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U.S. stock futures indicate a weak start on Tuesday following Monday's record close. Investors are cautious ahead of the Federal Reserve meeting and May inflation reports. Oracle's earnings are in focus due to its AI exposure. Yext fell 17.5% in premarket trading after quarterly results, while Kyndryl Holdings dropped over 3% on news of a joint bid for DXC Technology with Apollo Global Management. SPDR S&P 500 ETF Trust and Invesco QQQ ETF also saw slight declines in premarket trading.

Portfolio Pulse from Shanthi Rexaline

June 11, 2024 | 11:26 am

ZK

Chinese EV maker ZEEKR (NYSE:ZK) reported a significant increase in Q1 2024 vehicle deliveries and revenue, outperforming analyst expectations. The company saw a 117% Y/Y increase in vehicle deliveries and a 71% Y/Y increase in revenue, beating the consensus estimate. Despite an adjusted EPS loss, it was much better than expected. The vehicle margin and gross margin also improved significantly.

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 11:23 am

FTXL

NVDA

SSG

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) has outperformed China's Semiconductor Manufacturing International Corp (SMIC) this year, highlighting China's challenges in advancing its domestic chip industry. Despite China's investment in semiconductor technology, TSMC's advanced capabilities and U.S. export controls have given it a significant edge. TSMC's sales grew by 30% in May, driven by AI demand, and its stock has gained over 57% in the last 12 months. Investors can gain exposure to the semiconductor sector via ETFs like FTXL and SSG.

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 11:20 am

AAPL

Apple Inc. (NASDAQ:AAPL) has introduced a suite of AI-powered features called Apple Intelligence, which includes enhancements like supercharged Siri, text rewriting, Genmoji, image generation, and photo editing. However, these features require the A17 Pro chip, limiting their availability to iPhone 15 Pro and iPhone 15 Pro Max models.

Portfolio Pulse from Rounak Jain

June 11, 2024 | 11:19 am

CVGW

Calavo Growers shares are trading higher after the company reported Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:15 am

GM

GM shares are trading higher after the company's Board approved a new $6 billion share repurchase authorization.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:14 am

ATAT

Atour Lifestyle shares are trading lower following the announcement of a proposed offering of 10 million ADSs by entities affiliated with Legend Capital.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:13 am

ZK

ZEEKR Intelligent Tech shares are trading higher after the company reported better-than-expected Q1 EPS and sales.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:12 am

GM

General Motors (GM) has announced that its board has approved a new $6 billion share repurchase authorization. This move is likely to positively impact GM's stock price in the short term as it signals confidence in the company's financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:11 am

RCAT

Red Cat shares are trading higher following the announcement of a Letter of Intent to acquire FlightWave Aerospace Systems.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:08 am