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GM

China has launched an anti-dumping probe into U.S. and EU plastics imports, potentially retaliating against recent U.S. tariffs on Chinese goods. The investigation targets polyoxymethylene copolymer, affecting companies like Celanese, DuPont, and others. The move follows President Biden's protectionist measures, which include significant tariffs on Chinese steel, aluminum, EVs, and more.

Portfolio Pulse from Natan Ponieman

May 20, 2024 | 9:22 pm

FIHL

Fidelis Insurance has announced a secondary public offering of 9 million common shares by certain shareholders. This move could impact the stock price and investor sentiment in the short term.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 9:21 pm

AMC

GME

GameStop (GME) and AMC Entertainment (AMC) shares spiked on Monday afternoon, driven by retail investor momentum and social media activity, particularly from influencer Keith Gill. Despite no new updates from Gill, both stocks saw significant trading volume and chatter on platforms like Stocktwits and Reddit. GameStop and AMC have also announced plans to issue new shares.

Portfolio Pulse from Adam Eckert

May 20, 2024 | 9:12 pm

YALA

Yalla Group (NYSE:YALA) reported Q1 2024 adjusted earnings per share (EPS) of $0.20 and sales of $78.729 million, beating the analyst consensus estimate of $78.055 million. This represents a 7.09% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 9:11 pm

ZEPP

Zepp Health (NYSE:ZEPP) reported a Q1 adjusted loss of $(0.19) per ADS, significantly missing the analyst estimate of $(0.03). Sales also fell short at $39.80 million against the expected $46.24 million, marking a 57.64% year-over-year decline.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 9:04 pm

DFS

Discover Financial (NYSE: DFS) has significantly outperformed the market over the past 15 years, delivering an average annual return of 19.25%. A $100 investment in DFS 15 years ago would be worth $1,401.69 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 20, 2024 | 9:00 pm

IT

Gartner (NYSE:IT) has significantly outperformed the market over the past 10 years, delivering an average annual return of 20.4%. A $100 investment in Gartner 10 years ago would be worth $640.06 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 20, 2024 | 9:00 pm

RBT

Rubicon Technologies (NYSE:RBT) reported a 9.96% decrease in Q1 sales and a quarterly loss of 33 cents per share. Despite positive comments from the CEO about strategic moves and future growth, the stock fell 36% after hours.

Portfolio Pulse from Erica Kollmann

May 20, 2024 | 8:57 pm

RBT

Rubicon Technologies shares are trading lower following the company's report of a year-over-year decrease in Q1 sales results.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:54 pm

LRMR

Larimar Therapeutics shares are trading higher after the company announced that the FDA removed the partial clinical hold previously placed on the nomlabofusp clinical program.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:52 pm