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CART

UBER

Maplebear Inc. (NYSE:CART) and Uber Technologies, Inc. (NYSE:UBER) have announced a strategic collaboration to integrate Uber Eats restaurant delivery services into the Instacart platform. This partnership aims to expand service offerings for Instacart, allowing customers to order from a wide range of restaurants directly through the Instacart app. The collaboration is expected to drive more business for restaurants, create more earnings opportunities for couriers, and enhance convenience for users by combining grocery and restaurant delivery services into one platform.

Portfolio Pulse from Shivani Kumaresan

May 07, 2024 | 4:40 pm

IXHL

Incannex Healthcare Inc. (NASDAQ:IXHL) announced the successful completion of a pre-investigational new drug meeting with the FDA for CannQuit-O, a treatment for opioid use disorder combining CBD and an opioid antagonist. The FDA provided feedback and recommendations for the clinical development strategy. Incannex has partnered with Eurofins Scientific to manufacture this and another product aimed at treating nicotine disorders. The company's shares rose 9.09% to $2.52 following the announcement.

Portfolio Pulse from Jelena Martinovic

May 07, 2024 | 4:35 pm

CMPO

CompoSecure shares surged following the announcement of better-than-expected Q1 sales results and the reiteration of its FY24 net sales guidance. Additionally, Benchmark reaffirmed a Buy rating on CMPO and increased its price target from $8 to $10.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 4:32 pm

Over the past 5 years, Sea (NYSE:SE) has achieved an average annual return of 21.9%, outperforming the market by 8.88% annually. With a current market capitalization of $37.69 billion, a $100 investment in SE 5 years ago would be worth $255.47 today.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 4:31 pm

CTSH

Cognizant Tech Solns (NASDAQ:CTSH) has delivered an average annual return of 13.6% over the past 20 years, turning a $1000 investment into $12,248.75 today. With a current market cap of $33.08 billion, CTSH's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 4:31 pm

BYON

GSUN

JMIA

LCID

In Tuesday's intraday session, several consumer discretionary stocks experienced significant movements. Notably, Golden Sun Health (GSUN) surged by 72.2%, while Beyond (BYON) dropped by 21.2%. Other notable movers include Jumia Technologies (JMIA) with a 25.77% increase and Lucid Group (LCID) with a 13.35% decrease. These movements were largely driven by the release of Q1 earnings for some companies.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 4:31 pm

BVS

NUWE

STIM

TALK

Health care stocks showed significant movement in Tuesday's intraday session with notable gainers and losers following their Q1 earnings reports. Nuwellis, Bioventus, and Design Therapeutics were among the top gainers, while Neuronetics, Helius Medical Technologies, and Allarity Therapeutics led the losses.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 4:31 pm

BLDR

GRFX

JELD

PEGY

VINO

In Tuesday's intraday session, several industrials stocks experienced significant movements. Pineapple Energy, Graphex Gr, and Gaucho Group Holdings were among the top gainers, with Pineapple Energy leading at a 48.7% increase. On the downside, JELD-WEN Holding, Builders FirstSource, and Manitex International saw notable declines, with JELD-WEN Holding dropping by 24.9%. Earnings reports influenced many of these movements, with companies like Great Lakes Dredge & Dock and Air Transport Services Group releasing their Q1 earnings.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 4:31 pm

AIRE

MTC

PLTR

In Tuesday's intraday session, several information technology stocks experienced significant movements. MMTEC, ReAlpha Tech Corp, Alpha Technology Group, Thoughtworks Holding, and Zeta Global Holdings saw notable gains, with increases attributed to factors such as Q1 earnings reports. Conversely, Strong Global, Transact Technologies, Tungray Technologies, Palantir Technologies, Cipher Mining, and Rubicon Technologies faced declines, with some linked to their Q1 earnings outcomes.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 4:31 pm

LYFT

Lyft's options market has seen significant activity, with an equal split between bullish and bearish trades among investors. Notable trades include both calls and puts, with a targeted price range of $12.0 to $35.0. The current stock price of Lyft is $16.81, down 4.05%, with neutral RSI indicators. Analyst ratings suggest a mixed outlook, with an average target price of $18.33. Key trades and analyst ratings from Tigress Financial, Morgan Stanley, and Wells Fargo highlight the diverse expectations for Lyft's stock performance.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 4:31 pm