Streetbeat News

Stock Prices

DNUT

Krispy Kreme (NYSE:DNUT) has seen a 3.41% increase in its short percent of float, now at 16.69% of all regular shares available for trading. This is higher than its peer group average of 9.91%. It would take traders 5.17 days to cover their short positions based on current trading volume.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 4:15 pm

SNOW

Databricks is acquiring data-optimization startup Tabular, which specializes in the Apache Iceberg format, for an estimated $1-2 billion. This move is seen as a direct challenge to Snowflake, which has also made Iceberg-related announcements. The acquisition aims to enhance Databricks' product offerings and competitiveness against Snowflake.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 4:12 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The stock market is experiencing growth fears due to weak ISM Manufacturing Index data, which has increased the probability of a rate cut in September. Nvidia's announcement of a new AI chip platform, Rubin, is helping to support the market. Early trade shows mixed money flows among major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

June 04, 2024 | 4:11 pm

ANNX

Annexon Inc (NASDAQ:ANNX) announced positive topline results from its Phase 3 trial for ANX005 in treating Guillain-Barré syndrome (GBS). The trial met its primary endpoint, showing significant improvement in the GBS-disability scale and other key secondary endpoints. ANNX shares rose by 31.07% following the news.

Portfolio Pulse from Vandana Singh

June 04, 2024 | 4:06 pm

Philip Morris International Inc (NYSE:PM) has raised its 2024 earnings outlook, projecting reported earnings per share of $5.77 to $5.89, and adjusted diluted earnings per share of $6.26 to $6.38. The company expects net revenue growth of 7% to 8.5% and organic operating income growth of 10% to 12% for FY24. Despite adverse currency impacts, the company anticipates strong first-half results.

Portfolio Pulse from Nabaparna Bhattacharya

June 04, 2024 | 4:01 pm

ANNX

BBWI

DBI

MLGO

NDRA

SOBR

U.S. stocks traded lower with the Nasdaq Composite falling over 50 points. Bath & Body Works shares tumbled around 10% after reporting Q1 results. MicroAlgo Inc shares surged 365% following a new research center announcement. Sobr Safe Inc shares rose 140% due to new device purchases. Annexon, Inc. shares gained 28% after a successful Phase 3 trial. ENDRA Life Sciences Inc shares dropped 66% after a public offering announcement. Equillium Inc shares fell 22% following Phase 2 study data. Designer Brands Inc shares fell 18% after Q1 earnings.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 4:00 pm

DHR

Danaher (NYSE:DHR) has significantly outperformed the market over the past 10 years, delivering an average annual return of 17.08%. A $1000 investment in DHR stock 10 years ago would now be worth $4,834.13. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 4:00 pm

ALL

Allstate (NYSE:ALL) has outperformed the market over the past 15 years, delivering an average annual return of 13.34%. A $100 investment in Allstate 15 years ago would be worth $641.16 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 4:00 pm

GME

GameStop shares are trading lower after gaining on Monday. Massachusetts securities regulators are probing retail investor Keith Gill.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:58 pm

MLGO

MicroAlgo shares have resumed trading, which could lead to increased investor activity and potential price volatility in the short term.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:57 pm