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TSLA

Donald Trump has shown mixed opinions on electric vehicles (EVs) and Tesla CEO Elon Musk in recent speeches. While praising Musk and Tesla in Arizona, he criticized the EV sector's infrastructure and impact on bridges in a Las Vegas rally. This could indicate a strategic move to win over voters or a genuine shift in opinion.

Portfolio Pulse from Chris Katje

June 10, 2024 | 4:55 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares are trading slightly higher after shareholders approved all proposals at the Annual Meeting, including a reverse stock split. However, the company faces challenges as former CEO Trevor Milton filed a multi-billion dollar derivative lawsuit against the current chief legal officer and directors.

Portfolio Pulse from Erica Kollmann

June 10, 2024 | 4:52 pm

AMD

ARM

MSFT

NVDA

QCOM

A legal dispute between Qualcomm and Arm Holdings threatens the shipment of new AI-powered laptops. The conflict centers on intellectual property and licensing issues related to Qualcomm's acquisition of Nuvia. This could impact the market as Qualcomm's exclusive chip supply deal for laptops expires this year, opening opportunities for competitors like Nvidia and AMD.

Portfolio Pulse from Shivani Kumaresan

June 10, 2024 | 4:46 pm

GOOG

SNOW

Snowflake Inc (NYSE:SNOW) shares are falling due to a blog post by Alphabet Inc's (NASDAQ:GOOG) cybersecurity subsidiary Mandiant, which revealed a cyber attack targeting Snowflake customer database instances. The attack, attributed to threat actor UNC5537, involves data theft and extortion using compromised customer credentials. Mandiant and Snowflake are investigating and coordinating with law enforcement.

Portfolio Pulse from Adam Eckert

June 10, 2024 | 4:43 pm

AVGO

GOOG

GOOGL

META

NVDA

VMW

Broadcom Inc (NASDAQ:AVGO) is expected to report a modest beat for its fiscal second-quarter results on June 12, driven by strength in AI. Analyst Vivek Arya from BofA Securities maintained a Buy rating and a price target of $1,680 on the stock. The company is likely to reiterate its fiscal 2024 sales outlook of around $50 billion. However, there are concerns about gross margin pressure due to more custom chips and competition from NVIDIA Corp (NASDAQ:NVDA).

Portfolio Pulse from Priya Nigam

June 10, 2024 | 4:41 pm

TNXP

Tonix Pharmaceuticals (NASDAQ:TNXP) shares dropped 29% to $2.36 after a 1-for-32 reverse stock split aimed at meeting NASDAQ's $1.00 minimum bid price requirement. The company also had a pre-NDA meeting with the FDA for Tonmya (TNX-102 SL). TNXP shares have decreased by 95.74% over the past year and 56.71% over the past month, with an RSI of 1.15 indicating oversold conditions.

Portfolio Pulse from Henry Khederian

June 10, 2024 | 4:34 pm

CREX

DRCT

EEX

GMGI

HRYU

LFLY

ONFO

SHEN

SIFY

SIFYR

SOPA

UONE

The article highlights the intraday movements of several communication services stocks on Monday. Urban One, Creative Realities, Leafly Holdings, Emerald Holding, Onfolio Holdings, and Direct Digital Holdings saw significant gains, while Sify Technologies, Hanryu Holdings, Golden Matrix Group, Society Pass, and Shenandoah experienced notable declines.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 4:31 pm

CNSP

CRIS

CSBR

MCRB

NNVC

NVAX

RENB

RNAZ

SBFM

SKYE

SMLR

THAR

The article highlights significant intraday movements in health care stocks on Monday. Notable gainers include Seres Therapeutics (MCRB), Renovaro (RENB), Champions Oncology (CSBR), Nanoviricides (NNVC), Semler Scientific (SMLR), and TransCode Therapeutics (RNAZ). On the losing side, Sunshine Biopharma (SBFM), Tharimmune (THAR), CNS Pharma (CNSP), Curis (CRIS), Skye Bioscience (SKYE), and Novavax (NVAX) experienced notable declines.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 4:31 pm

AIRJ

EFSH

FCEL

HOVR

JCSE

KITT

KULR

MWG

STI

SYNX

VIRC

YYGH

The article highlights the intraday movements of 12 industrial stocks on Monday. Notable gainers include New Horizon Aircraft (HOVR), Nauticus Robotics (KITT), Virco Mfg (VIRC), Silynxcom (SYNX), FuelCell Energy (FCEL), and KULR Tech Gr (KULR). Significant losers include 1847 Holdings (EFSH), JE Cleantech Hldgs (JCSE), Solidion Technology (STI), YY Group Holding (YYGH), Montana Technologies (AIRJ), and Multi Ways Holdings (MWG).

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 4:31 pm

AILE

BNAI

GRRR

OBLG

OSS

SELX

SGN

SOBR

SPEC

UBXG

WETH

XTKG

The article highlights the intraday movements of 12 information technology stocks on Monday. Notable gainers include One Stop Systems (OSS), Wetouch Technology (WETH), iLearningEngines (AILE), U-BX Technology (UBXG), Brand Engagement Network (BNAI), and Spectaire Holdings (SPEC). Significant losers include Semilux International (SELX), X3 Holdings (XTKG), Sobr Safe (SOBR), Oblong (OBLG), Gorilla Tech Gr (GRRR), and Signing Day Sports (SGN).

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 4:30 pm