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Prominent trader smileycapital predicts Ethereum (ETH) could reach $9,000 in the short term following the approval of a spot Ethereum ETF. He draws comparisons with Bitcoin's performance post-ETF approval but notes differences in market conditions. Long-term, he targets $12,000 to $16,000 for ETH.

Portfolio Pulse from Murtuza Merchant

May 24, 2024 | 5:05 pm

CROX

Whales have shown a bullish stance on Crocs (NASDAQ:CROX) with significant options activity. 43% of trades were bullish and 43% bearish, with a total of $480,642 in calls and $183,161 in puts. Analysts have mixed ratings, with a consensus target price of $159.8.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 5:02 pm

AMZN

GOOGL

VOX

WMT

XLC

Google, a subsidiary of Alphabet Inc., has invested in Flipkart, boosting the Indian e-commerce giant's valuation to $37 billion. This investment, led by Walmart, includes a $350 million stake from Google and a $600 million investment from Walmart. The collaboration aims to modernize Flipkart's digital infrastructure. Speculations about Flipkart's IPO continue as Walmart explores the right timing for it.

Portfolio Pulse from Shivani Kumaresan

May 24, 2024 | 5:00 pm

CRKN

Crown Electrokinetics shares are trading low, likely due to continued weakness following the company's Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 4:59 pm

DECK

Deckers Outdoor Corp (NYSE:DECK), the maker of Hoka sneakers, reported strong Q4 results, leading to a rise in its stock price. Multiple analysts raised their price targets, citing impressive revenue and earnings growth, driven by the Hoka and UGG brands.

Portfolio Pulse from Priya Nigam

May 24, 2024 | 4:57 pm

ELTX

Elicio Therapeutics announced preliminary data from its ongoing AMPLIFY-7P Phase 1a study of ELI-002 7P in patients with mKRAS-driven solid tumors at the 2024 ASCO Annual Meeting. The study showed that ELI-002 7P was well tolerated and generated a significant mKRAS-specific T cell response in all patients, with notable tumor biomarker reductions and antigen-spreading effects.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 4:56 pm

CSCO

DIA

IBM

INTC

NVDA

Nvidia (NVDA) reported strong Q1 results and announced a 10-for-1 stock split, potentially positioning itself for inclusion in the Dow Jones Industrial Average (DJIA). Analysts suggest Nvidia could replace Intel (INTC) in the DJIA due to its relevance in AI and technology growth. The stock split is seen as a strategic move to make Nvidia more attractive for retail investors and index inclusion.

Portfolio Pulse from Chris Katje

May 24, 2024 | 4:55 pm

MULN

Mullen Automotive shares are trading higher after the company announced GAMA as an additional European distribution partner for southeastern Europe covering the Balkans Region.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 4:46 pm

NYC

American Strategic Investment shares are trading higher after Bellevue Capital Partners announced an increase in its purchase price for its previously announced tender offer for shares of the company.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 4:37 pm

AMC

DIS

AMC Entertainment Holdings (NYSE: AMC) CEO Adam Aron discussed the company's strategies to navigate its high debt load and the struggling movie sector. Despite challenges, including Hollywood strikes, AMC has leveraged partnerships with artists like Taylor Swift and merchandise sales to boost revenue. Aron remains optimistic about future growth through acquisitions and innovative marketing strategies.

Portfolio Pulse from Chris Katje

May 24, 2024 | 4:36 pm