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KOSS

Koss Corporation (KOSS) shares resumed trading after being halted due to a circuit breaker. The stock surged by 197%, triggering another halt.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 3:57 pm

ADP

GLD

TLT

The June Jobs Report is expected to show a cooling labor market, with nonfarm payroll growth declining and earnings momentum slowing. Fed Chair Jerome Powell noted the labor market is cooling appropriately, which may bolster hopes for rate cuts. Conflicting data from ADP and services sector surveys suggest potential surprises. Market reactions indicate increased bets on rate cuts, with Treasury yields falling and the iShares 20+ Year Treasury Bond ETF (TLT) and SPDR Gold Trust (GLD) rising.

Portfolio Pulse from Piero Cingari

July 03, 2024 | 3:56 pm

META

Meta Platforms Inc (NASDAQ:META) is set to challenge X (formerly Twitter) with its new ad strategy on Threads. Launched in July 2023, Threads has grown to over 175 million monthly users and is introducing targeted and personalized ads. This move aims to capitalize on Elon Musk's struggles with X and attract advertising revenue.

Portfolio Pulse from Anusuya Lahiri

July 03, 2024 | 3:52 pm

KOSS

Koss Corporation (KOSS) shares were halted on a circuit breaker due to a significant upward movement, with the stock now up 169.9%.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 3:51 pm

LAZR

TSLA

Luminar Technologies Inc (NASDAQ: LAZR) shares are trading higher after the company launched its Sentinel software suite for automakers. The software includes features like proactive safety, perception, 3D mapping, and dynamic LiDAR, and is designed to accelerate the development of advanced safety and autonomous functionalities in vehicles. Luminar's CEO highlighted the software's alignment with new NHTSA mandates and its compatibility with various vehicle types. Tesla Inc (NASDAQ: TSLA) was noted as Luminar's biggest LiDAR customer in the first quarter.

Portfolio Pulse from Adam Eckert

July 03, 2024 | 3:38 pm

GOEV

Canoo (NASDAQ:GOEV) shares are trending after announcing a purchase agreement with Go2 Delivery, receiving multiple design awards, and joining the Russell 3000 index. Despite these positive developments, the stock is trading 3.04% lower at $2.25.

Portfolio Pulse from Dylan Berman

July 03, 2024 | 3:35 pm

STZ

Constellation Brands executives have indicated that the company expects lower volumes and margins in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 3:34 pm

LLY

NVO

Novo Nordisk and Eli Lilly shares are trading lower due to a report suggesting a link between Ozempic and a higher risk of a serious eye condition.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 3:34 pm

ZK

ZEEKR shares are trading higher after the company reported June deliveries of 20,106, up 89% year over year.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 3:33 pm

LLY

NVO

A new observational study has linked Novo Nordisk's GLP-1 drugs Ozempic and Wegovy to a higher risk of nonarteritic anterior ischemic optic neuropathy (NAION), an eye condition that can cause vision loss. The study found a significantly higher incidence of NAION in patients prescribed semaglutide compared to those on non-GLP-1 drugs. Novo Nordisk has responded by emphasizing the safety profile of semaglutide, though the study's authors call for further research.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 3:31 pm