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AMC

BABA

GME

RIVN

TSLA

GameStop and AMC stocks surged significantly, influenced by a social media post from Keith Gill, known as "Roaring Kitty." Alibaba's shares rose ahead of its earnings report, highlighted by a Goldman Sachs analyst. Rivian's stock increased following a positive revenue report and maintained production forecast. Tesla's shares grew after approval for a new megafactory project in China. The movements in these stocks reflect various factors, including social media influence, earnings anticipation, and strategic corporate developments.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 1:39 am

SHFS

Safe Harbor Financial Services, Inc. (NASDAQ:SHFS) reported a 245% YoY increase in Q1 net income to $2.0 million, up from a net loss of $1.4 million. Revenue slightly decreased to $4.1 million from $4.2 million, while gross profit turned positive to $325,000 from a gross loss of $1.6 million. Operating expenses dropped 35.8% to $3.7 million, and adjusted EBITDA rose 165.3% to $1.1 million. The company's loan book and income significantly increased, with notable loans originated for cannabis facilities. Safe Harbor anticipates increased capital flow with potential cannabis reclassification.

Portfolio Pulse from Nicolás Jose Rodriguez

May 13, 2024 | 11:35 pm

GME

NFLX

SONY

GameStop Corp (NYSE:GME) stock soared 74.40% to $30.45 after 'Roaring Kitty' returned to social media, marking a significant increase since the release of 'Dumb Money', a film based on the GameStop saga. The film, released by Sony Group Corp (NYSE:SONY) and later streamed on Netflix Inc (NASDAQ:NFLX), contributed to a renewed interest in GameStop, with the stock hitting new 52-week highs. An investment of $1,000 in GME at the time of the movie's release would be worth $1,687.12 today, outperforming the SPDR S&P 500 ETF Trust's return.

Portfolio Pulse from Chris Katje

May 13, 2024 | 11:34 pm

AMC

BUZZ

GME

SFYF

STCE

Keith Gill, known as 'Roaring Kitty', has returned to social media, sparking a surge in meme stocks like GameStop and AMC. This resurgence highlights the ongoing influence of individual investors in driving meme stock phenomena. ETFs like Schwab Crypto Thematic ETF, SoFi Social 50 ETF, and VanEck Vectors Social Sentiment ETF offer avenues for investors to engage with this trend.

Portfolio Pulse from Piero Cingari

May 13, 2024 | 10:21 pm

NVDA

RXRX

Recursion Pharmaceuticals, Inc. (RXRX) experienced a 10.2% stock surge following the announcement of completing its Nvidia-powered AI supercomputer, BioHive-2. This development, highlighting a significant advancement in AI-driven drug discovery, has sparked investor optimism, reflecting positively on RXRX's market performance.

Portfolio Pulse from Vaishali Prayag

May 13, 2024 | 8:51 pm

RUM

Rumble Inc (NASDAQ:RUM) is set to report its Q1 financial results, with analysts expecting a revenue of $18.27 million and a loss of 19 cents per share. The company has had mixed success in beating revenue and earnings estimates in the past. Key focuses include the performance of Rumble's advertising and monetization platforms, the launch of Rumble Cloud, and potential impacts from the 2024 election. Rumble's stock has seen significant fluctuations but has risen over 50% YTD in 2024.

Portfolio Pulse from Chris Katje

May 13, 2024 | 8:33 pm

ABAT

BHP

CLF

NUE

STLD

American Battery Technology commercializes its recycling tech in Reno, Nevada, exceeding capacity expectations with support from U.S. grants and tax credits. BHP's $42B bid for Anglo American is rejected, aiming to increase copper exposure. Cleveland-Cliffs supports tariffs on Japanese tin products, emphasizing U.S. steel industry protection. Steel Dynamics announces a Q2 cash dividend, and Nucor's EVP retires, succeeded by Randy J. Spicer.

Portfolio Pulse from austin@walkonholdings.com

May 13, 2024 | 8:32 pm

VXRT

Vaxart, Inc. (NASDAQ:VXRT) reported Q1 financial results with a loss of 14 cents per share, aligning with analyst estimates. However, quarterly sales of $2.181 million significantly exceeded expectations, marking a 223.11% increase year-over-year. The company is advancing its clinical programs, including a Phase 2b study for its oral COVID-19 vaccine and discussions with the FDA regarding its norovirus vaccine candidate. Shares surged 12.24% after-hours following a 16.31% increase during regular trading.

Portfolio Pulse from Erica Kollmann

May 13, 2024 | 8:30 pm

LTRY

Lottery.com Inc. (NASDAQ:LTRY) has partnered with Cohen & Company Capital Markets to accelerate its global expansion and acquisition strategy. This move is supported by a $150 million loan facility from United Capital Investments Limited and aims to enhance Lottery.com's product offerings and market reach through strategic acquisitions.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:28 pm

WULF

TeraWulf announced it is on track to reach approximately 10.2 EH/s in hashing power by Q3 2024 and plans to expand to about 13.3 EH/s by Q1 2025.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:26 pm