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Boeing is set to present a corrective action plan to the FAA to address quality issues in its factories, particularly concerning the 737 Max and 787 Dreamliners. This move aims to regain trust from stakeholders after a series of incidents and financial strains. Boeing's stock has dropped over 16% in the past year, and the company is projected to burn through $8 billion in cash in the first half of 2024.

Portfolio Pulse from Shivani Kumaresan

May 30, 2024 | 1:28 pm

CRM

Salesforce Inc (NYSE:CRM) shares are trading lower after the company reported first-quarter financial results and issued weak guidance for the second quarter. Despite an 11% year-over-year revenue increase, the company missed revenue estimates for the first time in over a decade. Analysts have lowered their price targets, contributing to a 16.7% drop in Salesforce's stock price.

Portfolio Pulse from Adam Eckert

May 30, 2024 | 1:22 pm

BTCY

Biotricity has launched a new direct-to-patient cardiac screening service, expanding its offerings in the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:20 pm

RCEL

AVITA Medical has received FDA approval for its RECELL GO System, a new device designed to treat burn injuries. This approval is expected to enhance the company's market position and potentially increase its revenue.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:19 pm

MAXN

Maxeon Solar Technologies' largest shareholder, TCL Zhonghuan Renewable Energy Technology, will invest $97.5M via debt and an additional $100M in equity. This move aims to address liquidity needs amid challenging market conditions. The investment will result in substantial dilution to existing shareholders, with TZE becoming a controlling shareholder.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:19 pm

AAPL

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The top 10 trending stocks on WallStreetBets as of May 30, 2024, include NVDA, DELL, CRM, AI, ASTS, TSLA, LOT, AAPL, PLTR, and QQQ, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:17 pm

OKTA

Okta Inc (NASDAQ:OKTA) shares surged after reporting strong Q1 financial results and issuing positive guidance. The company exceeded revenue and EPS estimates, and raised its full-year guidance. Evercore ISI upgraded the stock, and Needham reiterated a Buy rating.

Portfolio Pulse from Adam Eckert

May 30, 2024 | 1:17 pm

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SONY

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Sony Group Corp (NYSE:SONY) is in talks to acquire Queen's music catalog for potentially $1 billion, which could be one of the largest deals of its kind. The stock is trading higher on Thursday. Sony's recent financial performance has been strong, with significant growth in music revenue and operating income. Investors can gain exposure to Sony through ETFs like BlackRock Large Cap Core ETF (NASDAQ:BLCR) and Calamos ETF Trust Calamos Antetokounmpo Global Sustainable Equities ETF (NYSE:SROI).

Portfolio Pulse from Anusuya Lahiri

May 30, 2024 | 1:14 pm

BMEA

Biomea Fusion has completed enrollment of the first three dose expansion arms of its COVALENT-111 study, involving over 260 patients with Type 2 diabetes.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:14 pm

BIRK

Birkenstock Holding plc (NYSE:BIRK) reported a 22% increase in Q2 revenue, beating expectations with strong global demand. Revenue reached EUR 481 million, and adjusted EPS stood at EUR 0.41. The company raised its FY24 revenue and adjusted EBITDA guidance, despite a decline in gross margin due to production capacity expansion and inflation-related wage adjustments.

Portfolio Pulse from Lekha Gupta

May 30, 2024 | 1:12 pm