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WKSP

Ford Motor (NYSE:F) and General Motors (NYSE:GM) exceeded first quarter earnings estimates with strong sales of internal-combustion engine vehicles, particularly trucks, despite losses in their EV divisions. Worksport Ltd (NASDAQ:WKSP) announced a significant partnership with Chief of Chaos to drive growth for its innovative truck accessories, including the SOLIS solar-powered tonneau cover and COR portable battery system, with potential OEM interest from companies like Hyundai. Ford's EV division reported substantial losses, highlighting the challenges of transitioning to electric vehicles.

Portfolio Pulse from Upwallstreet

May 02, 2024 | 2:46 pm

BABA

BEKE

BIDU

BILI

FUTU

PDD

US-listed Chinese stocks are experiencing an uptick in trading, attributed to the commencement of the Labor Day Golden Week, recent Federal Reserve decisions, and robust delivery reports from electric vehicle (EV) manufacturers.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 2:22 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

The Market Clubhouse Morning Memo for May 2nd, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, and META, based on a proprietary formula considering price, volume, and options flow. It outlines potential price targets for bulls and bears, emphasizing the importance of monitoring these stocks for breakouts or reversals. The memo also highlights key economic data releases and auctions that could impact market liquidity and mentions Apple's earnings release as a significant event for market dynamics.

Portfolio Pulse from RIPS

May 02, 2024 | 2:20 pm

CMI

Cummins CEO announced during a conference call that the company is increasing its forecast for heavy-duty trucks in North America to 255,000-275,000 units for 2024, but expects a softening in demand in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 2:16 pm

IDAI

Trust Stamp (NASDAQ:IDAI) has received an allowance notification for a new utility patent titled 'Personal Identifiable Information Encoder', expanding its AI-powered patent portfolio into data protection. This addition strengthens Trust Stamp's intellectual property, with 20 allowed and issued patents and 13 more pending. The patent is significant for its potential in enhancing security against cyber-attacks and improving privacy through tokenized data storage and sharing, aligning with privacy laws like GDPR.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 2:01 pm

AAPL

Apple Inc. is set to release its Q2 earnings after the market closes on May 2, with analysts forecasting an earnings per share of $1.50, up from $1.42 the previous year, and revenue of $90.01 billion, up from $88.5 billion. The company has faced issues with iPhone alarms not sounding. Shares dropped 0.6% to $169.30 recently. Analysts from Citigroup, Maxim Group, Loop Capital, Barclays, and B of A Securities have provided various ratings and price targets for Apple's stock.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 1:52 pm

ALLR

EBS

FSLY

SGBX

VSTS

XPEL

U.S. stocks traded higher with the Nasdaq Composite surging over 100 points. Kellanova reported better-than-expected Q1 financial results, with a sales decline of 4.3% year-on-year to $3.20 billion, surpassing analyst estimates. Allarity Therapeutics, Emergent BioSolutions, and Safe & Green Holdings saw significant stock price increases following positive news, while Fastly, Vestis Corporation, and XPEL experienced substantial declines after reporting disappointing financial results.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 1:52 pm

ACN

Accenture (NYSE:ACN) is set to acquire SOKO, a leading Brazilian creative agency, to enhance its creative and brand experience capabilities in Brazil. SOKO will join Droga5 São Paulo, part of Accenture Song, aiming to deepen the agency's influence in Brazil. The acquisition, terms of which were not disclosed, is subject to regulatory approvals. SOKO is recognized for its innovation, creativity, and impact in brand storytelling, and its integration into Droga5 São Paulo is expected to strengthen Accenture Song's market position.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:34 pm

KSCP

Knightscope has achieved a significant milestone by deploying its K5 GOV autonomous security robot with the U.S. Department of Veterans Affairs. This marks the company's entrance into the federal sector, highlighting its innovation in public safety.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:30 pm

CURI

Curiosity, Inc. (CURI) and Estrella MediaCo have announced a partnership to launch Spanish-language FAST channels on Samsung TV Plus. This collaboration aims to expand their content offerings and reach a broader Spanish-speaking audience. The move is expected to enhance viewer engagement and potentially increase advertising revenue for both companies.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:27 pm