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GME

Keith Gill, known as 'Roaring Kitty,' has returned to social media, causing a 1400% surge in a memecoin named after him (ROAR) and impacting other meme-themed cryptocurrencies. His comeback has reignited interest in meme coins, mirroring the 2021 meme stock rally he was part of with GameStop (NYSE:GME). This event underscores the growing influence of social media on financial markets, particularly in the volatile meme coin sector.

Portfolio Pulse from Murtuza Merchant

May 13, 2024 | 6:15 pm

GME

KWEB

PGJ

TLT

TME

Tech stocks saw a slight increase ahead of key inflation data, with GameStop experiencing a significant surge due to social media activity. The S&P 500 remained stable, while the Nasdaq 100 and Russell 2000 posted gains. Treasury yields dipped slightly, benefiting the iShares 20+ Year Treasury Bond ETF. Meme stocks rallied, notably GameStop, driven by 'Roaring Kitty's' return. Tencent's revenue beat spurred a rally in Chinese stocks, positively impacting related ETFs. The commodities market saw mixed movements, with oil up and gold down.

Portfolio Pulse from Piero Cingari

May 13, 2024 | 5:47 pm

HOOD

Robinhood Markets, Inc. (NASDAQ:HOOD) shares are trading higher after Roaring Kitty sparked a meme stock revival, influencing stocks like GameStop and AMC Entertainment. Heavy trading volume is noted with over 15.16 million shares traded, against a 100-day average of 17.031 million. Analysts have mixed ratings on HOOD, with an average 12-month price target of $19.67, suggesting potential upside.

Portfolio Pulse from Erica Kollmann

May 13, 2024 | 4:30 pm

RBLX

SKX

SLE

Skechers Inc. (SKX) and Super League Enterprise Inc (SLE) have partnered to launch a virtual store in Roblox Corp's (RBLX) Livetopia's Topia Mall, aiming to engage young consumers with immersive experiences. The store has seen significant engagement, with 3.4 million visits and 4 million try-ons within the first five weeks. This initiative aligns with Gen Z's preferences for shopping in the metaverse, as indicated by a Roblox survey.

Portfolio Pulse from Shivani Kumaresan

May 13, 2024 | 4:00 pm

AAPL

EWG

EWJ

EWQ

FXI

Apple is planning its first international sale of the Vision Pro, targeting markets in China, Japan, France, and Germany, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:19 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for May 13th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on a proprietary formula. It includes specific price levels for potential breakouts or reversals and mentions upcoming economic events and a new product presentation by OpenAI.

Portfolio Pulse from RIPS

May 13, 2024 | 2:53 pm

SKX

SLE

Super League (NASDAQ:SLE) partners with Skechers (NYSE:SKX) and Century Games to open its first virtual store in Livetopia's Topia Mall on Roblox. This collaboration aims to engage young consumers by bringing the Skechers brand to life in an immersive experience.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:03 pm

DIA

GME

SPY

Arm plans to launch AI chips in 2025, boosting anticipation in the tech sector. GameStop shares increase as 'Roaring Kitty', a key figure in the stock's previous rallies, returns to social media. Major indexes, including the Dow Jones and S&P 500, open higher, indicating a positive market sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:51 pm

PDD

The Wall Street Journal reported that Temu, after investing billions, is cooling off on its expansion efforts in the U.S. market. This strategic shift could indicate a reassessment of its aggressive growth plans in the face of various challenges. PDD Holdings, Temu's parent company, may experience implications from this decision.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:42 pm

BBY

GPRO

GoPro, Inc. (GPRO) has announced a significant retail expansion at Best Buy (BBY), featuring new product displays, an assisted sales program, and comprehensive in-store and digital marketing efforts to enhance the GoPro customer experience.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:17 pm