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TSLA

Tesla Inc. (NASDAQ:TSLA) faces potential voting issues for its global shareholders ahead of a crucial vote on CEO Elon Musk's $56 billion pay package and the proposal to reincorporate the company in Texas. Cross-border voting challenges may prevent many international shareholders from participating, potentially impacting the outcome.

Portfolio Pulse from Benzinga Neuro

June 03, 2024 | 1:00 pm

CPRX

Catalyst Pharmaceuticals (NASDAQ:CPRX) has received diverse analyst ratings over the past three months, with a mix of bullish and somewhat bullish sentiments. Analysts have set a 12-month average price target of $28.43, with a high of $34.00 and a low of $23.00. The company's financial metrics show strong net margins, ROE, and ROA, but its revenue growth lags behind industry peers.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 1:00 pm

IONS

Ionis Pharmaceuticals (NASDAQ: IONS) has received mixed analyst ratings over the past three months, with 3 bullish and 3 somewhat bullish ratings. The average 12-month price target has decreased by 3.3% to $68.17. Analysts have maintained, raised, or lowered their ratings based on recent developments. Ionis faces revenue challenges with a decline of -8.45% over the past three months, and its financial metrics such as ROE, ROA, and debt-to-equity ratio indicate potential financial difficulties.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 1:00 pm

ALT

Altimmune (NYSE:ALT) has seen a 3.37% increase in its short percent of float, now at 32.78%. This indicates a bearish sentiment among investors, as it would take traders 7.58 days to cover their short positions. Altimmune's short interest is significantly higher than its peers, whose average is 12.88%.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 1:00 pm

ALIT

Alight (NYSE:ALIT) has seen a 6.37% increase in its short percent of float, now at 4.01% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, Alight's short interest is still below the peer group average of 5.08%.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 1:00 pm

AMD

BTCUSD

GME

MSFT

NVDA

The article covers various financial news, including Bitcoin surpassing $69K with potential to rise to $74,400, 'Roaring Kitty' disclosing a significant GameStop stake, and notable movements in meme stocks like GameStop and AMC. Additionally, it mentions Nvidia's stock surge, AMD's new AI chips, and Microsoft's investment in AI and cloud in Sweden.

Portfolio Pulse from Akanksha Bakshi

June 03, 2024 | 12:56 pm

GWAV

Trading halt status for GWAV was updated at 8:55:00 AM ET. The halt is due to pending news and resumption times.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:55 pm

DTCR

ENTR

NVDA

SMCI

Super Micro Computer, Inc. (NASDAQ:SMCI) has partnered with Datasection, Foxconn, KDDI, and Sharp to create a large-scale AI data center in Japan, leveraging Nvidia Corp’s (NASDAQ:NVDA) advanced chips. The stock price of SMCI gained following the announcement, and the broader semiconductor index recovered from a recent selloff. The new data center will feature Supermicro's Total IT rack-scale liquid-cooled solutions and support advanced AI applications. Analysts have noted continued sales momentum for Supermicro, which has seen a 251% stock gain over the last 12 months. Investors can gain exposure to SMCI through ERShares Entrepreneurs ETF (NASDAQ:ENTR) and Global X Data Center & Digital Infrastructure ETF (NASDAQ:DTCR).

Portfolio Pulse from Anusuya Lahiri

June 03, 2024 | 12:54 pm

CARR

GCAD

HON

Honeywell International Inc. (HON) has raised its second-quarter and FY24 guidance following the acquisition of Carrier Global Corporation's (CARR) Global Access Solutions business for $4.95 billion. The acquisition is expected to be earnings accretive in the first full year. Honeywell projects increased sales, adjusted EPS, and segment margins for FY24 and Q2 FY24. Investors can gain exposure to Honeywell via ETFs like GCAD and PPA.

Portfolio Pulse from Lekha Gupta

June 03, 2024 | 12:53 pm

ECOR

electroCore has announced a $9.3 million registered direct offering of one share of common stock, sold together with one-half of one warrant at a combined effective offering price of $6.4925. Additionally, the company is conducting separate concurrent private placements priced at market under Nasdaq rules.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 12:52 pm