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Stock Prices

AMZN

BABA

BOOT

CHWY

GME

LEN

NIO

RIVN

TSLA

Today's session highlighted significant options activity for 10 consumer discretionary stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions, revealing market sentiment and possible price movements for stocks like AMZN, GME, TSLA, RIVN, QS, CHWY, BOOT, NIO, BABA, and LEN. The activity ranged from neutral to bullish or bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 5:35 pm

ARM

AVGO

DOCN

FSLR

KODK

NVDA

PLTR

TSM

WDAY

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, TSM, ARM, AVGO, KODK, PLTR, WDAY, FSLR, ZM, and DOCN. The activity ranged from bullish to bearish sentiments, with trades involving both call and put options across various expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 5:35 pm

PAVM

PAVmed shares are trading higher following the announcement of better-than-expected Q1 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 5:35 pm

SINT

SINTX Technologies reported Q1 EPS of $(0.11), missing the $(0.05) estimate, and sales of $687.00K, slightly below the $690.00K estimate. Despite these misses, the company saw a significant improvement over last year, with losses decreasing by 93.68% and sales increasing by 27.46%.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 5:35 pm

LUXH

LuxUrban Hotels Inc. (LUXH) shares are trading lower following the announcement of a year-over-year decrease in its Q1 GAAP EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 5:34 pm

FXI

SPY

U.S. Trade Representative Tai announced new China tariffs aimed to be strategic and effective, rather than chaotic and emotional. This approach suggests a calculated move to address trade imbalances without causing unnecessary market turmoil.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 5:34 pm

ABBV

AMRS

CRBP

CRDL

HRMY

JAZZ

NTEC

PFE

Roy Bingham, CEO of BDSA, projects the U.S. cannabis market to reach nearly $46 billion by 2028, driven by adult-use and medical market expansion. The DEA's reclassification of cannabis to Schedule III is expected to spur medical research and investment, with significant growth anticipated in pharmaceutical applications and medical cannabis products. This rescheduling may reduce financial pressures on cannabis businesses and attract investment from healthcare and pharmaceutical companies. Despite federal restrictions, the shift is seen as an opportunity for healthcare and pharmaceutical industries to invest in cannabinoid research, potentially impacting medication use and fostering innovation in the sector.

Portfolio Pulse from Nicolás Jose Rodriguez

May 14, 2024 | 5:32 pm

BABA

CTNT

SCPX

Alibaba Group Holding Limited (NYSE:BABA) shares fell by around 7% following mixed Q1 financial results. Other stocks experienced significant movements, with notable gainers including Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) and losers like Scorpius Holdings, Inc. (NASDAQ:SCPX).

Portfolio Pulse from Avi Kapoor

May 14, 2024 | 5:30 pm

NXPI

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSM) is set to begin construction of its first European semiconductor facility in Dresden, Germany, in Q4 2024, with production starting in 2027. The $11 billion project, named European Semiconductor Manufacturing Co (ESMC), sees Infineon, NXP Semiconductors (NXPI), and Robert Bosch each holding a 10% share. TSMC expects to receive subsidies under the European Chips Act, with strong EU and German government support. The Dresden facility will initially produce 22-nanometre node chips for automotive microcontrollers, with plans for future expansion. TSMC's expansion efforts also include a new facility in Japan. The company's April sales surged 60% to $7.3 billion, attributed to the AI boom and a recovery in consumer electronics, projecting a significant sales increase this quarter. TSMC stock has gained over 75% in the last 12 months, and investors can gain exposure through the VanEck Semiconductor ETF (SMH) and iShares Semiconductor ETF (SOXX).

Portfolio Pulse from Anusuya Lahiri

May 14, 2024 | 5:30 pm

GPN

Over the past 10 years, Global Payments (NYSE:GPN) has produced an average annual return of 12.48%, outperforming the market by 1.73% on an annualized basis. A $100 investment in GPN a decade ago would be worth $317.63 today. The company currently has a market capitalization of $28.16 billion.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 5:30 pm