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FENC

Fennec Pharmaceuticals' shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 5:20 pm

SIDU

Sidus Space, Inc. (NASDAQ:SIDU) announced the successful completion of the commissioning phase for LizzieSat-1 (LS-1), which was launched via SpaceX Falcon 9. The satellite has now entered the payload activation phase, with Sidus Space focusing on executing mission-critical tasks to meet payload mission success criteria. SIDU shares rose 4.16% to $3.25 following the news.

Portfolio Pulse from Nabaparna Bhattacharya

May 14, 2024 | 5:18 pm

NVO

Novo Nordisk (NYSE:NVO) has seen a notable increase in options activity, with a bearish sentiment prevailing among financial giants. Analysis of 10 unusual trades revealed a 70% bearish inclination, with significant trades focusing on a price band between $100.0 and $145.0. The trading volume and open interest suggest a keen market focus on Novo Nordisk, which holds a dominant position in the global diabetes treatment market. The stock's current trading volume is 1,844,849, with a slight price increase of 0.06%, and an RSI indicating a potential overbought state. An analyst from Cantor Fitzgerald has downgraded the stock to Overweight with a price target of $160.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 5:15 pm

DELL

INTC

Dell Technologies Inc. (NYSE:DELL) shares are rising after announcing an expansion and upgrades to its server portfolio, specifically the Dell PowerEdge servers. These upgrades aim to enhance performance and efficiency, catering to a wide range of organizations. The new servers, including the Dell PowerEdge R670 and R770 CSP Edition, feature Smart Cooling technology for energy efficiency and are designed for easier deployment. Intel Corporation (NASDAQ:INTC) is collaborating with Dell by providing the Intel Xeon 6 Efficient core processor, promising up to 2.3x more performance per rack compared to previous generations.

Portfolio Pulse from Nabaparna Bhattacharya

May 14, 2024 | 5:12 pm

EAST

Eastside Distilling's shares traded lower following the announcement of disappointing Q1 GAAP EPS results and a decline in Q1 sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 5:09 pm

AMD

NVDA

SHOP

SNOW

SPRX

Spear Alpha ETF (SPRX) is trading flat, signaling a potential break ahead of its top holdings' quarterly earnings. Holdings like Snowflake (SNOW), NVIDIA (NVDA), and Zscaler (ZS) are set to release financial results soon, which could influence SPRX's performance. The ETF has been in a rising channel pattern, indicating bullish momentum if it continues. Other notable holdings include AMD, SentinelOne (S), and Shopify (SHOP), with SentinelOne's earnings also upcoming.

Portfolio Pulse from Melanie Schaffer

May 14, 2024 | 5:08 pm

LCID

RIVN

TSLA

Lucid Group, Inc. (NASDAQ:LCID) and other electric vehicle (EV) stocks are rising following President Joe Biden's announcement of increased tariffs on Chinese EV imports. The tariffs aim to protect U.S. industries from unfair competition, with a significant increase on imported EVs from China, as well as tariffs on steel, aluminum, and solar cells. This move is seen as beneficial for U.S. EV companies like Lucid Group, Tesla, and Rivian, as well as U.S.-based EV battery manufacturers.

Portfolio Pulse from Dylan Berman

May 14, 2024 | 5:06 pm

DCTH

Delcath Systems shares are trading higher following the announcement of better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 5:06 pm

EADSY

ITA

PPA

Boeing Inc. reported a decrease in April commercial airplane deliveries to 24, down from 26 a year ago, amid efforts to enhance 737 MAX production quality. The company faced 33 cancellations, mainly due to Lynx Air's cessation. Despite this, Boeing recorded seven new orders in April, contributing to a total of 138 gross orders for the year. In contrast, Airbus SE saw a 13% increase in deliveries with 61 aircraft in April. Boeing's Q1 revenue declined by 8% year-over-year, but its adjusted loss per share improved, beating consensus estimates. Boeing stock has lost over 10% in the last 12 months but is trading higher by 1.7% at the last check.

Portfolio Pulse from Shivani Kumaresan

May 14, 2024 | 5:04 pm

UDR

Scotiabank analyst Nicholas Yulico has maintained a 'Sector Perform' rating on UDR, Inc. (NYSE:UDR) and increased the price target from $39 to $42.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 5:04 pm