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LUV

Southwest Airlines shares are trading lower after a spike on Monday when Elliott disclosed a stake in the company.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:17 pm

CEG

Wealthy investors are showing a bullish stance on Constellation Energy (NASDAQ:CEG) with significant options trading activity. Benzinga's options scanner detected 11 trades, predominantly calls, indicating a price target range of $200 to $240. Expert analysts have mixed ratings, with an average target price of $238.8.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 4:16 pm

LGVN

Longeveron shares are trading lower following the announcement of the completion of an investigator meeting for ELPIS II, the ongoing Phase 2b clinical trial evaluating Lomecel-B as a potential adjunct treatment for Hypoplastic Left Heart Syndrome.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:14 pm

CJJD

China Jo-Jo Drugstores shares are trading lower following the announcement of a $3.37 million registered direct offering of 1.98 million shares at $1.70 per share.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:13 pm

GLD

QQQ

SPY

TLT

UUP

The May CPI report and the FOMC meeting are set to occur on the same day, potentially causing market volatility. April's data showed easing inflation, aligning with forecasts. Economists expect the headline annual inflation rate to hold steady at 3.4%, with core inflation at 3.6%. The report will influence the Fed's stance on interest rates, with a softer reading supporting potential rate cuts. Previous CPI reports have triggered rallies in stocks, bonds, gold, and speculative assets.

Portfolio Pulse from Piero Cingari

June 11, 2024 | 4:12 pm

AISP

BNED

CURI

CXW

TH

TPET

YEXT

U.S. stocks traded lower with the Dow Jones falling over 200 points. Yext shares dropped 5% after disappointing Q1 results and weak Q2 guidance. Trio Petroleum, CuriosityStream, and Airship AI saw significant gains, while Target Hospitality, Barnes & Noble Education, and CoreCivic experienced notable declines.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 4:12 pm

MPAA

Motorcar Parts of America shares are trading lower after the company reported worse-than-expected Q4 sales results and issued FY25 net sales guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:12 pm

TPL

Texas Pacific Land shares are trading higher following the announcement that the company will join the S&P MidCap 400.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:11 pm

SPY

USO

The U.S. Energy Information Administration (EIA) has revised its forecast for U.S. crude oil output in 2024, now expecting production to rise to 13.24 million barrels per day, up from the previous forecast of 13.20 million barrels per day made in May.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:10 pm

GOOG

GOOGL

LLY

NVO

Google's health-focused subsidiary, Verily, is set to offer GLP-1 drugs through its revamped chronic care app, Lightpath. This move aims to enhance chronic care management by integrating weight-loss medications. The initiative could impact companies involved in GLP-1 drugs and digital health solutions.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:08 pm