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GLNCY

LICY

Li-Cycle Holdings Corp (NYSE:LICY) has announced a $75 million investment from Glencore plc (OTC:GLNCY) through a senior secured convertible note. This investment follows a previous one in June 2022 and aims to improve Li-Cycle's liquidity. The company is also reviewing its strategy for the Rochester Hub and has agreed to add two Glencore nominees to its Board. Li-Cycle's shares surged 29.46% to $0.5193 following the announcement.

Portfolio Pulse from Shivani Kumaresan

March 12, 2024 | 3:44 pm

ALK

HA

JBLU

SAVE

At the J.P. Morgan Industrials Conference, Alaska Air's CEO commented that the judge's decision on the JetBlue-Spirit deal is beneficial for Alaska Air. He also noted that Alaska Air's agreement with Hawaiian Airlines is distinct from the JetBlue-Spirit merger.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 3:42 pm

GFI

NEM

Shares of precious metals stocks, including GFI and NEM, are trading lower due to a decrease in gold prices following the release of February inflation data.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 3:40 pm

LI

NIO

XPEV

Chinese EV stocks, including LI, NIO, and XPEV, are experiencing an uptick in their share prices due to the overall strength of the Chinese market. Additionally, the sector's growth is potentially influenced by reports that Nissan and Honda are contemplating reductions in their production capacities in China.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 3:36 pm

LULU

Investors have shown a bearish stance on Lululemon Athletica (NASDAQ:LULU), with options trading indicating a sentiment split of 38% bullish and 61% bearish. The options market dynamics reveal significant activity, including 13 uncommon trades, with puts totaling $328,019 and calls at $322,980. The price target window observed ranges from $420.0 to $495.0. LULU's current trading volume is 219,586, with a slight price decrease of -0.01%, positioned at $457.7. An earnings announcement is expected in 9 days, and an analyst from Needham has revised its rating to Buy with a price target of $525.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:31 pm

SOUN

Financial giants have shown a bullish stance on SoundHound AI (NASDAQ:SOUN), with 80% of traders being bullish based on recent options trading activity. The trading suggests a target price range of $3.0 to $15.0. SoundHound AI's stock is currently up 3.51% at $6.19, with indicators suggesting it may be overbought. The company, known for its conversational intelligence platform, is expected to release its next earnings in 58 days.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:30 pm

SHOP

Over the past 15 years, Shopify (NYSE:SHOP) has delivered an average annual return of 16.36%, turning a $1000 investment into $9,500. With a current market capitalization of $97.72 billion, Shopify's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:30 pm

BKNG

Over the past 20 years, Booking Holdings (NASDAQ:BKNG) has produced an average annual return of 28.19%, outperforming the market by 20.2% on an annualized basis. A $100 investment in BKNG 20 years ago would be worth $14,198.19 today. Booking Holdings currently has a market capitalization of $119.69 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:30 pm

ACN

Accenture's stock price increased following an upgrade in its price target from $360 to $400 by Wedbush.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 3:30 pm

FPX

MILN

UBER

Uber Freight aims for a tenfold expansion in Europe by 2028, targeting 2 billion euros in freight management. Despite a 25% revenue dip in 2023 due to lower trucking rates, improvements are seen with resolving supply chain issues. Uber Technologies Inc. (UBER) reported a 15% revenue growth in Q4 fiscal 2023, with shares up 0.50% in premarket trading. Investors can also gain exposure to Uber through FPX and MILN ETFs.

Portfolio Pulse from Anusuya Lahiri

March 12, 2024 | 3:28 pm