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SPY

Federal Reserve Chair Jerome Powell is scheduled to give his semi-annual monetary policy testimony before the Senate Banking Committee on July 9. This event is closely watched by investors for insights into future monetary policy actions.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:39 pm

CRBP

Dr. Yong Ben, a board member of Corbus Pharmaceuticals (NASDAQ: CRBP), has adopted a Rule 10b5-1 trading plan to sell up to 10,607 shares of the company's stock. This plan, effective from September 12, 2024, to September 11, 2025, aims to avoid insider trading accusations. Corbus focuses on developing therapies for inflammatory and fibrotic diseases, with its lead product candidate, lenabasum, currently in clinical trials.

Portfolio Pulse from Javier Hasse

June 17, 2024 | 5:37 pm

AMZN

Amazon's autonomous vehicle subsidiary, Zoox, is set to launch its robotaxi service for public riders in Las Vegas. The Zoox robotaxi, designed without a steering wheel or traditional driving controls, aims to revolutionize urban transportation by reducing the number of cars on the road and solving parking issues. The vehicle offers various amenities such as wireless charging, adjustable climate controls, and a custom airbag system for safety.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:36 pm

ASTS

BIDU

CHTR

DIS

DJT

GOOG

GOOGL

META

NFLX

PARA

Today's session saw significant options activity involving several major stocks, with a predominance of bearish sentiment. Notable trades include call option sweeps for META, GOOG, NFLX, ASTS, GOOGL, PARA, and DJT, and put option sweeps for DIS, CHTR, and BIDU. This activity could indicate potential short-term price movements for these stocks.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 5:35 pm

AMZN

BBY

BURL

CMG

CVNA

GME

HD

JD

LESL

SBUX

The article highlights unusual options activity for 10 consumer discretionary stocks, providing insights into potential trading opportunities. The stocks mentioned include GME, AMZN, LESL, BURL, SBUX, JD, CVNA, CMG, BBY, and HD, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 5:35 pm

AVGO

CSCO

MRVL

NVDA

Broadcom Inc. (NASDAQ:AVGO) shares surged following its second-quarter financial results, robust revenue guidance, and the announcement of a 10-for-1 forward stock split. The company exceeded earnings and revenue expectations, and its advancements in AI networking technology further solidify its market leadership.

Portfolio Pulse from Vaishali Prayag

June 17, 2024 | 5:33 pm

BRTX

BioRestorative Therapies, Inc. (NASDAQ:BRTX) shares are trading higher after the company announced it has regained compliance with Nasdaq listing requirements. The company reported a net loss of $2.2 million for Q1, a significant improvement from the $7.2 million loss in the same period last year. The stock is experiencing heavy trading volume.

Portfolio Pulse from Erica Kollmann

June 17, 2024 | 5:31 pm

LRCX

Lam Research shares are trading higher after Wells Fargo maintained an Equal-Weight rating on the stock and raised its price target from $980 to $1100.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:30 pm

BAH

Booz Allen Hamilton (NYSE:BAH) has outperformed the market over the past 5 years, delivering an average annual return of 18.09%. A $100 investment in BAH 5 years ago would be worth $230.42 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 5:30 pm

AME

AMETEK (NYSE:AME) has outperformed the market over the past 10 years, delivering an average annual return of 12.18%. A $1000 investment in AME 10 years ago would be worth $3,127.89 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 5:30 pm