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RNLSY

VWAGY

Volkswagen has exited discussions with Renault on a joint affordable EV project. Renault will continue developing the electric Twingo independently, while Volkswagen plans its own low-cost EV strategy. This development highlights the competitive pressure from Chinese automakers in the European market.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 3:52 pm

CRKN

FFIE

Crown Electrokinetics Corp. (NASDAQ:CRKN) shares are trading higher due to increased attention from retail traders on social media. The stock has surged nearly 900% since Wednesday and is one of the top trending tickers on Yahoo Finance. Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) is also seeing similar interest from retail traders.

Portfolio Pulse from Erica Kollmann

May 17, 2024 | 3:51 pm

DIS

DKNG

PARA

Scottie Scheffler, the world number-one golfer, was arrested outside the Valhalla Golf Club in Louisville, Kentucky, but was released in time to continue playing in the PGA Championship. Despite the arrest, Scheffler's betting odds remain strong, with support from notable figures like Dave Portnoy. The incident could boost viewership for the tournament, which is being broadcast by ESPN and CBS.

Portfolio Pulse from Chris Katje

May 17, 2024 | 3:51 pm

FLJ

FLJ Group shares were halted on a circuit breaker due to a significant upward movement, with the stock now up 218.8%.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 3:51 pm

SPY

Fed Chair Powell has tested positive for COVID-19 and is experiencing symptoms. He is working from home and staying away from others.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 3:49 pm

ERO

FCX

SCCO

TGB

Shares of copper-related companies are trading higher as copper prices rise due to Chinese measures to support the property sector.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 3:48 pm

TTD

Financial giants have made a bearish move on Trade Desk (NASDAQ:TTD) with significant options trades. Analysis shows 40% bearish sentiment, with puts valued at $652,884 and calls at $526,078. The stock is currently trading at $93.75, with a slight increase of 0.6%. Analysts have mixed ratings, with price targets ranging from $100 to $110.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 3:46 pm

HUBS

Recent options trading activity for HubSpot (NYSE:HUBS) indicates a mixed sentiment among big-money investors, with a significant volume of both bullish and bearish trades. The predicted price range for HUBS is between $570.0 and $650.0 over the next three months. Analysts have set an average price target of $659.0, with ratings ranging from Equal-Weight to Buy.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 3:46 pm

AMAT

Applied Materials, Inc. (NASDAQ:AMAT) reported better-than-expected fiscal second-quarter results, leading to a series of positive analyst reviews and increased price targets. The company saw strong sales in China and advanced technology driving growth. Analysts from Goldman Sachs, Mizuho Securities, JPMorgan, Stifel, Cantor Fitzgerald, Needham, and KeyBanc Capital Markets all maintained positive ratings, with price targets ranging from $240 to $260. Despite some concerns about a slowdown in China DRAM revenue, the overall outlook remains optimistic, with significant growth expected through 2025.

Portfolio Pulse from Priya Nigam

May 17, 2024 | 3:41 pm

BA

Boeing expects to deliver the rest of its inventory by year-end and is seeing early signs of factory and supply chain stabilization. The CEO will meet with the FAA in a couple of weeks to present the final plan after the agency's 90-day deadline.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 3:39 pm