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BABA

Alibaba Group's Taobao has released an updated version of its e-commerce application for Apple Vision Pro, which will go on sale in Mainland China on June 28.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 5:36 pm

AAPL

ADBE

ARM

CRM

DDOG

GDDY

MARA

NVDA

SMCI

Today's session saw significant options activity for several IT stocks, including NVDA, SMCI, MARA, MU, GDDY, CRM, ARM, ADBE, DDOG, and AAPL. Notable trades include bearish call sweeps for NVDA and MARA, and bullish call sweeps for SMCI, MU, GDDY, CRM, ARM, ADBE, DDOG, and AAPL.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 5:35 pm

NOG

OILT

PSCE

SM Energy Company (NYSE:SM) shares are down 10.2% after announcing a $2.55 billion acquisition of Uinta Basin oil and gas assets from XCL Resources, LLC. Northern Oil and Gas, Inc. (NYSE:NOG) will purchase a 20% share for $510 million. SM Energy plans to fund the acquisition through debt and cash reserves. The acquisition is expected to boost key financial metrics in 2025, including a 35% rise in Adjusted EBITDAX and a 45% increase in Adjusted free cash flow. The company also announced an 11% dividend increase and a new $500 million share repurchase program.

Portfolio Pulse from Lekha Gupta

June 27, 2024 | 5:35 pm

AMZN

AYI

CRM

GLD

JEF

KRE

LEVI

MKC

NVDA

SMPL

SOXX

TLT

WBA

Wall Street saw modest gains on Thursday as traders awaited the Federal Reserve's inflation report. U.S. banks passed the Fed's 2024 stress tests, with regional banks outperforming. The semiconductor sector struggled, while gold and Bitcoin rebounded. Key stock movers included Salesforce, Goldman Sachs, Amazon, and Walgreens Boots Alliance.

Portfolio Pulse from Piero Cingari

June 27, 2024 | 5:33 pm

AMZN

KKR

PDD

The e-commerce industry has seen mixed growth in 2024, with a notable rise in Korean beauty and cosmetics products. Temu, owned by PDD Holdings, has gained popularity due to inflationary pressures, while Amazon is planning to challenge Temu in the fast fashion and bargain site industry. Korean fashion retailer Musinsa, backed by KKR & Co, and beauty brand Olive Young have also seen significant growth.

Portfolio Pulse from Hayden Buckfire

June 27, 2024 | 5:31 pm

AOGOU

Trading halt status for AOGOU was updated at 1:30:00 PM ET. The article provides information on news and resumption times.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 5:30 pm

BTCUSD

PEPEUSD

Crypto trader Davie Satoshi predicts a positive outlook for Pepe (PEPE) in relation to Bitcoin (BTC) price movements, with two out of three scenarios being favorable for PEPE. He anticipates a wave 3 of 3 candles soon, following a minor wave 2 retracement.

Portfolio Pulse from Khyathi Dalal

June 27, 2024 | 5:28 pm

AOGO

Trading halt status for AOGO was updated at 1:25:00 PM ET. The article provides information on the news and resumption times for the stock.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 5:25 pm

BOX

Box Inc. CEO and Co-Founder Aaron Levie discussed the company's new AI features and competition in the AI space during a live interview on CNBC.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 5:25 pm

IJH

SCHD

WHR

Whirlpool Corporation (NYSE:WHR) shares are trading lower after a surge due to rumors of a potential bid by Robert Bosch GmbH. Goldman Sachs analyst Susan Maklari rated WHR as Buy with a price target of $118, noting Whirlpool's strong market position. However, the company's revenues and adjusted EBITDA have decreased significantly from 2021 to 2023. Investors can also gain exposure to WHR via the iShares Core S&P Mid-Cap ETF (NYSE:IJH) and the Schwab US Dividend Equity ETF (NYSE:SCHD).

Portfolio Pulse from Lekha Gupta

June 27, 2024 | 5:24 pm