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GME

KWEB

PGJ

TLT

TME

Tech stocks saw a slight increase ahead of key inflation data, with GameStop experiencing a significant surge due to social media activity. The S&P 500 remained stable, while the Nasdaq 100 and Russell 2000 posted gains. Treasury yields dipped slightly, benefiting the iShares 20+ Year Treasury Bond ETF. Meme stocks rallied, notably GameStop, driven by 'Roaring Kitty's' return. Tencent's revenue beat spurred a rally in Chinese stocks, positively impacting related ETFs. The commodities market saw mixed movements, with oil up and gold down.

Portfolio Pulse from Piero Cingari

May 13, 2024 | 5:47 pm

MITK

N-iX is partnering with Mitek Systems to integrate its technology into their offerings, aiming to enhance fraud prevention services for their clients. This collaboration is expected to leverage Mitek's advanced verification and mobile deposit technology to bolster security measures.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 5:47 pm

MSFT

OpenAI's CTO announced that the GPT-4 model will include capabilities for processing text, audio, and images, expanding its utility across various applications.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 5:12 pm

AMZN

GME

RETL

TGT

WMT

Direxion Daily Retail Bull 3X Shares (RETL) experienced a surge of about 10% on Monday, influenced by the significant rise in GameStop Corporation (GME) stock, which jumped about 65%. This movement is attributed to Keith Gill's reappearance on social media. RETL, which includes a 1.2% weighting of GME among other retail stocks, offers traders and investors a diversified option to capitalize on GameStop's momentum. RETL is a triple-leveraged ETF aiming to outperform the S&P Retail Select Industry Index by 300%, including holdings like Amazon.com, Inc (AMZN), Target Corp (TGT), and Walmart, Inc (WMT).

Portfolio Pulse from Melanie Schaffer

May 13, 2024 | 5:03 pm

MSFT

OpenAI's Spring Update Event has started, with CTO Mira Murati announcing the launch of a desktop version of ChatGPT and the release of a new model named GPT-4O. This development could signify a significant step forward in AI technology and its applications.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 5:03 pm

AAPL

Apple News+ has launched 'Quartiles', a new original spelling game, and an offline mode feature for its subscribers. These new additions aim to enhance the user experience and provide more value to News+ subscribers, making the service more attractive and engaging.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 5:02 pm

BLK

Anthony Scaramucci, founder of SkyBridge Capital and former Trump ally, predicts Bitcoin will reach $150,000, citing its current asset composition in SkyBridge and recent ETF adoptions by firms like Blackrock Inc (BLK). He compares the current crypto environment to the early internet era, expecting Bitcoin's user base to expand significantly. Scaramucci's bullish stance is reinforced by his firm's resilience through various market downturns and the FTX collapse. He also mentions his upcoming book detailing his experiences.

Portfolio Pulse from Aaron Bry

May 13, 2024 | 5:02 pm

GOOG

GOOGL

Ahead of Google I/O, BofA analyst Justin Post maintains a Buy rating on Alphabet (GOOG, GOOGL) with a $200 price target, anticipating significant AI announcements. The event will showcase AI integration across Google's ecosystem, including search and mobile technologies. Post expects new features and capabilities powered by Gemini and SGE, highlighting AI's role in enhancing Google's app ecosystem, search results, and mobile capabilities. Despite recent hardware launches, AI-driven features and potential new announcements, like the Pixie digital assistant, are in focus. The event could also spotlight Android 15 and other platform enhancements, amid Google's AI advancements and negotiations with Apple for a Gemini licensing deal.

Portfolio Pulse from Anusuya Lahiri

May 13, 2024 | 5:01 pm

NYAX

Nayax Ltd. announced a strategic partnership with Slovakia's ASO Vending to install thousands of Nayax's Onyx contactless card readers on vending machines across Slovakia, significantly increasing Nayax's active devices in the country. The devices will be financed through Nayax Capital, with support from Jimark, Nayax's approved distributor in Slovakia and the Czech Republic.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:57 pm

TWST

Twist Bioscience's stock is trading higher following the announcement of the launch of Twist Multiplexed Gene Fragments, indicating positive market reception to the new product.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:51 pm