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AMC

GME

Over 2,500 individual investors celebrated as their horse, Seize the Grey, won the 2024 Preakness Stakes. These investors bought micro shares of the horse through myRacehorse, a platform that allows individuals to own shares in racehorses. This trend mirrors the increasing participation of retail investors in financial markets, similar to the interest seen in stocks like GameStop and AMC.

Portfolio Pulse from Hayden Buckfire

May 20, 2024 | 8:21 pm

ZM

Zoom Video Communications Inc (NASDAQ:ZM) reported strong Q1 earnings, beating both revenue and EPS estimates. Revenue was $1.14 billion, up 3.2% YoY, and adjusted EPS was $1.35, beating the $1.20 estimate. Cash flow surged, and the company continued its AI integration. However, Q2 guidance was slightly below expectations.

Portfolio Pulse from Adam Eckert

May 20, 2024 | 8:21 pm

PANW

Palo Alto Networks (NASDAQ:PANW) reported Q3 earnings of $1.32 per share, beating estimates by 5.6%, and sales of $1.985 billion, surpassing expectations. Despite positive results and in-line guidance, shares dropped 8.88% after-hours.

Portfolio Pulse from Erica Kollmann

May 20, 2024 | 8:20 pm

GAME

Engine Gaming And Media (NASDAQ:GAME) reported Q1 sales of $17.728 million, surpassing the analyst consensus estimate of $13.700 million by 29.40%.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:18 pm

WKME

WalkMe Ltd. (NASDAQ:WKME) announced the launch of new generative AI capabilities, including AI Answers and AI SmartTips, as part of its spring 2024 product release. These innovations will be further detailed at their annual event, Realize, on June 18.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:17 pm

MMAT

Meta Materials Inc. (NASDAQ:MMAT) has concluded its investigation into naked short selling and market manipulation, finding meritorious claims against several parties. The company plans to share findings with regulatory agencies and file legal proceedings.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:16 pm

APH

Amphenol Corporation has approved a 2-for-1 stock split, effectively doubling the number of shares outstanding while halving the stock price.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:15 pm

PROC

Procaps Group (NASDAQ:PROC) has received a notification from Nasdaq regarding its non-compliance with listing requirements due to the late filing of its annual report on Form 20-F for the year ended December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:13 pm

COIN

GBTC

Bitcoin surged past $70,000 and Ethereum jumped 12% following news that the odds of spot Ethereum ETF approval have increased to 75%. This development, along with strong inflows into Bitcoin ETFs and a drop in Bitcoin exchange reserves, has led to a bullish sentiment in the cryptocurrency market.

Portfolio Pulse from Khyathi Dalal

May 20, 2024 | 8:13 pm

NISN

Nisun International (NASDAQ:NISN) received a notice of non-compliance from Nasdaq for not timely filing its annual report on Form 20-F for the year ended December 31, 2023. This notice does not immediately affect the listing or trading of the company's shares.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:12 pm