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MULN

Mullen Automotive shares rose after announcing a $210 million contract with Volt Mobility for 3,000 electric vehicles. Revenue recognition starts in October 2024, with initial shipments already dispatched.

Portfolio Pulse from Nabaparna Bhattacharya

September 04, 2024 | 4:40 pm

DBO

OILK

USO

Goldman Sachs suggests AI could lower oil prices by improving logistics and resource allocation, potentially reducing costs and increasing recoverable resources. This could lead to a $5/bbl fall in oil prices, impacting producers' incomes.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 4:35 pm

BAC

Recent options trading activity for Bank of America (NYSE:BAC) shows a bearish sentiment among large investors, with 54% of trades being bearish. The trading volume and open interest suggest a focus on a price range between $37.0 and $50.0. The stock is currently trading at $40.52, down by 0.44%, and may be overbought according to RSI values.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 4:30 pm

PDD

Deep-pocketed investors are showing a bearish sentiment towards PDD Holdings (NASDAQ:PDD) as revealed by Benzinga's options scanner. The options market has seen 38 extraordinary activities, with 52% of investors leaning bearish. The stock is currently down by 5.23% at $92.64, and RSI readings suggest it may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 4:30 pm

NSIT

Insight Enterprises (NASDAQ:NSIT) has significantly outperformed the market over the past 20 years, with an annualized return of 13.2%. A $1000 investment in NSIT 20 years ago would be worth $12,379.91 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 4:30 pm

FI

Fiserv (NYSE:FI) has outperformed the market over the past 10 years with an annualized return of 18.22%, significantly increasing the value of an initial $1000 investment to $5,292.51. This highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 4:30 pm

CRM

Rob Sechan announced on CNBC that he has increased his holdings in Salesforce, indicating confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 4:30 pm

ASAN

Asana, Inc. (NYSE:ASAN) shares are trading lower after the company reported better-than-expected Q2 results but issued Q3 guidance below estimates. Despite growth in core customers and revenue, analysts adjusted price targets, contributing to a 7.07% drop in share price.

Portfolio Pulse from Dylan Berman

September 04, 2024 | 4:26 pm

AI

C3.ai Inc (NYSE:AI) is set to report its fiscal first-quarter earnings, with expectations of a 13-cent loss per share on $86.942 million in revenue. The company has a history of exceeding estimates and is experiencing strong demand for its AI solutions. Analysts are focused on growth, margins, and potential deals, with the stock trending on Reddit due to high short interest.

Portfolio Pulse from Adam Eckert

September 04, 2024 | 4:25 pm

DELL

NVDA

Dell Technologies shares are trading lower amid a broader tech sector weakness following a drop in the Nasdaq Composite Index. Despite this, Dell announced a partnership with Red Hat for AI deployments on its PowerEdge servers, expected in Q3 2024. Analysts have a positive outlook on Dell with an average price target suggesting potential upside.

Portfolio Pulse from Erica Kollmann

September 04, 2024 | 4:24 pm