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AFRM

FINX

IPAY

Affirm Holdings, Inc (NASDAQ:AFRM) has introduced new payment options, Pay in 2 and Pay in 30, to enhance flexibility and affordability for consumers. These options allow users to split purchases into two interest-free payments or pay in full within 30 days without late fees. The rollout has already increased cart conversion, and Affirm plans to extend these options to merchant partners. Affirm also expanded its partnership with Alterra Mountain Company. AFRM shares were trading lower by 2.69% at $30.32. Investors can gain exposure via Amplify Mobile Payments ETF (NYSE:IPAY) and Global X FinTech ETF (NASDAQ:FINX).

Portfolio Pulse from Anusuya Lahiri

June 07, 2024 | 3:56 pm

ULCC

Frontier Group's shares spiked higher following rumors that the company would pause sales at 12ET to watch Roaring Kitty.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 3:56 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is expected to unveil AI enhancements in its upcoming iPhone models at the WWDC 2024. Analysts predict these AI features could drive a multi-year upgrade cycle, potentially increasing iPhone unit sales by 9% by September 2025. However, the mature smartphone market poses challenges.

Portfolio Pulse from Shivani Kumaresan

June 07, 2024 | 3:52 pm

CB

Deep-pocketed investors have shown unusual options activity in Chubb (NYSE:CB), with a significant number of bullish trades. This suggests potential positive price movements for Chubb in the near term. The stock is currently up 1.54% at $267.81, and analysts have a consensus target price of $266.0.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 3:46 pm

V

Financial giants have shown a bullish stance on Visa (NYSE:V) with 8 unusual options trades. 62% of traders were bullish, targeting a price range of $200 to $320. Visa's stock is currently up by 0.73% at $279.07, with an average price target of $322.0 from analysts.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 3:46 pm

DE

Financial giants have shown a bearish sentiment towards Deere (NYSE:DE) in the options market, with 55% of trades being bearish. The major market movers are focusing on a price range between $330.0 and $410.0. Analysts have mixed ratings on Deere, with target prices ranging from $385 to $465.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 3:46 pm

AMC

BB

GME

KOSS

TUP

Meme stocks, including AMC, Tupperware, GameStop, Koss, and BlackBerry, are trading lower following GameStop's early release of its first-quarter financial results and a stock offering. GameStop reported lower-than-expected net sales and filed for the sale of up to 75 million shares. Investors are closely watching a scheduled Roaring Kitty livestream for potential market impact.

Portfolio Pulse from Erica Kollmann

June 07, 2024 | 3:46 pm

GLD

TLT

The U.S. labor market showed strong resilience in May with nonfarm payrolls increasing by 272,000, surpassing expectations. This led to a rise in Treasury yields and a rally in the U.S. dollar index, causing declines in long-dated bonds and gold. Economists suggest that the robust data closes the door on a July rate cut by the Federal Reserve, with some predicting the earliest rate cut could be in September or December.

Portfolio Pulse from Piero Cingari

June 07, 2024 | 3:45 pm

LL

F9 Investments criticizes LL Flooring's board for poor performance, noting a 93% stock price drop over three years. F9 nominates Tom Sullivan, Jason Delves, and Jill Witter to restore value and urges shareholders to vote for these nominees.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 3:43 pm

LI

NIO

TSLA

XPEV

Nio Inc (NYSE:NIO) reported its unaudited first fiscal quarter results, showing a widened net loss despite improved margins. The company provided an optimistic Q2 outlook with significant YoY growth in EV deliveries. Nio, along with Li Auto (NASDAQ:LI) and XPeng Inc (NYSE:XPEV), recorded YoY growth in May 2024 deliveries, with Nio achieving triple-digit percentage gains. Tesla Inc (NASDAQ:TSLA) recalled 125,000 EVs.

Portfolio Pulse from Upwallstreet

June 07, 2024 | 3:43 pm