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SPY

Director of the National Economic Council, Brainard, stated that preparing taxes should not be expensive and anticipates the Direct File system to become more accessible.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 3:26 pm

CEG

ELV

HWM

LUMN

SOUN

Benzinga's Stock Whisper Index highlights five stocks: Elevance Health, Constellation Energy Corp, SoundHound AI, Howmet Aerospace, and Lumen Technologies. These stocks are identified for their potential as undervalued or emerging opportunities. Elevance Health reported a revenue increase and raised its full-year earnings guidance. Constellation Energy beat EPS estimates but missed on revenue, with shares reaching new highs. SoundHound AI reported a significant revenue increase and beat EPS estimates. Howmet Aerospace also reported higher revenue and raised its full-year guidance. Lumen Technologies, despite a share price drop, highlighted progress in its turnaround strategy.

Portfolio Pulse from Chris Katje

May 10, 2024 | 3:11 pm

LOT

TSLA

Lotus Technology Inc. (LOT) has seen its stock rally over 40% in the last two weeks, driven by speculation around the exercise of warrants to raise up to $173 million. Despite a rocky start post-SPAC merger, Lotus, backed by Geely, is gaining investor interest amid its positioning in the luxury EV market and its first significant revenue report in 2023. Tesla (TSLA) is also mentioned in comparison to Lotus's financials and market positioning.

Portfolio Pulse from The Bamboo Works

May 10, 2024 | 3:06 pm

FXI

SPY

The Biden Administration is reportedly planning to increase tariffs on clean-energy goods from China, including a significant hike on Chinese electric vehicles, which would see tariffs roughly quadruple, according to the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 3:05 pm

LIDR

AEye Inc (NASDAQ:LIDR) shares surged 75% to $2.06 after announcing a partnership with LITEON Technology Corporation to supply 4Sight™-based lidar products to automotive OEMs, leveraging LITEON's expertise in automotive electronics.

Portfolio Pulse from Henry Khederian

May 10, 2024 | 2:52 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for May 10th, 2024, provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It offers detailed analysis for each asset, suggesting potential bullish and bearish price levels. Additionally, the memo highlights the importance of upcoming U.S. economic data releases and Federal Reserve members' speeches, advising traders to stay vigilant.

Portfolio Pulse from RIPS

May 10, 2024 | 2:51 pm

AEMD

BMY

MRK

Aethlon Medical Inc (NASDAQ:AEMD) announced positive results from an in vitro study of its Hemopurifier in removing extracellular vesicles from plasma, a key step ahead of its planned phase 1 oncology trials in Australia and India. The Hemopurifier aims to treat patients with solid tumors under anti-PD-1 monotherapy, including treatments like Merck & Co Inc's (NYSE:MRK) Keytruda and Bristol-Myers Squibb Co's (NYSE:BMY) Opdivo. AEMD shares rose 6.11% following the announcement.

Portfolio Pulse from Vandana Singh

May 10, 2024 | 2:46 pm

BYDDF

STLA

TSLA

VWAGY

BYD Co Ltd, backed by Warren Buffett, aims to become the leading battery-electric vehicle (BEV) seller in Europe, surpassing Volkswagen AG, Tesla Inc., and Stellantis NV. The company plans significant investments in factories, dealerships, and marketing in Europe, including a budget model priced under €20,000. Despite a 42% drop in electric vehicle deliveries in Q1 2024, BYD's market share in Western Europe was 1.7%. The company is constructing a new factory in Hungary and scouting locations for a second plant.

Portfolio Pulse from Benzinga Neuro

May 10, 2024 | 2:41 pm

GBTC

Digital Currency Group (DCG) reported an 11% revenue increase in Q1 2024, reaching $229 million despite challenges with its Grayscale Bitcoin Trust (GBTC). Grayscale's revenue was flat at $156 million due to outflows after converting GBTC into a spot ETF, facing competition with lower fees. DCG's other subsidiaries, Foundry and Luno, saw revenue increases of 35% and 46%, respectively. Grayscale is adjusting by filing for a new Bitcoin ETF with lower fees, pending SEC approval.

Portfolio Pulse from Murtuza Merchant

May 10, 2024 | 2:32 pm

TGT

VDC

XLP

Target Corp (NYSE:TGT) has decided to limit the sale of LGBTQ-themed products in certain stores during Pride Month, opting instead to offer the full range online. This decision follows a backlash that affected its revenue, with the company moving Pride displays to less prominent locations in some Southern stores last year. Target's approach aims to balance customer feedback and market research. Despite challenges, including a wave of anti-LGBTQ legislation, Target remains committed to supporting the LGBTQ+ community. The company reported a 1.7% revenue growth in Q4 FY23. Target's stock, part of ETFs like Vanguard Consumer Staples ETF (NYSE:VDC) and Consumer Staples Select Sector SPDR Fund (NYSE:XLP), has risen over 4% in the last 12 months.

Portfolio Pulse from Shivani Kumaresan

May 10, 2024 | 2:10 pm