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Stock Prices

SPY

Private nonfarm payrolls for May increased by 229,000, surpassing the estimated 170,000. This indicates a stronger-than-expected job market.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:30 pm

SPY

The USA Nonfarm Payrolls for May reported an increase of 272,000 jobs, significantly higher than the estimated 182,000 and the prior month's 165,000. This indicates a stronger-than-expected job market.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:30 pm

CNPOF

SMG

Scotts Miracle-Gro (NYSE: SMG) has updated its financial projections for fiscal year 2024, reducing its adjusted EBITDA expectations to $530-$540 million, down from $575 million. The company reaffirmed its $1 billion cash flow target and cost-saving initiatives. Hawthorne, its cannabis-focused subsidiary, is expected to break even by year-end and may benefit from a merger with RIV Capital and Cansortium Inc. Shares of SMG were trading 0.92% lower at $66.91 during Friday's pre-market session.

Portfolio Pulse from Nina Zdinjak

June 07, 2024 | 12:29 pm

GME

JPM

Keith Gill's significant bet on GameStop (GME) has sparked discussions within the cryptocurrency community about its implications and lessons for the crypto industry. If GME reaches $69 per share, Gill could become a billionaire, and many in the crypto space are celebrating his potential win. The event has drawn comparisons to the 'David vs. Goliath' narrative and raised questions about the potential influx of new investors into the crypto market.

Portfolio Pulse from Murtuza Merchant

June 07, 2024 | 12:28 pm

NVDA

VRT

Jim Cramer recommends buying more Vertiv Holdings Co (NYSE:VRT) as the stock trades 20% below its 52-week high. Despite short-term bearish indicators, long-term prospects and analyst ratings suggest significant upside potential. Vertiv has outperformed Nvidia Corp (NASDAQ:NVDA) over the past year, driven by robust earnings and growth in AI data center investments.

Portfolio Pulse from Surbhi Jain

June 07, 2024 | 12:26 pm

BCDA

GME

ODD

Market-Moving News for June 7th: GameStop (GME) shares drop 16% after poor Q1 results and a new share offering. BioCardia (BCDA) surges 65% on a new patent grant. ODDITY Tech (ODD) rises 8% following a share buyback approval and raised Q2 guidance.

Portfolio Pulse from ryanfaloona@benzinga.com

June 07, 2024 | 12:26 pm

AGX

Argan shares are trading higher after the company reported better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:23 pm

DJT

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading slightly lower in the premarket session on Friday. The company has sent its fourth congressional letter addressing potential stock manipulation, citing persistent failures to deliver (FTDs) and possible illegal 'naked' short selling. Recent SEC data shows high FTDs for DJT, prompting the company to request Electronic Blue Sheet data from several financial firms.

Portfolio Pulse from Nabaparna Bhattacharya

June 07, 2024 | 12:22 pm

KRG

Kite Realty Group Trust has filed with the SEC for an offering of up to 9.9 million common shares.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 12:22 pm

BBCP

BMEA

DOCU

EBC

FBLG

FTEL

IOT

LPA

MTN

REPL

Vail Resorts, Inc. (NYSE:MTN) reported weaker-than-expected Q3 results, leading to a 6.8% decline in pre-market trading. Other stocks experiencing losses include Biomea Fusion, Inc. (NASDAQ:BMEA), Latam Logistic Properties, S.A. (NYSE:LPA), Concrete Pumping Holdings, Inc. (NASDAQ:BBCP), FibroBiologics, Inc. (NASDAQ:FBLG), Eastern Bankshares, Inc. (NASDAQ:EBC), DocuSign, Inc. (NASDAQ:DOCU), Samsara Inc. (NYSE:IOT), Fitell Corporation (NASDAQ:FTEL), and Replimune Group, Inc. (NASDAQ:REPL).

Portfolio Pulse from Avi Kapoor

June 07, 2024 | 12:22 pm