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BATT

CPER

LAC

LIT

MP

PLL

WBAT

The growing adoption of hybrid electric vehicles (HEVs) is set to impact the demand for key raw materials like lithium, rare earths, copper, and aluminum. While lithium and rare earths may see a decline in demand due to lower battery electric vehicle (BEV) sales, copper demand is expected to rise. ETFs such as LIT, BATT, WBAT, and CPER, along with companies like Lithium Americas Corp, Piedmont Lithium Inc, and MP Materials Corp, are directly affected by these shifts.

Portfolio Pulse from Surbhi Jain

May 29, 2024 | 6:47 pm

ARGX

BHVN

IMVT

Biohaven Ltd's (NYSE:BHVN) shares dropped significantly after interim data from a Phase 1 study of their investigational drug BHV-1300 fell short of investor expectations. The drug showed a 30% and 37% reduction in Immunoglobulin G (IgG) in the 3rd and 4th cohorts, respectively, which was below the anticipated 60% reduction. Comparatively, Immunovant Inc's (NASDAQ:IMVT) IMVT-1402 showed better results, and Argenx Inc's (NASDAQ:ARGX) Vyvgart demonstrated a 50% reduction in IgG within five to seven days.

Portfolio Pulse from Vandana Singh

May 29, 2024 | 6:47 pm

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares plummeted after disappointing FY23 sales results and Nasdaq compliance issues. The company missed sales estimates, withdrew its production target guidance, and received a Nasdaq notice for failing to file a timely 10-Q report. Despite these setbacks, Faraday Future plans to unveil a new strategy and ramp up production of its FF 91 vehicle.

Portfolio Pulse from Vaishali Prayag

May 29, 2024 | 6:43 pm

WMT

Walmart shares saw increased trading volume as reports circulated that incorrect prices were charged at 1,600 stores for several days.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 6:34 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) is set to report its Q3 earnings on May 30. Analysts expect revenue of $58.07 billion and EPS of $3.70. Key items to watch include foot traffic data, potential membership fee increases, and market share gains. Analysts have given mixed ratings but generally positive price targets.

Portfolio Pulse from Chris Katje

May 29, 2024 | 6:33 pm

V

Financial giants have shown significant interest in Visa's options, with a mix of bullish and bearish trades. The price range for Visa is predicted to be between $240.0 and $290.0. Visa's stock is currently down by 0.13% at $270.64, with RSI indicators suggesting it may be overbought. Analysts have mixed ratings, with an average target price of $298.5.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 6:31 pm

AMC

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares are trading lower today, despite being up nearly 50% over the past month. The stock saw a spike in mid-May due to the brief return of 'Roaring Kitty' to social media. Jim Cramer recommended securing profits on AMC, and disappointing Memorial Day weekend box office results have also impacted the stock. Analysts view AMC as Neutral, with some expecting a significant fall in the stock over the next year.

Portfolio Pulse from Erica Kollmann

May 29, 2024 | 6:29 pm

LUCY

Innovative Eyewear, Inc. (NASDAQ:LUCY) shares surged over 100% following the launch of the Eddie Bauer Smart Eyewear collection, featuring the world's first rimless smart eyewear design with ChatGPT voice access.

Portfolio Pulse from Vaishali Prayag

May 29, 2024 | 6:11 pm

QQQ

The article discusses the performance of Layer 2 (L2) blockchain protocols compared to Bitcoin over the past year. Prometeus and Mantle have shown significant gains, while others like Arbitrum and Polygon have lagged. Ethereum's L2 solution, Dencun, has underperformed, leading to a shift in investor interest towards alternative blockchains.

Portfolio Pulse from Kenneth Rapoza

May 29, 2024 | 6:08 pm

CAE

CAE's SkyAlyne joint venture has been awarded a 25-year contract worth CDN$11.2 billion for Canada's Future Aircrew Training (FAcT) Program. This contract is a significant achievement for CAE and will support the modernization of Canada's defence forces.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 6:05 pm