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EWQ

The France Consumer Price Index (CPI) for April increased by 0.5% month-over-month, matching the estimated growth and up from the prior month's 0.2% increase.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:53 am

BTCUSD

GME

GameStop shares surged 190% this week, outperforming Bitcoin's yearly gains in a single day. The rally was driven by retail traders' excitement over the return of Keith Gill. Despite this, Bitcoin's long-term trajectory remains more optimistic due to its consistent growth and mainstream adoption.

Portfolio Pulse from Aniket Verma

May 15, 2024 | 5:55 am

ARCO

BABA

CSCO

DOLE

Investor optimism has improved ahead of the CPI report, with the Nasdaq Composite reaching a record high. The CNN Money Fear and Greed index showed a slight improvement but remained in the 'Neutral' zone. U.S. producer prices rose more than expected in April. Alibaba reported weaker-than-expected earnings, and Home Depot reported downbeat sales. Investors are awaiting earnings results from Dole, Arcos Dorados, and Cisco Systems.

Portfolio Pulse from Avi Kapoor

May 15, 2024 | 5:39 am

EWA

Australia's Wage Price Index (QoQ) for Q1 came in at 0.8%, below the estimated 0.9% and the revised prior figure of 1.0%.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 4:48 am

AMC

GME

HOOD

Robinhood Markets Inc. (NASDAQ: HOOD) reported a record $5 billion in equities trading volume, marking one of its biggest days in the past 12 months. This surge is attributed to a resurgence in retail trading, reminiscent of the 2021 meme stock frenzy. Popular stocks like GameStop (NYSE: GME) and AMC Entertainment Inc. (NYSE: AMC) also saw substantial surges in their stock prices. Robinhood's stock surged sharply this week, coinciding with GameStop's 74% climb.

Portfolio Pulse from Benzinga Neuro

May 15, 2024 | 4:22 am

LOWLF

Lowell Farms Inc. (OTC:LOWLF) reported a 35% revenue drop in Q1 2024, with net revenue falling to $4.9 million. Despite the decline, the company saw a 35% increase in net revenue from Q4 2023. The net loss improved by 27.5% YoY and 77.9% QoQ. The company exited its cultivation facility, impacting gross margins.

Portfolio Pulse from Nicolás Jose Rodriguez

May 15, 2024 | 3:32 am

AMC

GME

PLUG

RUM

TSLA

On Tuesday, major U.S. stock indices closed higher, with notable gains in GameStop, AMC, Plug Power, Rumble, and Tesla. GameStop and AMC saw significant surges, potentially allowing them to raise capital. Plug Power benefited from a DOE loan commitment, while Rumble's revenue missed estimates. Tesla faced a lawsuit over Clean Air Act violations.

Portfolio Pulse from Benzinga Neuro

May 15, 2024 | 2:19 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, dipped following higher-than-expected wholesale inflation data. Bitcoin saw significant liquidations and increased short positions. Despite the dip, analysts suggest potential for a Bitcoin rebound to $68,400.

Portfolio Pulse from Aniket Verma

May 15, 2024 | 1:56 am

GOOG

GOOGL

Gene Munster, a tech analyst at Deepwater Asset Management, shared insights on Google's AI advancements during the I/O 2024 keynote. He noted that Google is six months behind OpenAI but five years ahead of the rest of the industry. Google plans to roll out its AI, Gemini, across its product lineup and introduce AI Overview to U.S. Google Search users. Despite these advancements, Google has not detailed how it will monetize these features.

Portfolio Pulse from Benzinga Neuro

May 15, 2024 | 1:20 am

GHBWF

Glass House Brands Inc. (OTC:GHBWF) reported strong Q1 2024 financial results, exceeding guidance in cash, sales, production, and EBITDA. The company saw a 9% year-over-year revenue increase to $30.1 million and a 28% increase in biomass production. Despite a decrease in Adjusted EBITDA and gross margin, the company improved its cash position and cost efficiency. Q2 2024 projections are optimistic with expected revenue between $52 million and $54 million.

Portfolio Pulse from Nicolás Jose Rodriguez

May 14, 2024 | 11:27 pm