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HOOD

Financial giants have shown a bullish trend in options trading for Robinhood Markets (NASDAQ:HOOD), with 10 call trades valued at $465,794 and 2 put trades valued at $70,550. The stock price is currently $24.45, up 2.11%, with a consensus target price of $22.0. Analysts have mixed ratings, ranging from Outperform to Underweight.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 4:46 pm

XPEV

XPeng Inc (NYSE:XPEV) shares are trading higher by 4.8% to $8.77 following China's announcement of a lower-than-expected GDP growth of 4.7% for Q2. The economic report indicates a slowdown in retail sales growth and rising unemployment, which can reduce consumer confidence and impact car sales. Deflationary pressures are also leading to price cuts on goods, including cars, potentially squeezing profit margins for XPeng.

Portfolio Pulse from Henry Khederian

July 16, 2024 | 4:45 pm

AMD

SMH

VUG

AMD has unveiled its new AI PC architecture with Ryzen AI chips, featuring a neural processing unit (NPU) that significantly enhances AI workload efficiency. The announcement was made at Computex and further detailed in Los Angeles. AMD's stock has gained 52% in the last 12 months, and investors can gain exposure through Vanguard Growth ETF (VUG) and VanEck Semiconductor ETF (SMH).

Portfolio Pulse from Anusuya Lahiri

July 16, 2024 | 4:45 pm

GME

KOSS

Koss Corporation (NASDAQ:KOSS) shares are climbing on heavy trading volume, driven by retail investor speculation and social media activity. Despite a lack of company-specific news, Koss remains up over 150% in the past month. The stock is trading above its 50-day moving average, with significant short interest.

Portfolio Pulse from Erica Kollmann

July 16, 2024 | 4:44 pm

BTCUSD

DIA

NFLX

QQQ

RUM

SPY

Senator J.D. Vance has been selected by former President Donald Trump as his running mate for the 2024 presidential election. Vance, known for his memoir 'Hillbilly Elegy' and his venture capital background, has investments in various companies and ETFs, including Netflix, Rumble Inc, and several major ETFs. He is also a Bitcoin holder and a vocal proponent of cryptocurrency.

Portfolio Pulse from Chris Katje

July 16, 2024 | 4:38 pm

ONVO

Organovo Holdings, Inc. (ONVO) has been granted U.S. Patent #12037603 for its methods in tissue fabrication. This patent strengthens Organovo's intellectual property portfolio and could enhance its competitive position in the bioprinting industry.

Portfolio Pulse from charles@benzinga.com

July 16, 2024 | 4:34 pm

WKHS

Workhorse Group shares are trading higher after the company was awarded a Sourcewell contract for procurement in the category of Class 4-8 chassis and cabs with related equipment, accessories, and services.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 4:31 pm

DIS

DKNG

The 2024-2025 NCAA Football season will feature an expanded 12-team playoff, with ESPN (Disney) covering the games. DraftKings has released betting odds, with Georgia as the favorite. EA Sports released 'EA Sports College Football 25,' which has seen strong demand. The game ranks Georgia, Ohio State, and Oregon as top teams, potentially influencing betting decisions.

Portfolio Pulse from Chris Katje

July 16, 2024 | 4:19 pm

CHWY

GME

GameStop Corp (NYSE:GME) shares are trading higher, adding to gains of nearly 14% over the past week. The stock is trending on social media due to high short interest and the return of meme stock trader Keith Gill. Gill's recent activities have increased volatility in GameStop and other retail stocks. He also disclosed a 6.6% stake in Chewy Inc (NYSE:CHWY), founded by GameStop CEO Ryan Cohen.

Portfolio Pulse from Adam Eckert

July 16, 2024 | 4:06 pm

FXD

SKX

XMMO

Skechers USA Inc. (NYSE:SKX) has filed a lawsuit against LL Bean for allegedly copying its shoe designs. The lawsuit, filed in Manhattan federal court, claims LL Bean's Freeport casual shoes infringe on Skechers' patented heel cup designs. Skechers seeks unspecified damages and aims to halt the sales of the infringing shoes. The outcome could impact the footwear industry's approach to design patents and market entry strategies. Skechers stock has gained over 26% in the last 12 months, and investors can gain exposure via First Trust Consumer Discretionary AlphaDEX Fund (NYSE:FXD) and Invesco S&P Midcap Momentum ETF (NYSE:XMMO).

Portfolio Pulse from Shivani Kumaresan

July 16, 2024 | 3:59 pm