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NIO

PGJ

NIO Inc. (NYSE:NIO) shares are trading lower in the premarket session on Wednesday, having lost over 30% in the past six months. BofA Securities analyst Ming Hsun Lee maintained a Neutral rating on NIO and lowered the price target from $6.5 to $5.9. NIO is expanding in Europe with a new NIO House in the Netherlands. China is allocating around RMB6 billion yuan ($830 million) for R&D in all-solid-state batteries, with NIO being a notable player in this space. NIO's 150-kWh semi-solid-state battery, introduced in 2021, is currently in trial operations.

Portfolio Pulse from Nabaparna Bhattacharya

May 29, 2024 | 12:48 pm

CTXR

Citius Pharmaceuticals (NASDAQ: CTXR) will host an investor call on June 3, 2024, to discuss the topline results of its Phase 3 trial for the Mino-Lok antibiotic lock solution.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:47 pm

AAPL

ACLS

DDOG

GLDD

NVO

PLTR

TGNA

TROW

Jim Cramer recommends buying Apple and finds Axcelis Technologies interesting. He is cautious about Palantir and Datadog, prefers Eli Lilly over Novo Nordisk, and sees T. Rowe Price as a bargain. He is neutral on Great Lakes Dredge & Dock and Tegna.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 12:47 pm

BAX

Baxter International has announced new data from a four-year study involving 1,000 dialysis patients, showing that its HDx therapy with the Theranova dialyzer reduces all-cause mortality risk by 25%.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:46 pm

GVH

Globavend Holdings shares are trading higher following the announcement of a Memorandum of Understanding (MOU) to acquire Top Logistics.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:42 pm

AAL

JBLU

LUV

SAVE

Several airline stocks, including Southwest Airlines, JetBlue Airways, and Spirit Airlines, are trading lower in sympathy with American Airlines, which revised its second-quarter guidance downward. American Airlines lowered its earnings forecast, operating margin guidance, and TRASM expectations, leading to a sector-wide decline.

Portfolio Pulse from Adam Eckert

May 29, 2024 | 12:40 pm

AAPL

FTEC

VGT

Apple Inc (NASDAQ:AAPL) will open its first retail store in Malaysia on June 22, expanding its presence in Southeast Asia. This move aims to boost sales and operations outside of China. Apple has been increasing its production and sales in Malaysia, and the new store has been under construction for several years. The company has also been consolidating its relationship with China while expanding in Southeast Asia and India. Apple stock has gained over 7% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

May 29, 2024 | 12:40 pm

ASTS

CHWY

SYTA

On May 29th, Siyata Mobile, AST SpaceMobile, and Chewy experienced significant stock price increases due to positive news. Siyata Mobile received a large order from the City of Lancaster, AST SpaceMobile announced a partnership with Verizon, and Chewy reported better-than-expected Q1 earnings and a share repurchase program.

Portfolio Pulse from ryanfaloona@benzinga.com

May 29, 2024 | 12:40 pm

MIRM

Mirum Pharmaceuticals will present long-term data from its LIVMARLI studies in Alagille syndrome (ALGS) and progressive familial intrahepatic cholestasis (PFIC) at the EASL Congress.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:38 pm

HLTH

Cue Health shares are trading lower after the company announced that it filed voluntary petitions under Chapter 7 of the U.S. Bankruptcy Code in the District of Delaware to pursue a wind down of its business.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:36 pm