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MCD

SBUX

Starbucks has introduced a new value menu called the 'Starbucks Pairings Menu' to attract budget-conscious consumers. The menu offers discounted combinations of coffee or tea with a croissant or breakfast sandwich. This move comes after Starbucks' stock fell due to disappointing quarterly financial data and aims to compete with similar value deals from other chains like McDonald's.

Portfolio Pulse from Hayden Buckfire

June 11, 2024 | 6:57 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares are trading lower ahead of the company’s annual shareholder meeting, which includes a proposal regarding CEO Elon Musk’s 2018 pay package. The outcome of the vote, which is expected to be close, could impact Musk's focus on Tesla and the company's share count. Analyst Tony Sacconaghi predicts a 5% drop in Tesla stock if the proposal fails.

Portfolio Pulse from Adam Eckert

June 11, 2024 | 6:57 pm

AVGO

KLAC

LRCX

META

NFLX

SMCI

Speculation is growing that Meta Platforms, Inc (NASDAQ:META) may announce a stock split as its stock has surged over 450% from 2022 lows. Meta is the only company among the 'Magnificent Seven' that has not split shares. The potential split could make Meta more accessible to retail investors and a candidate for the Dow Jones Industrial Average. Other companies identified as potential candidates for stock splits include Broadcom Inc (NASDAQ:AVGO), Lam Research Corp (NASDAQ:LRCX), Super Micro Computer Inc (NASDAQ:SMCI), KLA Corp (NASDAQ:KLAC), and Netflix Inc (NASDAQ:NFLX).

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 6:55 pm

MDGL

Madrigal Pharmaceuticals shares are trading higher after Wolfe Research initiated coverage on the stock with an Outperform rating.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 6:53 pm

AMZN

EBAY

GOOGL

PDD

Chinese e-commerce platform Temu, a division of PDD Holdings Inc (NASDAQ:PDD), has surpassed eBay Inc. (NASDAQ:EBAY) in attracting repeat U.S. customers. A survey by Omnisend shows 34% of consumers shop on Temu monthly, compared to eBay's 29%. Temu's growth is driven by heavy marketing and promotional discounts, including Super Bowl ads. Despite challenges in product quality and delivery speeds, Temu's direct-from-factory sales model is gaining traction among price-conscious shoppers.

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 6:48 pm

Realty Income's (NYSE:O) short interest has risen by 6.86%, with 14.17 million shares sold short, representing 1.87% of its float. This increase in short interest could indicate bearish sentiment among investors. However, compared to its peers, Realty Income has a lower short interest percentage.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 6:45 pm

AXP

EBAY

Citigroup analyst Keith Horowitz initiated coverage on American Express (AXP) with a Neutral rating and a $250 price target, citing limited near-term upside despite a positive long-term outlook. AXP shares are trading lower by 2.78% at $225.98. EBay (EBAY) plans to stop using American Express cards due to high fees.

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 6:45 pm

Parker Hannifin's (NYSE:PH) short interest has risen by 17.46%, with 952,000 shares sold short, representing 0.74% of its float. This increase in short interest could indicate bearish sentiment among investors. However, compared to its peers, Parker Hannifin has a lower short interest percentage.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 6:45 pm

GOOG

GOOGL

PINS

TikTok is introducing image search capabilities in its TikTok Shop, positioning itself as a competitor to Google in the search market. This move could impact Google's dominance in search and also affect other companies in the visual search space.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 6:43 pm

MSFT

SONY

Activision, a subsidiary of Microsoft Corp. (NASDAQ:MSFT), has clarified that the upcoming Call of Duty: Black Ops 6 will not require a 300 GB download, contrary to earlier messaging. This news alleviates concerns for players using Sony Group Corp. (NYSE:SONY) PlayStation 5 and Xbox Series X | S consoles. The actual file size will be smaller, with more details to be provided closer to the game's launch.

Portfolio Pulse from Franca Quarneti

June 11, 2024 | 6:42 pm