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Ethereum was the most targeted blockchain by hackers in May 2024, accounting for 43% of total crypto losses. The network suffered 9 attacks, with a notable $21 million exploit on Gala Games. BNB Chain was the second most targeted, with 4 incidents. Overall, crypto losses from hacks and rug pulls have decreased by 20% year-over-year.

Portfolio Pulse from Aniket Verma

May 31, 2024 | 6:59 am

EWQ

France's consumer spending for April decreased by 0.8% month-over-month, missing the estimated increase of 0.2% and down from the revised prior figure of 0.5%.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:58 am

IEO

OIH

UCO

USO

VDE

XES

OPEC+ is expected to extend its current production cuts amid rising summer demand, with a virtual meeting scheduled for June 2. The decision is influenced by increased demand from China and the U.S. Investors may consider oil ETFs like VDE, OIH, USO, IEO, XES, and UCO.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 6:33 am

AMD

AVGO

BA

China has announced new export restrictions on aviation and aerospace technologies to safeguard national security, effective from July 1. This move follows the U.S. tightening export controls on Chinese firms, including Huawei. The restrictions will impact companies like Broadcom, AMD, and Boeing, which have faced recent sanctions and regulatory reviews in China.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 6:32 am

AIQ

BOTZ

MSFT

NVDA

ROBO

A UBS report suggests that Microsoft may be Nvidia's largest customer, contributing to 19% of Nvidia's revenue in fiscal 2024. Nvidia's stock has surged 130% this year, driven by demand for AI processors. The report also highlights the growing interest in AI ETFs like BOTZ, AIQ, and ROBO. Nvidia's CEO will attend Taiwan's AI Tech Fest, and the U.S. has halted AI chip sales to the Middle East due to security concerns.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 6:18 am

DOOO

BRP Inc. (NASDAQ:DOOO) is expected to report lower Q1 FY2025 earnings, with analysts forecasting a significant drop in EPS from $1.8 to $0.67 and revenue of $1.46 billion. Recent analyst ratings include a mix of downgrades and price target adjustments.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 6:13 am

BBY

CRM

DOOO

GCO

PATH

Investor sentiment has declined ahead of inflation data, with the Dow Jones falling over 300 points. Despite this, major indices are set to record gains for May. Salesforce (CRM) shares dropped 20% due to weak guidance, while Best Buy (BBY) shares surged 13% on strong earnings. UiPath (PATH) tumbled 34% after weak revenue guidance and a CEO transition. Investors await earnings from Genesco (GCO) and BRP (DOOO).

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 6:07 am

EWG

Germany's retail sales for April fell by 1.2% month-over-month, significantly missing the estimated decline of 0.2% and down from a revised 2.6% increase in the prior month.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:06 am

EWU

The U.K. Nationwide House Price Index (HPI) for May increased by 0.4% month-over-month, surpassing the estimated 0.1% and recovering from the previous month's -0.4%.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:05 am

EWU

The U.K. Nationwide House Price Index (HPI) for May showed a year-over-year increase of 1.3%, up from the previous 0.6%.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:05 am