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Reports have emerged that the China military has followed a U.S. destroyer during its transit through the Taiwan Strait. This development could potentially escalate tensions between the United States and China, impacting global markets and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:04 pm

INOD

Innodata shares are trading higher following the announcement of improved Q1 financial results compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:04 pm

MATICUSD

Polygon (CRYPTO: MATIC) has seen a 3.79% decrease in price over the last 24 hours, falling to $0.69, despite a 3.0% gain over the past week. Trading volume has decreased by 36.0%, while the circulating supply increased by 0.16% to over 9.28 billion, making up 92.83% of its max supply. MATIC's market cap ranks #20 at $6.41 billion.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 3:03 pm

AVAX-USD

DOGE-USD

SOL-USD

XRP-USD

Pseudonymous crypto trader Kevin predicts a challenging period for altcoins, despite the first-ever 'weekly golden cross' of the 50 SMA crossing the 200 SMA, potentially signaling significant market movements. Kevin specifically mentions Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Avalanche (AVAX) as part of his analysis. Another trader, Michaël van de Poppe, remains heavily allocated in altcoins, emphasizing patience for a market reversal.

Portfolio Pulse from Khyathi Dalal

May 08, 2024 | 3:03 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for May 8th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential price movements for these assets, advising traders to monitor for breakouts or reversals. Additionally, the memo highlights key economic events and Federal Reserve officials' speeches that could impact market volatility. Market Clubhouse, led by pro trader RIPS, offers exclusive insights and real-time trading mentorship to its members.

Portfolio Pulse from RIPS

May 08, 2024 | 3:02 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a 4.0% decrease in price over the last 24 hours, contrasting with a 9.0% increase over the past week. The trading volume has decreased by 35.0%, and the circulating supply has slightly decreased by 0.19%. Currently, SHIB's market cap ranks it at #12 with a value of $13.60 billion.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 3:02 pm

REBN

Reborn Coffee Inc (NASDAQ:REBN) shares surged 141% to $4.18 after announcing a strategic expansion into the China market through a Master License Agreement with IAID Co. The partnership aims to introduce a novel coffee experience in Guangzhou, China, starting with a flagship location. This move is seen as a step towards establishing Reborn Coffee's presence in major Chinese cities like Shanghai and Shenzhen.

Portfolio Pulse from Henry Khederian

May 08, 2024 | 3:02 pm

GFF

Griffon Corporation's stock (GFF) experienced an increase following the announcement of robust Q2 earnings and an upward revision of its 2024 financial guidance.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:02 pm

AVAXUSD

Avalanche (CRYPTO: AVAX) has seen a decrease of 6.4% in its price over the last 24 hours, now at $34.8, despite a weekly uptrend of 6.0%. The trading volume dropped by 34.0%, and the circulating supply slightly decreased by 0.04% to 380.61 million, representing 52.86% of its max supply. AVAX's market cap ranking is now #13 at $13.28 billion.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 3:02 pm

QLYS

Qualys shares dropped following its Q1 earnings report and Q2 revenue guidance, which fell below market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:01 pm