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ALK

BA

ITA

PPA

Boeing Co (NYSE:BA) shares are trading higher after a Reuters report indicated that its executives are unlikely to face criminal charges over the fatal crashes in 2018 and 2019. The five-year statute of limitations for prosecuting most federal crimes has likely expired. Boeing has until June 13 to present any disagreements with the Justice Department's findings, which will decide by July 7 whether to prosecute, extend the DPA, or pursue other options. Boeing stock has lost more than 14% in the last 12 months, but shares are up 2.27% on Monday.

Portfolio Pulse from Shivani Kumaresan

June 03, 2024 | 5:19 pm

CRBU

Caribou Biosciences shares are trading lower after presenting clinical data from the CB-010 ANTLER Phase 1 trial in second-line LBCL patients at the 2024 ASCO Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:19 pm

NCTY

The9 shares are trading higher after the company announced that it acquired a 19% stake in WeiXiang.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:17 pm

ACGL

CMG

HLT

QSR

Bill Ackman's Pershing Square Capital Management is selling a 10% stake ahead of a planned IPO in 2025. Investors include Arch Capital Group Ltd. (NASDAQ:ACGL), BTG Pactual, Consulta Limited, ICONIQ Investment Management, and Menora Mivtachim Holdings. Ackman holds significant stakes in Chipotle Mexican Grill, Inc. (NYSE:CMG), Hilton Hotels Corporation (NYSE:HLT), and Restaurant Brands International Inc (NYSE:QSR).

Portfolio Pulse from Hayden Buckfire

June 03, 2024 | 5:16 pm

LI

NIO

XPEV

Chinese EV stocks Nio, XPeng, and Li Auto saw significant attention on Monday due to strong May delivery numbers. Despite robust sales growth, shares of all three companies traded lower, likely due to concerns over price wars and weakening demand.

Portfolio Pulse from Anusuya Lahiri

June 03, 2024 | 5:09 pm

HZO

MarineMax shares are trading higher following reports suggesting that OneWater is in talks to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:06 pm

DJIA

NDAQ

QQQ

SPY

NYSE equities are currently evaluating erroneous Limit-Up-Limit-Down (LULD) halts, which could impact trading and market stability.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 5:05 pm

SRCL

WM

Waste Management, Inc. (NYSE:WM) shares are trading lower after announcing plans to acquire Stericycle (NASDAQ:SRCL) for $7.2 billion. The acquisition aims to expand WM's recycling infrastructure and enhance its environmental solutions. The deal is expected to close in Q4 2024, pending regulatory and shareholder approvals.

Portfolio Pulse from Dylan Berman

June 03, 2024 | 5:03 pm

RRX

Regal Rexnord (NYSE:RRX) has outperformed the market over the past 20 years with an average annual return of 10.06%, resulting in a $1000 investment growing to $6,939.56. The company currently has a market capitalization of $9.95 billion.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 5:00 pm

AVGO

Analysts have provided a range of opinions on Broadcom (NASDAQ:AVGO) over the past quarter, with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased to $1576.97, reflecting a 15.25% rise from the previous average. Key analysts have adjusted their ratings and price targets, indicating a positive outlook for Broadcom.

Portfolio Pulse from Benzinga Insights

June 03, 2024 | 5:00 pm