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RNA

Avidity Bioscience has announced a proposed public offering of $300 million of common stock. This move is likely aimed at raising capital for ongoing and future projects.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:01 pm

BA

LUV

SPR

Southwest Airlines CEO Bob Jordan refuses to step down despite pressure from activist investor Elliott Investment Management, which is pushing for leadership changes and policy revisions. Southwest expects fewer plane deliveries from Boeing this year and is considering changes to its seating policy. The company plans to unveil a broad plan in September.

Portfolio Pulse from Michael Juliano

June 12, 2024 | 8:01 pm

CARA

Trading for CARA was halted at 4:00:10 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 8:00 pm

META

Meta Platforms Inc. (META) is reportedly seeing a number of its Vice Presidents being squeezed out as CEO Mark Zuckerberg enforces a 'permanent' efficiency mode. This move is part of a broader strategy to streamline operations and cut costs.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:56 pm

GLD

QQQ

SPY

Federal Reserve Chair Jerome Powell emphasized the need for more confidence in inflation data before considering interest rate cuts, tempering market excitement. Despite a lower-than-expected inflation report, Powell warned that future data might not be as favorable. Stocks trimmed gains, Treasury yields rebounded, and market expectations for a September rate cut slightly eased.

Portfolio Pulse from Piero Cingari

June 12, 2024 | 7:50 pm

GLD

SPY

Doubleline Capital's Jeffrey Gundlach suggests that even at current levels, it is worth dollar-cost averaging into gold. This recommendation was made during a CNBC interview.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:48 pm

TVGN

Tevogen Bio Holdings Inc. (NASDAQ:TVGN) will join the Russell 3000 Index effective July 1, 2024, as part of the annual reconstitution of the Russell US Indexes.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:47 pm

SPY

Doubleline Capital's Jeffrey Gundlach, in a CNBC interview, reiterated his expectation of a recession within a year. Gundlach's comments are significant given his reputation as a prominent bond investor.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:46 pm

EIX

Edison International (NYSE:EIX) has seen a 6.37% increase in its short percent of float, now at 1.67% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, EIX's short interest is still below the peer group average of 2.41%.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 7:45 pm

KBE

KRE

SPY

XLF

Doubleline Capital's Jeffrey Gundlach stated in a CNBC interview that he believes we have seen the peak for this cycle in longer-term bond yields and probably the Federal Reserve's funds rate.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:45 pm