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Stock Prices

KBDC

Kayne Anderson BDC's IPO shares opened for trade at $16.25 per share, below the IPO price of $16.63 per share on 6 million shares.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 2:22 pm

ADI

Analog Devices, Inc. (NASDAQ: ADI) reported fiscal Q2 2024 results, beating analyst estimates despite a 34% YoY revenue decline. The company expects a cyclical recovery and growth in AI investments.

Portfolio Pulse from Anusuya Lahiri

May 22, 2024 | 2:21 pm

DOGEUSD

PEPEUSD

SHIBUSD

Crypto trader Altcoin Sherpa is optimistic about Pepe (PEPE), citing its strong volume and good liquidity as key factors for potential price upside. Although he does not believe PEPE will surpass Dogecoin (DOGE), he anticipates relative gains. Another trader, Plazma, noted that PEPE is doing significantly more volume than Shiba Inu (SHIB) and Dogecoin. PEPE's total volume across exchanges is $4.5 billion, and it has seen a 100% monthly gain.

Portfolio Pulse from Khyathi Dalal

May 22, 2024 | 2:20 pm

AAPL

LKQ

The U.S. Court of Appeals for the Federal Circuit has overturned a previous decision favoring General Motors (GM) in a patent dispute with LKQ Corp. regarding fender designs. This ruling marks a significant shift in design-patent law, discarding a long-standing test for determining the validity of a design patent. The case has been remanded to the U.S. Patent Office for further review. The decision is seen as a win for LKQ and could impact the cost and availability of replacement auto parts.

Portfolio Pulse from Shivani Kumaresan

May 22, 2024 | 2:17 pm

AAPL

AMZN

BOTZ

GOOGL

META

MSFT

NVDA

Ahead of Nvidia's (NASDAQ:NVDA) earnings report, Wedbush analyst Daniel Ives is optimistic about AI-levered stocks. Ives expects Nvidia to play a crucial role in AI monetization, with a 'beat-and-raise' anticipated. The focus will be on data center AI-driven spending and GPU demand. Other big tech companies like Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Meta (NASDAQ:META), Amazon (NASDAQ:AMZN), and Apple (NASDAQ:AAPL) have already confirmed AI monetization progress. The Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) fell 0.62% while Nvidia rose 0.29%.

Portfolio Pulse from Shanthi Rexaline

May 22, 2024 | 2:17 pm

TJX

TJX Companies shares are trading higher after the company reported better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 2:15 pm

ETHE

The article discusses the potential approval of an Ethereum (ETH) ETF and its implications. Crypto trader Evanss6 highlights known factors such as the likelihood of approval and Grayscale's significant Ethereum holdings. Unknown factors include the exact timeline for the ETF launch and macroeconomic conditions. The trader draws parallels to the Bitcoin ETF approval process and suggests that conservative expectations for Ethereum ETF inflows could lead to positive surprises.

Portfolio Pulse from Khyathi Dalal

May 22, 2024 | 2:09 pm

BYDDY

NIO

TSLA

VWAGY

XPEV

XPeng Inc (NYSE:XPEV) reported strong first fiscal quarter results, narrowing its loss and increasing EV deliveries and margins. The company also provided optimistic second-quarter guidance and announced future plans, including the launch of new models and expansion into international markets.

Portfolio Pulse from Upwallstreet

May 22, 2024 | 2:06 pm

SPY

USA Existing Home Sales for April decreased by 1.9% compared to a 3.7% decline in the previous month. This indicates a slower rate of decline in the housing market.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 2:00 pm

PANW

Palo Alto Networks (NASDAQ:PANW) has significantly outperformed the market over the past 10 years, delivering an average annual return of 29.34%. A $1000 investment in PANW 10 years ago would be worth $13,101.57 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 22, 2024 | 2:00 pm