Benzinga Pro's Top 5 Stocks To Watch For Tuesday, May 30, 2023: NVDA, F, DAL, ETRN, AI
Portfolio Pulse from Benzinga Newsdesk
NVIDIA shares rose 4% after announcing the Israel-1 generative AI cloud supercomputer, Ford was upgraded by Jefferies, Delta Airlines saw high travel demand during Memorial Day weekend, Equitrans Midstream gained 40% premarket after a debt limit agreement, and C3.ai shares rose 12% ahead of Q4 earnings.
May 30, 2023 | 1:01 pm
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POSITIVE IMPACT
C3.ai shares rose 12% in the pre-market session amid continued investor optimism in the AI space, with the company set to report Q4 earnings tomorrow.
C3.ai's 12% pre-market share increase is driven by continued investor optimism in the AI space, and with the company set to report Q4 earnings tomorrow, this could lead to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Delta Airlines saw high travel demand during Memorial Day weekend, with TSA checkpoint data showing passenger volumes rising above 2019 levels.
The high travel demand during Memorial Day weekend and passenger volumes rising above 2019 levels indicate a positive outlook for Delta Airlines, which could lead to a short-term increase in stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Equitrans Midstream gained nearly 40% premarket after a tentative debt limit agreement by Biden and McCarthy contains a provision to accelerate the completion of the Mountain Valley Pipeline.
The tentative debt limit agreement containing a provision to accelerate the completion of the Mountain Valley Pipeline has led to a nearly 40% premarket gain for Equitrans Midstream, indicating a strong short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Ford was upgraded by Jefferies from Hold to Buy, citing increased confidence in the company's ability to close a 'deficit of execution.'
Jefferies' upgrade of Ford from Hold to Buy indicates increased confidence in the company's ability to improve execution, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
NVIDIA shares rose 4% after announcing the Israel-1 generative AI cloud supercomputer, approaching a $1 trillion market cap.
NVIDIA's announcement of the Israel-1 generative AI cloud supercomputer has boosted investor confidence in the company's AI capabilities, leading to a 4% increase in share price and approaching a $1 trillion market cap.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100