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CIEN

Morgan Stanley analyst Meta Marshall upgraded Ciena Corp (NYSE:CIEN) from Equal-Weight to Overweight and raised the price target from $53 to $55, citing cloud demand and WaveLogic 6 ramp as key growth drivers for fiscal 2025.

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 5:29 pm

AAPL

IWM

KRE

TLT

TSLA

XHB

A lower-than-expected inflation report for May has driven Wall Street to record highs, with significant gains in tech, real estate, and small caps ahead of the Federal Reserve meeting. The Nasdaq 100, S&P 500, and iShares Russell 2000 ETF (IWM) saw notable increases. Treasury yields fell, boosting the iShares 20+ Year Treasury Bond ETF (TLT). Sector-specific ETFs like SPDR S&P Homebuilders ETF (XHB) and SPDR S&P Regional Banking ETF (KRE) also surged. Key stock movers included Apple (AAPL), Tesla (TSLA), and several real estate and regional bank stocks.

Portfolio Pulse from Piero Cingari

June 12, 2024 | 5:26 pm

BMR

DDC

STRM

Streamline Health Solutions (NASDAQ:STRM) shares fell 23.3% after reporting worse-than-expected Q1 EPS results. Other notable stock movements include DDC Enterprise (NYSE:DDC) surging 101% after acquiring Omsom, and Beamr Imaging (NASDAQ:BMR) gaining 39.3% following the announcement of its Beamr Cloud solution's availability in the Oracle Cloud Marketplace.

Portfolio Pulse from Avi Kapoor

June 12, 2024 | 5:25 pm

CIEN

Ciena shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $53 to $55.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:22 pm

XOM

Exxon Mobil (NYSE:XOM) has seen significant bullish options trading activity, with 63% of traders showing bullish sentiment. The trading activity suggests a price range of $70.0 to $122.0 over the next three months. Analysts have mixed ratings, with price targets ranging from $124 to $145.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 5:17 pm

Zillow Group, Inc. (NASDAQ:Z) shares surged 13.8% on Wednesday following an SEC filing revealing that director Jay Hoag purchased approximately 2.34 million shares at an average price of $43.76 each, totaling around $99.97 million.

Portfolio Pulse from Dylan Berman

June 12, 2024 | 5:17 pm

SPY

VGK

The Moscow Exchange (MOEX) will halt trading in the U.S. dollar and euro starting June 13, following new U.S. financial sanctions against Russia. The sanctions also target the National Clearing Center and the National Settlement Depository. Russia's Central Bank will continue USD and euro transactions on the OTC market. The SPB Exchange, already sanctioned in November 2023, specializes in trading foreign shares, making trading American and European securities difficult in Russia.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:16 pm

WKHS

Workhorse Group (NASDAQ:WKHS) shares are trading higher following the announcement of a strategic collaboration with Kinsburg Truck Sales. The partnership involves Kinsburg purchasing 141 units of Workhorse's W4 CC Class 4 battery-electric cab chassis trucks, with delivery expected this year. The deal is contingent on receiving California's HVIP vouchers, which could provide up to $60,000 in incentives per truck. Additionally, Workhorse has completed the divestiture of its Aero business.

Portfolio Pulse from Dylan Berman

June 12, 2024 | 5:16 pm

GOOG

GOOGL

ORCL

Oracle Corp (NYSE:ORCL) shares rose after reporting quarterly results, despite missing revenue expectations. Analysts highlighted strong RPO growth and significant AI contract signings as key positives.

Portfolio Pulse from Priya Nigam

June 12, 2024 | 5:11 pm

GME

GameStop has seen a significant option alert with a sweep of 10 call options for June 28 at a strike price of $128, near the ask price. The transaction involved 967 contracts at $1.22 each, compared to an open interest of 15,055. The reference stock price at the time was $30.5459.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:08 pm