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IPW

iPower shares are trading higher after the company announced it was approved as a Temu U.S. Seller.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:27 pm

TLT

Goldman Sachs reaffirms its forecast for two interest rate cuts in 2024, starting in September, despite the Federal Reserve's hawkish surprise in its June meeting. The Fed acknowledged modest progress on inflation, which has dropped significantly. Market participants now see a high probability of rate cuts, pushing bond yields down and equity indices up. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has risen over 2% for the week.

Portfolio Pulse from Piero Cingari

June 13, 2024 | 4:26 pm

CRDL

Cardiol Therapeutics shares are trading lower following the announcement of 8-week clinical data from its Phase II MAvERIC-Pilot study on CardiolRx for symptomatic recurrent pericarditis.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:24 pm

RGEN

Repligen shares are trading lower following the announcement of a CEO transition.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:22 pm

CARA

Cara Therapeutics (NASDAQ:CARA) shares dropped significantly after analysts from Needham and HC Wainwright downgraded the stock due to the failure of a key clinical trial and the lack of future value drivers. The company plans to halt its NP program and explore strategic alternatives.

Portfolio Pulse from Priya Nigam

June 13, 2024 | 4:21 pm

SBFM

Sunshine Biopharma shares are trading higher following a purchase disclosure by Texas Congressman Roger Williams.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:16 pm

CERO

CERo Therapeutics shares are trading lower following the company's execution of pre-IND manufacturing activities for its lead therapeutic, CER-1236.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:09 pm

KMB

Kimberly-Clark Corp (NYSE:KMB) received a double upgrade from analysts, with expectations of gross margins reaching 40% by 2030. The company's volumes have shown improvement, and it is poised for market share gains, particularly in the premium tier and in China.

Portfolio Pulse from Priya Nigam

June 13, 2024 | 4:08 pm

AVGO

BRTX

BURU

CARA

JILL

STSS

ZAPP

U.S. stocks traded mixed with the Dow Jones down over 200 points, while the NASDAQ rose. Broadcom shares surged 13% after strong Q2 results and a 10-for-1 stock split announcement. BioRestorative Therapies, Zapp Electric Vehicles, and Sharps Technology saw significant gains. J.Jill, Nuburu, and Cara Therapeutics experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 4:07 pm

REPL

Replimune shares are trading higher following the announcement of a $100 million private placement financing with an institutional investor.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 4:07 pm