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LEXX

Lexaria Bioscience shares are trading higher after the company announced it has begun dosing in its GLP-1 animal study.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:25 pm

OUST

On May 16, 2024, Ouster's President and CEO Angus Charles Pacala, CTO Mark Frichtl, and Virginia Boulet made significant insider purchases of Ouster shares at average prices of $12.33, $12.34, and $12.20 per share, respectively.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:24 pm

AMC

AMD

BB

GIL

GME

NVDA

RDDT

SMCI

SNDL

TSLA

The top 10 trending stocks on WallStreetBets as of May 17, 2024, include AMC, AMD, BB, GIL, GME, NVDA, RDDT, SMCI, SNDL, and TSLA, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:23 pm

MSFT

Microsoft plans to release the latest installment of Call of Duty on its Game Pass subscription service at launch this fall, marking a significant shift in its videogame sales strategy. This move follows the $75 billion acquisition of Activision Blizzard.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:19 pm

DECK

LULU

NKE

ONON

Jim Cramer discussed the challenges facing the athletic apparel industry, highlighting the struggles of Nike and Lululemon, while praising the growth of On Holding and Deckers Outdoor. Despite high valuations, Cramer emphasized the potential for outsized growth in these companies.

Portfolio Pulse from Michael Cohen

May 17, 2024 | 1:17 pm

HTHT

H World shares are trading lower after the company reported Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:15 pm

XPEV

XPeng Inc. (NYSE:XPEV) shares are trading lower in the premarket session on Friday due to concerns over new U.S. tariffs on Chinese EVs, which could increase costs and impede progress toward carbon neutrality. XPeng's co-President Brian Gu expressed these concerns while launching two new EV models in Hong Kong. Despite the current lack of direct impact on XPeng, the company is cautious about future market openness and global competition. XPeng is also expanding internationally to mitigate losses from fierce competition and decreasing demand in China.

Portfolio Pulse from Nabaparna Bhattacharya

May 17, 2024 | 1:06 pm

FFNTF

4Front Ventures Corp. reported a 28% YoY drop in Q1 revenue and an increased net loss. Despite the financial setbacks, the CEO remains optimistic due to operational improvements and potential benefits from Biden's marijuana rescheduling news.

Portfolio Pulse from Jelena Martinovic

May 17, 2024 | 1:04 pm

TSLA

Elon Musk has terminated most of Tesla's Supercharger team following a conflict with a senior executive. Despite the layoffs, Tesla plans to invest over $500 million to expand the Supercharger network. Tesla's stock has dropped 29% this year and is struggling to surpass the $200 mark, crucial for potential recovery.

Portfolio Pulse from Zaheer Anwari

May 17, 2024 | 1:03 pm

NIO

TSLA

XIACF

Tesla faces increased competition in China from Nio's Onvo L60 and Xiaomi's SU7, both priced lower than Tesla's Model Y and Model 3 respectively. This could impact Tesla's market share in its second-largest market.

Portfolio Pulse from Anan Ashraf

May 17, 2024 | 1:03 pm