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NNDM

SSYS

Desktop Metal, Inc. (NYSE:DM) has been acquired by Nano Dimension Ltd. (NASDAQ:NNDM) in an all-cash deal valued at $5.50 per share, representing a 27.3% premium over DM's closing price. The deal, totaling approximately $183 million, could be adjusted based on certain conditions. The transaction is expected to close in Q4 2024. The combined entity aims to leverage increased scale and diversification, with a projected 2023 combined revenue of $246 million.

Portfolio Pulse from Lekha Gupta

July 03, 2024 | 12:37 pm

RPAY

Repay shares are trading lower after the company announced pricing of its convertible notes offering.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:35 pm

STZ

Constellation Brands shares are trading higher after the company reported mixed Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:33 pm

BAC

Bank of America Corp (NYSE:BAC) stock hit a new 52-week high of $40.96, driven by strong technical indicators and a favorable analyst outlook. The stock has outperformed the S&P 500 and the S&P Banks Index, with a year-to-date increase of 21.56%. Goldman Sachs analyst Richard Ramsden sees a valuation discount and expects Net Interest Income to reaccelerate later in the year.

Portfolio Pulse from Surbhi Jain

July 03, 2024 | 12:33 pm

OPAL

TOPS

VTNR

The article highlights three oversold energy stocks with RSI values below 30, indicating potential buying opportunities. The stocks mentioned are TOP SHIPS Inc (NYSE:TOPS), Opal Fuels Inc (NASDAQ:OPAL), and Vertex Energy Inc (NASDAQ:VTNR).

Portfolio Pulse from Avi Kapoor

July 03, 2024 | 12:33 pm

DELL

IVW

NVDA

SMCI

VGT

Nvidia Corp (NASDAQ:NVDA) is under scrutiny as its advanced AI chips are reportedly being smuggled into China despite U.S. export restrictions. The underground market for these chips is thriving, with over 70 distributors advertising Nvidia’s restricted chips online. Nvidia sells its chips through third parties like Dell Technologies Inc (NYSE:DELL) and Super Micro Computer Inc (NASDAQ:SMCI). The U.S. government plans to extend its semiconductor technology embargo to Russia. Nvidia stock has gained over 189% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

July 03, 2024 | 12:31 pm

SPY

The USA trade balance for May was reported at -$75.10 billion, an improvement from the previous month's -$76.30 billion and slightly worse than the expected -$74.60 billion.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:30 pm

STZ

Constellation Brands Inc. (NYSE:STZ) shares are rising after the company posted better-than-expected first-quarter FY25 adjusted EPS. The company reported a 6% year-on-year sales growth to $2.66 billion, with the Beer segment showing an 8% increase. Gross profit increased by 12%, and operating income jumped 23%. The company reaffirmed its FY25 guidance and declared a quarterly cash dividend of $1.01 per share.

Portfolio Pulse from Shivani Kumaresan

July 03, 2024 | 12:29 pm

ADP

QQQ

UUP

The ADP National Employment Report revealed that U.S. private employers added 150,000 jobs in June, falling short of expectations and marking the third consecutive month of reduced job growth. The report indicates a cooling labor market, with notable job gains in leisure and hospitality but contractions in natural resources, mining, and manufacturing. The U.S. Dollar Index remained steady, and U.S. equity futures were flat following the report.

Portfolio Pulse from Piero Cingari

July 03, 2024 | 12:27 pm

SPY

The ADP Nonfarm Employment Change for June reported an increase of 150,000 jobs, falling short of the estimated 163,000. This data could influence market sentiment and impact broad market indices.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 12:15 pm