Streetbeat News

Stock Prices

CHWY

Chewy announced that its Board of Directors has authorized a share repurchase program of up to $500 million of its Class A and/or Class B common stock.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:55 am

DARP

NVDA

SMH

TSM

Nvidia Corp (NVDA) is accelerating the use of Fan-Out Panel Level Packaging (FOPLP) for its GB200 AI server chips to address production constraints at Taiwan Semiconductor Manufacturing Co (TSM). This move is expected to reduce costs and enhance capacity. Nvidia's stock has gained over 184% in the last 12 months, and investors can gain exposure through ETFs like VanEck Semiconductor ETF (SMH) and Grizzle Growth ETF (DARP).

Portfolio Pulse from Anusuya Lahiri

May 29, 2024 | 11:54 am

APPS

Digital Turbine shares are trading lower after the company reported worse-than-expected Q4 sales results.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:51 am

RSLS

ReShape Lifesciences Inc. (NASDAQ:RSLS) saw its stock surge over 100% in pre-market trading after receiving approval from the U.S. Patent And Trademark Office for its obesity treatment devices. The approval is subject to a fee due on Aug. 26, 2024. This comes amid increasing demand for weight-loss drugs like Ozempic and WeGovy. At the time of writing, RSLS was trading 82.87% higher at $0.380.

Portfolio Pulse from Pooja Rajkumari

May 29, 2024 | 11:49 am

IKNA

Ikena Oncology shares are trading higher after the company announced it will discontinue development of IK-930 and evaluate strategic options for both the Company and its development pipeline.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:48 am

DLX

KRT

UPS

Three high-dividend yielding industrial stocks, Deluxe Corporation (DLX), Karat Packaging Inc. (KRT), and United Parcel Service, Inc. (UPS), have received positive ratings from top analysts. DLX and KRT have had recent earnings reports, while UPS announced a key executive departure.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 11:47 am

FFIE

Faraday Future Intelligent Electric shares are trading lower after the company reported worse-than-expected FY23 sales results and announced the withdrawal of its production target guidance. Additionally, the company received a notice from Nasdaq for failing to timely file its Quarterly Report on Form 10-Q.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:47 am

ARKF

ARKK

HOOD

Robinhood Markets, Inc (NASDAQ:HOOD) stock is trading higher after announcing a $1 billion share buyback program. The company also introduced tiered margin rates and expanded its retirement offerings. Analysts are bullish due to better economic conditions and new product launches. HOOD stock has gained over 129% in the last 12 months. Investors can also gain exposure through ARK Fintech Innovation ETF (NYSE:ARKF) and ARK Innovation ETF (NYSE:ARKK).

Portfolio Pulse from Anusuya Lahiri

May 29, 2024 | 11:46 am

ITA

PPA

Boeing Company (NYSE:BA) and a union representing its firefighters have reached a tentative contract agreement, potentially ending a lockout that began in early May. The agreement will be voted on Thursday, and if approved, firefighters will return to work on Saturday. Boeing's stock has declined over 14% in the past year, and the company is also negotiating with the International Association of Machinists and Aerospace Workers (IAM) for a new contract. Boeing's 737 MAX production has decreased due to intensified FAA inspections. Investors can gain exposure to Boeing via IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Shivani Kumaresan

May 29, 2024 | 11:45 am

ADI

AVT

OOMA

Three tech stocks, Ooma, Analog Devices, and Avnet, are showing signs of being overbought as of May 29, 2024, with RSI values above 70. Despite recent gains, investors should be cautious as these stocks may face short-term price corrections.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 11:44 am