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CCL

NCLH

RCL

Major cruise operators like Royal Caribbean, Carnival, and Norwegian Cruise Line are cutting summer cruise prices despite high demand. This is due to increased capacity and rerouting from conflict zones. Older ships are being discounted as newer vessels enter the market.

Portfolio Pulse from Shivani Kumaresan

May 30, 2024 | 5:40 pm

FAA Administrator Mike Whitaker announced that the production of Boeing 737 Max will remain limited until the FAA is satisfied with the aircraft's safety. This decision could impact Boeing's production schedule and financial performance.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:36 pm

The FAA Administrator held a news conference after meeting with Boeing's CEO. The discussion likely focused on regulatory and safety issues concerning Boeing's aircraft.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:34 pm

HRB

INTU

The IRS is launching a free online tax filing program available to all states, which could impact companies like H&R Block and Intuit that offer paid tax filing services.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 5:31 pm

AMZN

GOOGL

VCR

WMT

XLY

Amazon's Prime Air has received FAA clearance to operate drones beyond the visual line of sight (BVLOS), marking a significant milestone in its drone delivery expansion. This approval allows Amazon to serve more customers with faster delivery options, particularly in densely populated areas. The company plans to integrate drone deliveries into its broader network later this year. Amazon's stock has gained over 48% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

May 30, 2024 | 5:27 pm

DDOG

Bank of America analyst Koji Ikeda upgraded DataDog Inc (NASDAQ:DDOG) from Neutral to Buy, raising its price target from $143 to $155. Ikeda views DataDog as a high-quality large-cap stock with significant growth potential, driven by its robust platform and AI capabilities. The upcoming AI conference DASH is seen as a catalyst for further growth.

Portfolio Pulse from Hayden Buckfire

May 30, 2024 | 5:20 pm

SONY

Sony's PlayStation 5 (PS5) has become the company's most profitable console generation, generating $106 billion in sales since its launch. This surpasses the sales pace of previous consoles, including the PlayStation 4 (PS4). The PS5 is expected to exceed the PS4's total sales later this year.

Portfolio Pulse from Franca Quarneti

May 30, 2024 | 5:19 pm

VDC

WMT

XLP

Walmart Inc (NYSE:WMT) experienced a significant technical glitch in its self-checkout systems, leading to widespread mispricing across 1,600 stores. The issue caused both overcharges and undercharges, affecting many customers. Legal experts suggest potential violations of consumer protection laws. Walmart's stock has gained over 33% in the last 12 months, and investors can access it via the Consumer Staples Select Sector SPDR Fund (NYSE:XLP) and Vanguard Consumer Staples ETF (NYSE:VDC).

Portfolio Pulse from Shivani Kumaresan

May 30, 2024 | 5:12 pm

DIS

DKNG

MSGS

LeBron James and his son Bronny James are key storylines for the 2023-2024 NBA offseason. Bronny James is a top NBA Draft prospect, and his selection could influence where LeBron plays next season. The NBA Draft will be televised by ABC and ESPN, units of Walt Disney Co (NYSE:DIS). DraftKings Inc (NASDAQ:DKNG) has released betting odds for which teams might draft Bronny and where LeBron might play. Madison Square Garden Sports Corp (NYSE:MSGS) could see stock movement if the New York Knicks land either James.

Portfolio Pulse from Chris Katje

May 30, 2024 | 4:57 pm

SPY

USO

OPEC+ is discussing extending some oil output cuts expiring in 2024 into 2025. This extension will likely be on top of voluntary cuts into Q3-Q4 of 2024 and will be conditional on agreeing individual member output capacity figures later in 2024.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:54 pm