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Cathie Wood's ARK Invest report highlights the transformative potential of AI in consumer behavior, advertising, and wearable tech. The report suggests that AI could significantly save consumer time, drive $9 trillion in global private consumption by 2030, and revolutionize advertising. It also discusses the potential for both established tech giants and new entrants to dominate the AI space.

Portfolio Pulse from Hayden Buckfire

June 11, 2024 | 6:20 pm

BIIB

LLY

Eli Lilly's Alzheimer's treatment, donanemab, received a favorable verdict from an FDA advisory committee, boosting its stock potential. BofA analyst Geoff Meacham reiterated a Buy rating with a $1,000 price target for Eli Lilly (LLY). The verdict supports regulatory approval for donanemab, which is expected to have a label similar to Biogen's (BIIB) Leqembi. However, challenges in commercial implementation and potential risks from competing products and drug pricing system restructuring remain.

Portfolio Pulse from Nabaparna Bhattacharya

June 11, 2024 | 6:19 pm

IREN

Iris Energy Limited (NASDAQ:IREN) shares are trading higher after Cantor Fitzgerald analyst Brett Knoblauch assumed coverage with an Overweight rating and increased the price target from $10 to $23. The analyst cited significant growth potential in hash rate capacity and AI/HPC revenue opportunities. Despite Bitcoin's decline, Iris Energy shares are up 15.8% on above-average trading volume.

Portfolio Pulse from Erica Kollmann

June 11, 2024 | 6:18 pm

BKNG

Financial giants have shown a bearish sentiment towards Booking Holdings (NASDAQ:BKNG) through options trading. Analysis reveals 50% bearish and 32% bullish trades, with significant activity in puts and calls. The stock is currently trading at $3788.35, down by -0.01%, with an average analyst price target of $4342.0.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 6:17 pm

HUBS

The article highlights a surge in options activity for HubSpot (NYSE:HUBS), with a noticeable bullish stance from major investors. 62% of the trades were bullish, focusing on a price range between $300 and $640. The stock is currently priced at $593.54, down 0.4%, with an RSI indicating it may be approaching overbought levels. Analysts have set an average price target of $750, with Wells Fargo maintaining an Overweight rating.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 6:17 pm

AAPL

ASTS

GSAT

IWM

IWO

AST SpaceMobile (NASDAQ:ASTS) stock is soaring due to a filing for the resale of up to 10.45 million shares and positive sentiment from Apple's (NASDAQ:AAPL) iOS 18 launch with satellite messaging. Verizon (NYSE:VZ) and AT&T (NYSE:T) are collaborating with AST SpaceMobile for a 2024 broadband network. Globalstar (NYSE:GSAT) also saw gains, benefiting from its 2022 partnership with Apple. Investors can gain exposure to AST SpaceMobile via iShares Russell 2000 ETF (NYSE:IWM) and iShares Russell 2000 Growth ETF (NYSE:IWO).

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 6:15 pm

CXW

CoreCivic, Inc. (NYSE:CXW) shares are down 20.7% after the company announced that the U.S. Immigration and Customs Enforcement Agency (ICE) will terminate its services at the South Texas Family Residential Center, effective around August 9. This termination is expected to decrease CoreCivic's fiscal year EPS by 38 to 41 cents, leading the company to halt its financial guidance for fiscal year 2024.

Portfolio Pulse from Dylan Berman

June 11, 2024 | 6:14 pm

NIO

XPEV

Shares of Chinese EV stocks, including LI, NIO, and XPEV, are trading lower due to reports that the EU is expected to unveil tariffs this week.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 6:09 pm

AAPL

ASTS

GSAT

Globalstar, Inc (NYSE:GSAT) stock is trading higher as Apple Inc (NASDAQ:AAPL) showcased iOS 18 with satellite messaging during its annual developer event. This feature allows iPhone 14 and later users to send messages via satellite when cellular connections are unavailable. Globalstar reported quarterly sales of $56.48 million, beating analyst estimates.

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 6:08 pm

DOGEUSD

FLOKIUSD

PEPEUSD

SHIBUSD

Meme coins like Dogecoin, Shiba Inu, and others are struggling due to a lack of innovation and reliance on outdated strategies. Experts suggest new mechanics are needed for long-term success.

Portfolio Pulse from Murtuza Merchant

June 11, 2024 | 6:05 pm