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AFRM

COIN

CSCO

FN

MSTR

SMCI

SPY

WSM

A hedged portfolio created during Thanksgiving week last year outperformed the SPDR S&P 500 Trust ETF (SPY) by more than double over six months. The portfolio included stocks like Affirm Holdings (AFRM), Coinbase Global (COIN), Fabrinet (FN), MicroStrategy (MSTR), Super Micro Computer (SMCI), Splunk (acquired by Cisco Systems, CSCO), and Williams Sonoma (WSM). The outperformance is attributed to a new security selection method and an algorithm for optimal hedging.

Portfolio Pulse from David Pinsen

May 29, 2024 | 1:14 pm

HSDT

Helius Medical Technologies announced that its Portable Neuromodulation Stimulator (PoNS) device will now be covered by third-party reimbursement. This development is expected to improve patient access to the device and potentially increase sales.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:13 pm

VISL

Vislink has released INCAM-GV RF and 5G wireless transmitters for Grass Valley's LDX 135 RF and LDX 150 RF cameras, enhancing their wireless capabilities.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:11 pm

UPST

Seattle Credit Union has partnered with Upstart to offer personal loans to its members. This collaboration aims to enhance the credit union's lending capabilities by leveraging Upstart's AI-driven platform.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:03 pm

LUCY

Innovative Eyewear has launched the Eddie Bauer Smart Eyewear Collection, which features voice access to ChatGPT and the world's first rimless smart eyewear design.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:01 pm

TBLA

Taboola has partnered with Foundry to enhance content recommendations across Foundry's network of consumer sites.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:01 pm

ARKK

BTCUSD

Cathie Wood, CEO of ARK Invest, believes El Salvador's GDP could grow 10-fold in five years due to its embrace of Bitcoin and AI under President Nayib Bukele. Despite challenges in local Bitcoin adoption, major retailers are leading a resurgence. Key figures discussed integrating Bitcoin into capital markets and potential tax reforms.

Portfolio Pulse from Murtuza Merchant

May 29, 2024 | 1:00 pm

RIVN

TSLA

VWAGY

Volkswagen plans to introduce affordable electric cars priced at 20,000 euros in Europe by 2027. The company aims to make electromobility widespread with entry-level vehicles, despite challenges like rising energy and raw material costs. Volkswagen is also focusing on high localization to reduce emissions.

Portfolio Pulse from Anan Ashraf

May 29, 2024 | 12:59 pm

GWX

LILM

SPDW

Lilium NV (NASDAQ:LILM) stock is trading higher as Volare Aviation subsidiary eVolare agreed to acquire 4 Lilium Jets and reserve up to 12 production slots. Lilium also expanded its partnership with Luxaviation Group to create electrified ground infrastructure in Europe and the Middle East. Lilium stock has lost 13% in the last 12 months. Investors can gain exposure via SPDR Portfolio Developed World Ex-US ETF (NYSE:SPDW) and SPDR S&P International SmallCap ETF (NYSE:GWX).

Portfolio Pulse from Anusuya Lahiri

May 29, 2024 | 12:57 pm

MIRA

Mira Pharmaceuticals announced that the DEA has ruled MIRA-55 is not classified as a controlled substance. This decision removes potential complications for the drug's manufacturing, development, and commercialization.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 12:54 pm