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ALUR

Allurion Technologies, Inc. (NYSE:ALUR) shares surged 162.3% after the company announced a study showing significant weight loss and lean mass gain in patients using its Allurion Program. The study involved 571 patients and highlighted the benefits of real-time monitoring and personalized recommendations through Allurion's AI-powered platform.

Portfolio Pulse from Vaishali Prayag

June 20, 2024 | 7:25 pm

PLTR

Shares of Palantir Technologies Inc. (NYSE:PLTR) are trading lower after announcing a new contract with Starlab Space. The stock appears overbought and is approaching a resistance level, suggesting a potential price reversal.

Portfolio Pulse from Mark Putrino

June 20, 2024 | 7:09 pm

WDC

Western Digital shares are trading lower amid a pullback in tech stocks.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 7:06 pm

BLD

FND

IBP

SKY

TOL

Shares of homebuilders, construction companies, and housing-related stocks are trading lower after May housing starts and building permits came in below expectations.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 7:05 pm

LII

Lennox International (NYSE:LII) has significantly outperformed the market over the past decade, delivering an average annual return of 19.86%. A $1000 investment in LII 10 years ago would be worth $6,207.38 today. The company's current market capitalization is $19.61 billion.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 7:00 pm

WEX

WEX (NYSE:WEX) has significantly outperformed the market over the past 15 years, delivering an average annual return of 44.05%. A $100 investment in WEX 15 years ago would be worth $23,863.38 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 7:00 pm

PATK

Patrick Industries (NYSE:PATK) has seen a 12% increase in its short percent of float, now at 8.4%. This indicates a bearish sentiment among investors, as it would take traders 15 days to cover their short positions. The company's short interest is higher than its peers, whose average is 7.05%.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 7:00 pm

COST

Costco Wholesale Corp (NASDAQ:COST) has reached a 52-week high, trading at $870 per share. The stock has gained 71.22% over the past year and 31.81% year-to-date. Technical indicators suggest a strong bullish trend, with the stock trading above its 5-, 20-, and 50-day EMAs. Analysts have an average price target of $911.67, indicating further upside potential. However, the RSI of 74.87 suggests the stock is overbought, which could lead to short-term corrections.

Portfolio Pulse from Surbhi Jain

June 20, 2024 | 6:48 pm

AAPL

QCOM

Qualcomm Inc. (NASDAQ:QCOM) shares are trading lower after the company agreed to pay $75 million to settle a shareholder lawsuit accusing it of misleading investors about its patent licensing practices. The settlement still needs judicial approval.

Portfolio Pulse from Vaishali Prayag

June 20, 2024 | 6:41 pm

AMZN

Amazon shares are trading higher due to the general availability of Anthropic’s AI model Claude 3.5 Sonnet in Amazon Bedrock and the introduction of new technology features by Amazon Business. Amazon has invested $4 billion in Anthropic and aims to enhance business procurement efficiency with new tools.

Portfolio Pulse from Adam Eckert

June 20, 2024 | 6:41 pm