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BZFD

BuzzFeed Shares Resume Trade after a temporary halt. This news indicates a return to normal trading activities for BuzzFeed.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:00 pm

SPXC

SPX Techs (NYSE:SPXC) has seen a decrease in short interest, now at 1.66% of its float, lower than the peer group average of 4.63%. This reduction from 540 thousand shares suggests a more bullish sentiment among investors, with a 2.35-day average to cover short positions.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 1:00 pm

PENN

PENN Entertainment's (NYSE:PENN) short interest has increased by 10.26%, with 28.69 million shares sold short, representing 22.14% of its float. This indicates a bearish market sentiment, as it takes an average of 5 days to cover these short positions. Compared to its peers, PENN has a significantly higher short interest, with the peer group average at 3.99%.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 1:00 pm

BZFDW

Trading halt status was updated at 9:00:00 AM ET, indicating a quotation resumption. The update includes news and resumption times for affected securities.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:00 pm

BYDDF

F

GM

TSLA

Chinese EVs face a significant barrier entering the U.S. market due to a 27.5% import tariff, impacting their competitiveness against U.S. automakers like Ford, General Motors, and Tesla. Despite their popularity globally, these tariffs, alongside concerns over national security and environmental advocacy, limit their market penetration in the U.S. Meanwhile, U.S. companies are developing more affordable EV models, with Tesla planning a lower-priced EV launch next year. The Biden administration is balancing affordable EV promotion with American job protection, maintaining or potentially increasing tariffs.

Portfolio Pulse from Benzinga Neuro

May 06, 2024 | 12:58 pm

OLB

Trading for OLB was halted and then resumed at 8:55 AM ET, with updates on quotation resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:55 pm

AESI

Atlas Energy shares are trading lower following the announcement of their Q1 financial results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:54 pm

ABEQ

CNA

DEMZ

L

Loews Corp (NYSE:L) reported a 22% Y/Y increase in Q1 FY24 net income to $457 million, with EPS rising to $2.05 from $1.61. Revenues increased to $4.23 billion from $3.78 billion. CNA Financial Corp (NYSE:CNA) contributed with revenue of $3.44 billion, up from $3.15 billion, and net income of $310 million, up from $268 million. Boardwalk Pipelines and Loews Hotels also reported revenue and net income changes. Loews repurchased 0.9 million shares for $67 million. Investors can gain exposure to Loews through ABEQ and DEMZ ETFs. L shares are up 0.13% in premarket trading.

Portfolio Pulse from Lekha Gupta

May 06, 2024 | 12:52 pm

AMD

AOTG

NVDA

AMD is gearing up for AI leadership by expanding its product portfolio and quadrupling its R&D investment to $5.9 billion in 2023 from $1.5 billion in 2019. The company plans significant announcements at Computex, highlighting its strong AI software stack and the benefits of its acquisition of Xilinx. Despite concerns over gaming segment weakness and competition from Nvidia, AMD sees strong demand in AI and data center GPUs. AMD stock has risen over 58% in the last 12 months, with exposure available through AOT Growth And Innovation ETF.

Portfolio Pulse from Anusuya Lahiri

May 06, 2024 | 12:51 pm

FXI

China's President Xi Jinping has refuted claims that China is facing an overcapacity issue, according to a report by Xinhua. This statement comes amid ongoing discussions about the state of China's economy and its impact on global markets.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:51 pm