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Bitcoin climbs back over $67K despite $226M in ETF outflows. Riot Platforms increases its stake in Bitfarms to 14%. US stocks end a record-clinching week on a subdued note with GameStop sliding and Adobe soaring. Paul Krugman warns Trump's tax policies could lead to 133% tariffs and inflation surge.

Portfolio Pulse from Akanksha Bakshi

June 14, 2024 | 1:40 pm

TDIV

VOD

VWI

Vodafone Group (NASDAQ:VOD) plans to sell its $2.3 billion stake in India's Indus Towers to reduce debt. The sale will be conducted through block deals in Indian stock markets next week. Vodafone has enlisted banks like Bank of America, Morgan Stanley, and BNP Paribas for the transaction. Additionally, Vodafone U.K. and Three U.K. are forming a joint venture to consolidate their customer base.

Portfolio Pulse from Lekha Gupta

June 14, 2024 | 1:39 pm

BYDDY

GELYY

STLA

Stellantis NV (NYSE:STLA) shares are trading lower premarket on Friday due to new EU tariffs on electric vehicles. The company is considering relocating some Leapmotor model production from China to Europe to mitigate increased import costs. The EU has imposed additional tariffs on several automakers, including BYD Company and SAIC Motor Corp, following a probe into state subsidies. Stellantis confirmed its 2024 guidance of double-digit AOI margin and a capital return plan of at least 7.7 billion euros.

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 1:38 pm

HAS

Hasbro shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $70 to $80.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:36 pm

DDOG

Datadog shares are trading lower after Monness, Crespi, Hardt downgraded the stock from Neutral to Sell.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:34 pm

TWLO

Twilio shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered its price target from $70 to $60.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:33 pm

MRVL

Marvell Technology (NYSE:MRVL) has seen a 14.26% increase in its short percent of float, now at 5.37%. This indicates a rise in bearish sentiment compared to its peers, whose average short interest is 4.79%. It would take traders 2.93 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 1:30 pm

TSLA

Tesla has officially moved its incorporation to Texas following a vote by its investors. This move is part of Tesla's broader strategy to expand its operations and reduce costs.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:28 pm

BB

BlackBerry Limited (NYSE:BB) shares have declined over 10% in the past five days and 18% over the past month. The company is set to report its first-quarter financial results on June 26, with analysts expecting a loss of 4 cents per share and revenue of $134.052 million. BlackBerry will also host its Annual General and Special Meeting on June 25. The stock is trading below its 50-day moving average and near its 52-week low. Analysts have an average 12-month price target of $3 for the stock.

Portfolio Pulse from Erica Kollmann

June 14, 2024 | 1:27 pm

CLF

MT

NUE

X

Shares of steel stocks are trading lower after Nucor issued soft Q2 guidance.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 1:23 pm