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SOLUSD

A trader transformed an $8,673 investment in a hamster-themed meme coin, Hammy (HAMMY), into $1.26 million in two months, showcasing the high-reward potential of investing in lesser-known crypto tokens. The trader initially bought 24.8 million HAMMY with 60 Solana (SOL) and sold half of their holdings for a significant profit while retaining the rest, which remains valuable. This story highlights the volatile yet lucrative nature of the crypto market, especially within emerging blockchains like Solana.

Portfolio Pulse from Khyathi Dalal

May 07, 2024 | 2:51 pm

NUZE

NuZee shares were halted due to a circuit breaker triggered by a rapid increase in the stock price, which surged 93.2%.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:51 pm

SPG

Simon Property Group's shares have seen an increase following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:46 pm

AHOY

EQTY

J

Jacobs Solutions Inc. (NYSE:J) reported Q2 FY24 results with revenue of $4.27 billion and adjusted EPS of $1.91, both surpassing consensus estimates. Despite the beat, shares fell after the company narrowed its FY24 outlook for adjusted EBITDA and EPS. Jacobs also announced a deal to separate and combine its CMS and parts of the Divergent Solutions businesses with Amentum, expected to close in 2H FY24. The stock is part of Tidal ETF Trust Newday Ocean Health ETF (NYSE:AHOY) and Valued Advisers Trust Kovitz Core Equity ETF (NYSE:EQTY).

Portfolio Pulse from Lekha Gupta

May 07, 2024 | 2:46 pm

RDY

Dr Reddy's Laboratories' shares are trading lower due to a revenue miss in Q4.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:46 pm

WMT

Financial giants have shown a bullish sentiment on Walmart (WMT) through options trading, with a focus on a price range between $56.67 and $65.00. Analysis of 8 unusual trades revealed an equal split between puts and calls, indicating mixed market expectations. The largest trades include both bearish and bullish positions, with significant open interest in calls for January 2026. Walmart's current market position shows a slight price increase to $60.1, with an upcoming earnings announcement. Analysts, including Evercore ISI Group, maintain an Outperform rating with a target price of $66.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 2:46 pm

COST

Options market analysis for Costco Wholesale (NASDAQ:COST) shows a bullish sentiment among investors, with 64% of trades being bullish. The price range is predicted between $660.0 and $860.0. Notable options activity includes both bullish and bearish trades with varying strike prices and sentiments. Costco's current market position is strong, with a 1.14% increase in stock price to $765.09, though RSI indicators suggest it may be overbought. Analysts have mixed ratings, with a consensus target price of $730.0. Trading volume is at 326,294, and an earnings announcement is expected in 23 days.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 2:45 pm

ACM

AECOM's stock price has decreased due to the company reporting a Q2 earnings per share (EPS) that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:40 pm

IP

International Paper's stock price increased after reports emerged of Suzano making an acquisition offer for the company.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:39 pm

SUZ

Suzano shares are trading lower after reports surfaced that the company has made an offer to acquire International Paper. This move has sparked investor concerns about the financial implications and potential dilution of shares.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:39 pm