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IYE

XLE

XOM

Exxon Mobil Corporation (NYSE:XOM) has won the first round in a lawsuit against climate activist groups Arjuna Capital and Follow This. A U.S. judge allowed Exxon to continue its case against Arjuna Capital but not against Follow This, which is based in the Netherlands. The legal battle highlights the tension between shareholder interests and environmental concerns in the energy sector.

Portfolio Pulse from Lekha Gupta

May 23, 2024 | 1:06 pm

EWT

FXI

Taiwan reported that 35 planes from China's People's Liberation Army crossed the median line of the Taiwan Strait, escalating tensions in the region.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:05 pm

ARM

NVDA

Arm Holdings Plc (NASDAQ:ARM) shares are trading higher in sympathy with NVIDIA Corp (NASDAQ:NVDA), which reported strong first-quarter earnings and revenue, beating analyst estimates. Nvidia's positive outlook and significant developments, including a 10-for-1 stock split and increased dividend, have also contributed to the rise in Arm's stock price.

Portfolio Pulse from Adam Eckert

May 23, 2024 | 1:05 pm

NVDA

SMH

Goldman Sachs has raised its 1-year price target for Nvidia Corp. (NASDAQ:NVDA) from $1,100 to $1,200 following strong Q1 earnings. Nvidia's Data Center revenue surged 427% year-over-year, driving the bullish outlook. Nvidia's revenue reached $26 billion last quarter, with optimistic guidance for the current quarter. Shares of Nvidia rose over 7% in premarket trading, and the VanEck Semiconductor ETF (NASDAQ:SMH) was up 3.3%.

Portfolio Pulse from Piero Cingari

May 23, 2024 | 1:04 pm

AVGO

LRCX

MU

NVDA

Several semiconductor stocks, including Micron Technology, Broadcom, and Lam Research, are trading higher in sympathy with Nvidia, which reported strong first-quarter earnings and issued upbeat guidance. Nvidia also announced a 10-for-1 stock split and increased its dividend.

Portfolio Pulse from Adam Eckert

May 23, 2024 | 1:04 pm

HYTMF

Kia has launched its first compact electric SUV, the EV3, amid a slowing global EV market. The EV3 is part of Hyundai Motor Group's plan to introduce over 31 electric models by 2030. Kia aims to sell 1.6 million EV units by that year, with the EV3 priced between $35,000 and $50,000. The EV3 will be available in South Korea from July, with a European launch later this year and a U.S. launch post-2025.

Portfolio Pulse from Benzinga Neuro

May 23, 2024 | 1:03 pm

SINT

SinTx Technologies, Inc. (NASDAQ:SINT) has announced a 1-for-200 reverse stock split, which will take effect on May 28, 2024. The company's stock will begin trading on a split-adjusted basis under the current symbol 'SINT' on the same day.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:01 pm

PDD

In the last three months, 10 analysts have published ratings on PDD Holdings (NASDAQ:PDD), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased by 6.66% to $194.0. Analysts from firms like Bernstein, B of A Securities, UBS, and others have raised their price targets, reflecting positive outlooks on PDD Holdings' financial performance, which includes impressive revenue growth, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 1:01 pm

XP

XP Inc. (NASDAQ:XP) has announced a share repurchase program of up to 1 billion Brazilian Reais, to be executed between May 23, 2024, and December 31, 2024. The repurchase will be funded using existing cash and may be adjusted or discontinued based on market conditions.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 1:00 pm

BURL

In the past three months, 14 analysts have provided ratings for Burlington Stores (NYSE:BURL), with a mix of bullish and bearish perspectives. The average 12-month price target has increased by 9.33% to $240.36. Analysts have adjusted their ratings and price targets, reflecting their responses to recent developments. Burlington Stores has shown strong financial performance with notable revenue growth, net margin, ROE, and ROA, but has a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 1:00 pm