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ADN

Trading halt status was updated at 8:55:00 AM ET, indicating a quotation resumption. The update may involve specific details about news and resumption times relevant to the trading halt.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:55 pm

DOGEUSD

GME

Dogecoin (DOGE) is anticipated to benefit from a GameStop (GME) rally, as per 'Bonk Guy', a trader known for significant meme coin profits. Bonk Guy's bullish stance on DOGE is based on its popularity among retail investors and its historical surge during the 2021 GameStop frenzy. Recent indicators and a rise in Dogecoin's key metrics, such as large transaction volume and daily active addresses, suggest potential growth. The correlation between GME's performance and meme coin popularity could drive DOGE prices up.

Portfolio Pulse from Khyathi Dalal

May 14, 2024 | 12:49 pm

NVEI

Nuvei Corporation (NASDAQ:NVEI) has announced the filing and mailing of a management proxy circular to shareholders regarding its go-private transaction with Advent International. The transaction offers a purchase price of US$34.00 per share, a 56% premium over the last closing price before the potential transaction was reported. Shareholders are advised to vote 'FOR' the arrangement before the June 14, 2024 deadline.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:49 pm

NWL

Barclays analyst Lauren Lieberman has upgraded Newell Brands (NASDAQ:NWL) from Underweight to Equal-Weight and set a price target of $8. This adjustment reflects a change in Barclays' outlook on the company, potentially due to improved performance or market conditions.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:48 pm

OII

Barclays analyst David Anderson downgraded Oceaneering International (OII) from Equal-Weight to Underweight and reduced the price target from $22 to $21.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:46 pm

XPRO

Barclays analyst David Anderson upgraded Expro Gr Hldgs (NYSE:XPRO) from Equal-Weight to Overweight and increased the price target from $18 to $27.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:44 pm

GLD

SPY

UUP

April's Producer Price Index (PPI) showed a significant uptick, marking the highest level in over a year and putting pressure on consumer prices. The PPI rose by 0.5% month-over-month, with an annual increase of 2.2%, exceeding estimates. This rise was driven by a 2% increase in energy prices and a 0.6% surge in services. The core PPI, excluding food and energy, also saw a 0.5% monthly increase. Following the report, Treasury yields and the U.S. dollar index strengthened, while futures on major U.S. stock indices and the SPDR S&P 500 ETF Trust (SPY) trended lower. The SPDR Gold Trust (GLD) rose by 0.5%.

Portfolio Pulse from Piero Cingari

May 14, 2024 | 12:43 pm

TRNO

Goldman Sachs analyst Caitlin Burrows has maintained a Neutral rating on Terreno Realty (NYSE:TRNO) and lowered the price target from $68 to $60.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:42 pm

LUCY

Innovative Eyewear (LUCY) reported Q1 2024 earnings with a GAAP EPS of $(0.15), surpassing the $(0.17) estimate, but missed sales estimates with $383.471K against the expected $700.000K. This represents a 164.61% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:41 pm

CGON

Goldman Sachs analyst Corinne Johnson upgraded CG Oncology (NASDAQ:CGON) from Neutral to Buy and increased the price target from $43 to $50.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 12:41 pm