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ADDYY

LULU

NKE

Lululemon Athletica Inc. (NASDAQ:LULU) surpassed Wall Street’s earnings and revenue estimates for its first fiscal quarter but issued a weak second quarter outlook due to a slowdown in the Americas. Despite this, Lululemon's stock jumped 10% in extended trading. The company faces challenges with inventory and growth in its largest market but expects improvements in the second half of the year. Nike (NYSE: NKE) and Adidas AG (OTC: ADDYY) are also mentioned as competitors facing their own challenges.

Portfolio Pulse from Upwallstreet

June 06, 2024 | 1:54 pm

SGMT

Sagimet Biosciences Inc (NASDAQ:SGMT) presented promising data from its FASCINATE-2 Phase 2b clinical trial of denifanstat for MASH patients at the EASL Congress. The trial showed significant improvements in primary and secondary endpoints compared to placebo, with no serious adverse events reported.

Portfolio Pulse from Vandana Singh

June 06, 2024 | 1:52 pm

EADSY

Airbus (OTC:EADSY) has unveiled a new drone concept called Wingman at the ILA Berlin Air Show. The drone is designed to support manned fighter jets in high-risk missions and can perform tasks such as reconnaissance, jamming, and engaging targets. Airbus is partnering with AI defense company Helsing to develop AI technologies for the Wingman. This move comes as Airbus faces supply chain challenges and aims to diversify its portfolio.

Portfolio Pulse from Benzinga Neuro

June 06, 2024 | 1:51 pm

ASNS

FRGT

JWEL

LPA

MITQ

VRAX

U.S. stocks traded mostly higher with the Dow Jones gaining around 100 points. Initial jobless claims rose by 8,000 to 229,000. Virax Biolabs, Latam Logistic Properties, and Freight Technologies saw significant stock price increases, while Actelis Networks, Jowell Global, and Moving iMage Technologies experienced declines.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 1:48 pm

RYDE

Ryde Group shares have been halted on a circuit breaker due to a significant drop in stock price, now down by 36%.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:48 pm

RYDE

Ryde Group shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:47 pm

TJX

TJX Companies (NYSE:TJX) has seen a 33.73% increase in its short percent of float, now at 1.11% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, TJX's short interest is still lower than its peer group average of 17.99%.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 1:45 pm

CIEN

Ciena Corp (NYSE:CIEN) reported stronger-than-expected Q2 2024 results with revenue of $910.80 million and an adjusted EPS of $0.27, both beating analyst estimates. Despite a 19.6% revenue decline year-on-year, the company saw a 5.62% increase in share price. CEO Gary Smith highlighted robust growth in bandwidth demand.

Portfolio Pulse from Anusuya Lahiri

June 06, 2024 | 1:45 pm

CRM

FDN

IGV

Salesforce Inc. (NYSE:CRM) shares are rising after announcing London as the location for its first AI center. The company aims to foster AI innovation and skill development. Salesforce is hosting 18,000 attendees at its annual London World Tour event. The company previously announced a $4 billion investment in Britain over five years. Analysts at Goldman Sachs see Salesforce as an 'under-appreciated generative AI winner' with room for margin expansion.

Portfolio Pulse from Shivani Kumaresan

June 06, 2024 | 1:43 pm

RYDE

Ryde Group shares were halted on a circuit breaker due to a significant drop, with the stock now down by 27.2%.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 1:42 pm