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ACHV

Achieve Life Sciences will present data from its Cytisinicline ORCA-V1 program at the SGIM Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:01 pm

GME

GameStop has entered into an open market sale agreement to offer and sell up to 45 million shares of its Class A common stock, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 12:01 pm

MU

Over the past three months, 34 analysts have evaluated Micron Technology (NASDAQ:MU), with a mix of bullish and bearish opinions. Recent ratings show a trend towards more bullish sentiment, with several analysts raising their price targets. The average 12-month price target has increased to $132.62, up from $109.29. Micron has shown significant revenue growth and strong net margins, but faces challenges with ROE and ROA.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 12:01 pm

FBTC

GBTC

IBIT

BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Trust led a $257 million surge in Bitcoin ETFs, indicating strong institutional interest despite JPMorgan's cautious outlook. Grayscale's Bitcoin Investment Trust also saw inflows, though more modest.

Portfolio Pulse from Murtuza Merchant

May 17, 2024 | 12:00 pm

CDNS

Over the past three months, 11 analysts have shared their evaluations of Cadence Design Systems (NASDAQ:CDNS), showing a range of sentiments from bullish to bearish. The average 12-month price target has increased by 2.72% to $322.36. Key financial metrics indicate strong profitability and financial health, despite a recent revenue decline.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 12:00 pm

DRI

23 analysts have provided varied opinions on Darden Restaurants (NYSE:DRI) over the past quarter, with a mix of bullish and somewhat bullish ratings. The average 12-month price target is $185.52, reflecting a slight increase from the previous target. Analysts have recently adjusted their ratings and price targets, indicating a positive outlook for Darden Restaurants.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 12:00 pm

FDS

MS

QCOM

YELP

The Nasdaq 100 closed lower by around 0.2% on Thursday. Notable insider sales were reported for Morgan Stanley, Qualcomm, Yelp, and FactSet Research Systems. Insider sales can indicate concerns about a company's prospects or that the stock is overpriced.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 11:58 am

AMAT

Applied Materials Inc (NASDAQ:AMAT) reported better-than-expected Q2 financial results, with revenue of $6.646 billion and adjusted earnings of $2.09 per share, both surpassing analyst estimates. The company projects Q3 revenue of $6.65 billion and adjusted earnings between $1.83 and $2.19 per share. Analysts have raised their price targets for AMAT following the results.

Portfolio Pulse from Avi Kapoor

May 17, 2024 | 11:57 am

TSLA

Tesla Inc. (NASDAQ:TSLA) is reducing its workforce in Norway by 10% as part of a global restructuring strategy. Affected employees will receive a severance package, and the move aims to streamline the organization for future growth. This could lead to longer wait times and reduced service quality in Norway.

Portfolio Pulse from Benzinga Neuro

May 17, 2024 | 11:53 am

BABA

ONLN

PGJ

SONY

Alibaba Group Holding Ltd (NYSE:BABA) is leveraging AI to enhance its e-commerce competitiveness despite a shrinking market share. The company introduced Wenwen, an AI chatbot, on its Taobao platform for personalized product recommendations. Despite innovations, Alibaba's market share has dropped significantly, but it reported a 10% net profit increase and 8% revenue growth for the fiscal year ending March. BABA stock has lost over 4% in the last 12 months, but shares traded higher by 1.18% premarket on Friday.

Portfolio Pulse from Anusuya Lahiri

May 17, 2024 | 11:52 am