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JACK

JILL

PLAY

RARE

SPCE

ZKH

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) reported disappointing Q1 results, leading to a 10.6% drop in pre-market trading. Other stocks experiencing losses include J.Jill, Inc. (NYSE:JILL), Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE), Virgin Galactic Holdings, Inc. (NYSE:SPCE), ZKH Group Limited (NYSE:ZKH), Jack in the Box Inc (NASDAQ:JACK), and Toyota Motor Corporation (NYSE:TM).

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 9:51 am

GME

GameStop Corp. (NYSE:GME) experienced significant volatility with a surge in call options trading, potentially driven by Keith Gill, aka 'Roaring Kitty.' Equity-derivatives strategist David Boole analyzed the activity, suggesting Gill might have sold a large portion of his position, impacting the stock. GameStop has also been raising capital through share offerings, and Citron Research has ceased its short position on the stock.

Portfolio Pulse from Shanthi Rexaline

June 13, 2024 | 9:40 am

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BYDDY

NIO

TSLA

XPEV

The European Union has introduced new tariffs on Chinese electric vehicles, impacting companies like BYD, Nio, Li Auto, and XPeng. Despite the tariffs, BYD is expected to remain competitive due to its cost advantages. The tariffs could accelerate localization plans for Chinese EV makers in the EU and have broader implications for the global automotive industry.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 9:31 am

AAPL

Apple Inc. (NASDAQ:AAPL) CEO Tim Cook discussed the company's focus on empowering users with new AI features, rather than increasing device usage. At WWDC 2024, Apple unveiled 'Apple Intelligence' and announced a partnership with OpenAI to integrate ChatGPT into its operating systems.

Portfolio Pulse from Ananya Gairola

June 13, 2024 | 8:13 am

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

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