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RIOT

Financial giants have shown a bearish sentiment towards Riot Platforms (NASDAQ:RIOT) with a significant surge in options activity. Analysis reveals 60% bearish and 30% bullish trades, with major market movers focusing on a price band between $8.0 and $20.0. Riot Platforms is currently trading at $10.02, up by 2.4%, with analysts maintaining a Buy rating and an average target price of $16.8.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 3:32 pm

DJT

SPY

The Trump campaign has proposed additional debates for the upcoming election cycle, suggesting debates in June, July, August, and September, in addition to the Vice Presidential debate.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 3:32 pm

AYRWF

AYR Wellness Inc. reported its Q1 2024 financial results, showing slight revenue growth and a significant reduction in operating loss. The company anticipates flat to modest revenue growth in Q2 2024, with stronger growth expected in the second half of the year. AYR is positioning itself for success in key state-level cannabis markets in Ohio, Florida, and Pennsylvania.

Portfolio Pulse from Jelena Martinovic

May 15, 2024 | 3:31 pm

AMC

GME

GameStop (GME) and AMC Entertainment (AMC) stocks experienced a significant drop on Wednesday after a brief rally earlier in the week, driven by the return of Keith Gill, aka Roaring Kitty, on social media. Both stocks saw substantial gains on Monday and Tuesday but are now down over 20%. AMC's decline may be linked to recent stock issuance and equity offerings, while GameStop's drop could be due to profit-taking or the end of the rally initiated by Roaring Kitty's social media activity.

Portfolio Pulse from Chris Katje

May 15, 2024 | 3:31 pm

SPXL

SPXS

SPY

The SPDR S&P 500 (SPY) reached a new all-time high after a favorable U.S. inflation report. The central bank is expected to hold rates steady until September, with a potential rate cut. Traders can use Direxion ETFs (SPXL for bullish and SPXS for bearish positions) to play the SPY's movements.

Portfolio Pulse from Melanie Schaffer

May 15, 2024 | 3:30 pm

SBUX

Starbucks (NASDAQ:SBUX) has outperformed the market over the past 15 years, delivering an average annual return of 17.51%. A $1000 investment in SBUX 15 years ago would be worth $11,146.86 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 3:30 pm

ADBE

Adobe (NASDAQ:ADBE) has significantly outperformed the market over the past 15 years, delivering an average annual return of 21.5%. A $1000 investment in Adobe 15 years ago would be worth $18,341.80 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 3:30 pm

ARCO

Arcos Dorados Holdings Inc. (NYSE: ARCO) shares are trading lower despite reporting a 9.1% increase in total revenues for Q1 2024, slightly beating analyst expectations. The company saw a 38.6% growth in systemwide comparable sales and an 8.4% rise in Adjusted EBITDA. However, earnings per share missed estimates, coming in at 14 cents versus the expected 17 cents. Additionally, Arcos Dorados signed a regional sponsorship agreement with Formula One in Latin America.

Portfolio Pulse from Nabaparna Bhattacharya

May 15, 2024 | 3:26 pm

META

Meta Platforms Inc (NASDAQ:META) is launching a third-party fact-checking program for its social media platform Threads. This move comes ahead of the 2024 presidential election and aims to combat misinformation. Meta has faced criticism for its content moderation policies and is under scrutiny from the European Union and a lawsuit from Robert F. Kennedy Jr.

Portfolio Pulse from Hayden Buckfire

May 15, 2024 | 3:20 pm

RAY

Raytech shares resumed trading after a circuit breaker halt. The halt was triggered due to significant price movement.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 3:19 pm