Streetbeat News

Stock Prices

LOAR

Loar Holdings shares are trading higher following the announcement of a year-over-year increase in Q1 net sales results and the issuance of FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:23 pm

NKE

Traders are closely monitoring Nike following news that its subsidiary, Converse, is cutting jobs as part of Nike's broader cost-cutting strategy.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:20 pm

AMC

GME

GameStop Corporation (NYSE:GME) shares surged as Keith Gill, aka Roaring Kitty, returned to social media, reminiscent of the 2021 rally. High short interest over 24% and a significant price move resulted in a $1.43 billion loss for short sellers in May. AMC Entertainment Holdings (NYSE:AMC) also saw increased interest and price movement, with short interest at 19.0% and short sellers currently showing a profit, though this could change with ongoing price increases.

Portfolio Pulse from Chris Katje

May 14, 2024 | 4:19 pm

UBER

On CNBC, Jason Snipe disclosed his recent purchase of additional Uber shares, signaling his positive outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:16 pm

TSM

Taiwan Semiconductor (TSM) shares are trading higher, potentially due to the US imposing tariffs on various Chinese sectors, including the chip industry.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:16 pm

SCCO

Southern Copper shares are trading higher amid a rise in copper prices.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:14 pm

CPT

On CNBC, Jim Labenthal announced he has sold his holdings in Camden Property Trust (CPT).

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:11 pm

ORCL

Oracle shares are experiencing an uptick after reports surfaced about xAI, led by Elon Musk, closing in on a $10 billion agreement to lease AI servers from Oracle.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:09 pm

ERIC

Ericsson shares are trading higher following the announcement of the expansion of its Vonage Premier for Service Cloud Voice solution, now including integration with Salesforce Einstein Conversation Insights. The stock is also positively influenced by movements in sympathy with Vodafone Group.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 4:08 pm

AMC

AUGX

CTNT

GME

HD

NOTV

SCPX

U.S. stocks traded higher with the Nasdaq gaining over 50 points. Home Depot reported a sales decline of 2.3% in Q1, missing estimates. Cheetah Net, AMC, and GameStop shares surged, while Augmedix, Scorpius Holdings, and Inotiv shares fell. Oil prices dropped by 1.2%, and gold prices increased.

Portfolio Pulse from Avi Kapoor

May 14, 2024 | 4:06 pm