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TRNS

Transcat shares are trading higher after the company reported better-than-expected Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 3:33 pm

AMD

MSFT

AMD has showcased its end-to-end compute and software capabilities for Microsoft. Microsoft is utilizing AMD's Instinct MI300X accelerators, ROCm open software, Ryzen AI processors, and Alveo MA35D media accelerators for AI deployments. Additionally, new Azure ND MI300X VMs are now available.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 3:32 pm

MFIN

ZimCal Asset Management has sent a letter to Medallion Financial Corp. (MFIN) stockholders criticizing high executive compensation and poor stock performance. ZimCal, a major investor in MFIN, is in a proxy contest to replace two board directors, believing this will unlock significant value for the company.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 3:32 pm

POOL

Pool Corporation (NASDAQ:POOL) has significantly outperformed the market over the past 15 years, delivering an average annual return of 22.47%. A $100 investment in POOL 15 years ago would be worth $2,090.25 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 3:31 pm

C

High-rolling investors have shown unusual bullish activity in Citigroup's (NYSE:C) options, with 60% of trades being bullish. This significant move often signals privileged information. The stock is currently trading at $64.09, up by 1.47%, and has an average target price of $86.0.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 3:31 pm

PSA

Public Storage (NYSE:PSA) has outperformed the market over the past 20 years with an average annual return of 9.55%, resulting in a significant growth in investment value. A $100 investment in PSA 20 years ago would be worth $626.13 today.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 3:31 pm

PLTR

Investors have taken a bearish stance on Palantir Technologies (NYSE:PLTR) as indicated by unusual options activity. Benzinga's options scanner detected 16 uncommon options trades, with 56% being bearish. The trading volumes and open interest suggest a focus on a price band between $3.0 and $26.0. Analysts have mixed ratings on PLTR, with price targets ranging from $9 to $35.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 3:31 pm

KGRN

NIO

PGJ

TSLA

XIACY

NIO Inc. (NYSE:NIO) shares are trading higher on Tuesday following a visit from Xiaomi Corp. (OTC:XIACY) founder Lei Jun to NIO's Shanghai office. The visit, which included a tour of NIO's Onvo L60 model, was part of a broader collaboration between the two companies. Xiaomi aims to integrate its ecosystem products into other brands' vehicles, including NIO's. NIO's stock has fallen over 41% in the past year, and investors can gain exposure through ETFs like KraneShares MSCI China Clean Technology Index ETF (NYSE:KGRN) and Invesco Golden Dragon China ETF (NASDAQ:PGJ).

Portfolio Pulse from Nabaparna Bhattacharya

May 21, 2024 | 3:30 pm

WALD

Waldencast shares are trading higher after the company reported a year-over-year increase in Q1 sales results.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 3:29 pm

BTCUSD

ETHUSD

Economist and crypto trader Alex Krüger predicts that Bitcoin will rise significantly by year-end, while Ethereum may underperform due to a potential ETF rejection. However, he suggests that the U.S. elections could lead to regulatory changes and an Ethereum ETF approval in 2025, which would boost Ethereum's performance. An unexpected early approval of an Ethereum ETF could drive Ethereum to new all-time highs. Bloomberg analysts have updated the approval chances to 75%. Traders should stay vigilant until the decision on May 23.

Portfolio Pulse from Khyathi Dalal

May 21, 2024 | 3:26 pm