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AMC

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GameStop Corp. (GME) and AMC Entertainment Holdings Inc. (AMC) saw their stock prices surge by 147% and 121% respectively in pre-market trading, signaling a potential revival of the 2021 meme stock rally. This resurgence, driven by retail investors on platforms like Reddit, has reintroduced volatility into the market. AMC capitalized on this momentum by raising $250 million through an equity sale. Related stocks and ETFs, including BlackBerry Ltd. (BB), Koss Corporation (KOSS), SPDR S&P Retail ETF (XRT), and Consumer Discretionary Select Sector SPDR Fund (XLY), also experienced notable movements.

Portfolio Pulse from Mohit Manghnani

May 14, 2024 | 12:11 pm

HOOD

Robinhood Markets' shares are experiencing an uptick, potentially due to Roaring Kitty's return, which could lead to increased platform usage by retail investors.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:41 am

SPWR

SunPower shares are trading higher due to the return of trader 'Roaring Kitty' to social media and the Biden administration's decision to raise tariffs on Chinese solar panels. These factors are contributing to increased interest in high-short interest stocks, including SunPower.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:14 am

CHR

Cheer Holding has announced the launch of a new AI-generated sci-fi series titled 'Land of No Desires'.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:32 am

AUPH

A recent analysis presented at the National Kidney Foundation's Spring Clinical Meeting 2024 has shown that LUPKYNIS is a cost-effective treatment for Lupus Nephritis. This finding could have significant implications for its manufacturer, Aurinia Pharmaceuticals Inc. (AUPH), in terms of market positioning and potential sales growth.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:09 am

DNUT

Krispy Kreme has announced a partnership with Dolly Parton to launch a new 'Southern Sweets' doughnut collection, aiming to blend the iconic flavors of the South with Krispy Kreme's classic doughnuts. This collaboration marks a significant move by Krispy Kreme to leverage celebrity partnerships to enhance its product offerings and appeal to a broader audience.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:05 am

GME

Douglas Boneparth, a financial expert, warns investors about the risks of meme stocks like GameStop Corp. (NYSE:GME), emphasizing the need for caution and research into a company's business model and long-term plans. GameStop's stock has seen significant volatility, partly due to social media influence, notably from Keith Gill, aka Roaring Kitty. Boneparth advises a more diversified investment approach through ETFs and mutual funds and stresses the importance of long-term thinking.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 9:33 am

TSLA

Tesla, Inc. has introduced a 0.99% financing option for Model Y in North America, seen by some as a strategic price adjustment to boost demand, while others view it as a disguised price cut. Gene Munster views this positively, expecting it to improve June quarter deliveries despite a recent demand softening. Conversely, Jim Chanos criticizes the move as merely another price cut. Amid economic challenges and competition, Tesla aims to maintain market share and profitability through strategies like the 'razor-razorblade' model, focusing on high-margin, recurring revenue from its self-driving software.

Portfolio Pulse from Shanthi Rexaline

May 14, 2024 | 9:26 am

BMBL

Bumble Inc. has withdrawn its anti-celibacy ad campaign due to backlash, promising to remove the ads and donate to the National Domestic Violence Hotline and other organizations. The company faced criticism for undermining choice with ads that were intended to bring humor to modern dating frustrations. This controversy follows a 22% stock price drop this year and leadership changes after an acquisition by Blackstone Group. Despite challenges, Bumble continues to innovate in online dating, with proposals for AI-driven services.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 9:04 am