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AMZN

BABA

CGRO

MSFT

NVDA

PGJ

Alibaba Group Holding Limited (NYSE:BABA) is supporting China's generative AI startups by providing cloud credits instead of cash investments, aiming to become a leader in the AI sector. This strategy mirrors Microsoft Corp's (NASDAQ:MSFT) and Amazon.Com Inc's (NASDAQ:AMZN) approaches but with a unique computing-for-equity model. Alibaba has invested in startups like Moonshot and Zhipu, and is leveraging its inventory of Nvidia Corp (NASDAQ:NVDA) GPUs. The company's stock can be accessed through ETFs like Invesco Golden Dragon China ETF (NASDAQ:PGJ) and Tidal Trust II CoreValues Alpha Greater China Growth ETF (NYSE:CGRO).

Portfolio Pulse from Anusuya Lahiri

May 13, 2024 | 12:28 pm

SRE

TTE

UTES

XLU

Sempra (NYSE:SRE) is reconsidering its choice of Bechtel Energy for the Cameron LNG expansion in Louisiana due to rising construction costs. This dispute highlights the broader issue of increasing costs in the U.S. LNG export project sector. Sempra is seeking new bids for the project's engineering, procurement, and construction contractor. The Cameron LNG Phase 2 project involves Sempra LNG, TotalEnergies SE (NYSE:TTE), Mitsui, and Japan LNG Investment LLC. Sempra recently reported Q1 adjusted EPS of $1.34 and sales of $3.64 billion, missing sales consensus. SRE shares dropped 0.36% in premarket trading.

Portfolio Pulse from Lekha Gupta

May 13, 2024 | 12:28 pm

ENSC

Ensysce Biosciences (ENSC) reported Q1 2024 GAAP EPS of $(0.55), beating the $(0.90) estimate, but missed sales estimates with $305.722K against the expected $400.000K. This represents a 61.28% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:27 pm

XBP

XBP Europe Holdings reported a Q1 EPS of $(0.07), improving from $(0.11) YoY, but saw a decrease in sales to $40.28M from $42.78M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:23 pm

CBRL

Truist Securities analyst Jake Bartlett has maintained a Hold rating on Cracker Barrel Old (NASDAQ:CBRL) but lowered the price target from $68 to $60.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:23 pm

CHRS

Truist Securities analyst Robyn Karnauskas maintains a Buy rating on Coherus BioSciences (CHRS) but lowers the price target from $8 to $7.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:19 pm

BNTC

Benitec Biopharma reported a Q3 2024 revenue of $0, a significant drop from the previous year's $54,000. This indicates a challenging period for the company, potentially impacting its financial stability and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:19 pm

BKKT

Bakkt has announced a rescheduling of its Q1 2024 earnings results and conference call to May 15, 2024. This change may impact investor expectations and market sentiment around the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:17 pm

BTCUSD

DOGEUSD

ETHUSD

SOLUSD

Crypto analyst Alex Kuptsikevich warns that Bitcoin falling below $60,000 could trigger widespread panic selling due to a series of lower lows and highs, miner sell-offs, and fears of tighter regulation. A rise above $65,000 could signal a positive turn. Ethereum, Solana, and Dogecoin saw increases following Bitcoin's brief surge past $63,000. The market faces pressure from falling consumer sentiment, economist forecast misses, and upcoming token unlocks.

Portfolio Pulse from Benzinga Neuro

May 13, 2024 | 12:17 pm

CROX

Wedbush analyst Tom Nikic maintains an Outperform rating on Crocs (NASDAQ:CROX) and raises the price target from $156 to $170.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:16 pm