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Stock Prices

AMC

AMC Entertainment shares are experiencing a decline after a significant surge earlier in the week.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:28 pm

WLDS

Wearable Devices shares are trading higher after the company announced that the China National Intellectual Property Administration granted its patent application for a gesture-controlled interface for wearable devices.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:27 pm

BLK

BTCUSD

JPM

TLT

XLRE

The U.S. Bureau of Labor Statistics accidentally released April's inflation data 30 minutes early, but traders failed to capitalize on the early release. Major indices like the S&P 500, Nasdaq 100, and Dow Jones Industrial Average surged after the official release time, with significant gains in rate-sensitive sectors. The Real Estate Select Sector SPDR Fund (XLRE) and iShares 20+ Year Treasury Bond ETF (TLT) saw notable increases, while Bitcoin experienced its best daily performance in nearly two months.

Portfolio Pulse from Piero Cingari

May 16, 2024 | 1:26 pm

AAPL

AMD

AMZN

CVX

GOOG

GOOGL

META

MSFT

NVDA

SHOC

SMH

XOM

Nvidia Corp (NASDAQ:NVDA) saw the most significant increase in market value among hedge fund holdings in Q1, driven by rising interest in AI. Hedge funds also adjusted their portfolios, increasing stakes in Amazon (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), and Microsoft (NASDAQ:MSFT), while reducing positions in each. Tiger Global boosted its stake in Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), Renaissance Technologies shifted from Exxon Mobil (NYSE:XOM) to Chevron (NYSE:CVX), and Two Sigma Advisers reduced technology holdings, including exiting Advanced Micro Devices (NASDAQ:AMD). Berkshire Hathaway (NYSE:BRK) reduced its stake in Apple (NASDAQ:AAPL). Analysts expect continued upside for Nvidia, driven by new GPU models and data center revenue growth.

Portfolio Pulse from Anusuya Lahiri

May 16, 2024 | 1:25 pm

GME

GameStop shares are trading lower, pulling back after recent strength.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:25 pm

KOSS

Koss shares are trading lower, pulling back from recent strength.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:24 pm

GTEC

Greenland Technologies (NASDAQ:GTEC) reported Q1 2024 earnings per share (EPS) of $0.18, significantly beating the analyst estimate of $0.03. However, the company's sales of $22.724 million slightly missed the estimate of $23.000 million.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:24 pm

IQ

IQIYI shares are trading lower following Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:23 pm

AI

AMC

BB

BBC

GIL

GME

NVDA

SMCI

TSLA

WMT

The top 10 trending stocks on WallStreetBets as of May 16, 2024, include AI, AMC, BB, BBC, GIL, GME, NVDA, SMCI, TSLA, and WMT, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:19 pm

TGT

WMT

Target Corp (NYSE:TGT) shares are trading higher in sympathy with Walmart Inc (NYSE:WMT), which reported better-than-expected earnings results for the first quarter. Walmart's strong performance has positively influenced Target's stock ahead of its own earnings report on May 22.

Portfolio Pulse from Adam Eckert

May 16, 2024 | 1:16 pm