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BTCUSD

ETHUSD

Bitcoin briefly surged to $70,000 on the PulseChain decentralized exchange, a significant increase from its on-spot value of $27,000. The spike was short-lived, lasting only 10 minutes, and may have been due to the low liquidity of the wBTC token.

Portfolio Pulse from Mehab Qureshi

May 30, 2023 | 9:44 am

HTHT

H World Group Ltd (NASDAQ:HTHT) reported Q1 FY23 sales growth of 67.1% YoY to $652 million, beating analyst consensus of $628.50 million. Occupancy rate for Legacy-Huazhu hotels was 75.6%, and blended RevPAR was RMB210. The company expects Q2 revenue growth of 51%-55% and maintains its full-year expectation of 1,400 gross hotel openings and 42-46% YoY revenue growth.

Portfolio Pulse from Shivani Kumaresan

May 30, 2023 | 9:33 am

NVDA

Nvidia shares rose 4% premarket after announcing it is building Israel's most powerful AI supercomputer. The project aims to advance AI research and development in the country.

Portfolio Pulse from Charles Gross

May 30, 2023 | 9:27 am

LNSTY

NSRGY

Nestle SA announced the departure of CFO François-Xavier Roger and named Anna Manz, currently CFO at London Stock Exchange Group PLC, as his replacement. Nestle reported Q1 2023 sales growth of 5.6% Y/Y to CHF23.5 billion.

Portfolio Pulse from Lekha Gupta

May 30, 2023 | 9:14 am

BYDDF

TSLA

BYD has outbid Tesla to supply electric vehicles (EVs) for Blue Bird, Indonesia's largest taxi operator. This deal strengthens BYD's presence in the Southeast Asian market.

Portfolio Pulse from Charles Gross

May 30, 2023 | 9:06 am

HUIZ

Huize has raised its 2023 non-GAAP net profit attributable to shareholders forecast to not less than RMB50 million, up from the previous estimate of RMB30 million.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 9:04 am

TSLA

Tesla shares rose 2.45% to $197.92 in premarket trading on Tuesday, extending gains from the previous two sessions. The positive sentiment is in line with the broader market mood, driven by a tentative budget deal between President Joe Biden and House Speaker Kevin McCarthy. Reports of CEO Elon Musk's visit to China for discussions with senior government officials and a visit to the Giga Shanghai plant may also be driving shares higher.

Portfolio Pulse from Shanthi Rexaline

May 30, 2023 | 9:01 am

AAPL

AMZN

MRVL

The S&P 500 closed higher on Friday, with the Dow Jones ending a five-session losing streak. Marvell Technology shares jumped over 32% after strong Q1 results and expectations of AI revenue doubling in 2024. The Nasdaq 100 rose 2.58% despite losses in Amazon and Apple shares.

Portfolio Pulse from Lisa Levin

May 30, 2023 | 9:00 am

SHY

VGSH

Otavio Costa, a portfolio manager at Crescat Capital, believes the US could have its own Bank of England moment as the Federal Reserve may have to buy Treasury Bills as a last resort due to a deluge of bonds expected to hit the market. The Treasury Department is expected to sell more than $1 trillion of debt papers through the end of Q3.

Portfolio Pulse from Bhavik Nair

May 30, 2023 | 8:00 am

BOX

HPQ

LXRX

SKY

TIGR

HP Inc., Skyline Champion Corporation, Lexicon Pharmaceuticals, UP Fintech Holding Limited, and Box, Inc. are stocks to watch on Tuesday. HP and Box are expected to post quarterly earnings after the closing bell, while Skyline Champion and UP Fintech will release earnings before the markets open. Lexicon Pharmaceuticals reported FDA approval of INPEFA for heart failure treatment.

Portfolio Pulse from Lisa Levin

May 30, 2023 | 7:35 am