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OPEC+ is discussing extending some oil output cuts expiring in 2024 into 2025. This extension will likely be on top of voluntary cuts into Q3-Q4 of 2024 and will be conditional on agreeing individual member output capacity figures later in 2024.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:54 pm

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The article discusses various financial insights, including the performance of the iShares 20+ Year Treasury Bond ETF (TLT), concerns about private credit, and notable earnings reports from companies like Salesforce (CRM), C3.ai (AI), and Best Buy (BBY). It also highlights early trade money flows in major tech stocks and ETFs, and provides guidance on protection bands and traditional 60/40 portfolios.

Portfolio Pulse from The Arora Report

May 30, 2024 | 4:52 pm

CROX

Investors with significant capital have taken a bearish stance on Crocs (NASDAQ:CROX), as observed through recent options trading activity. The sentiment is split with 25% bullish and 37% bearish. The trading activity suggests a price target range of $145.0 to $155.0 for Crocs over the next three months. Analysts have mixed ratings on the stock, with target prices ranging from $148 to $170.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 4:46 pm

MNTS

Momentus Inc. (NASDAQ:MNTS) shares surged 51% after securing a DARPA contract to support the design and in-space demonstration of large-scale structures. The contract is part of DARPA's NOM4D program, which aims to develop technologies for building robust structures in space. The announcement led to heavy trading volume, with over 40 million shares traded compared to the 100-day average of 1.082 million shares.

Portfolio Pulse from Erica Kollmann

May 30, 2024 | 4:43 pm

SONM

Sonim Technologies has received FCC approval for its new P200 5G smartphone, marking a significant milestone for the company in expanding its product line and entering the 5G market.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:42 pm

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Mastercard (NYSE:MA) has inaugurated a European Cyber Resilience Centre to combat cyber threats, enhancing its cyber defense capabilities. The centre includes a Fusion Centre and Digital Forensics Lab, and collaborates with national cyber intelligence centers, law enforcement agencies, and industry bodies across Europe. Mastercard is also under scrutiny for its fee structure by Britain's Payment Systems Regulator. Additionally, Mastercard has signed a multi-year agreement with Synchrony Financial (NYSE:SYF) and Virgin Red for a new travel rewards credit card program. Mastercard shares were up 0.16% at $443.35 on Thursday.

Portfolio Pulse from Nabaparna Bhattacharya

May 30, 2024 | 4:42 pm

SPY

Fed's Williams indicates that the job market is cooling to decent levels and emphasizes the importance of data-driven policy. There is uncertainty about the timing and extent of future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:41 pm

NVDA

Stephanie Link, chief investment strategist at Hightower Advisors, discussed her investment strategy focusing on India's economic growth and the potential of AI at the Benzinga virtual event. She highlighted Nvidia's impressive performance and the importance of cybersecurity in the AI landscape.

Portfolio Pulse from Abbey Higginbotham

May 30, 2024 | 4:40 pm

ACHR

Archer Aviation Inc. (NYSE:ACHR) shares are trading higher after announcing a partnership with KakaoMobility in Korea. The deal includes the purchase of up to 50 eVTOL aircraft worth approximately $250 million. KakaoMobility will make initial payments in 2024 and 2025, with public demonstration flights planned for late 2024. Archer also received final airworthiness criteria from the FAA for its Midnight aircraft.

Portfolio Pulse from Erica Kollmann

May 30, 2024 | 4:37 pm

SPY

Federal Reserve's John Williams stated that the Fed expects to achieve a 2% inflation target by early 2026. He mentioned that rate hikes are not the baseline forecast but emphasized that the Fed will take necessary actions to lower inflation.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 4:37 pm