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WIT

Wipro Limited has appointed Sanjeev Jain as the new Chief Operating Officer, effective immediately, succeeding Amit Choudhary who is stepping down to pursue other opportunities.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:53 pm

FBMS

The First Bancshares is transferring its common stock listing from Nasdaq to the NYSE. Trading on the NYSE will begin on May 30, 2024, under the ticker symbol 'FBMS'. The stock will continue to trade on Nasdaq until the market closes on May 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:51 pm

HTHT

H World Group Ltd (NASDAQ: HTHT) reported a 17.8% year-on-year increase in first-quarter FY24 sales, beating analyst estimates. The company saw growth in both its Legacy-Huazhu and Legacy-DH segments, with improved occupancy rates and RevPAR. Despite strong performance, the company anticipates near-term fluctuations in RevPAR due to last year's pent-up demand. H World projects second-quarter revenue growth of 7% to 11%. HTHT shares are trading 2% lower in premarket.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 12:50 pm

AMZN

WMT

Walmart Inc (NYSE:WMT) surpassed fiscal first quarter earnings and revenue expectations, driven by significant growth in e-commerce sales and newer businesses like advertising. Walmart's sales grew 6% YoY to $161.51 billion, with net income rising to $5.10 billion. E-commerce sales rose 22% YoY in the U.S., and global advertising grew 24%. Walmart expects to hit the high end or slightly top its previous full-year guidance.

Portfolio Pulse from Upwallstreet

May 17, 2024 | 12:49 pm

GOOG

GOOGL

LRNZ

META

SNOW

SPRX

Snowflake Inc (NYSE:SNOW) is in talks to acquire Reka AI for over $1 billion to boost its generative AI capabilities. Reka AI, founded by former Google and Meta researchers, specializes in large language models. Snowflake's stock has declined over 5% this year, and analysts have flagged potential growth slowdowns due to competition and customer transitions. Investors can gain exposure to Snowflake through the Spear Alpha ETF (NASDAQ:SPRX) and the TrueShares Technology, AI & Deep Learning ETF (NYSE:LRNZ).

Portfolio Pulse from Anusuya Lahiri

May 17, 2024 | 12:47 pm

BAC

BRK

CRWD

On CNBC's 'Halftime Report Final Trades,' analysts discussed Bank of America, Citigroup, CrowdStrike, and Berkshire Hathaway. Bank of America and Citigroup reported better-than-expected earnings, while CrowdStrike announced an expanded partnership with Google Cloud. Berkshire Hathaway was also highlighted.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 12:46 pm

BTCUSD

Former Goldman Sachs executive Raoul Pal discusses the optimal strategy for selling crypto, emphasizing a time-based approach over market timing. He highlights the cyclical nature of crypto and the importance of having cash ready to buy during downturns.

Portfolio Pulse from Khyathi Dalal

May 17, 2024 | 12:45 pm

BNRG

Brenmiller Energy shares are trading higher after the company reported an expansion in its project pipeline to 49 potential contracts valued at over $500 million across 12 industries in 13 countries.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:45 pm

NDSN

Nordson Corporation (NASDAQ:NDSN) is set to release its Q2 earnings on May 20, coinciding with Daniel Hopgood's start as EVP and CFO. Analysts expect earnings of $2.31 per share and revenue of $661.41 million. The company offers an annual dividend yield of 1.01%, translating to $2.72 per share annually. To earn $500 monthly from dividends, an investment of approximately $596,855 is needed. Shares of Nordson recently fell 1.5% to $270.56.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 12:42 pm

BNRG

Brenmiller Energy Ltd. (NASDAQ: BNRG) has expanded its project pipeline to 49 potential contracts valued at over $500 million across 12 industries in 13 countries. The company's bGen™ ZERO thermal energy storage technology is gaining traction due to the need for renewable heat and global climate policies.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:39 pm