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AULT

Ault Alliance, Inc. (AMEX:AULT) shares are trading higher after the company reported a significant year-over-year increase in its first-quarter financial results. The company posted earnings of 14 cents per share, a substantial improvement from a loss of $41.24 per share in the same period last year. Quarterly revenue increased by 55.24% to $44.93 million, with notable growth in digital assets mining and lending and trading activities. Despite the positive results, the company anticipates potential fluctuations in future quarters due to Bitcoin volatility and the evolving AI industry.

Portfolio Pulse from Erica Kollmann

May 21, 2024 | 5:52 pm

IREN

Iris Energy Limited (NASDAQ:IREN) shares are trading higher due to increased interest in cryptocurrency-related stocks. Ethereum's price spike and optimism about spot Ethereum ETFs have contributed to this interest. Iris Energy reported mining 1,003 Bitcoin in Q1, with revenue of $53.4 million. The stock is trading above its 50-day moving average and has a 1-year price target of $9.85.

Portfolio Pulse from Erica Kollmann

May 21, 2024 | 5:52 pm

PEP

TSLA

Tesla Inc (NASDAQ:TSLA) shares are trading higher after the company increased its 72-month loan rate in the U.S. from 0.99% to 1.99%. Additionally, Tesla is set to deliver 50 more Semi trucks to PepsiCo Inc (NASDAQ:PEP), and PepsiCo plans to expand its fleet with Tesla and Ford Motor Co (NYSE:F) electric vehicles. Meanwhile, a group of Tesla shareholders is urging investors to vote against Elon Musk’s $56 billion pay package at the upcoming annual shareholder meeting.

Portfolio Pulse from Adam Eckert

May 21, 2024 | 5:51 pm

GME

Robert F. Kennedy Jr. announced on X that he supports greater market transparency, stronger regulatory oversight, and tougher penalties for market manipulation. He also revealed a $24,000 investment in GameStop (GME) to show his commitment to these reforms.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 5:47 pm

GME

Robert F. Kennedy Jr. announced on X that he invested $24,000 in GameStop using fees earned from a lawsuit against Monsanto. This public endorsement could influence GameStop's stock price.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 5:47 pm

MPW

Investors have shown significant interest in Medical Properties Trust (NYSE:MPW) through options trading, with a mix of bullish and bearish sentiments. The trading volume is high, and the stock price has recently decreased. Analysts have mixed views, with a recent downgrade from RBC Capital.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 5:46 pm

CRLBF

GRAM

GRAMW

MSOS

TCNNF

YOLO

The Department of Justice's move to reclassify cannabis from Schedule I to Schedule III has led to a surge in cannabis stocks and ETFs. The AdvisorShares Pure US Cannabis ETF (MSOS) and AdvisorShares Pure Cannabis ETF (YOLO) saw significant gains. Cresco Labs (CRLBF) and Gold Flora (GRAM, GRAMW) reported mixed earnings, while Trulieve Cannabis (TCNNF) led in revenue and EBITDA growth. The reclassification aligns with a Democratic strategy to advance cannabis reform ahead of elections.

Portfolio Pulse from Patricio Liddle

May 21, 2024 | 5:45 pm

FEPI

GFS

NVDA

PSI

Micron Technology (MU) shares are trading lower after the company raised its 2024 capex expectations to $8 billion from $7.5 billion. Micron, a key beneficiary of the U.S. CHIPS Act, is a leading provider of high-bandwidth memory (HBM) chips used in AI servers. The company expects HBM to be a multibillion-dollar business by fiscal 2025 and aims to enable over 50% of PCs to be AI-enabled by 2027. Micron also announced workforce development initiatives and partnerships with GlobalFoundries (GFS) and the U.S. National Science Foundation (NSF). Investors can gain exposure to Micron via Invesco Semiconductors ETF (PSI) and REX FANG & Innovation Equity Premium Income ETF (FEPI).

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 5:42 pm

AMD

AOTG

INTC

MSFT

NVDA

SPRX

AMD has launched the cost-effective EPYC 4004 Series CPUs aimed at small and medium businesses and IT service providers. The new processors, based on the 'Zen 4' architecture, offer significant performance improvements over Intel's Xeon E-2488 CPUs. Analysts see AMD as a key player in the AI market, second only to Nvidia, and note its market share gains in the x86 processor and merchant accelerator sectors. AMD's acquisition of Xilinx is expected to yield significant long-term revenue synergies. Investors can gain exposure to AMD through AOT Growth And Innovation ETF and Spear Alpha ETF.

Portfolio Pulse from Anusuya Lahiri

May 21, 2024 | 5:37 pm

GWAV

JHX

MGOL

James Hardie Industries (NYSE:JHX) shares fell 14.3% after reporting worse-than-expected quarterly earnings and sales. JP Morgan downgraded the stock from Overweight to Neutral. Other notable movers include MGO Global (NASDAQ:MGOL) up 194% after Q1 results, and Greenwave Technology Solutions (NASDAQ:GWAV) down 60.5% after reporting a year-over-year decrease in Q1 results.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 5:36 pm