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BBY

BIRK

BURL

CRDO

CRM

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NTNX

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QQQ

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XLK

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Wall Street saw a decline in major large-cap indices due to downturns in tech and communication services sectors. Investors shifted focus to small caps, real estate, and solar stocks. The second estimate of Q1 GDP growth was revised down to 1.3%. The S&P 500, Nasdaq 100, and Dow Jones Industrial Average fell, while the iShares Russell 2000 ETF and iShares 20+ Year Treasury Bond ETF rose. Salesforce plummeted 20% after missing revenue expectations, while HP Inc. rose 19% on strong results. Other notable movers included Kohl Corp., Dollar General, Best Buy, Hormel Foods, Burlington Stores, Birkenstock, Agilent Technologies, Pure Storage, Okta, Nutanix, Ui Path, and Credo Technology.

Portfolio Pulse from Piero Cingari

May 30, 2024 | 5:57 pm

TSLA

TSLL

TSLS

Tesla is seeking final approval from the Chinese government to deploy Full Self-Driving (FSD) cars in China. The rollout will start with employee vehicles and, if successful, expand to customers. This move could boost Tesla's sales and pressure other EV startups. Tesla's FSD software will be available for a one-time purchase or a monthly subscription. The company aims to collect more data to develop true FSD and eventually launch a global robotaxi service. Direxion offers ETFs for both bullish and bearish investors on Tesla.

Portfolio Pulse from Johnny Rice

May 30, 2024 | 5:51 pm

VIK

Viking Holdings Ltd (NYSE:VIK) reported strong first-quarter FY24 earnings, with analysts optimistic about its future bookings and pricing power. The company is 91% booked for 2024 at higher prices and 39% booked for 2025. Analysts from BofA Securities, Stifel, and J.P. Morgan reiterated their positive ratings and price targets, highlighting VIK's strong market position and forward booking trends.

Portfolio Pulse from Shivani Kumaresan

May 30, 2024 | 5:49 pm

CCL

NCLH

RCL

Major cruise operators like Royal Caribbean, Carnival, and Norwegian Cruise Line are cutting summer cruise prices despite high demand. This is due to increased capacity and rerouting from conflict zones. Older ships are being discounted as newer vessels enter the market.

Portfolio Pulse from Shivani Kumaresan

May 30, 2024 | 5:40 pm

MHO

M/I Homes (NYSE:MHO) has significantly outperformed the market over the past 10 years, delivering an average annual return of 18.52%. A $100 investment in MHO 10 years ago would be worth $546.71 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 5:30 pm

ZTS

Zoetis (NYSE:ZTS) has significantly outperformed the market over the past 10 years, delivering an average annual return of 18.41%. A $100 investment in Zoetis 10 years ago would now be worth $543.94. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 5:30 pm

SONY

Sony's PlayStation 5 (PS5) has become the company's most profitable console generation, generating $106 billion in sales since its launch. This surpasses the sales pace of previous consoles, including the PlayStation 4 (PS4). The PS5 is expected to exceed the PS4's total sales later this year.

Portfolio Pulse from Franca Quarneti

May 30, 2024 | 5:19 pm

C3.ai, Inc. (NYSE:AI) shares surged after the company reported better-than-expected fourth-quarter revenue of $86.6 million, a 20% year-over-year increase. Analysts from Oppenheimer, Wedbush Securities, DA Davidson, and Piper Sandler provided mixed ratings but highlighted the company's strong client engagement, growing partner ecosystem, and significant demand for its Generative AI solutions.

Portfolio Pulse from Nabaparna Bhattacharya

May 30, 2024 | 5:02 pm

SRDX

Surmodics (NASDAQ:SRDX) has been analyzed by 5 analysts over the past three months, showing a range of ratings from bullish to bearish. The average 12-month price target is $49.4, with a high of $71.00 and a low of $43.00. Recent analyst actions include maintaining, lowering, and announcing new ratings, reflecting evolving market conditions and company performance. Surmodics has shown strong financial metrics, including a 17.5% revenue growth rate, a net margin of 0.77%, and a debt-to-equity ratio of 0.27.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 5:01 pm

TOL

Toll Brothers (NYSE:TOL) has outperformed the market over the past 15 years with an average annual return of 13.81%, resulting in a $100 investment growing to $677.53. The company currently has a market capitalization of $12.42 billion.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 5:00 pm