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SONY

GameStop is converting some stores into retro gaming retailers, focusing on older consoles and games to attract nostalgic gamers. This move aims to counteract the shift towards digital gaming and boost sales. GameStop's stock has risen recently, and more details may be revealed in their upcoming financial report.

Portfolio Pulse from Chris Katje

August 29, 2024 | 4:53 pm

DUK

Bill Baruch announced on CNBC that he has sold his position in Duke Energy. This decision may influence investor sentiment and impact Duke Energy's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:51 pm

WBA

Wealthy investors are showing interest in Walgreens Boots Alliance (WBA) through significant options trades, with a split sentiment of 50% bullish and 50% bearish. The options activity suggests a targeted price range of $9.0 to $45.0. Currently, WBA is trading at $9.37, slightly down by 0.11%, and may be oversold according to RSI readings.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 4:49 pm

LOUP

RDDT

Reddit, Inc. (NYSE:RDDT) shares surged after resolving a platform outage issue. The company reported strong second-quarter revenue and positive third-quarter forecasts. Investors can access Reddit stock via Innovator Deepwater Frontier Tech ETF (NYSE:LOUP).

Portfolio Pulse from Lekha Gupta

August 29, 2024 | 4:45 pm

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NVDA

ON

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XSD

Semiconductor ETFs and stocks rallied despite Nvidia's dip due to unimpressive guidance. Nvidia's earnings exceeded expectations, but its outlook didn't excite investors. Other semiconductor companies and ETFs saw gains, with positive sentiment towards the broader market.

Portfolio Pulse from Piero Cingari

August 29, 2024 | 4:37 pm

CTVA

Corteva (NYSE:CTVA) has delivered an average annual return of 15.17% over the past 5 years, outperforming the market by 1.02% annually. A $1000 investment in CTVA 5 years ago would be worth $2,025.86 today, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 4:31 pm

BABA

Whales are showing a bullish stance on Alibaba (NYSE:BABA) with 53% of recent options trades being bullish. Analysts have set an average price target of $109.2, with current trading at $81.25. The stock is up 2.05% and may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 4:31 pm

CVE

Cenovus Energy (NYSE:CVE) has outperformed the market over the past 5 years with an average annual return of 17.18%, surpassing the market by 3.04% annually. A $1000 investment in CVE 5 years ago would now be worth $2,209.40.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 4:31 pm

AVGO

Broadcom (NASDAQ:AVGO) has seen significant unusual options activity, with a majority of trades being bullish. The analysis reveals a focus on a price range between $50.0 and $235.0. Broadcom's stock is up 2.12%, with an upcoming earnings report in 7 days.

Portfolio Pulse from Benzinga Insights

August 29, 2024 | 4:31 pm

AZUL

Azul Airlines has halted trading pending news, indicating a significant announcement or event that could impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:30 pm