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SBUX

Starbucks and Workers United are resuming union negotiations amid challenges such as declining sales and staffing issues. CEO Laxman Narasimhan acknowledged the need for store improvements and better working conditions, aligning with union demands. Starbucks plans to introduce new systems and open its mobile app to non-rewards members to boost traffic.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 3:35 pm

AIFD

MU

SHOC

Micron Technology (NASDAQ: MU) plans to build a new DRAM factory in Hiroshima by 2026, with operations starting by 2027. The company will invest 800 billion yen in the facility. Micron has increased its 2024 capital expenditure to $8 billion and expects significant growth in its HBM business by 2025. Analysts are optimistic about Micron's future due to strong DRAM pricing and increased AI exposure. Micron's stock has gained 81% in the last 12 months. Investors can also gain exposure through ETFs like AIFD and SHOC.

Portfolio Pulse from Anusuya Lahiri

May 28, 2024 | 3:32 pm

PBR

Petrobras' stock rose following the appointment of Magda Chambriard as the new CEO. Chambriard emphasized the importance of exploring Brazil's Equatorial Margin for oil reserves, despite environmental challenges. Petrobras' recent Q1 FY24 sales and earnings missed expectations.

Portfolio Pulse from Lekha Gupta

May 28, 2024 | 3:23 pm

AMD

INTC

MU

NVDA

ORCL

SMCI

TSM

Nvidia shares surged after reports that Elon Musk's xAI plans to build a supercomputer using Nvidia chips. The supercomputer, expected to be operational by fall 2025, will be at least four times the size of the largest existing GPU clusters. Other chip stocks, including AMD, Micron, Intel, TSM, and Super Micro Computer, also saw movement. Nvidia's recent earnings beat estimates, and the company announced a 10-for-1 stock split and a 150% dividend increase.

Portfolio Pulse from Adam Eckert

May 28, 2024 | 3:07 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for May 28th, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key support and resistance levels for each asset, offering both bullish and bearish scenarios. Traders are advised to monitor these levels closely and adjust their strategies accordingly. The memo also highlights important economic indicators and events that could impact market volatility today.

Portfolio Pulse from RIPS

May 28, 2024 | 3:00 pm

AMZN

INNPF

Innocan Pharma Corp. (OTCQB:INNPF) reported a 334% year-over-year revenue increase to $6.8 million for Q1 2024, despite a net loss of $1.5 million. The revenue growth was driven by strong sales from its subsidiary BI Sky Global Ltd. Increased expenses, particularly from Amazon platform commissions, contributed to the net loss.

Portfolio Pulse from Patricio Liddle

May 28, 2024 | 2:57 pm

EXPI

ONL

RDFN

VNQ

XLRE

U.S. home prices hit an all-time high in March 2024, with the S&P CoreLogic Case-Shiller 20-city home price index rising by 7.4% year-on-year. This marks the highest annual growth rate since October 2022. The Real Estate Select Sector SPDR Fund (XLRE) and the Vanguard Real Estate ETF (VNQ) rose 0.8%, while Redfin Corp. (RDFN), eXp World Holdings, Inc. (EXPI), and Orion Office REIT Inc. (ONL) saw significant stock gains.

Portfolio Pulse from Piero Cingari

May 28, 2024 | 2:56 pm

AMD

AMD shares are trading higher after the company reportedly claimed it is reaching a 33% share in the server CPU market.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:50 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is expected to launch its first OLED MacBook Pro model in 2026, according to a report by Omdia. The demand for OLED displays in mobile PCs is projected to grow significantly, with Apple’s move potentially driving a surge in the notebook market.

Portfolio Pulse from Rounak Jain

May 28, 2024 | 2:48 pm

SMLR

Semler Scientific, Inc. (NASDAQ:SMLR) has adopted Bitcoin as its primary treasury reserve asset and purchased 581 Bitcoins for $40 million, including fees and expenses.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 2:38 pm