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EQNR

Equinor shares are trading lower amid reports indicating a Norway pipeline will be repaired by Friday, alleviating supply concerns.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:47 pm

ALBT

DCI

EQ

MLGO

NDRA

SOBR

WIMI

US stocks traded lower on Tuesday with the Dow Jones, NASDAQ, and S&P 500 all falling. Donaldson Company Inc (NYSE:DCI) reported better-than-expected earnings and raised its FY24 guidance. MicroAlgo Inc (NASDAQ:MLGO), Sobr Safe Inc (NASDAQ:SOBR), and WiMi Hologram Cloud Inc (NASDAQ:WIMI) saw significant stock price increases, while ENDRA Life Sciences Inc (NASDAQ:NDRA), Avalon Globocare Corp (NASDAQ:ALBT), and Equillium Inc (NASDAQ:EQ) experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 1:46 pm

MLGO

MicroAlgo shares were halted on a circuit breaker due to a significant upward movement, with the stock now up by 284.0%.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:40 pm

JDZG

JIADE shares were halted on a circuit breaker due to a significant drop, with the stock now down by 21.3%.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:36 pm

NDRA

ENDRA Life Sciences has announced the pricing of an $8 million public offering, which includes 61,538,461 shares of common stock and accompanying Series A and Series B warrants at a combined purchase price of $0.13.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:28 pm

BZUN

CRM

SHOP

EDA Holdings Ltd. has seen a significant rise in revenue due to strong demand for its logistics services for Chinese cross-border e-commerce merchants. The company's pre-sale stocking model could give it an advantage over rivals Temu and Shein, who are facing scrutiny in the U.S. EDA's recent IPO in Hong Kong saw an 80% jump on the first day, though the stock has since stabilized. The company is relatively small but shows strong growth potential and profitability.

Portfolio Pulse from The Bamboo Works

June 04, 2024 | 1:27 pm

DBI

Designer Brands Inc (NYSE:DBI) shares are plunging after reporting worse-than-expected Q1 earnings. Despite a slight sales growth and improved gross profit margin, the company missed EPS estimates and saw a significant drop in operating income. The stock is down 15.8% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 1:27 pm

PHUN

Phunware shares are trading lower after the company announced a $120 million offering.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:26 pm

GME

GameStop Corp (NYSE:GME) shares are trading lower on Tuesday after a significant rally on Monday. The surge was driven by Keith Gill, also known as 'Roaring Kitty,' who posted a $116 million position update on Reddit. Gill's actions have led to discussions at E-Trade about potential market manipulation. GameStop is also set to report its first-quarter financial results on June 11, with expectations of a loss of 9 cents per share and revenue of $1.05 billion.

Portfolio Pulse from Adam Eckert

June 04, 2024 | 1:26 pm

SFIX

Stitch Fix Inc (NASDAQ:SFIX) is set to report its Q3 earnings on Tuesday, with Wall Street expecting -23 cents in EPS and $306.12 million in revenues. The stock has shown bullish technical indicators, being above its 5, 20, and 50-day exponential moving averages, and the 8-day simple moving average. However, it remains below the 200-day simple moving average. The MACD is positive, and the RSI is at 61, nearing overbought levels. Analysts have a mixed outlook with a consensus price target of $4.57, indicating potential upside.

Portfolio Pulse from Surbhi Jain

June 04, 2024 | 1:25 pm