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BTCUSD

DMM Bitcoin, a Japanese cryptocurrency exchange, reported a theft of over $300 million worth of Bitcoin. The exchange has assured customers that their deposits will be fully guaranteed but has halted several services, including crypto withdrawals and new account openings.

Portfolio Pulse from Murtuza Merchant

May 31, 2024 | 6:41 pm

MSFT

NVDA

SPY

April's PCE report, the Federal Reserve's preferred measure of inflation, came in as expected, causing an initial spike in the SPDR S&P 500 Index Trust (SPY) during pre-market trading. However, stocks, including tech leaders like NVIDIA (NVDA) and Microsoft (MSFT), traded lower as the day progressed. Jonathan Corpina from Meridian Equity Partners provided a cautious outlook, suggesting the market needed a breather and might not hold onto gains.

Portfolio Pulse from Aaron Bry

May 31, 2024 | 6:41 pm

LPTV

Loop Media shares are trading lower following the announcement of a $2.45 million registered direct offering and private placement.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:38 pm

SNOW

Brad Jones, VP of Information Security at Snowflake, addressed reports of a potential compromise in Snowflake's production environment. He stated there is no evidence of any vulnerability, misconfiguration, or breach in Snowflake's product and that Snowflake does not believe it was the source of any leaked customer credentials.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:38 pm

AMBA

CLDI

DELL

GPS

MDB

NVOS

U.S. stocks traded mixed with the Dow Jones gaining 250 points, while the NASDAQ and S&P 500 fell. MongoDB shares plummeted 25% due to weak FY25 guidance, while Ambarella, The Gap, and Novo Integrated Sciences saw significant gains. Dell and Calidi Biotherapeutics shares also dropped.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 6:37 pm

ULTA

Ulta Beauty, Inc. (NASDAQ:ULTA) shares are volatile following better-than-expected Q1 earnings results. The company reported EPS of $6.47, beating estimates of $6.22, and revenue of $2.726 billion, surpassing the expected $2.721 billion. Despite the positive results, Ulta lowered its fiscal-year 2024 guidance. Analysts have adjusted their price targets, mostly lowering them.

Portfolio Pulse from Dylan Berman

May 31, 2024 | 6:31 pm

SNAP

Traders are closely watching Snap Inc. as TikTok disputes a Reuters report claiming it is cloning its algorithm to offer a potentially degraded version of the app for U.S. users.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:30 pm

NOW

ServiceNow (NYSE:NOW) has significantly outperformed the market over the past 10 years, delivering an average annual return of 28.15%. A $1000 investment in NOW stock 10 years ago would be worth $12,524.81 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 6:30 pm

PDD

PDD Holdings (NASDAQ:PDD) has significantly outperformed the market over the past 5 years, delivering an average annual return of 50.72%. A $1000 investment in PDD 5 years ago would be worth $7,879.14 today. The company's current market capitalization is $208.23 billion.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 6:30 pm

IONS

Ionis Pharmaceuticals announced positive Phase 3 results for donidalorsen in treating hereditary angioedema (HAE). The drug showed significant reductions in HAE attack rates and was well-tolerated. Ionis plans to seek FDA approval, and analysts see strong growth potential for the company.

Portfolio Pulse from Vandana Singh

May 31, 2024 | 6:25 pm