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Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a pullback after a strong rally. The U.S. Senate passed pro-crypto legislation, but market reactions suggest concerns over a potential presidential veto. The global cryptocurrency market cap fell by 1.57%, and major U.S. stock indices also closed lower. Analysts highlight the importance of stablecoin growth for future Bitcoin highs.

Portfolio Pulse from Aniket Verma

May 17, 2024 | 1:57 am

WHLR

Trading for WHLR was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:50 pm

CTHR

Trading for CTHR was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:50 pm

PTON

SPY

Business Insider's Emily Stewart suggests that Peloton Interactive Inc (NASDAQ:PTON) is facing significant challenges, potentially marking the end of its popularity. Despite the overall market hitting new highs, Peloton's stock has plummeted over 97% from its peak. The company struggles with declining demand, production issues, and leadership changes. Meanwhile, the SPDR S&P 500 Trust ETF (NYSE:SPY) continues to perform well.

Portfolio Pulse from Aaron Bry

May 16, 2024 | 9:38 pm

CROX

Crocs (NASDAQ:CROX) has significantly outperformed the market over the past 15 years, delivering an average annual return of 31.08%. A $100 investment in CROX 15 years ago would be worth $5,613.04 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 9:30 pm

MSI

Motorola Solutions (NYSE:MSI) has significantly outperformed the market over the past 10 years, delivering an average annual return of 18.54%. A $100 investment in MSI 10 years ago would now be worth $550.83. The company's current market capitalization is $61.11 billion.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 9:30 pm

F

GM

RIVN

TSLA

Tesla's Cybertruck, released in November 2023, is showing strong early performance with 1,158 registrations in March, trailing Ford's F-150 Lightning but surpassing Rivian's R1T and GM's Silverado EV and Hummer EV. The Cybertruck is expected to become a leading electric pickup truck as production ramps up.

Portfolio Pulse from Chris Katje

May 16, 2024 | 9:28 pm

PH

Parker Hannifin has announced ambitious five-year targets through fiscal year 2029, including 4-6% organic sales growth CAGR, a 27% adjusted segment operating margin, a 28% adjusted EBITDA margin, a 17% free cash flow margin, and a 10%+ adjusted earnings per share CAGR.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 9:21 pm

TTWO

Take-Two Interactive Software Inc (NASDAQ:TTWO) has confirmed that Grand Theft Auto VI (GTA 6) will be released in the fall of 2025, dispelling rumors of a delay to 2026. The announcement was made in the company's latest earnings report, which also revealed a $2.9 billion loss for the fourth quarter and full fiscal year 2024. Despite internal conflicts at Rockstar Games, a subsidiary of Take-Two, the company remains committed to the 2025 release date.

Portfolio Pulse from Franca Quarneti

May 16, 2024 | 9:10 pm

RDDT

Reddit Inc (NYSE:RDDT) shares surged in after-hours trading following the announcement of a new partnership with OpenAI. The collaboration will integrate Reddit content into OpenAI's ChatGPT and introduce AI-powered features to Reddit, enhancing user engagement and advertising capabilities.

Portfolio Pulse from Adam Eckert

May 16, 2024 | 9:01 pm