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Legal

BA

Boeing Co (NYSE:BA) saw a stock boost after the U.S. House passed a $105 billion aviation bill, but faces potential legal challenges from the DOJ regarding the 737 Max crashes. Technical indicators show moderately bullish signals, but long-term caution is advised.

Portfolio Pulse from Surbhi Jain

May 16, 2024 | 4:03 pm

DJT

Trump Media & Technology Group (TMTG) has sent a letter to the chairmen of several U.S. House committees, raising concerns about potential manipulation of its stock (DJT) on the Nasdaq. The letter highlights persistent failures to deliver (FTDs) and possible illegal 'naked' short selling. TMTG requests a thorough investigation by FINRA and other regulatory bodies to address these issues.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 4:00 pm

SMR

Iceberg Research has issued a report claiming that NuScale Power ($SMR) has misled investors regarding the certification of its reactor. This could have significant implications for the company's stock price and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:57 pm

GL

Shares of Globe Life (GL) are trading lower following an update from Viceroy Research regarding a Freedom of Information Act (FOIA) request. The update has raised concerns among investors, leading to a decline in the stock price.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:43 pm

DELL

Ireland's Data Protection Commission (DPC) is investigating a data breach involving Dell customers' personal information. Dell has notified regulators and customers about the breach, which included names, physical addresses, and order information. Dell believes the risk to customers is minimal.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:36 pm

SONY

Sony Music Group has issued warnings to over 700 companies, including AI firms and music streaming platforms, to stop using its artists' content without permission. The company emphasizes that unauthorized use deprives Sony and its artists of control and compensation.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:07 pm

AMC

The Bear Cave Research has issued a report titled 'Problems At AMC Entertainment (AMC)', criticizing AMC Entertainment for being unprofitable, deeply indebted, and highly dilutive. The report also highlights the recent resurgence of 'meme stocks' and the role of social media influencers in promoting AMC. The Bear Cave believes AMC is poorly positioned among the hype and calls it a 'dead company walking.'

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:32 pm

META

Elon Musk reacted humorously to a post about Meta Platforms Inc. (NASDAQ:META) facing numerous child safety investigations. Meta is currently under a fresh EU investigation and was recently fined $37.2 million by Turkey's competition board over data-sharing practices. The company has been criticized for prioritizing growth over child safety.

Portfolio Pulse from Rounak Jain

May 16, 2024 | 1:44 pm

FDIS

TSLA

XLY

Tesla Inc. (NASDAQ:TSLA) is facing a proposed class-action lawsuit alleging it misled consumers about its self-driving capabilities. The lawsuit claims Tesla falsely stated in 2016 that its cars would have full self-driving hardware. Judge Rita Lin allowed several fraud and negligence claims to proceed. Tesla is also under federal investigation for potential defects in its Autopilot system. Tesla stock has gained over 4% in the last 12 months but closed 2.01% lower recently. Investors can gain exposure to Tesla via ETFs like XLY and FDIS.

Portfolio Pulse from Shivani Kumaresan

May 16, 2024 | 12:40 pm

EWD

TSLA

A Swedish appeals court has rejected Tesla's appeal against a decision to dismiss the company's case against Sweden's Transport Agency. This legal setback could have implications for Tesla's operations and regulatory compliance in Sweden.

Portfolio Pulse from Charles Gross

May 16, 2024 | 9:42 am