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MARA

RIOT

Marathon Digital Holdings (NASDAQ:MARA) reported a decrease in Bitcoin production for May, producing 616 bitcoins compared to 850 in April and 1,245 in May 2023. The company increased its holdings to 17,857 bitcoins and expanded its mining fleet. Additionally, Kerrisdale Capital issued a short report on Riot Platforms (NASDAQ:RIOT), criticizing the crypto-mining industry, which may have contributed to a decline in Marathon's stock price.

Portfolio Pulse from Erica Kollmann

June 10, 2024 | 2:44 pm

SPY

TLT

The Federal Reserve is expected to maintain the federal funds rate at 5.25%-5.5% in June, with fewer rate cuts anticipated in the future. The market will focus on the Fed's updated economic projections. Recent economic data, including a strong May jobs report, has led to revised expectations for rate cuts. Analysts from Bank of America and Goldman Sachs have adjusted their forecasts, predicting fewer cuts in 2024 and 2025.

Portfolio Pulse from Piero Cingari

June 10, 2024 | 2:43 pm

TSLA

CalSTRS, the California State Teachers' Retirement System, has decided to vote against Elon Musk's pay package. This decision could influence other shareholders and impact Tesla's stock price.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 2:41 pm

TMHC

Taylor Morrison Home (NYSE:TMHC) has outperformed the market over the past 5 years, delivering an average annual return of 22.04%. A $1000 investment in TMHC 5 years ago would be worth $2,722.63 today. The company currently has a market capitalization of $5.86 billion.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 2:31 pm

ABBV

AbbVie (NYSE:ABBV) has outperformed the market over the past 10 years, delivering an average annual return of 12.01%. A $1000 investment in ABBV 10 years ago would be worth $3,124.63 today. The article highlights the impact of compounded returns on long-term investments.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 2:31 pm

DIS

Deep-pocketed investors are showing a bullish approach towards Walt Disney (NYSE:DIS) with significant options activity detected. The options scanner highlighted 10 extraordinary options activities, with a majority leaning bullish. The trading volumes and open interest suggest a price band between $90.0 and $130.0 for DIS. Analysts have given mixed ratings, with an average price target of $103.5.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 2:30 pm

LULU

Deep-pocketed investors have adopted a bearish approach towards Lululemon Athletica (NASDAQ:LULU), as revealed by Benzinga's options scanner. The majority of the options activity is bearish, with significant put options being traded. Analysts, however, maintain a positive outlook with high price targets.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 2:30 pm

CMG

Investors with significant capital have taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), as observed through 15 uncommon options trades. The overall sentiment is split, with 26% bullish and 33% bearish. The major market movers are focusing on a price band between $2180.0 and $3400.0 for CMG. The current price of CMG is $3147.26, down 0.69%. Analysts have mixed ratings, with target prices ranging from $3000 to $3520.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 2:30 pm

COST

FSTA

GM

XLP

Costco Wholesale Corporation (NASDAQ:COST) shares are trading flat today despite reporting strong sales growth for May and the first 39 weeks of FY24. The company also beat Q3 FY24 revenue and EPS estimates. Additionally, General Motors (NYSE:GM) is leveraging the Costco Auto Program for its EVs. Investors can gain exposure to Costco via SPDR Select Sector Fund – Consumer Staples (NYSE:XLP) and Fidelity MSCI Consumer Staples Index ETF (NYSE:FSTA).

Portfolio Pulse from Lekha Gupta

June 10, 2024 | 2:28 pm

WLDS

Wearable Devices shares are trading higher following the announcement of their integration with Qualcomm Snapdragon spaces.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 2:28 pm