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CCTS

VVPR

VivoPower International PLC (NASDAQ:VVPR) shares surged after its electric vehicle subsidiary, Tembo e-LV B.V., extended its agreement with Cactus Acquisition Corporation I (NASDAQ:CCTS) to finalize a business combination. Additionally, VivoPower completed the sale of its non-core business unit, Kenshaw Electrical. The stock saw heavy trading volume, significantly above its 100-day average.

Portfolio Pulse from Erica Kollmann

July 03, 2024 | 2:41 pm

VVPR

VivoPower shares are trading higher following the announcement that its electric vehicle subsidiary, Tembo, has extended its exclusive heads of agreement with Cactus Acquisition Corporation I by one month.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 2:41 pm

F

TSLA

Ford Motor Company reported a 1% year-over-year sales increase for Q2, with a 5% rise in truck sales and a 61% surge in electric vehicle sales. Ford's EV sales rank second only to Tesla. Ford's hybrid sales also increased by 56%, setting a new quarterly record.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2024 | 2:40 pm

DIA

GLD

QQQ

SPY

TLT

UUP

The US services sector experienced its largest contraction in over four years, with the ISM Services PMI falling to 48.8% in June. This contraction led to a mixed market reaction: stocks held gains, bond yields fell, and the dollar weakened as traders anticipated potential Fed rate cuts. Key ETFs like SPY, QQQ, DIA, TLT, UUP, and GLD were impacted.

Portfolio Pulse from Piero Cingari

July 03, 2024 | 2:35 pm

AVGO

Dave Portnoy, a well-known internet personality, posted on X (formerly Twitter) that he is investing a million dollars in Broadcom (AVGO). This public endorsement could influence retail investor sentiment and potentially impact Broadcom's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 2:30 pm

SPY

UNG

USA gasoline inventories saw a draw of 2.214 million barrels, significantly higher than the estimated draw of 1.500 million barrels and a prior build of 2.654 million barrels.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 2:30 pm

SPY

USO

The EIA reported a larger-than-expected draw in distillate stocks, with a draw of 1.535 million barrels compared to the estimated draw of 1.100 million barrels. This is also significantly higher than the prior draw of 0.377 million barrels.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 2:30 pm

CDNS

Cadence Design Systems (NASDAQ:CDNS) has significantly outperformed the market over the past 15 years, delivering an average annual return of 31.26%. A $1000 investment in CDNS 15 years ago would be worth $60,163.83 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 03, 2024 | 2:30 pm

SPY

USO

USA crude oil inventories saw a significant draw of 12.157 million barrels, much larger than the estimated draw of 0.400 million barrels and the previous build of 3.591 million barrels.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 2:30 pm

ASND

Ascendis Pharma (NASDAQ:ASND) has significantly outperformed the market over the past 15 years, delivering an average annual return of 28.27%. A $1000 investment in ASND 15 years ago would be worth $45,483.28 today. The company's current market capitalization is $7.79 billion.

Portfolio Pulse from Benzinga Insights

July 03, 2024 | 2:30 pm