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AMC

AMC Entertainment Holdings Inc (NYSE:AMC) held its annual shareholder meeting, where shareholders voted to elect three new directors to its board. The proposal to declassify the board failed. AMC shares rose by 7.94% amid renewed interest in meme stocks and an S&P Global Ratings upgrade from 'SD' to 'CCC+'.

Portfolio Pulse from Adam Eckert

June 05, 2024 | 7:03 pm

FLOKIUSD

FLOKI cryptocurrency has seen a 6.3% increase in the past 24 hours, reaching $0.00031. Over the past week, it has risen by over 16%, with trading volume climbing 109% and circulating supply slightly decreasing. FLOKI's market cap is now $2.98 billion, ranking it #46.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 7:02 pm

CROUSD

Cronos (CRO) has seen a 7.8% price increase in the past 24 hours, continuing a positive trend with a 1.0% gain over the past week. Trading volume has surged by 71.0%, while the circulating supply has decreased by 0.54%. The current market cap is $3.15 billion, ranking it #42.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 7:01 pm

ADBE

Adobe (NASDAQ:ADBE) has significantly outperformed the market over the past decade, delivering an average annual return of 21.18%. A $100 investment in Adobe 10 years ago would now be worth $683.13. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 7:00 pm

MEDP

Medpace Holdings (NASDAQ:MEDP) has significantly outperformed the market over the past 5 years, delivering an average annual return of 49.13%. A $100 investment in MEDP 5 years ago would be worth $733.57 today. The company's current market capitalization is $12.20 billion.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 7:00 pm

IBIT

MSTR

RIOT

BlackRock's iShares Bitcoin Trust (IBIT) ETF has surged 50% since its launch in January 2024, amassing $20 billion in AUM. Kerrisdale Capital is long on IBIT and short on Riot Platforms (RIOT). Technical indicators suggest continued bullish momentum for IBIT.

Portfolio Pulse from Surbhi Jain

June 05, 2024 | 6:58 pm

MSFT

RBLX

Mobile games captured $90.4 billion in 2023, accounting for 49% of the global games market. Despite a 2% decline in overall consumer spending, in-app revenue for game apps increased by 6%. Top apps for consumer spending included Microsoft's Candy Crush Saga and Roblox Corp.'s Roblox. Advertising expenditure is projected to grow significantly in the coming years.

Portfolio Pulse from Franca Quarneti

June 05, 2024 | 6:55 pm

VIR

Vir Biotechnology Inc (NASDAQ:VIR) announced promising preliminary data from its Phase 2 SOLSTICE hepatitis delta clinical trial, showing high virologic response rates and ALT normalization with tobevibart and elebsiran. The stock rose 18.1% following the news.

Portfolio Pulse from Vandana Singh

June 05, 2024 | 6:51 pm

IYT

ODFL

SUPL

Old Dominion Freight Line (ODFL) is set for strong growth amid favorable LTL trends, according to BMO Capital analyst Fadi Chamoun. Chamoun initiated coverage with an Outperform rating and a price target of $210, citing ODFL's consistent performance, favorable industry conditions, and exceptional execution. The analyst expects significant margin improvements and strong EPS growth in the coming years. Investors can also gain exposure through ETFs like IYT and SUPL.

Portfolio Pulse from Lekha Gupta

June 05, 2024 | 6:50 pm

STX

Seagate shares are trading higher amid broader tech strength.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 6:47 pm