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DOGEUSD

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The cryptocurrency market remained steady on Thursday with Bitcoin gaining slightly while Ethereum and Dogecoin traded lower. Bitcoin faced resistance after breaching its all-time high, and Ethereum failed to hold $3,800. Analysts suggest Bitcoin is not likely to break out soon post-halving. Stocks ended in the red, with major indices recording losses.

Portfolio Pulse from Aniket Verma

May 31, 2024 | 1:49 am

DJT

Former President Donald Trump has been found guilty on 34 counts of falsifying business records. Manhattan District Attorney Alvin Bragg has not disclosed whether prosecutors will pursue jail time. The political and legal ramifications are significant, with potential impacts on Trump's future and related entities. Trump Media & Technology Group (NASDAQ:DJT) shares fell over 6% in after-hours trading following the verdict.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 12:35 am

DJT

Former President Donald Trump was found guilty on all 34 counts in a criminal trial. Trump proclaimed his innocence and criticized the trial as rigged. The verdict has sparked reactions from various political figures. Shares of Trump Media & Technology (NASDAQ:DJT) fell 8% in after-hours trading following the verdict.

Portfolio Pulse from Chris Katje

May 30, 2024 | 10:25 pm

GBTC

HOOD

Cryptocurrency markets traded mostly sideways on Thursday, with Bitcoin showing slight gains while Ethereum and Dogecoin disappointed. Notable developments include Elon Musk advising Donald Trump on crypto policy and IBIT overtaking GBTC as the biggest Bitcoin ETF. Technical analysts highlight key resistance and support levels for Bitcoin.

Portfolio Pulse from Ivan Crnogatić

May 30, 2024 | 10:01 pm

RDFN

Home sellers are slashing prices at the fastest rate in nearly two years due to high mortgage rates. Redfin Corp (NASDAQ:RDFN) reported a decline in median asking prices and an increase in the percentage of price cuts. The housing market faces challenges as mortgage rates remain high, impacting home sales and purchase applications.

Portfolio Pulse from Chris Katje

May 30, 2024 | 9:55 pm

HCP

HashiCorp (NASDAQ:HCP) reported Q1 2025 earnings of $0.05 per share, significantly beating the analyst estimate of $(0.01). The company also reported sales of $160.579 million, surpassing the estimate of $153.194 million.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:54 pm

ITA

LMT

QQQ

SPY

The Biden administration has lifted restrictions on Ukraine using U.S.-supplied weapons for offensive operations inside Russia, marking a significant shift in U.S. strategy. This policy change has led to a rise in defense stocks, with the iShares U.S. Aerospace & Defense ETF (ITA) and Lockheed Martin Corp. (LMT) seeing notable gains.

Portfolio Pulse from Piero Cingari

May 30, 2024 | 9:48 pm

TJX

TJX Companies (NYSE:TJX) has outperformed the market over the past 10 years with an average annual return of 14.05%, surpassing the market by 3.58% annually. A $1000 investment in TJX 10 years ago would be worth $3,812.28 today.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 9:30 pm

EW

Edwards Lifesciences (NYSE:EW) has significantly outperformed the market over the past 20 years, delivering an average annual return of 18.34%. A $100 investment in EW 20 years ago would be worth $2,919.93 today. The company's current market capitalization is $52.96 billion.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 9:30 pm

PARA

Paramount Global (NASDAQ:PARA) shares rose as the company's independent committee prepares to review an enhanced merger proposal from Skydance Media. The revised offer is expected to be more favorable to shareholders, involving more cash investment from Skydance.

Portfolio Pulse from Vaishali Prayag

May 30, 2024 | 9:27 pm