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FAT

Fat Brands and its Chair Andy Wiederhorn have been indicted on charges related to an alleged loan scheme, causing the company's shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 3:58 pm

YETI

Morgan Stanley analyst Megan Alexander has maintained an Equal-Weight rating on YETI Holdings (NYSE:YETI) and increased the price target from $39 to $41.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 3:57 pm

SYNA

Wells Fargo analyst Gary Mobley has maintained an Equal-Weight rating on Synaptics (NASDAQ:SYNA) and lowered the price target from $115 to $95. This adjustment reflects a revised valuation of Synaptics based on Wells Fargo's analysis.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 3:57 pm

LTRN

Lantern Pharma's shares have declined following the announcement of disappointing Q1 GAAP EPS results, indicating a performance below market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 3:55 pm

AMD

ARM

INTC

NVDA

QCOM

SFTBF

SoftBank Group Corp is shifting its investment focus from startups to semiconductors and AI, divesting nearly $29 billion in U.S.-listed holdings since late 2021. The pivot follows a successful IPO of Arm Holdings Plc, enhancing the value of SoftBank's 90% stake. SoftBank is now eyeing semiconductor ventures, including a potential $100 billion chip venture to rival Nvidia and others, and is in talks to acquire Graphcore Ltd.

Portfolio Pulse from Anusuya Lahiri

May 10, 2024 | 3:55 pm

FAT

FAT Brands Inc. has been indicted on two violations of SOX 402, related to arranging $2.65 million in loans to Andy Wiederhorn. The company describes these charges as unprecedented and unjust, highlighting that the alleged conduct ended over three years ago and that the company has cooperated with the investigation. FAT Brands intends to defend itself vigorously while seeking a fair resolution. Despite the legal challenges, FAT Brands emphasizes its significant growth and commitment to its operating plans and growth strategy.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 3:55 pm

FAT

FAT Brands shares were halted due to a circuit breaker triggered by a significant drop, with the stock currently down by 15.1%.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 3:54 pm

LFLY

Leafy Holdings' shares dropped following disappointing Q1 financial results and a DEA report questioning marijuana's medical value.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 3:51 pm

FXI

NVDA

SPY

TSM

The article discusses aggressive stock buying amid rising layoffs and a revenue increase at TSMC. It highlights the SPDR S&P 500 ETF Trust's (SPY) performance, jobless claims, TSMC's booming sales, and the impact on AI stocks like NVIDIA (NVDA), AMD, Micron Technology (MU), and Applied Materials (AMAT). It also mentions China's market attractiveness, represented by the iShares China Large-Cap ETF (FXI), and the positive early trade money flows in major tech stocks and ETFs like QQQ, with a note on gold, oil, and Bitcoin movements.

Portfolio Pulse from The Arora Report

May 10, 2024 | 3:50 pm

COLL

Collegium Pharmaceutical's shares dropped following mixed Q1 earnings and multiple analyst downgrades.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 3:48 pm