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Crypto bettors on Polymarket predict a 76% chance of former President Donald Trump being found guilty in his New York criminal trial related to falsifying business records. The market has seen over $77,000 in bets. Another market predicts only a 14% chance of Trump being jailed before the 2024 election. Polymarket allows users to bet using cryptocurrencies like MATIC, USDC, and ETH.

Portfolio Pulse from Chris Katje

May 29, 2024 | 3:22 pm

ANF

Abercrombie & Fitch CEO Fran Horowitz discussed the current state of the retail industry on CNBC, highlighting the company's strategies and market conditions.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 3:21 pm

MSFT

Microsoft is integrating Bing Maps for Enterprise with Azure Maps, and will retire Bing Maps for Enterprise. This move aims to enhance mapping services for enterprise customers by leveraging Azure's capabilities.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 3:20 pm

WBA

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) shares are down over 3% following the company's announcement to lower prices on over 1,300 products and introduce new promotional campaigns. Despite these efforts, concerns over the profitability of Walgreens' healthcare model, highlighted by a $6 billion loss reported by VillageMD, are impacting investor sentiment.

Portfolio Pulse from Nabaparna Bhattacharya

May 29, 2024 | 3:13 pm

MU

NVDA

QCOM

SMH

SOXX

The semiconductor industry is experiencing a surge, with key players like Nvidia, Micron, and Qualcomm driving semiconductor-tracking ETFs such as SMH and SOXX to new 52-week highs. Factors like robust demand, supply chain improvements, and technological advancements are fueling this rally.

Portfolio Pulse from Surbhi Jain

May 29, 2024 | 3:08 pm

BX

Investors have taken a bearish stance on Blackstone (NYSE:BX), with significant options trades indicating a potential price range of $115.0 to $125.0. The sentiment is predominantly bearish, with 66% of the trades being puts. Blackstone's stock is currently down by 3.32%, trading at $117.18.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 3:01 pm

OILFF

Nextleaf Solutions Ltd. reported a 57% year-over-year increase in net revenue for Q2 2024, reaching CA$3.4 million. The company also saw a significant improvement in gross profit and margins, despite a reported loss due to non-cash share-based compensation expenses. Nextleaf continues to expand its product offerings and market reach.

Portfolio Pulse from Jelena Martinovic

May 29, 2024 | 3:00 pm

WOR

Worthington Enterprises has signed agreements with Hexagon Composites to acquire Hexagon Ragasco and form a joint venture for a sustainability energy solutions business segment.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:58 pm

NVDA

TGT

TLNE

This week's investment insights cover Talen Energy's restructuring and sale of its datacenter business to Amazon, Nvidia's impressive earnings and stock split announcement, Target's weak sales amidst inflation, the authenticity of companies' ESG commitments, and worsening commercial real estate issues.

Portfolio Pulse from Gary Brode

May 29, 2024 | 2:57 pm

COP

ConocoPhillips has decided not to participate in the Alaska LNG project but is open to selling gas to the project's developer.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:49 pm