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GE

Boeing's search for a new CEO has encountered difficulties as GE's CEO Larry Culp has declined an approach to take over the role. This development adds uncertainty to Boeing's leadership transition.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 6:28 pm

AAL

American Airlines Group Inc. (NASDAQ: AAL) is facing significant bearish signals, both fundamentally and technically. The stock has plummeted 32.22% over the past year and 18.16% year-to-date. The departure of Chief Commercial Officer Vasu Raja, a downward revision of second-quarter earnings, and a bearish Death Cross signal indicate potential for more downside ahead.

Portfolio Pulse from Surbhi Jain

June 17, 2024 | 6:24 pm

AAPL

AFRM

PYPL

SQ

Apple has announced the discontinuation of its 'buy now, pay later' service, Apple Pay Later, effective immediately. Existing users can still manage their loans via the Wallet app.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 6:21 pm

GLW

Corning shares are trading higher after Fox Advisors upgraded the stock from Equal-Weight to Overweight.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 6:18 pm

STLD

Steel Dynamics shares are trading higher after initially falling due to the company's Q2 guidance.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 6:18 pm

NEE

Financial giants have shown a bullish interest in NextEra Energy (NYSE:NEE) through options trading, with a balanced sentiment of 50% bullish and 50% bearish. The trading activity suggests a price range of $65.0 to $75.0 for NEE. Analysts have mixed ratings, with target prices ranging from $71 to $95.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 6:16 pm

AFCG

CRLBF

CURLF

GTBIF

IIPR

SSIC

TCNNF

VRNOF

The article compares the YTD stock performance of two baskets of cannabis-related stocks: top five MSOs and top five cannabis lenders. The lender group outperformed the MSO basket and the MSOS ETF. The article suggests diversification in cannabis investments, highlighting the stability of lenders and the potential upside of MSOs.

Portfolio Pulse from Viridian Capital Advisors

June 17, 2024 | 6:13 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher after Argus Research initiated coverage with a Buy rating and a $29 price target. The analyst highlighted growth in both commercial and government segments, with a five-year average earnings growth rate forecast of 19%. The stock is trading above its 50-day moving average and is approaching its 52-week high.

Portfolio Pulse from Erica Kollmann

June 17, 2024 | 6:09 pm

AAPL

AMD

NVDA

TSM

TSMC is rumored to increase prices for its 3-nanometer semiconductor products by 5% and advanced packaging by up to 20% due to high demand. This move is expected to impact major customers like Apple, NVIDIA, and AMD, who rely heavily on TSMC's advanced packaging for their AI GPUs and accelerators.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 6:02 pm

REX

Analysts have provided mixed ratings for REX American Resources (NYSE:REX) over the past three months, with a majority being bullish. The average 12-month price target has increased to $64.5, reflecting a 2.79% rise from the previous target. Despite a recent revenue decline, the company shows strong profitability and efficient financial management.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 6:01 pm