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AVGO

Broadcom Inc (NASDAQ:AVGO) shares surged after reporting strong Q2 results, with analysts from BofA Securities and Goldman Sachs raising their price targets. The company reported a 4% beat on quarterly sales, raised its full-year sales outlook by $1 billion, and announced a 10:1 stock split. Analysts highlighted Broadcom's strong position in AI and VMware upsell as key growth drivers.

Portfolio Pulse from Priya Nigam

June 13, 2024 | 5:22 pm

AAPL

AMD

AVGO

META

MSFT

NVDA

VTI

XLK

Microsoft is heavily investing in AI, partnering with OpenAI and diversifying its AI investments. CEO Satya Nadella has recruited Mustafa Suleyman to lead an in-house AI team, potentially competing with OpenAI. Microsoft remains a top contender in the race to a $4 trillion market cap, alongside Apple and Nvidia. The company's stock has gained over 32% in the last 12 months, and analysts maintain it as a top candidate for public cloud leadership by 2032.

Portfolio Pulse from Anusuya Lahiri

June 13, 2024 | 5:21 pm

CSCO

Recent options trading activity for Cisco Systems (NASDAQ:CSCO) shows a predominantly bearish sentiment among large investors, with 75% of trades being puts. This suggests potential downward pressure on the stock price. The trading volume and open interest indicate a focus on a price range between $42.5 and $55.0.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 5:16 pm

GOOGL

SNOW

Databricks has open-sourced its Unity Catalog platform, which may impact Snowflake Inc. (NYSE:SNOW) as it recently introduced its own open catalog implementation, Polaris Catalog. Snowflake is also facing scrutiny due to data violations and a threat campaign identified by Alphabet Inc.'s (NASDAQ:GOOG, NASDAQ:GOOGL) cybersecurity subsidiary, Mandiant. Snowflake stock is trading lower by 2.23% at $127.43.

Portfolio Pulse from Anusuya Lahiri

June 13, 2024 | 5:15 pm

LGVN

Longeveron Inc. (NASDAQ: LGVN) shares have surged over 200% this week, driven by a positive report from Zacks Small Cap Research, a new contract for its manufacturing facility, and progress in its Phase 2b clinical trial for Lomecel-B. Despite the recent gains, the stock has decreased by 89.55% over the past year.

Portfolio Pulse from Erica Kollmann

June 13, 2024 | 5:13 pm

BURU

Nuburu, Inc. (AMEX:BURU) shares are down 36% after announcing a 1-for-40 reverse stock split effective June 24. The company aims to settle additional debt by issuing more shares and plans to maintain NYSE listing standards.

Portfolio Pulse from Erica Kollmann

June 13, 2024 | 5:13 pm

TSN

Tyson Foods has suspended its CFO, John R. Tyson, following his arrest for driving while intoxicated. This incident follows a previous arrest in 2022 when he was found asleep in the wrong house. Tyson Foods' stock (TSN) saw a 1.05% decrease following the news.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:12 pm

EIS

SPY

USO

President Biden remains optimistic about a potential Middle East deal but does not foresee a ceasefire in the near future. This ongoing conflict could impact various sectors, including energy and defense.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:11 pm

APH

Evercore ISI Group analyst Amit Daryanani maintains an Outperform rating on Amphenol (NYSE:APH) and adjusts the price target to $75 to reflect a 2-for-1 stock split.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:09 pm

LGVN

Longeveron shares are trading higher following a positive report from Zacks Small Cap Research, which set a price valuation of $15.10 for the company.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:07 pm