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GOOGL

HUBS

VOX

XLC

Alphabet Inc (NASDAQ:GOOGL) is in advanced talks to acquire HubSpot Inc (NYSE:HUBS), as reported by Bloomberg. No final agreement has been reached, and there's a possibility of other buyers. HubSpot's shares have surged by 32% over the past year, with a notable increase of up to 6% in premarket trading. The acquisition could enhance Alphabet's position in the CRM sector, competing with Microsoft, Oracle, and Salesforce. Alphabet's stock has gained over 57% in the last 12 months, and exposure to it can be gained through ETFs like XLC and VOX.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 1:27 pm

AZEK

Azek shares are trading lower following the announcement of their Q2 financial results, indicating a negative market reaction to the company's performance.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:26 pm

NOMD

Nomad Foods shares surged following the announcement of Q1 financial results that exceeded expectations, along with a reiteration of FY24 guidance surpassing estimates.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:26 pm

HOOD

NVDA

QQQ

RBLX

TSLA

The top 10 trending stocks on WallStreetBets as of May 9, 2024, include a mix of technology, automotive, and consumer goods companies. The list, sourced from Swaggy Stocks, features RBLX, TSLA, HOOD, ALCC, CNVDA, LOT, DJT, ARM, TKO, and QQQ.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:26 pm

TPR

Tapestry Inc (NYSE:TPR) reported a 2% decline in Q3 FY24 sales to $1.482 billion, missing estimates. Adjusted EPS was $0.81, beating expectations. The company trimmed its FY24 revenue outlook to $6.6 billion from $6.7 billion, with EPS guidance maintained at $4.20-$4.25. Gross profit rose 1% Y/Y, but operating income fell 9.7%. Tapestry declared a quarterly dividend of $0.35. Shares dropped 2.57% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 1:25 pm

CAMT

Camtek's shares surged following a report of exceeding Q1 expectations and providing Q2 guidance that surpassed estimates.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:25 pm

DDOG

Wedbush analyst Taz Koujalgi has reiterated an Outperform rating on Datadog (NASDAQ:DDOG) and maintained a price target of $155.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:25 pm

CMPO

CompoSecure, Inc. (NASDAQ:CMPO) announced a secondary offering of 7M shares of Class A common stock at $6.50/share by Selling Shareholders, totaling $45.5M. CompoSecure will not receive proceeds from the sale. The offering, managed by J.P. Morgan, BofA Securities, and TD Cowen, with B. Riley Securities, Needham & Company, and Roth Capital Partners as co-managers, is expected to close on May 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:24 pm

GDRX

GoodRx shares are trading lower following the company's issuance of weaker-than-expected financial guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:24 pm

ARGT

EEM

Elon Musk recommends investing in Argentina, citing a risk-on market trend. Argentina's President Javier Milei's economic reforms have led to significant interest rate cuts and a bullish outlook for the Global X MSCI Argentina ETF (ARGT), despite it being overbought. The ARGT ETF has outperformed the S&P 500 and the iShares MSCI Emerging Markets Index (EEM) this year. However, geopolitical tensions and potential policy adjustments pose risks to ARGT's momentum.

Portfolio Pulse from Kenneth Rapoza

May 09, 2024 | 1:24 pm