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SPY

TUR

Mehmet Şimşek, the Minister of Finance of Turkey, announced that Turkey has no plans to tax profits on stocks and cryptocurrencies. This decision could have implications for both local and international investors in Turkish markets.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:59 pm

BTCUSD

ETHUSD

The latest 10x Research report by Markus Thielen suggests that Bitcoin may not reach a new all-time high this month due to risks associated with Ethereum's market behavior. Despite positive macroeconomic indicators, Ethereum's declining fees and historical performance in June could drag Bitcoin down.

Portfolio Pulse from Murtuza Merchant

June 05, 2024 | 1:58 pm

ASML

INTC

SMH

SOXX

TSM

ASML Holding NV (NASDAQ:ASML) stock is trading higher due to plans to deliver its latest high-NA extreme ultraviolet chipmaking machines to Taiwan Semiconductor Manufacturing Co (NYSE:TSM) and Samsung Electronics Co in 2024. Intel Corp (NASDAQ:INTC) has already received its first shipment. Jefferies analysts predict strong orders for ASML, potentially boosting 2025 sales. ASML expects a robust recovery in demand in the second half of the fiscal year, despite the U.S. chip embargo impacting sales to China. ASML stock has gained 35% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

June 05, 2024 | 1:58 pm

NVVE

Nuvve Holding Corp. (NVVE) shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:55 pm

DVN

Devon Energy has appointed John Bethancourt as the new Independent Board Chair. This leadership change is expected to influence the company's strategic direction and governance.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:54 pm

MLGO

MicroAlgo shares experienced significant volatility, initially trading before being halted again due to a circuit breaker triggered by a sharp decline. The stock is now down by 32.6%.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:52 pm

GFL

GFL shares are trading higher following a report suggesting the company hired a financial advisor to review two buyout offers.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:51 pm

NVVE

Nuvve Holding shares were halted on a circuit breaker due to a sharp decline but have since surged by 150.8%.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:50 pm

GSISF

NSTCU

SSRM

UBS has raised its gold price forecast to $2,800 per ounce by 2025, driven by macroeconomic uncertainty, geopolitical risks, and increased gold allocations. UBS also predicts a surge in M&A activity in the gold mining sector and has upgraded price targets for Northern Star, Genesis Minerals, and SSR Mining. Additionally, UBS has raised its silver price forecast due to rising industrial demand and potential undersupply.

Portfolio Pulse from Stjepan Kalinic

June 05, 2024 | 1:49 pm

UNFI

United Natural Foods Inc (NYSE:UNFI) shares rose by 12.4% after reporting third-quarter FY24 earnings. Despite a slight sales decline, the company showed improved gross margins and beat EPS estimates. UNFI updated its FY24 adjusted EPS guidance and expects stable profit and cash flow growth.

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 1:49 pm