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CAN

IEMG

VXUS

Canaan Inc (NASDAQ:CAN) reported a fiscal Q1 2024 revenue decline of 36.5% YoY to $35.09 million, beating the analyst consensus estimate of $30.10 million. The earnings per ADS loss of $(0.16) also beat the analyst consensus estimate loss of $(0.36). The stock price gained after the report. The company sold a total computing power of 3.4 million Thash/s and held $54.7 million in cash and equivalents as of March-end. Canaan's Bitcoin holdings surpassed 1,000 for the first time, reaching 1,057 Bitcoins. The company introduced new A1566 mining machines and maintained a revenue outlook of $70 million for Q2 2024. Canaan stock plunged 55% in the last 12 months. Investors can gain exposure to the stock via Vanguard Total International Stock ETF (NASDAQ:VXUS) and iShares Core MSCI Emerging Markets ETF (NYSE:IEMG).

Portfolio Pulse from Anusuya Lahiri

May 17, 2024 | 1:39 pm

DUO

Fangdd Network Group shares were halted on a circuit breaker due to a significant upward movement, with the stock now up 323.8%.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:36 pm

CRKN

Crown Electrokinetics shares are trading higher due to increased interest from retail investors on social media.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:29 pm

FFIE

Faraday Future Intelligent Electric shares are trading higher due to increased interest from retail investors on social media.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:27 pm

AGR

Avangrid shares have been halted pending news. Investors are awaiting further information that could impact the stock price.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:27 pm

LEXX

Lexaria Bioscience shares are trading higher after the company announced it has begun dosing in its GLP-1 animal study.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:25 pm

OUST

On May 16, 2024, Ouster's President and CEO Angus Charles Pacala, CTO Mark Frichtl, and Virginia Boulet made significant insider purchases of Ouster shares at average prices of $12.33, $12.34, and $12.20 per share, respectively.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:24 pm

AMC

AMD

BB

GIL

GME

NVDA

RDDT

SMCI

SNDL

TSLA

The top 10 trending stocks on WallStreetBets as of May 17, 2024, include AMC, AMD, BB, GIL, GME, NVDA, RDDT, SMCI, SNDL, and TSLA, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:23 pm

MSFT

Microsoft plans to release the latest installment of Call of Duty on its Game Pass subscription service at launch this fall, marking a significant shift in its videogame sales strategy. This move follows the $75 billion acquisition of Activision Blizzard.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 1:19 pm

DECK

LULU

NKE

ONON

Jim Cramer discussed the challenges facing the athletic apparel industry, highlighting the struggles of Nike and Lululemon, while praising the growth of On Holding and Deckers Outdoor. Despite high valuations, Cramer emphasized the potential for outsized growth in these companies.

Portfolio Pulse from Michael Cohen

May 17, 2024 | 1:17 pm