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AMAT

BABA

PLTR

QQQ

SPY

WMT

US stock futures signal a strong finish to the week on tech surge, with major indices on track to post weekly gains. Walmart's strong Q1 report and hopes of a debt ceiling resolution contribute to the positive sentiment. Analyst Ryan Detrick predicts big gains for the year based on historical patterns.

Portfolio Pulse from Shanthi Rexaline

May 19, 2023 | 10:44 am

AULT

Ault Alliance has terminated its offer to exchange Class A Common Stock for 10.00% Series H Cumulative Redeemable Perpetual Preferred Stock due to logistical issues with the Depositary Trust Company (DTC) relating to the company's recent 300 for one reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 10:33 am

BTCUSD

Santiment has identified a surge in security-related keywords, suggesting heightened caution among crypto traders and investors. This follows concerns over Ledger's recent update, which shares encrypted fragments of users' seed phrases. Bitcoin reached a high of $27,500 before dipping to $26,400.

Portfolio Pulse from Mehab Qureshi

May 19, 2023 | 10:24 am

AAPL

AMZN

BABA

WMT

The S&P 500 rose for a second consecutive session on hopes of a debt ceiling resolution and positive economic data. Walmart and Alibaba reported better-than-expected earnings, while Amazon and Apple shares gained. The CBOE Volatility Index fell 4.9%.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 10:08 am

RCKT

Rocket Pharmaceuticals presented positive data from its gene therapy programs for rare disorders at the 26th Annual Meeting of the American Society of Gene and Cell Therapy. The data covers Pyruvate Kinase Deficiency, Fanconi Anemia, Severe Leukocyte Adhesion Deficiency-I, Danon Disease, and PKP2-arrhythmogenic cardiomyopathy.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 10:01 am

AMAT

CTLT

FTCH

Deere & Company, Applied Materials, Foot Locker, Farfetch, and Catalent are stocks to watch on Friday. Deere and Catalent are expected to post earnings before the opening bell, while Applied Materials reported better-than-expected Q2 results. Foot Locker is expected to have earned 81 cents per share for the latest quarter, and Farfetch reported better-than-expected Q1 results.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 9:17 am

ARKF

ARKW

PLTR

Cathie Wood's Ark Invest has increased its stake in Palantir Technologies (NYSE:PLTR) by $3.4 million as the stock reached a 1-year high following strong Q1 results. Ark Invest purchased 286,714 shares through its three ETFs: ARKF, ARKF, and ARKW.

Portfolio Pulse from Shanthi Rexaline

May 19, 2023 | 8:59 am

CTLT

Catalent, Inc. (NYSE:CTLT) is expected to report a sharp decline in Q3 earnings, with analysts estimating earnings of 33 cents per share, down from $1.04 per share a year ago. The company's revenue is expected to be $1.02 billion. Several analysts have recently adjusted their price targets for CTLT.

Portfolio Pulse from Lisa Levin

May 19, 2023 | 8:09 am

BNO

VDE

Oil is on track for its first weekly gains in over a month as optimism grows that Congress will resolve the debt limit impasse. West Texas Intermediate and Brent futures are trading higher, while the United States Brent Oil Fund (BNO) and Vanguard Energy Index Fund ETF (VDE) experienced mixed results.

Portfolio Pulse from Bhavik Nair

May 19, 2023 | 7:38 am

AAPL

MSFT

TSLA

TSM

TXN

The New York State Common Retirement Fund reduced its holdings in mega-cap technology stocks, including Apple, Tesla, and Microsoft, in Q1 2023. The fund shifted its focus towards chip-based stocks, buying shares of Taiwan Semiconductor and Texas Instruments.

Portfolio Pulse from Bhavik Nair

May 19, 2023 | 7:31 am