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OCGN

Ocugen has received approval from the Data and Safety Monitoring Board (DSMB) to enroll patients in the high dose cohort 3 of its Gardian study for Stargardt disease. The medium dose has been established as safe and tolerable in the ongoing OCU410ST clinical trial.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 11:05 am

FDS

FactSet has revised its fiscal year 2024 guidance, lowering its revenue expectations to $2.18B-$2.19B from $2.20B-$2.21B, while raising its adjusted EPS forecast to $16.00-$16.40 from $15.60-$16.00. The company also adjusted its organic ASV growth and operating margin expectations.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 11:05 am

DIA

NVDA

QQQ

SPY

UUP

Global markets experienced mixed performance with U.S. stock markets closing mixed, Asian markets mostly declining, and European markets also down. The U.S. Dollar strengthened due to a relatively hawkish Federal Reserve stance despite weak housing and labor market data.

Portfolio Pulse from Akanksha Bakshi

June 21, 2024 | 10:55 am

KMX

CarMax (NYSE:KMX) reported Q1 earnings per share (EPS) of $0.97, beating the analyst estimate of $0.94. However, sales of $7.11 billion missed the $7.21 billion estimate. Both EPS and sales showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 10:52 am

MCHP

VTI

XLK

Microchip Technology (NASDAQ:MCHP) stock saw a recovery on Friday after a selloff on Thursday. The company announced that its JAN transistors are now qualified for Military-Standard Enhanced Low Dose Radiation Sensitivity (ELDRS) requirements. Microchip has a strong legacy in aerospace and defense, with dedicated facilities in Ennis, Ireland, and Lawrence, Massachusetts. Analysts expect a rebound in the analog industry. MCHP shares traded higher by 2.00% at $90.80 premarket on Friday. Investors can also gain exposure through Vanguard Total Stock Market ETF (NYSE:VTI) and SPDR Select Sector Fund – Technology (NYSE:XLK).

Portfolio Pulse from Anusuya Lahiri

June 21, 2024 | 10:52 am

ALK

IYT

JBLU

JETS

UAL

A United Airlines (NASDAQ:UAL) flight made an emergency landing after losing part of an engine liner, adding to a series of safety incidents that have placed the airline under regulatory scrutiny. The FAA is investigating, and United's safety procedures are under review. The incident has temporarily limited United's certification activities, impacting its growth.

Portfolio Pulse from Shivani Kumaresan

June 21, 2024 | 10:43 am

SPR

Reuters reported that Boeing is nearing a deal to buy back Spirit AeroSystems after months of talks. This potential acquisition could have significant implications for both companies.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 10:35 am

NGL

NGL Energy Partners LP (NYSE:NGL) announced quarterly cash distributions for its Class B and Class C Preferred Units. Class B units will receive $0.7820 per unit, and Class C units will receive $0.7926 per unit on July 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 10:29 am

BTCUSD

Robert F. Kennedy Jr. has pledged to pardon Ross Ulbricht, the founder of Silk Road, if he becomes President. This follows a similar promise made by Donald Trump. Ulbricht, who is serving two life sentences for creating the Silk Road, has been a controversial figure, with his case involving significant amounts of Bitcoin.

Portfolio Pulse from Benzinga Neuro

June 21, 2024 | 10:29 am

IWM

RKLB

XAR

Rocket Lab USA (NASDAQ:RKLB) launched its 50th Electron mission, deploying satellites for French IoT company Kinéis. The stock is trading higher on Friday. The mission is the first of five dedicated launches for Kinéis, backed by CNES and CLS, to improve global IoT connectivity. Rocket Lab has deployed 190 satellites across 50 launches for various customers, including NASA and the National Reconnaissance Office. The company also announced a ten-launch deal with Synspective. RKLB stock lost 19% in the last 12 months but is trading higher by 1.67% premarket. Investors can gain exposure via SPDR S&P Aerospace & Defense ETF (NYSE:XAR) and iShares Russell 2000 ETF (NYSE:IWM).

Portfolio Pulse from Anusuya Lahiri

June 21, 2024 | 10:22 am