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ALLT

Allot (NASDAQ:ALLT) reported better-than-expected Q1 2024 results with an adjusted EPS of $(0.03) beating the $(0.11) estimate and sales of $21.890 million surpassing the $19.100 million estimate.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 9:01 am

Ford Motor Co (NYSE:F) has teased a new supertruck based on its F-150 Lightning, set to participate in the Pikes Peak International Hill Climb in June. This initiative aims to test the boundaries of Ford's EV powertrains, with insights to be applied to production vehicles. The F-150 Lightning is Ford's second best-selling EV in 2024, with sales up 74.8% year-over-year.

Portfolio Pulse from Anan Ashraf

May 29, 2024 | 8:37 am

SOLUSD

Caitlyn Jenner reaffirmed her support for the JENNER cryptocurrency, emphasizing it as a long-term project despite initial market volatility. The coin, launched on the Solana-based memecoin launchpad pump.fun, has seen a 7% decline since its debut but has amassed a market cap of $18.36 million. Jenner hinted at major news coming soon, although skepticism arose after she claimed being scammed by a middleman.

Portfolio Pulse from Aniket Verma

May 29, 2024 | 7:30 am

LCID

TSLA

Lucid CEO Peter Rawlinson criticized Tesla, suggesting the company has lost focus and is distracted by social media and politics. Rawlinson, who worked at Tesla from 2009 to 2012, believes Lucid can now take the lead in EV technology. The rivalry between Lucid and Tesla is intense, with Elon Musk previously predicting potential bankruptcy for Lucid. Lucid is expanding its market with a new midsize vehicle expected in 2026 but is currently unprofitable.

Portfolio Pulse from Anan Ashraf

May 29, 2024 | 7:19 am

INSM

Insmed Inc. announced plans to raise $500 million through a public offering of common stock.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 7:06 am

AAP

BITF

CRM

DKS

ESLT

HPQ

RIOT

The CNN Money Fear and Greed index remained in the 'Neutral' zone on Tuesday. U.S. stocks closed higher, with the Nasdaq Composite settling above 17,000 for the first time. Bitfarms Ltd. shares jumped over 9% after Riot Platforms announced plans to acquire all outstanding shares. Elbit Systems Ltd. shares fell around 2.7% after reporting Q1 results. Investors are awaiting earnings results from DICK’S Sporting Goods, Advance Auto Parts, Salesforce, and HP Inc.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 7:05 am

AAP

DKS

HEI

HPQ

OOMA

U.S. stock futures are trading lower this morning. Key stocks to watch include Advance Auto Parts, Ooma, Dick’s Sporting Goods, HEICO Corporation, and HP Inc. Advance Auto Parts is expected to report earnings of 68 cents per share on $3.43 billion revenue. Ooma reported strong Q1 results and issued positive guidance, causing shares to jump 17.7%. Dick’s Sporting Goods is expected to post earnings of $2.95 per share on $2.94 billion revenue. HEICO Corporation posted better-than-expected Q2 results, and HP Inc. is expected to report earnings of 81 cents per share on $12.6 billion revenue.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 7:05 am

FFIE

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) faced a significant drop in after-hours trading due to disappointing financial results and a warning letter from the SEC. The company reported a revenue of $0.8 million for fiscal year 2023, far below analyst estimates, and a net loss of $432 million. Faraday Future also received a delisting threat from Nasdaq for late filing of its 10-Q report. Despite these challenges, Reddit users are rallying to support the stock, reminiscent of previous meme stock surges.

Portfolio Pulse from Shanthi Rexaline

May 29, 2024 | 7:05 am

CATY

Cathay General Bancorp has announced a new $125 million share repurchase program. The previous program, also worth $125 million, was completed on February 21, 2023, with the repurchase of 2,897,628 shares at an average cost of $43.14.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 7:00 am

SMFL

Smart For Life has completed its restructuring program, which is expected to enhance its financial stability.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 6:58 am