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META

ZM

Meta is reportedly shutting down its enterprise communications business, Workplace, and is recommending Zoom-owned Workvivo as an alternative. Workvivo was acquired by Zoom in 2023.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 3:38 pm

STLA

Stellantis N.V. and Leapmotor have completed their joint venture, Leapmotor International B.V., to introduce the T03 and C10 electric vehicles in Europe, with plans for global expansion. Stellantis invested €1.5 billion for a 21% stake in Leapmotor. The venture aims to leverage Stellantis' commercial presence outside Greater China and address climate issues with competitive EV models. Operations in nine European countries are expected to start by September 2024, with expansion to other regions following.

Portfolio Pulse from Shivani Kumaresan

May 14, 2024 | 3:31 pm

DE

Recent options trading trends for Deere & Company (NYSE:DE) show a bullish stance by large investors, with a focus on trades predicting a price range of $390.0 to $420.0. Analysis of volume and open interest in Deere's options indicates significant activity, with a mix of bullish, neutral, and bearish sentiments among the trades. Deere, a leading agricultural equipment manufacturer, has seen its stock price slightly increase by 0.5% to $410.05, with an upcoming earnings announcement in 2 days.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 3:15 pm

DJT

RDDT

Trump Media & Technology Group Corp. (NASDAQ:DJT) tops Fintel's Short Squeeze Leaderboard with a score of 99.41, indicating a high potential for another short squeeze. The stock has surged 126.14% since April 16, driven by the announcement of a new streaming platform and election optimism. Despite its rapid growth, some analysts consider DJT overvalued, especially when compared to Reddit Inc. (NYSE:RDDT), which has a larger user base and revenue. DJT's short float stands at 84.61 with a days-to-cover ratio of 1.39, suggesting the stock might be ripe for another squeeze.

Portfolio Pulse from Surbhi Jain

May 14, 2024 | 3:14 pm

KDLY

KindlyMD (NASDAQ:KDLY) is set to IPO on May 15, offering shares at $5.50 each with an insider lock-up period ending on November 11, 2024. The company focuses on holistic pain management and aims to reduce opioid dependency among chronic pain patients by integrating prescription medicine with behavioral health services.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 3:00 pm

AMC

BB

GME

BlackBerry Ltd (NYSE:BB) stock is trading higher following a meme posted by Keith Gill, known as "Roaring Kitty", suggesting his renewed market focus. BlackBerry, along with GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC), saw its stock rise, benefiting from the meme stock phenomenon. Additionally, BlackBerry was recognized with the Customers’ Choice designation in the 2024 Gartner Peer Insights for UEM, marking the second consecutive year of this achievement.

Portfolio Pulse from Dylan Berman

May 14, 2024 | 2:57 pm

TLRY

Tilray Brands Inc (NASDAQ:TLRY) shares are trading higher after announcing a private debt-for-equity deal, exchanging 13.1 million shares for $19.8 million of its 5.25% Convertible Senior Notes due June 1, 2024, effectively clearing these notes from its obligations. Additionally, Tilray's subsidiary Breckenridge Brewery, in collaboration with 97.3 KBCO (iHeartMedia-Denver), announced an upcoming charity concert event.

Portfolio Pulse from Adam Eckert

May 14, 2024 | 2:54 pm

BTCUSD

ETHUSD

SOLUSD

Ethereum (ETH) has underperformed compared to Bitcoin (BTC) and Solana (SOL) over the past year, facing challenges from competition, regulatory scrutiny, and market dynamics. Despite this, positive developments such as potential for an Ethereum ETF, tokenization narratives, and L2 growth offer hope for its future. Bitcoin's acceptance in traditional finance and Solana's meme coin popularity highlight their strengths, while Ethereum must navigate SEC investigations and seek new demand sources to regain momentum.

Portfolio Pulse from Khyathi Dalal

May 14, 2024 | 2:47 pm

AAPL

CMCSA

NFLX

PKW

VOX

Comcast Corp announced the introduction of StreamSaver, a discounted streaming bundle including Apple TV+, Netflix, and Peacock, aimed at reducing subscriber churn. Available to video and broadband customers, this move comes as Comcast seeks to counteract the loss of pay-TV subscribers. The company reported a 1.2% revenue growth Y/Y in Q1, with Peacock subscribers increasing by 55%. Despite this, Comcast's stock has seen a slight decline over the past year. Investors can also gain exposure through Invesco BuyBack Achievers ETF and Vanguard Communication Services ETF.

Portfolio Pulse from Anusuya Lahiri

May 14, 2024 | 2:43 pm

PLRX

Pliant Therapeutics Inc announced positive Phase 2a trial results for bexotegrast in treating idiopathic pulmonary fibrosis, showing potential fibrosis reversal and improved lung function with no serious adverse events. PLRX shares rose 1.3%.

Portfolio Pulse from Vandana Singh

May 14, 2024 | 2:39 pm