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AAPL

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NVDA

Nvidia Corporation (NASDAQ:NVDA) is rapidly approaching the market capitalizations of Microsoft Corporation (NASDAQ:MSFT) and Apple Inc (NASDAQ:AAPL) after strong first-quarter earnings and guidance. Nvidia's shares hit new all-time highs, closing at $1,140.53, with a market cap of $2.805 trillion. The company needs to reach $1,180.31 per share to surpass Apple and $1,295.79 per share to surpass Microsoft. Analysts have raised price targets, and Nvidia's recent dividend increase and stock split could attract new investors.

Portfolio Pulse from Chris Katje

May 29, 2024 | 1:14 pm

AFRM

COIN

CSCO

MSTR

SMCI

SPY

WSM

A hedged portfolio created during Thanksgiving week last year outperformed the SPDR S&P 500 Trust ETF (SPY) by more than double over six months. The portfolio included stocks like Affirm Holdings (AFRM), Coinbase Global (COIN), Fabrinet (FN), MicroStrategy (MSTR), Super Micro Computer (SMCI), Splunk (acquired by Cisco Systems, CSCO), and Williams Sonoma (WSM). The outperformance is attributed to a new security selection method and an algorithm for optimal hedging.

Portfolio Pulse from David Pinsen

May 29, 2024 | 1:14 pm

CTLT

Catalent stockholders have approved the acquisition by Novo Holdings for $63.50 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:08 pm

SAGE

Over the past three months, 17 analysts have evaluated Sage Therapeutics (NASDAQ:SAGE), with a mix of bullish, bearish, and neutral ratings. The average 12-month price target has declined from $25.92 to $19.76. Recent analyst actions include several downgrades and lowered price targets, reflecting cautious sentiment. Sage Therapeutics has shown significant revenue growth but faces challenges with negative net margins and ROA.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 1:01 pm

RCL

Royal Caribbean Gr (NYSE:RCL) has received a mix of bullish and bearish ratings from 12 analysts in the latest quarter. The average 12-month price target is $162.08, reflecting a 6.98% increase from the previous target. Analysts have raised their price targets, indicating positive sentiment. Despite strong revenue growth, the company faces challenges in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 1:00 pm

MSTR

Analysts have provided mixed ratings for MicroStrategy (NASDAQ:MSTR) over the past three months, with a majority being bullish. The average 12-month price target has increased by 38.76% to $1769.2. Despite positive analyst sentiment, MicroStrategy faces financial challenges, including declining revenue, low net margins, and high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 1:00 pm

RIVN

TSLA

VWAGY

Volkswagen plans to introduce affordable electric cars priced at 20,000 euros in Europe by 2027. The company aims to make electromobility widespread with entry-level vehicles, despite challenges like rising energy and raw material costs. Volkswagen is also focusing on high localization to reduce emissions.

Portfolio Pulse from Anan Ashraf

May 29, 2024 | 12:59 pm

DASH

DLVHF

DROOF

JTKWY

Top food delivery companies like DoorDash, Deliveroo, Just Eat Takeaway, and Delivery Hero have reported over $20 billion in operating losses since going public. These companies are facing a challenging economic environment, leading to a decline in their stock prices. They are now exploring new revenue streams and experiencing industry consolidation.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 12:59 pm

GWX

LILM

SPDW

Lilium NV (NASDAQ:LILM) stock is trading higher as Volare Aviation subsidiary eVolare agreed to acquire 4 Lilium Jets and reserve up to 12 production slots. Lilium also expanded its partnership with Luxaviation Group to create electrified ground infrastructure in Europe and the Middle East. Lilium stock has lost 13% in the last 12 months. Investors can gain exposure via SPDR Portfolio Developed World Ex-US ETF (NYSE:SPDW) and SPDR S&P International SmallCap ETF (NYSE:GWX).

Portfolio Pulse from Anusuya Lahiri

May 29, 2024 | 12:57 pm

AAPL

ASTS

GSAT

UFO

XTL

AST SpaceMobile Inc (NASDAQ:ASTS) shares surged after announcing a $100 million partnership with Verizon Communications Inc (NYSE:VZ) to provide direct-to-cellular service. The deal includes $65 million in commercial prepayments and $35 million in convertible notes. AST SpaceMobile also has agreements with over 45 mobile network operators globally. The stock is up 19.50% premarket.

Portfolio Pulse from Anusuya Lahiri

May 29, 2024 | 12:56 pm