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DKNG

PENN

Dave Portnoy, founder of Barstool Sports, lost a $150,000 bet on the Edmonton Oilers but is trying to win back $1.2 million with a $200,000 bet on the Philadelphia Phillies to win the 2024 World Series. He placed the bet through DraftKings. Barstool Sports, previously owned by Penn Entertainment, is now back with Portnoy.

Portfolio Pulse from Aaron Bry

June 25, 2024 | 8:54 pm

AAPL

FDN

FTEC

IYW

MSFT

NVDA

QQQ

SOX

Nvidia Corporation (NASDAQ:NVDA) rebounded over 6% after losing $550 billion in market value. The company's market cap is now $3.10 trillion, making it the third most valuable corporation behind Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL). Concerns about Nvidia's impact on the S&P 500 Index have been raised, with analysts warning that a significant sell-off could affect the broader market. The PHLX Semiconductor Index (NASDAQ:SOX) and Invesco QQQ Trust (NASDAQ:QQQ) were also impacted. ETFs like iShares U.S. Technology ETF (NYSE:IYW), Fidelity MSCI Information Technology Index ETF (NYSE:FTEC), and First Trust Dow Jones Internet Index Fund (NYSE:FDN) saw gains.

Portfolio Pulse from Michael Juliano

June 25, 2024 | 8:53 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares are surging in after-hours trading following reports of a $5 billion investment from Volkswagen to form a joint venture focused on next-generation battery-powered vehicles. The stock also benefited from a positive analyst rating from Guggenheim.

Portfolio Pulse from Adam Eckert

June 25, 2024 | 8:52 pm

EPSN

Epsilon Energy (EPSN) announced that the recently completed Ava well in Texas is the best performer in the Pradera Fuego project so far. The well has averaged 1,290 BOEPD over the last 25 days, outperforming pre-drill estimates. The company's borrowing base has been redetermined at $45 million, effective June 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:49 pm

NEM

Whales have shown a bullish stance on Newmont (NYSE:NEM) with significant options trading activity. The trading volume and open interest suggest a focus on a price band between $25.0 and $42.5. Analysts have a positive outlook with an average target price of $50.0, and UBS has upgraded the stock to Buy.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 8:45 pm

DJT

DKNG

Trump Media & Technology Group (NASDAQ:DJT) could see high volatility following the first 2024 presidential debate. The company's stock has experienced significant price swings related to events surrounding Donald Trump, including his legal troubles and election-related news. Sportsbook DraftKings Inc (NASDAQ:DKNG) is also offering a prediction pool for the debate.

Portfolio Pulse from Chris Katje

June 25, 2024 | 8:45 pm

USO

The American Petroleum Institute (API) reported a crude oil stock build of 914,000 barrels for the week, contrary to the expected draw of 3 million barrels. This unexpected increase in crude oil inventory could impact oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:38 pm

SNAP

Snap Inc. (NYSE:SNAP) shares rose after the company announced new features to protect users from scammers, including expanded in-app warnings and enhanced friending protections. The stock is trading above its 50-day and 200-day moving averages, indicating a bullish trend.

Portfolio Pulse from Erica Kollmann

June 25, 2024 | 8:37 pm

ARGX

argenx presented new data from its autoimmune pipeline at the 2024 Peripheral Nerve Society Annual Meeting. The ARDA study data showed potential for empasiprubart to drive functional improvement and reduce relapse risk for MMN patients. The ADHERE+ data demonstrated the durability of functional improvements with VYVGART® Hytrulo, which is FDA approved for CIDP.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 8:32 pm

MMM

High-rolling investors have shown significant interest in 3M (NYSE:MMM) options, with a mix of bullish and bearish sentiments. Benzinga's options scanner identified 14 trades, including 13 calls and 1 put, indicating a potential price range of $70.0 to $115.0 for 3M. Analysts have recently upgraded their ratings on 3M, with an average target price of $121.0.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 8:31 pm