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INDO

Indonesia Energy Corp (NYSE: INDO) has seen a significant rise in its short interest, with a 557.65% increase since its last report. The company now has 266 thousand shares sold short, representing 5.59% of its float. This is higher than the peer group average of 1.83%.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 2:45 pm

DT

Dynatrace's (NYSE:DT) short interest has fallen by 16.72%, with 6.09 million shares sold short, representing 2.49% of its float. This is lower than the peer group average of 3.69%. The decrease in short interest could indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 2:45 pm

GM

General Motors (GM) and LG Energy Solution have agreed to establish a $150 million fund to support Chevrolet Bolt EV owners impacted by faulty batteries. This settlement aims to provide financial relief to affected vehicle owners and resolves class action litigation linked to battery recalls. GM shares traded lower by 0.11% following the news.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 2:43 pm

AMZN

GOOG

GOOGL

MSFT

UBER

TikTok is testing the ability for users to upload 60-minute videos, challenging platforms like YouTube. This move could allow for full TV episodes on TikTok and enhance user experience with features like horizontal full-screen viewing. The news also mentions Amazon's Twitch, Microsoft's LinkedIn, and Uber Eats exploring similar short-form video features.

Portfolio Pulse from Anusuya Lahiri

May 17, 2024 | 2:40 pm

BABA

KWEB

PDD

China's government has introduced aggressive measures to rescue its struggling property market, including easing mortgage regulations and urging local governments to purchase unsold homes. This has led to a rally in Chinese stocks and commodities, with significant gains for real estate developers and tech stocks. Copper prices also hit all-time highs.

Portfolio Pulse from Piero Cingari

May 17, 2024 | 2:37 pm

WIX

Wix.com Ltd. (NASDAQ:WIX) is set to release its Q1 earnings before the opening bell on Monday. Analysts expect earnings of $1.03 per share and revenue of $417.84 million. The company recently launched the AI Portfolio Creator. Shares closed at $135.21, down 1.6%. Several analysts have reiterated positive ratings with price targets ranging from $150 to $175.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 2:35 pm

BKIV

RDDT

Reddit, Inc. (NYSE:RDDT) shares are trading higher following a partnership with OpenAI to integrate ChatGPT with Reddit threads and introduce new AI-powered features. The collaboration also includes advertising efforts. OpenAI will gain access to Reddit's Data API, enhancing its tools' ability to understand and display Reddit content. Reddit shares have surged over 40% in the past month. Investors can gain exposure to Reddit stock via BNY Mellon Innovators ETF (NASDAQ:BKIV).

Portfolio Pulse from Nabaparna Bhattacharya

May 17, 2024 | 2:32 pm

FIX

Comfort Systems USA (NYSE:FIX) has significantly outperformed the market over the past 10 years, delivering an average annual return of 35.29%. A $100 investment in FIX 10 years ago would be worth $2,050.97 today. The company's current market capitalization is $11.49 billion.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 2:30 pm

LIN

Linde (NASDAQ:LIN) has outperformed the market over the past 10 years with an average annual return of 12.73%, surpassing the market by 1.94% annually. A $100 investment in LIN 10 years ago would be worth $330.92 today.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 2:30 pm

AMC

GME

GameStop shares fell sharply after the company announced preliminary quarterly results and a share offering. The company expects first-quarter revenue to be significantly lower than last year and plans to sell up to 45 million shares. Analysts and market commentators highlighted the risks of buying stocks based solely on momentum.

Portfolio Pulse from Chris Katje

May 17, 2024 | 2:26 pm