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BF

Brown-Forman Corp (NYSE:BF) shares are trading lower after the company reported a decline in fourth-quarter FY24 sales and provided a cautious outlook. Sales fell 8% year-on-year to $964 million, missing estimates, though EPS of $0.56 beat expectations. The company sees FY25 organic net sales growth of 2-4% and faces macroeconomic and geopolitical uncertainties.

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 2:15 pm

NVDA

SPY

Nvidia shares are trading higher due to ongoing AI momentum and an upcoming stock split. Nvidia has also become the second-largest holding in the SPDR S&P 500 ETF Trust, surpassing Apple.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:10 pm

BAYRY

A Pennsylvania judge reduced a $2.25 billion verdict against Bayer AG to $400 million in a case involving cancer claims linked to Roundup weedkiller. Bayer plans to appeal the decision, while the plaintiff's legal team seeks to reinstate the original verdict. Despite numerous studies indicating glyphosate's safety, Bayer faces extensive legal challenges and over 50,000 pending claims.

Portfolio Pulse from Vandana Singh

June 05, 2024 | 2:06 pm

ACB

Aurora Cannabis Inc. (NASDAQ: ACB) has launched its premium 1.2g resin cartridges in Australia, in partnership with MedReleaf Australia. These cartridges are now available for doctors to prescribe to patients. The products are developed at Aurora's EU-GMP and TGA-GMP certified facility and include offerings from both Aurora and IndiMed brands. Aurora's shares traded 0.98% higher at $5.92 during Wednesday's pre-market session.

Portfolio Pulse from Nina Zdinjak

June 05, 2024 | 2:06 pm

BF/A

BF/B

Brown Forman shares are trading lower following mixed Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:05 pm

SPY

The ISM Non-Manufacturing Business Activity Index for May increased to 61.2 from 50.9 in the previous month, indicating a significant expansion in the services sector.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:02 pm

BAC

Financial giants have made significant bullish moves on Bank of America (NYSE:BAC) options, with notable trades indicating a price window of $32.0 to $42.0. The stock is currently trading at $39.77, up by 0.24%, with an upcoming earnings report in 41 days. Analysts have mixed views, with a target price of $37.0.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 2:01 pm

GME

Market whales have taken a bearish stance on GameStop (NYSE:GME) options, with 37% of trades being bearish and only 12% bullish. The major market movers are focusing on a price range between $20.0 and $30.0. Currently, GME is trading at $28.11, up by 6.08%, but analysts have a low average target price of $7.0.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 2:01 pm

SPY

The ISM Non-Manufacturing Employment Index for May came in at 47.1, slightly below the expected 47.2 and higher than the previous month's 45.9.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 2:01 pm

KLAC

In the last three months, 17 analysts have published ratings on KLA (NASDAQ:KLAC), with a mix of bullish and bearish perspectives. The average 12-month price target has increased to $741.65, reflecting an 8.76% rise from the previous average. Analysts have recently raised their price targets, indicating positive sentiment despite a recent revenue decline.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 2:01 pm