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ACHR

Archer Aviation has announced plans to establish an air mobility network in San Francisco, aiming to revolutionize urban transportation with its electric vertical takeoff and landing (eVTOL) aircraft.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:15 pm

AREB

American Rebel reported its Q1 revenue at $4 million.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:13 pm

BFH

IRTC

OCUL

SWKS

TRU

Top Wall Street analysts have upgraded their ratings for several companies, including iRhythm Technologies, Bread Financial Holdings, Ocular Therapeutix, TransUnion, and Skyworks Solutions. These upgrades could influence short-term stock movements.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 1:13 pm

QQQ

SPY

UUP

Economic data released Thursday showed higher-than-expected jobless claims, a decline in housing starts and permits, and a drop in the Philly Fed Index. Treasury yields rose slightly, and the U.S. Dollar Index gained. Futures on major U.S. equity indices traded higher but trimmed gains post-data.

Portfolio Pulse from Piero Cingari

June 20, 2024 | 1:12 pm

JBL

Jabil Inc (NYSE: JBL) reported Q3 fiscal 2024 revenue of $6.77 billion, beating estimates but down 20.2% year-on-year. Adjusted EPS of $1.89 also surpassed expectations. Despite declines in DMS and EMS segments, the company is optimistic about growth in AI datacenters and EV markets. Q4 revenue is expected to be between $6.3 billion and $6.9 billion, with adjusted EPS of $2.03 to $2.43. FY24 guidance remains strong. JBL shares are down 5.53% premarket.

Portfolio Pulse from Anusuya Lahiri

June 20, 2024 | 1:12 pm

CIEN

TDC NET is set to deploy Ciena's Converged Packet Optical Solutions to upgrade its metro and long-haul networks with 800G technology. This upgrade, based on Ciena's WaveLogic 5 technology, will enable TDC NET to introduce new services sustainably and securely.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:05 pm

SPY

Federal Reserve's Neel Kashkari stated that it might take a year or two to bring inflation back to the 2% target. He also mentioned that current wage growth might be too high to achieve this inflation goal.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:05 pm

CYTO

Altamira Therapeutics has highlighted a review article that discusses the use of Betahistine in managing vertigo. This could potentially impact the company's stock as it brings attention to one of its therapeutic areas.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:05 pm

ASTC

The TSA has approved Astrotech's TRACER 1000 for inclusion in the Air Cargo Security Technology List, potentially boosting the company's market position in the security technology sector.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:03 pm

TNDM

Tandem Diabetes Care has appointed Jean-Claude 'JC' Kyrillos as Executive Vice President and Chief Operating Officer, effective June 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 1:01 pm