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SPY

Federal Reserve's Jefferson stated that holding the U.S. central bank's policy rate constant at a coming meeting should not be interpreted as rates reaching their peak for this tightening cycle.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 5:25 pm

F

Ford CEO Jim Farley reportedly said that electric vehicles (EVs) will continue to be more expensive than internal combustion engine (ICE) vehicles until at least 2025. Cost parity between EVs and ICE vehicles may be achieved after 2030, with savings coming from lower labor content and improved technologies.

Portfolio Pulse from Nabaparna Bhattacharya

May 31, 2023 | 5:24 pm

CGAU

Centerra Gold (NYSE:CGAU) announces that the Turkish Ministry of Environment, Urbanization and Climate Change has approved the amended Environmental Impact Assessment for the Öksüt mine. The company expects to restart full operations in the coming weeks.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 5:20 pm

PLUG

Plug Power's stock is trading lower after rising on Tuesday due to positive analyst coverage from HC Wainwright, which reiterated a Buy rating and maintained a $78 price target. The company also announced plans to develop three green hydrogen production plants in Finland, aiming to produce 850 tons per day of green hydrogen.

Portfolio Pulse from Erica Kollmann

May 31, 2023 | 5:20 pm

AMBA

Ambarella Inc (NASDAQ:AMBA) shares dropped despite reporting upbeat Q1 earnings, as investors were concerned about the company's weak Q2 forecast. Analysts from Susquehanna, Needham, and Oppenheimer provided their insights on the earnings release.

Portfolio Pulse from Priya Nigam

May 31, 2023 | 5:19 pm

BIDU

A whale has taken a bearish stance on Baidu (NASDAQ:BIDU) with 61% of the investors having bearish expectations. Whales have been targeting a price range of $100 to $145 for Baidu over the last 3 months. The current price of BIDU is down 1.55% at $121.7.

Portfolio Pulse from Benzinga Insights

May 31, 2023 | 5:17 pm

OXY

A large bearish position on Occidental Petroleum (NYSE:OXY) has been observed, with 69% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $49.0 to $70.0 for OXY over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 31, 2023 | 5:17 pm

BX

A whale investor has taken a bullish stance on Blackstone (NYSE:BX), with 70% of detected trades showing bullish expectations. Whales have been targeting a price range of $80 to $100 for Blackstone over the last 3 months. The current price of BX is down 1% at $85.53.

Portfolio Pulse from Benzinga Insights

May 31, 2023 | 5:17 pm

IVA

Inventiva shares are trading higher after Roth MKM initiated coverage on the stock with a Buy rating and an $11 price target.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 5:10 pm

LXRX

Lexicon Pharmaceuticals' stock is trading higher after Citigroup maintained a Buy rating and raised its price target from $6 to $8.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 5:09 pm