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Super Micro Computer Inc (SMCI) experienced a significant drop, illustrating the volatility and risks in artificial intelligence (AI) investments. The article emphasizes the importance of prudent investment strategies, highlighting the differences between SMCI and other tech companies like Nvidia (NVDA). It also discusses the broader stock market's dependence on Federal Reserve decisions, with a focus on the upcoming FOMC meeting. Additionally, it provides insights into current money flows in major tech stocks and sectors, including the performance of gold, oil, and Bitcoin.

Portfolio Pulse from The Arora Report

May 01, 2024 | 2:57 pm

GOOG

GOOGL

Alphabet Inc.'s Google has urged the U.S. government to reform immigration policies to attract global AI and tech talent, highlighting the current policies' inadequacy in addressing the shortage of AI and cybersecurity specialists. Google's call for updating the Schedule A list and streamlining the PERM process aims to make the U.S. a more attractive destination for top talent in the face of global competition and a domestic shortage of AI professionals.

Portfolio Pulse from Rounak Jain

May 01, 2024 | 2:52 pm

TFSL

TFS Financial shares are trading higher following the announcement of better-than-expected Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:51 pm

LTH

Life Time Group's shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:51 pm

QCOM

QUALCOMM Incorporated (NASDAQ:QCOM) is set to release its Q2 fiscal 2024 earnings on May 1, with expectations of earnings per share at $2.17, up from $2.15 the previous year, and projected quarterly revenue of $8.72 billion. The company also announced a quarterly cash dividend of 85 cents per share. Shares fell 2% to close at $165.85 recently. Analysts have provided varied ratings and price targets, with the most accurate analysts suggesting a range from $177 to $205.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 2:49 pm

ETH-USD

Donald Trump's crypto portfolio has suffered a significant loss, with a drawdown of over $1 million in the last two days as Bitcoin falls below $58,000. His portfolio, valued at $5.17 million, includes major holdings in MAGA Memecoin (TRUMP), Ethereum (ETH), and Wrapped Ethereum (WETH). The TRUMP meme coin, endorsing Trump, has lost over 50% of its value from its peak, despite reaching a high market cap of over $400 million since its launch.

Portfolio Pulse from Khyathi Dalal

May 01, 2024 | 2:49 pm

PRCT

PROCEPT BioRobotics shares surged following the announcement of Q1 financial results that exceeded expectations and the issuance of FY24 revenue guidance surpassing estimates.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:48 pm

SPY

UUP

U.S. manufacturing activity contracted in April, with the ISM Manufacturing PMI falling to 49.2%, indicating a decrease in activity after a brief expansion in March. The New Orders Index and Employment Index also showed signs of contraction, while the Prices Index indicated rising commodity costs. The U.S. dollar index weakened, and stock markets fell slightly in response. The market is now looking forward to the Federal Reserve's upcoming meeting for further direction.

Portfolio Pulse from Piero Cingari

May 01, 2024 | 2:47 pm

MAR

Marriott International Inc (NASDAQ:MAR) reported mixed Q1 FY24 earnings with a miss on adjusted EPS at $2.13 versus the estimated $2.17, despite beating sales growth estimates with $5.98 billion. The company saw a 6.5% year-on-year sales growth and a 4.2% increase in worldwide RevPAR. Operating margin contracted from 16.9% to 14.7%. Marriott also announced the launch of MGM Collection with Marriott Bonvoy, adding nearly 37,000 rooms. The company raised its FY24 adjusted EPS outlook but remains below analyst expectations. Shares fell by 1.03% to $233.78.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 2:46 pm

ARM

Deep-pocketed investors show a bearish trend in ARM Holdings (NASDAQ:ARM) options trading, with a notable division in sentiment: 38% bullish and 46% bearish. The trading activity suggests a price window of $90.0 to $120.0. ARM's current stock price is down by -3.96% at $97.2, with an anticipated earnings release in 7 days. Analyst ratings vary, with an average target price of $119.8, ranging from $85 to $156.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 2:46 pm