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MSFT

Microsoft announced a €4 billion investment to enhance its Cloud and AI infrastructure in France, aligning with the French government's 'Choose France' initiative. The stock has shown a 9% recovery after a near 10% decline, with potential to reach $500.

Portfolio Pulse from Zaheer Anwari

May 16, 2024 | 12:27 pm

RKDA

Arcadia Biosciences shares are trading higher following the announcement of the sale of its GoodWheat brand.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:27 pm

IMPP

Imperial Petroleum (NASDAQ: IMPP) reported Q1 2024 adjusted EPS of $0.59, significantly beating the $0.23 estimate. Sales were $41.203M, also surpassing the $35.400M estimate. However, both EPS and sales showed a significant decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:24 pm

SMXT

SolarMax Technology (NASDAQ:SMXT) reported a significant decline in its Q1 earnings and sales. The company posted a loss of $(0.46) per share, a 2400% decrease from $0.02 per share last year. Sales also dropped by 55.21% to $5.76 million from $12.87 million.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:24 pm

AMAT

Applied Materials, Inc. (NASDAQ:AMAT) is set to release its Q2 earnings report, with analysts expecting earnings of $1.99 per share and revenue of $6.54 billion. Jefferies analyst Blayne Curtis downgraded the stock from Buy to Hold and reduced the price target from $215 to $210. The company's dividend yield is currently 0.74%, translating to a quarterly dividend of 40 cents per share. Shares of Applied Materials rose 3.7% to close at $217.49 on Wednesday.

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 12:22 pm

SHIBUSD

Shiba Inu (SHIB) has seen a 6.7% increase in the past 24 hours, driven by bullish sentiment from traders and the launch of ShibaSwap on Shibarium. Analysts predict further short-term upside due to technical patterns and increased SHIB burns.

Portfolio Pulse from Khyathi Dalal

May 16, 2024 | 12:22 pm

HUBB

NTAP

PRGS

V

The Nasdaq 100 closed higher by around 1.5% on Wednesday. Notable insider sales were observed in Progress Software, Visa, Hubbell, and NetApp. Insider sales can indicate various factors, including preplanned sales or concerns about the company's prospects.

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 12:20 pm

JPM

SPY

JPMorgan Chase CEO Jamie Dimon stated on Bloomberg TV that China is not a natural enemy of the U.S., although the geopolitical situation remains tense.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:20 pm

JPM

SPY

JPMorgan Chase CEO Jamie Dimon predicts that inflation may persist into next year, which could keep interest rates higher. He also noted that markets have been good and healthy for a while.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:19 pm

CNTG

Centogene shares are trading higher after the company reported a year-over-year increase in FY23 EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:18 pm