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TBLT

On June 6, ToughBuilt Industries Inc entered into a settlement agreement with Concord Property Development to resolve a dispute over nonpayment of rent under a commercial lease agreement dated October 31, 2022.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:04 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets experienced a significant sell-off following the Roaring Kitty live stream, with notable declines in Bitcoin, Ethereum, and Dogecoin. Coinglass data reported $337.08 million in crypto liquidations within four hours, primarily from long positions. Bitcoin holders in profit dropped from 98% to 87%, and exchange netflows surged by 209%. Despite the downturn, Bitcoin ETFs saw inflows of $217.78 million on June 5, pushing total inflows past $15 billion since January.

Portfolio Pulse from Khyathi Dalal

June 07, 2024 | 8:04 pm

GLD

GME

SLV

GameStop's stock experienced a decline, while gold and silver prices also dropped following the release of US economic data.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:03 pm

COIN

Coinbase shares are trading lower due to a drop in Bitcoin and potential pressure from Robinhood's Bitstamp deal.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 8:03 pm

SO

High-rolling investors have shown a bearish sentiment on Southern (NYSE:SO) through significant options trading activity. Benzinga's options scanner identified 10 trades, with 50% being bearish. The predicted price range for Southern is between $40.0 and $77.5 over the next three months. Analysts have mixed ratings on the stock, with target prices ranging from $74 to $90.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 8:01 pm

CVNA

Analysts' ratings for Carvana (NYSE:CVNA) over the last quarter show a range of sentiments from bullish to bearish. The average 12-month price target has increased by 31.21% to $98.72. Recent analyst actions include several rating raises and price target adjustments, reflecting evolving market conditions and company performance. Carvana has shown strong financial metrics, including a 17.46% revenue growth rate, a net margin of 0.91%, and a return on equity of 10.53%. However, its debt-to-equity ratio is notably high at 22.27.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 8:01 pm

JPM

JPMorgan Chase (NYSE:JPM) has outperformed the market over the past 10 years with an average annual return of 13.36%, resulting in a $100 investment growing to $349.17. The article highlights the impact of compounded returns on long-term investment growth.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 8:00 pm

SBUX

Starbucks (NASDAQ:SBUX) has outperformed the market over the past 20 years with an average annual return of 10.69%, resulting in a significant growth in investment value. A $1000 investment in SBUX 20 years ago would be worth $7,769.41 today.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 8:00 pm

EIS

USO

The United Nations has added Israel's military, Hamas, and Palestinian Islamic Jihad to a list of offenders for child rights violations. Israeli Prime Minister Netanyahu will address the U.S. Congress in July. Israeli stocks, tracked by the iShares Israel ETF (EIS), fell due to a weakening shekel. Oil prices, tracked by the United States Oil Fund (USO), also declined.

Portfolio Pulse from Piero Cingari

June 07, 2024 | 7:58 pm

FI

KSS

T

Kohl's Corp (NYSE:KSS) has decided not to sponsor the upcoming Republican National Convention (RNC) in Milwaukee, citing its non-political stance. Other companies like Fiserv Inc (NYSE:FI) and AT&T Inc (NYSE:T) will sponsor the event. The decision has drawn mixed reactions, with some applauding and others calling for a boycott of Kohl's.

Portfolio Pulse from Hayden Buckfire

June 07, 2024 | 7:55 pm