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ATUS

RDWR

Lightpath has launched a new AI-driven DDoS protection service powered by Radware's technology. This collaboration highlights Radware's capabilities in cybersecurity and Lightpath's commitment to providing advanced protection to its customers.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:07 am

DNUT

Krispy Kreme has announced a partnership with Dolly Parton to launch a new 'Southern Sweets' doughnut collection, aiming to blend the iconic flavors of the South with Krispy Kreme's classic doughnuts. This collaboration marks a significant move by Krispy Kreme to leverage celebrity partnerships to enhance its product offerings and appeal to a broader audience.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:05 am

HBM

Hudbay Minerals announced its Q1 consolidated copper production at 34,749 tonnes and gold production at 90,392 ounces.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 10:05 am

WMT

Walmart Inc. is laying off hundreds of corporate employees and relocating others to its main corporate hubs in Bentonville, Ark., Hoboken, N.J., and Northern California. The move affects employees in Dallas, Atlanta, and Toronto, reducing remote work flexibility and consolidating smaller offices. This is part of Walmart's broader strategy to cut costs and prioritize spending, following the closure of its health clinics and the launch of its private food brand, Bettergoods.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 9:56 am

GME

Douglas Boneparth, a financial expert, warns investors about the risks of meme stocks like GameStop Corp. (NYSE:GME), emphasizing the need for caution and research into a company's business model and long-term plans. GameStop's stock has seen significant volatility, partly due to social media influence, notably from Keith Gill, aka Roaring Kitty. Boneparth advises a more diversified investment approach through ETFs and mutual funds and stresses the importance of long-term thinking.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 9:33 am

TSLA

Tesla, Inc. has introduced a 0.99% financing option for Model Y in North America, seen by some as a strategic price adjustment to boost demand, while others view it as a disguised price cut. Gene Munster views this positively, expecting it to improve June quarter deliveries despite a recent demand softening. Conversely, Jim Chanos criticizes the move as merely another price cut. Amid economic challenges and competition, Tesla aims to maintain market share and profitability through strategies like the 'razor-razorblade' model, focusing on high-margin, recurring revenue from its self-driving software.

Portfolio Pulse from Shanthi Rexaline

May 14, 2024 | 9:26 am

STLA

VGK

Stellantis and Leapmotor are set to begin selling budget electric vehicles (EVs) in nine European countries starting September. This move is part of their strategy to capture a larger share of the growing EV market in Europe.

Portfolio Pulse from Charles Gross

May 14, 2024 | 9:24 am

BMBL

Bumble Inc. has withdrawn its anti-celibacy ad campaign due to backlash, promising to remove the ads and donate to the National Domestic Violence Hotline and other organizations. The company faced criticism for undermining choice with ads that were intended to bring humor to modern dating frustrations. This controversy follows a 22% stock price drop this year and leadership changes after an acquisition by Blackstone Group. Despite challenges, Bumble continues to innovate in online dating, with proposals for AI-driven services.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 9:04 am

NVDA

TSM

Taiwan Semiconductor Manufacturing Company (TSMC) has received 14 analyst upgrades in two weeks amid soaring demand for AI chips, leading to a significant stock price increase. The company's success is attributed to its leading role in producing advanced processors, especially for the AI sector, and its recent financial results exceeding expectations. Additionally, NVIDIA Corp is predicted to see a 50% stock increase due to its AI technology strength.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 8:58 am

AAPL

HNHPF

NVDA

Foxconn Technology Group, known for assembling Apple Inc.'s iPhones, reported a 72% increase in Q1 net profit despite a 9% revenue drop due to weaker consumer electronics demand. The profit surge was attributed to a low base last year and strong growth in the cloud and networking segment. Foxconn is diversifying its business, including ventures into electric vehicles and AI, and expanding production outside China. The company anticipates revenue growth in Q2 2024 after reporting its best-ever April revenue.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 8:11 am