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CPT

On CNBC, Jim Labenthal announced he has sold his holdings in Camden Property Trust (CPT).

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:11 pm

ORCL

Oracle shares are experiencing an uptick after reports surfaced about xAI, led by Elon Musk, closing in on a $10 billion agreement to lease AI servers from Oracle.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:09 pm

ERIC

Ericsson shares are trading higher following the announcement of the expansion of its Vonage Premier for Service Cloud Voice solution, now including integration with Salesforce Einstein Conversation Insights. The stock is also positively influenced by movements in sympathy with Vodafone Group.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:08 pm

AMC

AUGX

CTNT

GME

HD

NOTV

SCPX

U.S. stocks traded higher with the Nasdaq gaining over 50 points. Home Depot reported a sales decline of 2.3% in Q1, missing estimates. Cheetah Net, AMC, and GameStop shares surged, while Augmedix, Scorpius Holdings, and Inotiv shares fell. Oil prices dropped by 1.2%, and gold prices increased.

Portfolio Pulse from Avi Kapoor

May 14, 2024 | 4:06 pm

IGT

International Game Technology (NYSE:IGT) shares rose after reporting Q1 earnings and sales that beat analyst expectations. Earnings per share were 46 cents, surpassing the consensus of 23 cents, with sales of $1.067 billion exceeding forecasts of $1.029 billion. The company saw a 1% revenue increase year-over-year, driven by Global Lottery growth, despite a decline in Gaming & Digital sales. IGT also reported a foreign exchange gain and a steady operating income, with a slight increase in net interest expense. The board declared a quarterly dividend, and the company provided an optimistic revenue outlook for Q2 and FY24.

Portfolio Pulse from Nabaparna Bhattacharya

May 14, 2024 | 4:05 pm

GLD

SPY

UUP

Fed Chair Jerome Powell, in a discussion in Amsterdam, signaled a patient approach to U.S. monetary policy, suggesting rates are likely to remain steady to combat inflation towards the Fed's 2% target. He praised the U.S. economy's performance, highlighting a strong labor market and financial health of households. Despite progress on inflation, Powell described the Producer Price Index (PPI) data as 'mixed' and acknowledged ongoing labor shortages. Market reactions included volatility in the SPDR S&P 500 ETF Trust (SPY), a decline in the Invesco DB USD Index Bullish Fund ETF (UUP), and gains for the SPDR Gold Trust (GLD).

Portfolio Pulse from Piero Cingari

May 14, 2024 | 4:03 pm

SNOW

Snowflake (NYSE:SNOW) has seen unusual options activity indicating a bullish stance by large investors, with a mix of 53% bullish and 26% bearish sentiment among the trades. Notable options trades include both calls and puts with a target price range of $135.0 to $210.0. The company, known for its data lake, warehousing, and sharing capabilities, has a current stock price of $160.95, showing a 0.73% increase, with RSI indicators suggesting it may be approaching overbought territory. Next earnings are expected in 8 days.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 4:01 pm

BON

Bon Natural Life shares are trading higher following the announcement of a strategic cooperation agreement between its operating subsidiary, Xi'an App-Chem Bio, and Guangdong JUWO Trading.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:01 pm

BON

Bon Natural Life Shares have resumed trading.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:00 pm

RIOT

Over the past 5 years, Riot Platforms (NASDAQ:RIOT) has achieved an average annual return of 18.44%, outperforming the market by 5.52% annually. With a current market capitalization of $2.69 billion, an investment of $100 in RIOT 5 years ago would now be worth $238.21. This showcases the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 4:00 pm