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BITF

BTBT

BTDR

CIFR

CLSK

COIN

HIVE

HUT

IREN

MARA

RIOT

WULF

Shares of crypto-linked stocks are trading lower amid weakness in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

JCI

LEA

NIO

NIO Inc. (NYSE:NIO) announced the resignation of CFO Steven Wei Feng, effective July 5, 2024, and the promotion of Senior VP Stanley Yu Qu to CFO. NIO shares are trading lower following the news. The company also reported significant increases in EV deliveries for June and Q2 2024.

Portfolio Pulse from Lekha Gupta

July 05, 2024 | 3:01 pm

JEWL

MAXN

QLGN

STSS

Shares of Sharps Technology, Inc. (NASDAQ:STSS) surged 31.7% in pre-market trading after receiving two purchase orders for approximately one million SecureGard syringes for 2024 delivery. Other notable pre-market movers include Qualigen Therapeutics, Inc. (NASDAQ:QLGN) up 53%, Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) up 18.7%, and Adamas One Corp. (NASDAQ:JEWL) down 19.3%.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

MAXN

SPWR

Maxeon Solar Technologies reported in a 6-K filing that a shareholder has filed a complaint alleging violations of the Securities Exchange Act related to SunPower disclosures. The complaint seeks unspecified damages, and Maxeon intends to vigorously defend itself.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

BBJP

DXJ

EWJ

Japan's household spending for May decreased by 0.3% month-over-month, missing the estimated increase of 0.5% and following a 1.2% decline in the previous month.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

BTCUSD

Renowned economist Peter Schiff has forecasted a prolonged bear market for Bitcoin, predicting further declines. Schiff's comments come amid a significant drop in Bitcoin's price, influenced by fears of coin sales by Mt.Gox and government actions. He also warned that over 70% of Bitcoin ETF buyers would incur losses at current price levels.

Portfolio Pulse from Aniket Verma

July 05, 2024 | 3:01 pm

SPY

NY Fed's Williams stated that there is still progress needed to reach the 2% inflation target on a sustained basis, although significant progress has been made in bringing inflation back toward the Fed's target rate.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

TSLA

The S&P 500 hit new highs despite the CNN Money Fear and Greed index moving to the 'Fear' zone. Tesla shares surged 6.5% after Wedbush raised its price target. ADP data showed lower-than-expected private payroll growth, and weekly jobless claims were higher than expected.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

ASND

ERIC

GFL

LGIH

Key stocks to watch include Macy's, Ascendis Pharma, LGI Homes, Ericsson, and GFL Environmental. Macy's received an increased buyout offer, Ascendis Pharma signed a distribution agreement, LGI Homes reported home closings, Ericsson announced an impairment charge, and GFL Environmental declared a dividend.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

CEG

NVDA

SMCI

VST

Vistra Corp. (NYSE:VST) has outperformed Nvidia (NASDAQ:NVDA) and Super Micro Computer (NASDAQ:SMCI) in one-year returns, gaining over 250%. Despite this, Jim Cramer remains cautious about Vistra, labeling it a momentum stock. However, he acknowledges its potential due to the increasing power requirements of new data centers and its unique position with several nuclear power plants. Vistra's Q1 results showed a 50% YoY improvement in adjusted EBITDA, and analysts see an 18% upside potential.

Portfolio Pulse from Shanthi Rexaline

July 05, 2024 | 3:01 pm