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Stock Prices

TSM

TSM shares are trading higher after a report surfaced about the company's plans to increase its N3E process capacity.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:57 pm

INTC

Intel shares are trading lower following the company's announcement that it expects Q2 revenue to fall below its original midpoint. This is due to the US Department of Commerce revoking certain licenses for China customers, impacting Intel's business operations and revenue expectations.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:53 pm

SHOP

On CNBC, Shopify President Harley Finkelstein discussed the company's Q1 results, highlighting that shares plunged due to weak guidance.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:53 pm

ATHM

AVEE

CQQQ

Autohome Inc (NYSE:ATHM) reported first-quarter FY24 revenues of $222.9 million, surpassing consensus estimates. The company saw growth in leads generation and online marketplace revenues, with adjusted net income rising to $68.4 million. Autohome's user base also grew, with daily active users increasing by 8.1% year-over-year. The company's focus on data products and new energy vehicle brands contributed to its revenue growth. ATHM shares rose by 3.99% to $28.09. Exposure to ATHM can be gained through Invesco China Technology ETF (NYSE:CQQQ) and American Century ETF Trust Avantis Emerging Markets Small Cap Equity ETF (NYSE:AVEE).

Portfolio Pulse from Lekha Gupta

May 08, 2024 | 1:51 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum experienced declines, with Bitcoin falling below the $62,000 mark and Ethereum staying above $3,000. The global crypto market cap dropped by 2.7% to $2.28 trillion. THORChain was the top gainer, while Bittensor was the biggest loser among cryptocurrencies over the past 24 hours.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 1:50 pm

UPST

Wedbush analyst David Chiaverini has reiterated an Underperform rating on Upstart Holdings (UPST) and maintained a price target of $10. This reaffirmation of the negative outlook suggests skepticism about UPST's near-term prospects.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:50 pm

FLYW

FLYW's stock plummeted approximately 20% today following an unexpected loss, marking a 30% decline since The Bear Cave's December 2023 article. The Bear Cave predicts further declines due to competition from Convera and others, advising investors to be cautious.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:46 pm

SYM

Symbotic's (NYSE:SYM) short interest has increased by 4.43% since the last report, with 7.82 million shares sold short, representing 21.47% of its float. This indicates a bearish market sentiment, although it's higher than its peer group average of 3.67%. The article suggests that an increase in short interest doesn't necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 1:45 pm

BILL

BILL Holdings (NYSE:BILL) has seen a 13.06% increase in its short percent of float since the last report, with 4.41 million shares sold short, representing 5.54% of available shares. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 6.35%. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 1:45 pm

PAA

Plains All American (NYSE:PAA) has seen a 5.41% increase in short interest since its last report, with 10.82 million shares sold short, representing 2.34% of its float. The current short interest suggests a bearish market sentiment, although it's lower than the peer group average of 4.04%. The article discusses the significance of short interest and compares PAA's figures with its peers, indicating that while increased short interest can be seen as bearish, it can also present bullish opportunities.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 1:45 pm