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ADBE

AVGO

KFY

PLAY

SIG

Key stocks to watch on Thursday include Signet Jewelers, Broadcom, Adobe, Dave & Buster's, and Korn Ferry. Signet Jewelers is expected to report earnings, Broadcom posted strong results and announced a stock split, Adobe is set to release earnings, Dave & Buster's missed earnings estimates, and Korn Ferry is expected to report earnings.

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 7:21 am

ADBE

GOOG

GOOGL

KFY

ORCL

SIG

VRA

The S&P 500 topped 5,400 as the Federal Reserve held interest rates steady and inflation eased. Vera Bradley shares fell 17% due to weak guidance, while Oracle shares jumped 13% after strong earnings and a partnership with Google Cloud. Investors await earnings from Signet Jewelers, Adobe, and Korn Ferry.

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 7:07 am

IE

Ivanhoe Electric Inc. (NYSE:IE) has clarified that Saudi Arabia Mining Company (Ma'aden) has no current plans to sell its shares in Ivanhoe Electric, despite recent media speculations. The Registration Statement filed was a procedural obligation under the Investor Rights Agreements from Ma'aden's initial investment.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 7:05 am

SNPS

Synopsys' AI-driven digital and analog flows have achieved certification on Samsung's advanced SF2 GAA process, marking a significant milestone in semiconductor design automation.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 6:54 am

LOVE

Top Wall Street analysts have updated their expectations for The Lovesac Company (NASDAQ:LOVE) ahead of its Q1 earnings release. Analysts predict a quarterly loss of 96 cents per share and revenue of $128.07 million. Recent analyst ratings include Buy and Outperform, with price targets ranging from $30 to $36.

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 6:41 am

TSLA

Gary Black, Managing Partner at Future Fund, believes Tesla CEO Elon Musk's $56 billion pay package will be easily passed at the upcoming shareholder meeting. Black expects Tesla's stock to jump 3-5% in the short term following the vote. Despite opposition from proxy advisory firms and major investors like CalPERS, the majority of shareholders have voted in favor of the package.

Portfolio Pulse from Anan Ashraf

June 13, 2024 | 6:33 am

AAPL

META

NVDA

JJ Kinahan, Chief Market Strategist at IG North America, highlighted the bullish activity surrounding Meta Platforms Inc. (NASDAQ:META) over the past two weeks, with 72% of its activity being bullish. This comes amid speculation of a potential stock split and significant stock price surge driven by AI initiatives and shareholder value enhancements. However, concerns about financial sustainability remain.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 6:33 am

JILL

J.Jill has priced a public offering of 2 million common stock shares at $31 per share. The company and its largest stockholder, TowerBrook Capital Partners L.P., are each offering 1 million shares. The offering is expected to close on June 14, 2024, and J.Jill plans to use the proceeds for debt repayment and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 6:29 am

ARES

Ares Management has priced an offering of 2.65 million Class A common stock at $134.75 per share. The underwriters have an option to purchase an additional 397,500 shares. The offering is expected to close around June 14, 2024, subject to customary conditions.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 6:03 am

GME

GameStop Corp (NYSE:GME) has completed a $2.14 billion share sale, raising questions about the funding source from Keith Gill, also known as 'Roaring Kitty.' Ross Gerber, CEO of Gerber Kawasaki Wealth, expressed concerns about the transaction. Despite the controversy, some analysts, including Jim Cramer, see GameStop's strong cash position as a positive development. The stock closed at $25.46, down 16.50%, but rose to $26.00 in after-hours trading.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 5:45 am