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HP Inc. and several other major stocks saw significant gains on Thursday despite a general market downturn. HP's shares rose sharply following better-than-expected Q2 financial results. Other notable gainers include Foot Locker, American Superconductor, Red Robin Gourmet Burgers, and Burlington Stores, among others.

Portfolio Pulse from Avi Kapoor

May 30, 2024 | 2:45 pm

FTCI

FTC Solar has introduced an automated hail stow solution designed to minimize damage to solar panels during hailstorms. This innovation aims to protect solar investments and enhance the durability of solar installations.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 2:42 pm

RY

Royal Bank of Canada shares are trading higher following strong Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 2:37 pm

CRM

DELL

Dell Technologies shares are trading lower as the stock pulls back after recent strength. The broader tech sector may also be under pressure following soft guidance from Salesforce.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 2:36 pm

RICK

The Bear Cave Research has issued a report titled 'More Problems At RCI Hospitality Holdings (RICK)', highlighting potential issues within the company.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 2:35 pm

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The Market Clubhouse Morning Memo for May 30th, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key price levels to watch for potential breakouts or reversals, based on a proprietary formula. Additionally, the memo highlights several high-impact economic events scheduled for the day, including GDP readings, jobless claims, pending home sales data, a Treasury bill auction, and a speech by Federal Reserve member John Williams. These events are expected to cause significant market movements.

Portfolio Pulse from RIPS

May 30, 2024 | 2:34 pm

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Today's top headlines include Uniswap CEO's claim that Democrats recognize their anti-crypto stance as an electoral risk, GM and Stellantis' response to Chinese EV competition with budget-friendly electric vehicles, and various movements in the tech and electric vehicle sectors. Key companies mentioned include Pure Storage, Oracle, UiPath, HP, Salesforce, Google, Apple, Meta, Tesla, Ford, GM, Stellantis, and Disney.

Portfolio Pulse from Akanksha Bakshi

May 30, 2024 | 2:33 pm

NKE

Nike is implementing layoffs in its Secret Sneaker Archive department as part of a $2 billion cost-cutting plan.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 2:33 pm

UBER

Deep-pocketed investors have shown a bullish stance towards Uber Technologies (NYSE:UBER) through significant options activity. Benzinga's options scanner highlighted 10 unusual options trades, with 80% being bullish. The targeted price range for UBER is between $60.0 and $72.5. Analysts maintain a positive outlook with an average target price of $88.6.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 2:32 pm

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NTNX

Nutanix, Inc. (NASDAQ:NTNX) shares are trading lower after reporting third-quarter FY24 results. Despite beating revenue and EPS expectations, the company's Q4 and FY24 revenue outlooks fell short of consensus estimates. NTNX shares are down 18.1%. Investors can gain exposure via ProShares Big Data Refiners ETF (NYSE:DAT) and Series Portfolios Trust Adaptiv Select ETF (NYSE:ADPV).

Portfolio Pulse from Lekha Gupta

May 30, 2024 | 2:31 pm