Streetbeat News

Stock Prices

BBY

CRM

DOOO

GCO

PATH

Investor sentiment has declined ahead of inflation data, with the Dow Jones falling over 300 points. Despite this, major indices are set to record gains for May. Salesforce (CRM) shares dropped 20% due to weak guidance, while Best Buy (BBY) shares surged 13% on strong earnings. UiPath (PATH) tumbled 34% after weak revenue guidance and a CEO transition. Investors await earnings from Genesco (GCO) and BRP (DOOO).

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 6:07 am

EWG

Germany's retail sales for April fell by 1.2% month-over-month, significantly missing the estimated decline of 0.2% and down from a revised 2.6% increase in the prior month.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:06 am

EWU

The U.K. Nationwide House Price Index (HPI) for May increased by 0.4% month-over-month, surpassing the estimated 0.1% and recovering from the previous month's -0.4%.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:05 am

EWU

The U.K. Nationwide House Price Index (HPI) for May showed a year-over-year increase of 1.3%, up from the previous 0.6%.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 6:05 am

GOOG

GOOGL

Google defends its AI search results, which have faced criticism for delivering bizarre and inaccurate information. Despite the backlash, Google claims higher satisfaction with the new AI Overviews feature and plans to improve it by limiting its appearance for nonsensical queries and adding strong guardrails for sensitive topics.

Portfolio Pulse from Ananya Gairola

May 31, 2024 | 6:03 am

ASAN

COST

DELL

DOOO

GCO

Key stocks to watch on Friday include Genesco, Dell, BRP, Asana, and Costco. Genesco is expected to report a quarterly loss, Dell reported strong earnings but saw a share price dip, BRP is expected to post earnings, Asana posted a narrower-than-expected loss, and Costco reported strong earnings but saw a share price dip.

Portfolio Pulse from Avi Kapoor

May 31, 2024 | 5:47 am

SPOT

Spotify Technology SA (NYSE:SPOT) will refund customers who purchased its Car Thing dashboard accessory before deactivating the devices in December 2024. This decision follows a class action lawsuit and comes after a challenging year for Spotify, which included price increases, layoffs, and a 20% revenue growth in Q1 2024.

Portfolio Pulse from Ananya Gairola

May 31, 2024 | 5:16 am

ARKK

PLTR

SHLD

Dan Ives from Wedbush likened Palantir Technologies Inc. (NYSE:PLTR) to Lionel Messi in the AI world, calling it the most underestimated AI play. Despite a sell call from Jim Cramer, Palantir's stock continues to rise, supported by CEO Alex Karp's bold claims of market dominance. The stock has gained over 42% in the last 12 months and is included in ETFs like Global X Defense Tech ETF (NYSE:SHLD) and ARK Innovation ETF (NYSE:ARKK).

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 5:12 am

AAPL

Apple Inc. (NASDAQ:AAPL) plans to overhaul its Siri virtual assistant with powerful AI-driven voice command features, enabling control of individual app functions. The update, to be unveiled at WWDC, will use large language models and generative AI. Initially limited to Apple's apps, the feature will expand to handle multiple commands and is expected to be part of iOS 18 next year. Analysts are bullish on Apple's AI prospects, predicting strong stock performance.

Portfolio Pulse from Ananya Gairola

May 31, 2024 | 5:01 am

BBJP

DXJ

EWJ

Japan's industrial production for April fell by 0.1% month-over-month, missing the estimated 1.5% increase and significantly lower than the previous month's 4.4% growth.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 4:45 am