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TSLA

Chinese automakers, led by BYD, saw significant sales increases in the UK in May, while American automakers Tesla and Ford experienced declines. BYD's sales surged by 2,700%, while Tesla and Ford saw drops of 8% and 31%, respectively.

Portfolio Pulse from Anan Ashraf

June 06, 2024 | 11:30 am

BARK

FTHM

MCHX

PODC

SYPR

Insiders have been buying shares of several penny stocks, including PodcastOne, BARK, Fathom Holdings, Sypris Solutions, and Marchex. These transactions may indicate confidence in the companies' prospects despite recent challenges.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 11:26 am

CHPT

FIVE

LULU

NVDA

QQQ

SMAR

SMTC

SPY

US stock futures show caution after a strong Wednesday, with positive earnings news and hopes for ECB rate cuts. Nvidia led tech gains, while analysts warn of potential summer volatility. Key economic data releases are expected, and several companies report earnings.

Portfolio Pulse from Shanthi Rexaline

June 06, 2024 | 11:24 am

IEMG

MCHI

NIO

NIO, Inc. (NYSE: NIO) reported a significant decline in Q1 2024 revenue and vehicle deliveries, missing analyst expectations. The stock price dropped 5.88% premarket. Despite the poor performance, NIO provided a positive forward outlook for Q2 2024. Investors can gain exposure to NIO via iShares Core MSCI Emerging Markets ETF (NYSE: IEMG) and iShares MSCI China ETF (NASDAQ: MCHI).

Portfolio Pulse from Anusuya Lahiri

June 06, 2024 | 11:24 am

CMMB

Chemomab presented two scientific posters at EASL 2024, supporting the clinical rationale for its Primary Sclerosing Cholangitis (PSC) program.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:22 am

RLAY

Relay Therapeutics has announced three new programs: two focused on genetic diseases and one on precision oncology. This expansion highlights the company's commitment to advancing its pipeline in critical therapeutic areas.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:18 am

GIII

G-III Apparel has updated its fiscal 2025 adjusted EBITDA guidance to $295M-$300M, up from the previous range of $290M-$295M.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:17 am

ASML

FTXL

NVDA

NXPI

SSG

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) shares hit a record high due to the global AI frenzy. TSMC is in talks with ASML Holding to acquire advanced lithography machines and plans to raise service prices. TSMC announced a buyback of 3.25 million shares and a $7.8 billion facility in Singapore. Nvidia's stock gains also contributed to TSMC's surge. Investors can gain exposure to the semiconductor sector via First Trust Nasdaq Semiconductor ETF and ProShares UltraShort Semiconductors.

Portfolio Pulse from Anusuya Lahiri

June 06, 2024 | 11:17 am

CLGN

CollPlant has successfully bio-printed 200cc breast implants and reported positive pre-clinical data showing tissue growth and no adverse reactions. Large-animal studies are ongoing with results expected in Q4 2024 and Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:16 am

GIII

G-III Apparel Group expects fiscal 2025 sales of approximately $3.20 billion, matching the consensus estimate. The company has updated its adjusted EPS guidance to a range of $3.58-$3.68, which is higher than the prior guidance of $3.50-$3.60 and the consensus estimate of $3.55.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:16 am