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SPY

The S&P Global US Manufacturing PMI for May came in at 50.9, surpassing the estimated 50.0 and the prior 50.0. This indicates a slight expansion in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:45 pm

SPY

The S&P Global Services PMI for May came in at 54.8, significantly higher than the estimated 51.2, indicating strong growth in the services sector.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:45 pm

SBUX

Gordon Haskett reports that Pershing Square may be taking an activist stance in Starbucks.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:42 pm

DOGEUSD

ETHUSD

SOLUSD

The financial markets are anticipating the approval of the Ethereum (ETH) ETF, sparking discussions about potential future crypto ETFs for Solana (SOL) and Dogecoin (DOGE). Regulatory hurdles and market sentiment suggest a challenging path for a SOL ETF, while political pressure may favor a DOGE ETF. The upcoming Benzinga Future of Digital Assets event will provide insights into these developments.

Portfolio Pulse from Murtuza Merchant

May 23, 2024 | 1:41 pm

JPM

Jamie Dimon, CEO of JPMorgan Chase & Co, has warned of a potential 'hard landing' for the U.S. economy, with stagflation being a serious threat. Despite low unemployment and rising wages, consumer confidence is low due to inflation. Dimon's comments come as the Federal Reserve considers raising interest rates to curb inflation.

Portfolio Pulse from Michael Cohen

May 23, 2024 | 1:37 pm

RL

Ralph Lauren's executive announced that the company's business in China has more than doubled compared to pre-pandemic levels, now accounting for 7% of total company sales.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:35 pm

TSLA

Scottish Mortgage Investment Trust has decided to support Elon Musk's $56 billion pay deal. This decision could have implications for Tesla's stock price as it reflects confidence in Musk's leadership and future performance.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:28 pm

COIN

Coinbase is expected to benefit from the introduction of Ether ETFs, which could drive increased trading volumes and revenue for the company.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:28 pm

WMT

Walmart's stock has risen by 24% this year, driven by a strategy targeting high-income shoppers. Former CEO Bill Simon warns this trend might alienate traditional customers and could be temporary. Despite concerns, Walmart's financial performance remains strong, with recent earnings surpassing expectations.

Portfolio Pulse from Zaheer Anwari

May 23, 2024 | 1:27 pm

AAPL

AI

AMD

LOT

MSFT

NVDA

NVDL

QQQ

SMCI

TSLA

The top 10 trending stocks on WallStreetBets as of May 23, 2024, include NVDA, QQQ, AI, TSLA, NVDL, LOT, SMCI, AAPL, AMD, and MSFT, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:26 pm