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HAP

HJEN

SHEL

Shell plc (NYSE:SHEL) reported Q1 FY24 earnings with revenue of $72.48 billion, missing consensus estimates of $82.04 billion. Despite this, adjusted earnings rose 6% Q/Q to $7.73 billion, and adjusted EBITDA increased 15% Q/Q to $18.71 billion. The company announced a dividend of $0.344 per share and a $3.5 billion share buyback program. Shell's stock has gained over 22% in the last 12 months, and it is also featured in the Direxion Hydrogen ETF (NYSE:HJEN) and VanEck Natural Resources ETF (NYSE:HAP).

Portfolio Pulse from Lekha Gupta

May 02, 2024 | 1:43 pm

BEKE

KE Holdings (BEKE) saw a significant option activity with a sweep of 1546 calls for the July 19 expiration at $19 near the ask price of $0.43, compared to an open interest of 928. This activity comes ahead of the company's earnings report, estimated to be released before the market opens on May 16.

Portfolio Pulse from Charles Gross

May 02, 2024 | 1:36 pm

RIVN

Truist Securities analyst Jordan Levy has reiterated a Hold rating on Rivian Automotive (RIVN) and lowered the price target from $11 to $10.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:35 pm

BTCUSD

CROUSD

ETHUSD

PEPEUSD

Ethereum surpassed the $3,000 mark following unchanged U.S. jobless claims data, with Pepe emerging as the top gainer among cryptocurrencies. Bitcoin also saw an increase, trading above $58,000. The global crypto market cap rose to $2.19 trillion, marking a 24-hour gain of 2.3%. Pepe led the gainers with an 18.2% increase, while Cronos experienced the largest loss at 2.2%.

Portfolio Pulse from Avi Kapoor

May 02, 2024 | 1:34 pm

IAC

IAC shares are trading higher following the announcement that the stock will be included in the S&P SmallCap 600 index.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:31 pm

SDIG

Stronghold Digital Mining (NASDAQ:SDIG) reported Q1 earnings of $0.35 per share, surpassing the $(0.22) estimate, marking a 250% increase from last year. However, their Q1 sales of $27.52M fell short of the $29.01M estimate, despite being a 59.40% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:31 pm

SFM

Sprouts Farmers Market's stock is trading higher following the announcement of their Q1 earnings per share (EPS) and sales, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:30 pm

INTC

Intel Corp (NASDAQ:INTC) experienced a significant decline, with shares dropping 31% in April, marking its worst month in over two decades. Year-to-date, the stock has fallen approximately 40%, further declining 13.50% since its Q1 earnings report on April 25. The company's struggles are attributed to a challenging turnaround effort, compounded by a weak forecast and operational issues in its factories. Analysts maintain a neutral stance on Intel, with a price target of $37.52, despite expectations of revenue growth in the coming years. A technical analysis reveals a bearish trend, highlighted by a Death Cross formation, indicating potential continued downward pressure on the stock.

Portfolio Pulse from Surbhi Jain

May 02, 2024 | 1:27 pm

BDC

Belden Inc. reported mixed Q1 earnings but saw its shares trading higher after announcing the acquisition of Precision Optical Technologies. This strategic move could enhance Belden's product offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:25 pm

MUSA

Murphy USA shares are trading lower following the announcement of worse-than-expected Q1 2024 earnings per share (EPS) and sales figures.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 1:25 pm