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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Bumble Inc. has withdrawn its anti-celibacy ad campaign due to backlash, promising to remove the ads and donate to the National Domestic Violence Hotline and other organizations.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

GOOG

GOOGL

RUM

Rumble (NASDAQ:RUM) has filed a lawsuit against Google (NASDAQ:GOOGL) (NASDAQ:GOOG), seeking over $1 billion in damages for alleged monopolistic practices in digital advertising. Rumble accuses Google of monopolizing the ad stack, striking deals to prevent competition, and unfairly prioritizing YouTube over Rumble in search results. This legal action follows previous lawsuits against Google for similar issues.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 6:00 am

DOGEUSD

KITTY

ROAR

The resurgence of 'Roaring Kitty' has sparked a significant rally in cat-themed meme coins, with ROAR leading the surge at 545% and other related coins also experiencing notable gains. This phenomenon highlights the volatile and speculative nature of meme coins, driven by social media buzz rather than fundamentals.

Portfolio Pulse from Aniket Verma

May 14, 2024 | 5:56 am

AMC

BABA

GME

RIVN

TSLA

GameStop and AMC stocks surged significantly, influenced by a social media post from Keith Gill, known as "Roaring Kitty." Alibaba's shares rose ahead of its earnings report, highlighted by a Goldman Sachs analyst. Rivian's stock increased following a positive revenue report and maintained production forecast. Tesla's shares grew after approval for a new megafactory project in China. The movements in these stocks reflect various factors, including social media influence, earnings anticipation, and strategic corporate developments.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 1:39 am

GME

NFLX

SONY

GameStop Corp (NYSE:GME) stock soared 74.40% to $30.45 after 'Roaring Kitty' returned to social media, marking a significant increase since the release of 'Dumb Money', a film based on the GameStop saga. The film, released by Sony Group Corp (NYSE:SONY) and later streamed on Netflix Inc (NASDAQ:NFLX), contributed to a renewed interest in GameStop, with the stock hitting new 52-week highs. An investment of $1,000 in GME at the time of the movie's release would be worth $1,687.12 today, outperforming the SPDR S&P 500 ETF Trust's return.

Portfolio Pulse from Chris Katje

May 13, 2024 | 11:34 pm

NTES

NetEase Inc issued an apology for the 'excessively restrictive terms' in the Marvel Rivals game content creator contracts, which banned creators from making negative reviews. The backlash came to light after streamer Brandon Larned criticized the clause. NetEase plans to revise the contract to support creators' freedom of expression better.

Portfolio Pulse from Franca Quarneti

May 13, 2024 | 8:03 pm