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IEF

The U.S. economy grew at an annualized rate of 1.3% in Q1 2024, down from an initial estimate of 1.6%. This slower growth, driven by reduced consumer spending, has eased Treasury yields and raised bond ETFs like the iShares 7-10 Year Treasury Bond ETF (IEF). Economists are divided on whether this will prompt the Federal Reserve to cut interest rates, with some suggesting that inflation remains a significant concern.

Portfolio Pulse from Piero Cingari

May 30, 2024 | 3:25 pm

DG

Dollar General shares are trading lower following Q1 earnings. The stock initially gained but has since reversed.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:24 pm

NIO

NIO shares are trading higher as the company's charging network now reportedly includes SAIC Motor Corp's EV unit IM Motors.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:23 pm

DIA

SPY

Users are reporting issues with live pricing for S&P indexes, including the S&P 500 and DJIA, which have not updated since 10:41 AM NY Time.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:21 pm

AMAT

High-rolling investors have shown significant bearish options activity on Applied Materials (NASDAQ:AMAT), with 55% of the trades being bearish. This unusual activity suggests that some investors might have privileged information. The stock is currently trading at $216.48, down by 1.17%, and analysts have mixed ratings with price targets ranging from $210 to $255.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 3:16 pm

NET

Deep-pocketed investors have shown significant interest in Cloudflare (NYSE:NET) options, with a mix of bullish and bearish sentiments. The options activity suggests a price window of $60.0 to $110.0 for Cloudflare. Analysts have mixed ratings, with price targets ranging from $76 to $135.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 3:16 pm

CAL

Caleres, Inc. (NYSE:CAL) shares are trading lower after the company reported Q1 results that missed analyst expectations. Earnings per share were 88 cents, below the expected 91 cents, and revenues were $659.198 million, missing the $665.45 million consensus. Despite a 5.2% reduction in inventory and a slight increase in gross margin, net sales and operating earnings declined year over year. The company expects flat to 2% growth in net sales for FY 2024 and aims to reduce debt significantly by 2026.

Portfolio Pulse from Nabaparna Bhattacharya

May 30, 2024 | 3:12 pm

CAVA

CAVA Group shares are trading higher, rebounding after a decline on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:12 pm

ICLR

ICON shares are trading higher after the company issued FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 3:08 pm

ARUSD

Arweave (CRYPTO: AR) has seen a price increase of 11.94% in the past 24 hours, reaching $43.33. Over the past week, the price has risen by over 2.0%. Despite the price increase, trading volume has fallen by 16.0% over the past week. The circulating supply has increased slightly to 65.45 million, making up 99.17% of its max supply. The current market cap ranking for AR is #47 at $2.84 billion.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 3:01 pm