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UBER

Over 10,500 London black-cab drivers have filed a £250 million lawsuit against Uber Technologies Inc (NYSE:UBER), accusing the company of breaking taxi booking rules and misleading authorities. This legal challenge comes amidst a 21% drop in Uber's stock price over the past two months, reflecting volatility in its financial performance.

Portfolio Pulse from Zaheer Anwari

May 28, 2024 | 4:48 pm

SE

Sea Limited (NYSE:SE) shares are trading lower after its subsidiary, Shopee, was accused of anti-competition breaches in Indonesia. The Indonesian antitrust agency, KPPU, claims Shopee directed customers to specific delivery services, reducing options. Shopee is expected to present its defense next month.

Portfolio Pulse from Dylan Berman

May 28, 2024 | 4:48 pm

DECK

Deckers Outdoor Corp (NYSE:DECK) has been upgraded from Hold to Buy by Truist Securities' analyst Joseph Civello, who also raised the price target from $1,011 to $1,200. The upgrade is driven by strong performance and growth potential in the Hoka and UGG brands.

Portfolio Pulse from Priya Nigam

May 28, 2024 | 4:47 pm

SNOW

Deep-pocketed investors are showing significant interest in Snowflake (NYSE:SNOW) with a mix of bullish and bearish options activities. Benzinga's options scanner highlighted 22 extraordinary options activities, indicating potential price movements between $85.0 and $190.0. Analysts have mixed ratings, with an average price target of $201.0.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 4:46 pm

BAC

Financial giants have made significant bearish moves on Bank of America (NYSE:BAC) options, with 60% of trades being bearish. The stock is currently trading at $39.41, down by 0.72%. Analysts have mixed ratings with target prices ranging from $40 to $46.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 4:45 pm

CAVA

Cava Group, Inc. (NYSE:CAVA) shares are trading higher ahead of its first-quarter earnings report, with the stock up over 20% in the past month. Analysts expect earnings of 4 cents per share and sales of $245.935 million. The company recently opened a new production facility in Virginia, and Stifel raised its price target to $90. Cava shares are trading above the 50-day moving average, with 15.37% of shares sold short.

Portfolio Pulse from Erica Kollmann

May 28, 2024 | 4:44 pm

BTCUSD

ETHUSD

GBTC

A survey funded by Grayscale reveals that one-third of U.S. voters will consider a political candidate's stance on cryptocurrencies in the 2024 elections. The survey highlights the growing importance of crypto in political campaigns and investment portfolios, with significant awareness and investment in Bitcoin and Ethereum. The introduction of Ether ETFs and the desire for more regulation are also noted.

Portfolio Pulse from Murtuza Merchant

May 28, 2024 | 4:44 pm

DJT

The trial of former President Donald Trump, accused of falsifying business records related to a hush money payment, is nearing its conclusion with closing arguments set to begin. The jury has multiple potential outcomes to decide from, including guilty on all counts, guilty on some counts, not guilty, hung jury, or a directed verdict. The trial's outcome could significantly impact Trump's future, including his control over Trump Media & Technology Group Corp (NASDAQ:DJT).

Portfolio Pulse from Chris Katje

May 28, 2024 | 4:39 pm

GETY

Getty Images Holdings, Inc. (NYSE: GETY) shares are up 4.11% to $3.55 following a partnership with FILMPAC to distribute premium stock footage. The collaboration aims to meet the high-quality content demands of Getty's clients. Despite a 5.2% year-over-year decrease in Creative revenue in Q1, the company continues to expand its offerings, including the recent acquisition of Motorsport Images.

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 4:38 pm

GME

GameStop Corporation (NYSE:GME) has completed an at-the-market share offering, raising nearly $1 billion. The company plans to use the proceeds for general corporate purposes, including potential acquisitions and investments. The stock has rallied, driven by investor excitement and social media interest.

Portfolio Pulse from Chris Katje

May 28, 2024 | 4:32 pm