimus, which could be sold at a competitive price.

Portfolio Pulse from Ananya Gairola

June 18, 2024 | 5:27 am

BTCUSD

CORZ

The shift of investor focus towards artificial intelligence (AI) is impacting major cryptocurrencies like Bitcoin and Ethereum. BIT Mining Chief Economist Youwei Yang suggests that 'hot money' is now chasing AI, causing crypto to trade sideways. However, senior research analyst Juan Leon believes the intersection of AI and cryptocurrency could significantly boost global GDP by 2030. CoreWeave's recent $1.6 billion offer to acquire Bitcoin miner Core Scientific highlights this trend.

Portfolio Pulse from Aniket Verma

June 18, 2024 | 5:00 am

IYE

XLE

XOM

A federal judge has dismissed Exxon Mobil's lawsuit against climate activist shareholder Arjuna Capital over a climate proposal. The lawsuit aimed to prevent the submission of a proposal calling for accelerated carbon dioxide emissions reductions. Despite the withdrawal of the proposal, Exxon continued the lawsuit, which was ultimately dismissed as moot. This marks a significant moment in the ongoing battle between Exxon and climate activists.

Portfolio Pulse from Benzinga Neuro

June 18, 2024 | 4:55 am

ACB

BYND

Analyst Faizan Farooque sees potential short squeezes for Beyond Meat (NASDAQ:BYND) and Aurora Cannabis (NASDAQ:ACB) due to their recent actions and market conditions. Beyond Meat is facing challenges but is optimizing inventory and cutting costs. Aurora Cannabis has positive EBITDA but faces slow market growth.

Portfolio Pulse from Nicolás Jose Rodriguez

June 18, 2024 | 4:55 am

CURLF

CWBHF

CYBN

ETRGF

PLNH

TLLTF

Recent leadership changes in the cannabis and psychedelics industries include new board members and executives at Cybin Inc., Curaleaf Holdings, Planet 13 Holdings, Charlotte’s Web Holdings, Flora Corporation, Entourage Health Corp., and TILT Holdings. These changes could impact the strategic direction and performance of these companies.

Portfolio Pulse from Jelena Martinovic

June 18, 2024 | 4:48 am

EWA

The Reserve Bank of Australia has decided to keep the interest rate unchanged at 4.35% for June. This decision may impact various financial instruments, including the iShares MSCI Australia ETF (EWA).

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 4:30 am

BTCUSD

ETHUSD

Economist Peter Schiff criticized Bitcoin spot ETFs, questioning their impact on Bitcoin's price, which has remained stagnant despite ETF buying. Schiff raised concerns about potential sell pressure if ETF buyers lose patience. Cryptocurrency analyst James Van Straten countered, attributing the downturn to basis trading and noting that ETF buyers are still in profit.

Portfolio Pulse from Aniket Verma

June 18, 2024 | 4:18 am

TSLA

Tesla Inc (NASDAQ:TSLA) has reduced prices on select variants of its Model 3 in Canada by C$1000. The price cuts apply to the rear-wheel drive and Long-Range versions, while the Performance variant remains unchanged. The Model 3, along with the Model Y, constitutes a significant portion of Tesla's sales.

Portfolio Pulse from Anan Ashraf

June 18, 2024 | 4:04 am