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DWAC

Trump Media & Technology Group (TMTG) went public through a merger with Digital World Acquisition Corporation (NASDAQ:DWAC), despite facing multiple setbacks including shareholder vote delays, investigations, and legal actions. Market experts view TMTG as a 'meme stock' and a way to bet on or against Trump rather than its underlying business. The stock saw a 37% increase on its debut day, with shares hitting new 52-week highs. Trump, owning 80 million shares, faces a six-month lockup, with speculation about potential share sales to free up capital.

Portfolio Pulse from Chris Katje

March 26, 2024 | 6:36 pm

VERI

Veritone shares are trading higher following the company's announcement of Ask Veri.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 6:35 pm

HUM

Over the past 10 years, Humana (NYSE:HUM) has outperformed the market with an average annual return of 11.89%, turning a $100 investment into $309.16 today. Humana's market capitalization currently stands at $42.01 billion.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 6:30 pm

TCOM

Over the past 20 years, Trip.com Group (NASDAQ:TCOM) has produced an average annual return of 17.46%, outperforming the market. A $1000 investment in TCOM 20 years ago would be worth $24,924.47 today. Trip.com Group's market capitalization currently stands at $29.08 billion.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 6:30 pm

XEL

Xcel Energy Inc. (NASDAQ:XEL) experienced a 1.44% drop in the current session, trading at $51.73. Over the past month and year, the stock has fallen by 11.25% and 22.26%, respectively. Its P/E ratio of 16.35, compared to the Electric Utilities industry average of 18.0, suggests it may be undervalued or expected to perform worse than its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 6:30 pm

TCEHY

Tencent Holdings ADR (OTC:TCEHY) is leveraging the success of Palworld by developing mobile games with similar open-world and pet companionship elements through its studios, Timi and Lightspeed. This move aims to rejuvenate Tencent's core business amidst a 2% dip in gaming revenue and increased competition. The strategy includes shifting resources, hiring new talent, and focusing on rapid development and monetization to capture a global gaming audience.

Portfolio Pulse from Franca Quarneti

March 26, 2024 | 6:26 pm

HGV

Mizuho analyst Ben Chaiken initiated coverage on Hilton Grand Vacations Inc. (NYSE:HGV) with a Buy rating and a price target of $63, citing potential revenue synergies from the Bluegreen transaction and benefits from selling more owned inventory. Chaiken forecasts a $1.24 billion EBITDA for FY24 and sees upside from conservative sales & marketing expectations. HGV shares rose 2.6% to $46.98.

Portfolio Pulse from Nabaparna Bhattacharya

March 26, 2024 | 6:21 pm

BMMJ

Body and Mind Inc. (BMMJ) reported its Q2 fiscal year 2024 financial results, showing a 94% reduction in net loss year-over-year and flat revenue growth. The company announced the divestiture of its Nevada operations for $2 million to focus on expanding in the Illinois and New Jersey markets, which are seen as underserved. Gross profit and margin improved, while operating expenses decreased. BMMJ's stock dropped 15.9574% following the announcement.

Portfolio Pulse from Jelena Martinovic

March 26, 2024 | 6:16 pm

TNL

Mizuho analyst Ben Chaiken initiated coverage on Travel+Leisure Co (NYSE:TNL) with a Neutral rating and a $55 price target, citing headwinds in the Vacation Ownership Interests (VOI) and Travel & Membership segments. The VOI segment faces challenges from accelerating new owner sales and rising interest rates, leading to a $30 million EBITDA headwind in FY24. The Travel & Membership segment is impacted by industry consolidation and lack of traction in TNL's travel club. Despite short-term challenges, the long-term outlook remains positive.

Portfolio Pulse from Shivani Kumaresan

March 26, 2024 | 6:12 pm

MKC

STX

TNDM

TSLA

UPS

VKTX

Wall Street is poised to end a two-day losing streak with major indices showing modest gains. The S&P 500, Dow Jones, Nasdaq 100, and Russell 2000 all saw increases, while the VIX index's decline indicates low market volatility. Economic data revealed a 1.4% rise in durable goods orders, exceeding expectations. Sector performance was mixed, with retail stocks leading gains. Notable stock movements include Tesla's rise after Italy's interest in electric truck production, UPS's decline following CEO remarks, and McCormick's surge on strong earnings. Other significant movers were Seagate Technology, Tandem Diabetes Care, and Viking Therapeutics. GameStop, nCino, and Progress Software are set to report earnings.

Portfolio Pulse from Piero Cingari

March 26, 2024 | 6:08 pm