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Former President Donald Trump proposed eliminating income taxes in favor of an 'all tariff policy' to CEOs and GOP lawmakers. This policy could significantly impact sectors reliant on imports, such as consumer discretionary and technology, while potentially benefiting domestic manufacturing and international manufacturers outside of China.

Portfolio Pulse from Hayden Buckfire

June 13, 2024 | 6:07 pm

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Signet Jewelers Limited (NYSE:SIG) shares fell over 12% due to mixed first-quarter earnings, including a significant drop in same-store sales. The company reported a 9.5% year-on-year sales decline, missing analyst estimates, but beat EPS expectations. Other stocks mentioned include BioRestorative Therapies, Zapp Electric Vehicles, Sharps Technology, and Broadcom, among others, with various gains and losses based on recent announcements and earnings reports.

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 6:07 pm

HMC

Shares of Toyota and Honda are trading lower following a recent safety scandal impacting major Japanese automakers.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 6:07 pm

SBUX

XLY

The U.S. Supreme Court has ruled in favor of Starbucks Corp (NASDAQ:SBUX) in a case involving the reinstatement of seven Memphis workers who were dismissed amid unionization efforts. This decision may set a tougher precedent for future labor disputes. Starbucks shares are trading higher following the news.

Portfolio Pulse from Shivani Kumaresan

June 13, 2024 | 6:04 pm

HPE

High-rolling investors are showing significant bullish activity in Hewlett Packard (NYSE:HPE) options, with 66% of the trades being bullish. The options activity suggests a targeted price range of $17.0 to $25.0. Analysts have mixed ratings, with an average target price of $22.4.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 6:02 pm

CASY

Casey's General Stores (NASDAQ:CASY) has significantly outperformed the market over the past 20 years, delivering an average annual return of 16.75%. A $1000 investment in CASY 20 years ago would be worth $21,909.73 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 6:01 pm

APP

AppLovin (NASDAQ:APP) has been analyzed by 15 analysts in the last three months, showing a range of perspectives from bullish to bearish. The average 12-month price target is $92.13, with a high of $105.00 and a low of $70.00. Recent analyst actions include multiple rating raises and increased price targets, reflecting positive sentiment. AppLovin has shown strong financial performance with notable revenue growth, net margin, ROE, and ROA, but has a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 6:01 pm

SPOT

Spotify shares are trading lower following a report suggesting music publishers filed an FTC complaint against the company for fraudulent business practices.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:53 pm

TSLA

Nancy Tengler, CIO of Laffer Tengler Investments, has expressed support for Elon Musk's pay package. This endorsement could influence investor sentiment towards Tesla (TSLA).

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:51 pm

GME

An option alert for GameStop (GME) indicates a sweep of 48 call options for the June 28 expiration at a strike price of $128, with a price of $0.92 per option. This is notable given the current reference price of $27.305 and the open interest of 15,128 contracts.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:49 pm