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TSLA

XPEV

Chinese EV maker XPeng Inc (NYSE:XPEV) will hold its AI Day next week after Tesla, Inc. (NASDAQ:TSLA) canceled its event due to concerns about imitation. XPeng's event will provide updates on its AI initiatives, similar to Tesla's past AI Days.

Portfolio Pulse from Anan Ashraf

May 17, 2024 | 7:10 am

Boeing shareholders are set to vote on the board status of outgoing CEO Dave Calhoun during the company's AGM. The vote comes amid multiple crises, including investigations and production declines. Proxy advisors have urged shareholders to vote against Calhoun's reelection. The outcome of the vote and the selection of Calhoun's successor are critical for Boeing's future.

Portfolio Pulse from Benzinga Neuro

May 17, 2024 | 6:31 am

AMAT

DOCS

HTHT

RBC

RLX

Several stocks are poised to capture investor attention today. RBC Bearings (RBC) is expected to report earnings of $2.36 per share on $413.51 million revenue. Applied Materials (AMAT) reported strong Q2 results and provided optimistic Q3 guidance. H World Group (HTHT) is anticipated to post earnings of 28 cents per share on $711.50 million revenue. Doximity (DOCS) exceeded Q4 expectations and provided strong Q1 revenue guidance. RLX Technology (RLX) is expected to report earnings of 2 cents per share on $74.11 million revenue.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 6:31 am

HTHT

RBC

RLX

WMT

Investor optimism decreased slightly after economic reports, leading to a lower close for U.S. stocks on Thursday. The Dow Jones briefly surged above 40,000 but ended lower. Deere & Co reported strong earnings but lowered its 2024 outlook, while Walmart shares gained 7% on better-than-expected earnings. Investors are awaiting earnings results from H World Group, RLX Technology, and RBC Bearings.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 6:31 am

LINKUSD

Chainlink (LINK) surged 12% after announcing a successful pilot project with The Depository Trust and Clearing Corporation and top U.S. banks to bring capital markets on blockchain rails. Analyst Michaël van de Poppe called LINK an 'opportunity of a lifetime.'

Portfolio Pulse from Aniket Verma

May 17, 2024 | 6:13 am

TSLA

Tesla Inc (NASDAQ:TSLA) has increased the price of its new Model 3 Performance for the second time within a month, now priced at $54,990. Despite the price hikes, the vehicle remains eligible for a $7,500 federal EV tax credit, making it effectively cheaper than the Long Range version for eligible buyers. Tesla's stock closed 0.5% higher at $174.84 per share on Thursday but is down nearly 30% year-to-date.

Portfolio Pulse from Anan Ashraf

May 17, 2024 | 5:36 am

HCM

HUTCHMED (China) Limited will present Phase III study results of sovleplenib and data on investigational hematological malignancy therapies at the EHA2024 Congress.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 5:25 am

RFAI

RFAIR

RFAIU

RF Acquisition Corp II has priced its $100M Initial Public Offering (IPO) of 10M units at $10 per unit. The units will be listed on Nasdaq under the ticker symbol 'RFAIU' starting May 17, 2024. Each unit includes one ordinary share and one right to receive one-twentieth of an ordinary share. The ordinary shares and rights will later trade separately under the symbols 'RFAI' and 'RFAIR,' respectively. The offering is expected to close on May 21, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 5:20 am

BABA

FXI

KBA

KWEB

MCHI

PDD

China's retail sales growth decelerated in April, while industrial production surged. Retail sales increased by 2.3% year-over-year, below the forecasted 3.8%, whereas industrial production grew by 6.7%, surpassing expectations. Key China-focused ETFs outperformed major U.S.-equity ETFs.

Portfolio Pulse from Kaustubh Bagalkote

May 17, 2024 | 5:08 am

SAP

Japan's NEC Corporation has chosen SAP S/4HANA Cloud through the RISE with SAP solution, running on Amazon Web Services (AWS). The migration will utilize NEC's generative AI technology and SAP's Joule copilot, with ABeam Consulting as the implementation partner.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 5:05 am