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MDGL

Madrigal Pharmaceuticals shares are trading higher after Wolfe Research initiated coverage on the stock with an Outperform rating.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 6:53 pm

AMZN

EBAY

GOOGL

PDD

Chinese e-commerce platform Temu, a division of PDD Holdings Inc (NASDAQ:PDD), has surpassed eBay Inc. (NASDAQ:EBAY) in attracting repeat U.S. customers. A survey by Omnisend shows 34% of consumers shop on Temu monthly, compared to eBay's 29%. Temu's growth is driven by heavy marketing and promotional discounts, including Super Bowl ads. Despite challenges in product quality and delivery speeds, Temu's direct-from-factory sales model is gaining traction among price-conscious shoppers.

Portfolio Pulse from Shivani Kumaresan

June 11, 2024 | 6:48 pm

O

Realty Income's (NYSE:O) short interest has risen by 6.86%, with 14.17 million shares sold short, representing 1.87% of its float. This increase in short interest could indicate bearish sentiment among investors. However, compared to its peers, Realty Income has a lower short interest percentage.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 6:45 pm

AXP

EBAY

Citigroup analyst Keith Horowitz initiated coverage on American Express (AXP) with a Neutral rating and a $250 price target, citing limited near-term upside despite a positive long-term outlook. AXP shares are trading lower by 2.78% at $225.98. EBay (EBAY) plans to stop using American Express cards due to high fees.

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 6:45 pm

PH

Parker Hannifin's (NYSE:PH) short interest has risen by 17.46%, with 952,000 shares sold short, representing 0.74% of its float. This increase in short interest could indicate bearish sentiment among investors. However, compared to its peers, Parker Hannifin has a lower short interest percentage.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 6:45 pm

GOOG

GOOGL

PINS

TikTok is introducing image search capabilities in its TikTok Shop, positioning itself as a competitor to Google in the search market. This move could impact Google's dominance in search and also affect other companies in the visual search space.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 6:43 pm

MSFT

SONY

Activision, a subsidiary of Microsoft Corp. (NASDAQ:MSFT), has clarified that the upcoming Call of Duty: Black Ops 6 will not require a 300 GB download, contrary to earlier messaging. This news alleviates concerns for players using Sony Group Corp. (NYSE:SONY) PlayStation 5 and Xbox Series X | S consoles. The actual file size will be smaller, with more details to be provided closer to the game's launch.

Portfolio Pulse from Franca Quarneti

June 11, 2024 | 6:42 pm

GSIT

GSI Technology has been granted U.S. Patent #12008068 for in-memory matrix multiplication and its usage in neural networks. This patent could enhance the company's technological capabilities and market position in the AI and neural network sectors.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 6:37 pm

CCOEY

Resident Evil Village has sold over 10 million copies, making it the fastest-selling game in the series. The game's success is attributed to its engaging gameplay and popular characters. Capcom ADR's Resident Evil Village Gold Edition has also contributed to sustained sales. The franchise is expected to continue with more remakes and a new installment.

Portfolio Pulse from Franca Quarneti

June 11, 2024 | 6:37 pm

GME

Keith Gill, aka Roaring Kitty, has reignited interest in GameStop (NYSE:GME) with his large holdings and options set to expire soon. Gill's return to social media and his significant stake in GameStop have boosted the stock, but recent earnings and a new share offering have caused volatility. Gill faces a decision to either sell or exercise his options, both of which carry risks.

Portfolio Pulse from Chris Katje

June 11, 2024 | 6:32 pm