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SIG

Signet Jewelers Ltd (NYSE:SIG) reported mixed Q1 FY25 results with a 9.5% decline in sales, missing analyst estimates. Despite a beat on adjusted EPS, shares are trading lower. The company remains optimistic about future performance.

Portfolio Pulse from Shivani Kumaresan

June 13, 2024 | 12:53 pm

USAU

U.S. Gold Corp. announced that its subsidiary, Gold King, has been issued the Wyoming Pollutant Discharge Elimination System Permit. This permit is a significant regulatory milestone for the company.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:50 pm

STSS

Sharps Technology shares are trading higher after the company announced a $30 million purchase order from Nephron Pharmaceuticals for prefillable copolymer syringes.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:49 pm

TSLA

Wedbush analyst Daniel Ives has maintained an Outperform rating and a $275 price target for Tesla (NASDAQ:TSLA), following shareholder approval of Elon Musk's compensation package and the company's incorporation in Texas. This approval is seen as removing a $20-$30 overhang on the stock. Ives expects Musk to address AI initiatives, sub-$30K electric vehicles, and the upcoming robotaxi event at the shareholder meeting. Tesla shares climbed 6.38% to $188.60 in premarket trading.

Portfolio Pulse from Shanthi Rexaline

June 13, 2024 | 12:48 pm

BYDDY

TSLA

BYD Co., Ltd. (OTC:BYDDY) maintained its dominance in China's new energy vehicle (NEV) market in May with a 33.4% market share, while Tesla, Inc. (NASDAQ:TSLA) made significant gains, securing third place with a 6.9% market share. Tesla's retail sales in China increased by 29.9% year-on-year.

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2024 | 12:47 pm

WKHS

Workhorse shares are trading lower after the company announced a 1-for-20 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:45 pm

WKHS

Workhorse Group Inc. (NASDAQ:WKHS) announced a 1-for-20 reverse stock split, effective June 17, 2024. The stock will continue trading under the symbol 'WKHS' on a reverse split-adjusted basis.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:45 pm

BURU

NUBURU shares are trading lower after the company announced a 1-for-40 reverse stock split, effective June 24.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:45 pm

AAPL

AGQI

AMD

CARZ

NVDA

QCOM

TSM

Apple, Nvidia, Qualcomm, and AMD have nearly fully booked TSMC's 3nm chip production until 2026 due to soaring AI demand. TSMC plans to increase 3nm wafer production and expand its geographical presence. TSMC stock is trading higher, and investors can gain exposure via ETFs AGQI and CARZ.

Portfolio Pulse from Anusuya Lahiri

June 13, 2024 | 12:44 pm

BURU

Nuburu shares are trading lower after the company announced a 1-for-40 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 12:44 pm