Latest News for Delek Group Stock (OTC:DELKY)

Delek Group Ltd operates in the oil and natural gas exploration, development, production and marketing sector in Israel and abroad. through investees. The operating segments of the company are, 1) Energy in Israel segment includes the development, production and sale of natural gas in the existing oil assets of the Partnership, and oil and natural gas exploration in the Mediterranean Sea, 2) the Foreign energy segment includes projects of the UK continental shelf in the North sea region through Ithaca Energy plc which is controlled indirectly by the company and 3) additional operations. The company operates primarily in Israel and North Sea region.

Oil Price Photo by William Potter on Shutterstock

Equities

Large Cap

News

Media

DELKY

NY State pension fund restricts investments in 8 oil and gas companies, including Exxon, due to climate risk. 

NY Pension Fund Prioritizes Climate Over Big Oil Profits: Restricts Investments In 8 Companies, Including ExxonMobil

DELEK GROUP LTD UNSP/ADR by Delek Group Ltd.

Delek Group Ltd

In a significant development, Chinese chipmakers are making headway in producing high bandwidth memory (HBM) semiconductors, a crucial component in artificial intelligence (AI) chipsets. This progress marks a key step in China&#8217;s efforts to diminish its dependence on foreign suppliers amid ongoing tensions with the U.S.
What Happened: China&#8217;s leading DRAM chip manufacturer, CXMT, has successfully developed sample HBM chips in collaboration with chip packaging and testing company Tongfu Microelectronics, Reuters reported on Wednesday. These chips are currently being showcased to clients. 
Another Chinese firm, Wuhan Xinxin, is constructing a factory capable of producing 3,000 12-inch HBM wafers per month. This initiative, which commenced in February, is a clear indication of China&#8217;s commitment to advancing its chip sector.
Both CXMT and Wuhan Xinxin are private companies that have received local government funding to drive technological advancements in China&#8217;s chip sector.
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38814718/happy-40-zuckerberg-if-you-invested-1000-in-meta-platforms-stock-when-mark-zuckerberg-turned-30-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Happy 40, Zuckerberg! If You Invested $1000 In Meta Platforms Stock When Mark Zuckerberg Turned 30, Here&#8217;</a>
Why It Matters: The recent progress in China&#8217;s chip sector is a significant development in the global semiconductor industry, especially considering the country&#8217;s <a href="https://www.benzinga.com/markets/asia/24/05/38800273/chinas-semiconductor-spending-tops-us-with-142b-commitment-global-chip-race-heats-up">topped the U.S. in semiconductor spending</a>. This is part of the broader trend of China&#8217;s increasing efforts to <a href="https://www.benzinga.com/markets/equities/24/05/38809034/china-urges-tech-giants-to-shift-away-from-nvidia-and-other-foreign-chip-makers-boost-domestic-a">reduce its reliance on foreign-made chips</a>, particularly those from NVIDIA Corp.
Moreover, the recent progress in the chip sector follows another significant breakthrough. Chinese researchers have developed a cost-effective technique for <a href="https://www.benzinga.com/news/24/05/38789719/beating-us-sanctions-chinese-scientists-achieve-mass-production-of-optical-chips-at-low-cost">mass-producing optical chips</a>, which could potentially soften the impact of U.S. sanctions.
Read Next: <a href="https://www.benzinga.com/news/24/05/38779672/whats-new-in-consumer-tech-world-last-week-news-that-you-should-know-may-5-may-11-2024?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s New In Consumer Tech World Last Week? News That You Should Know (May 5-May 11, 2024)</a>\
Picture by blickpixel on Pixabay and Karolina Grabowska on Pexels and Osman Bugra Nuvasil on Shutterstock
<div style="font-family: 'Lato', sans-serif">
<div>
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>
</div>

Tech

General

Xi Jinping's China Forges Ahead With Better In-House AI Chips To Cut Reliance On Nvidia, Other Foreign Sources Amid US Curbs

Reported Earlier, Richtech Robotics Introduces Medbot To Revolutionize Medication Delivery In Healthcare Facilities

YouTuber and&nbsp;Tesla Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) enthusiast&nbsp;Dillon Loomis&nbsp;believes the EV giant needs&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38399275/no-choice-elon-musk-reacts-as-x-user-reveals-main-reason-why-the-billionaire-is-re-organizing-te" rel="noreferrer noopener">CEO&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38399275/no-choice-elon-musk-reacts-as-x-user-reveals-main-reason-why-the-billionaire-is-re-organizing-te" rel="noreferrer noopener">Elon Musk</a>&nbsp;to drive its market value and future vision of making the auto world fully electric.
What Happened:&nbsp;In a post on X on Tuesday, Loomis said he is &#8220;sick&#8221; of people commenting on how Musk is&nbsp;bad&nbsp;for Tesla and the company needs a more stable CEO. Loomis, for one, is convinced otherwise.&nbsp;
&#8220;Tesla would not be anywhere close to where it is today if it had some risk-averse leader calling the shots the past decade,&#8221; Loomis said, adding that those wanting more traditional CEOs should invest in ETFs or bond funds to avoid the risks involved with Tesla. 
It was not immediately clear if Loomis was a Tesla investor.
&#8220;$TSLA has always been a high beta, risk-on stock with the mission of transitioning the world&nbsp;to sustainable energy. Doing so requires a bit of &#8216;crazy&#8217;,&#8221; Loomis said. The YouTuber thinks that the criticism faced by the CEO is &#8220;out of control&#8221;&nbsp;and obstructs&nbsp;the &#8220;bigger picture&#8221; of Tesla potentially becoming a multi-trillion dollar company selling robotaxis and robots profitably.&nbsp;
&#8220;Tesla&#8217;s market cap ceiling with a vanilla, play-it-safe, don&#8217;t rock the boat CEO would be significantly&nbsp;lower than what it is with Elon steering the ship,&#8221; Loomis wrote. &#8220;Even if the direction at times in the short-term doesn&#8217;t make sense with the limited information we have.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I&#39;m sick of reading comments online about how Elon is bad for Tesla and the company needs a more stable or traditional CEO No, it actually doesn&#39;t. If anything, you need to go invest in a different company Tesla would not be anywhere close to where it is today if it had some…
&mdash; Dillon Loomis (@DillonLoomis22) <a href="https://twitter.com/DillonLoomis22/status/1790448504889901322?ref_src=twsrc%5Etfw">May 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters:&nbsp;Many of Musk&#8217;s decisions for Tesla and&nbsp;his&nbsp;other companies have faced significant flak.&nbsp;Most recently, his decision to focus all of Tesla&#8217;s resources on vehicle autonomy and robotaxis has&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38130387/gene-munster-backs-teslas-focus-on-robotaxis-over-low-cost-ev-gary-black-skeptical-" rel="noreferrer noopener">left analysts and investors</a>&nbsp;divided.&nbsp;
Some investors have also disagreed with the company&#8217;s price-cutting strategy to retain demand instead of relying on advertising to boost sales. Price cuts, they say, have been eroding margins.&nbsp;
Late last year, Musk courted controversy for endorsing an antisemitic conspiracy theory, drawing swift responses&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/11/35854972/elon-musk-twitter-face-backlash-over-antisemitic-claims-i-once-admired-musk-for-his-anti-establishme" rel="noreferrer noopener">from advertisers</a>&nbsp;on X, Tesla investors, and Tesla drivers alike. While Musk later apologized for the post, it left&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/11/35862235/have-elon-musks-recent-antisemitic-posts-shaken-tesla-communitys-loyalty-heres-what-theyre-saying-ab" rel="noreferrer noopener">a few Tesla owners uncomfortable</a>&nbsp;and pushed them away from the brand.
Showdown For Musk:&nbsp;Tesla shareholders&nbsp;in&nbsp;a meeting on June 13, 2024, will again vote on&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38774504/tesla-analyst-sees-annual-shareholder-meeting-as-key-to-determining-elon-musk-led-c" rel="noreferrer noopener">Musk&#8217;s rescinded pay package</a>, which will play a&nbsp;key&nbsp;factor in determining the company&#8217;s long-term strategy.
Price Action: Tesla stock closed 3.3% higher on Tuesday at $177.55, giving the company a market cap of $566.24 billion. The stock is down 28.5% year-to-date, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a> 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/news/24/05/38817313/tesla-ceo-elon-musk-says-making-new-roadster-only-as-fast-as-model-s-plaid-would-be-ridiculous">Tesla CEO Elon Musk Says Making New Roadster Only As Fast As Model S Plaid Would Be &#8216;Ridiculous&#8217;</a>
Photo via Shutterstock

TSLA

In Musk We Trust: Tesla Enthusiast Says EV Giant's Market Cap Would Be Way Lower With 'A Vanilla, Play-It-Safe, Don't Rock The Boat CEO'

Braemar Hotels &amp; Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHR#NYSE">BHR</a>) (&quot;Braemar&quot; or the &quot;Company&quot;) today&nbsp;announced that, based on estimated preliminary results, Blackwells Capital LLC&#39;s (&quot;Blackwells&quot;) withhold proxy campaign at Ashford Hospitality Trust, Inc. (&quot;Ashford Trust&quot;) proved to be a failure, as only&nbsp;7%&nbsp;of Ashford Trust&#39;s outstanding shares voted on the Blackwells proxy card.&nbsp; Ashford Trust announced earlier today that seven of its nine nominees received a majority of the votes cast and the remaining two nominees were re-appointed by the Board after the meeting in accordance with Ashford Trust&#39;s corporate governance guidelines.

Reported Earlier, Braemar Hotels & Resorts Confirms Blackwells Capital's Proxy Effort At Ashford Trust Unsuccessful

Mitsubishi Electric Corporation&nbsp;(Chiyoda-ku, Tokyo) and Musashi Energy Solutions Co., Ltd. (Hokuto City, Yamanashi Prefecture), a subsidiary of Musashi Seimitsu Industry Co., Ltd. (Toyohashi City, Aichi Prefecture), announced today their signing of a partnership and co-development agreement on May 14 for Innovative Energy Storage Devices to be incorporated into Innovative Energy Storage Modules, and Battery Management Systems (BMSs) that monitor and control battery usage for railway operators and rolling stock manufacturers.

MIELY

Reported Earlier, Mitsubishi Electric Collaborates With Musashi Energy Solutions To Advance Carbon Neutrality In The Global Railway Industry

Net proceeds from the offering are expected to be approximately&nbsp;$141.0 million&nbsp;after deducting underwriting discounts and commissions and before estimated offering expenses. VSE expects to use substantially all of the net proceeds from this offering to repay outstanding borrowings under its revolving loan facility, including borrowings to fund its acquisition of Turbine Controls, Inc., to support potential future strategic acquisitions and for general corporate purposes.

VSEC

Reported Earlier, VSE Prices Public Offering Of 2,112,676 Common Stock At $71/share

Sky Harbour Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SKYH#AMEX">SKYH</a>) reported quarterly losses of $(0.78) per share which missed the analyst consensus estimate of $(0.07) by 1014.29 percent. This is a 90.24 percent decrease over losses of $(0.41) per share from the same period last year. The company reported quarterly sales of $2.404 million which beat the analyst consensus estimate of $2.200 million by 9.27 percent. This is a 117.16 percent increase over sales of $1.107 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

SKYH

Sky Harbour Group Q1 2024 GAAP EPS $(0.78) Misses $(0.07) Estimate, Sales $2.404M Beat $2.200M Estimate

The development of this AI digital person is based on the company&#39;s long-term technical buildup in the gaming field and in-depth application of market-leading third-party AI technology, marking an important step for BHAT in the field of AI application services.

BHAT

Blue Hat Interactive Announces Artificial Intelligence Digital Person "Aileen" As Chief Information Officer

<ul>
<li>Two abstracts on SAR443579 (IPH6101), ANKET&reg;&nbsp;platform lead asset, a trifunctional anti-CD123 NKp46xCD16 NK cell engager under development by partner Sanofi in blood cancer</li>
<li>Two abstracts on IPH6501, Innate&#39;s second generation ANKET&reg;&nbsp;for the treatment of relapsed or refractory CD20-expressing B-cell Non-Hodgkin&#39;s Lymphomas</li>
</ul>

IPHA

Innate Pharma's Four Abstracts With Innate's Drug Candidates Accepted For The European Association Of Hematology 2024 Congress

The recent surge in meme stocks, including GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), AMC Entertainment Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>), and BlackBerry Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>), is not the result of retail traders acting in unison, according to a top industry executive.
What Happened: JJ Kinahan, CEO of IG North America, suggested that the current meme stock rally is not driven by retail traders, as was the case in the past. Kinahan shared his views during an interview on CNBC&#8217;s Last Call.
&#8220;Last time, in my opinion, this started out with retail traders all doing something at the same time. I do not get the feeling that&#8217;s what happened this time,&#8221; Kinahan said, referring to the current meme stock surge.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;Last time, in my opinion, this started out with retail traders all doing something at the same time. I do not get the feeling that&#39;s what happened this time,&quot; says IG North America CEO <a href="https://twitter.com/TheJJKinahan?ref_src=twsrc%5Etfw">@TheJJKinahan</a> on who&#39;s behind the meme rally. <a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GME</a> <a href="https://twitter.com/search?q=%24AMC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AMC</a> <a href="https://twitter.com/search?q=%24BB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BB</a> <a href="https://t.co/Uuq2LHfnkE">pic.twitter.com/Uuq2LHfnkE</a>
&mdash; Last Call (@LastCallCNBC) <a href="https://twitter.com/LastCallCNBC/status/1790522103424221304?ref_src=twsrc%5Etfw">May 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38787490/gamestop-shares-surge-as-roaring-kitty-resurfaces-after-3-year-silence?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GameStop Shares Surge As &#8216;Roaring Kitty&#8217; Resurfaces After 3-Year Silence</a>
While the exact catalyst for the recent meme stock rally <a href="https://www.benzinga.com/news/24/05/38824912/stock-market-interest-is-surging-are-meme-stocks-responsible">remains unclear</a>, the surge in these stocks has been remarkable. On Tuesday, GameStop&#8217;s shares soared by as much as 113%, while AMC experienced a 129% surge in early trading before pulling back.
Social media-fueled trading gained traction with the re-emergence of &#8220;Roaring Kitty,&#8221; also known as Keith Gill, a prominent retail trader from the 2021 meme stock era. Gill resumed posting on social media on Sunday, sparking renewed interest and activity in trading circles.
Why It Matters: The current meme stock rally has been <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38815078/jim-cramer-bets-cash-strapped-amc-gamestop-may-issue-shares-to-capitalize-on-new-me">a hot topic</a> in the financial world, with many analysts speculating on the driving forces behind it. Some, like Kinahan, believe that retail traders are not the primary force behind the surge, while others, such as Jim Cramer, have suggested that companies like GameStop and AMC may use the stock surge to raise capital through public offerings.
As the meme stock rally continues, analysts are also considering <a href="https://www.benzinga.com/markets/equities/24/05/38831590/5-ways-the-gamestop-meme-stocks-rally-could-fizzle-stock-offerings-boredom-and-more">potential factors that could fizzle the rally</a>, such as stock offerings and market boredom. However, for now, the surge in meme stocks is undeniably driving significant interest in the stock market.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38780639/bitcoin-ethereum-dogecoin-trade-mixed-after-turbulent-week-analyst-says-king-crypto-can-ri?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Trade Mixed After Turbulent Week: Analyst Says King Crypto Can Rise To $76K Level If It Reclaims This Crucial Support</a>
Image Via Shutterstock 
<hr class="wp-block-separator has-alpha-channel-opacity" />
Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />

Social Media

Global

Markets

Gamestop, AMC Meme Stock Rally Not Driven By Retail Traders This Time, IG North America CEO Says 'I Do Not Get The Feeling'

Former Secretary of State Hillary Clinton has accused ex-President Donald Trump of attempting to bribe fossil fuel CEOs to overturn President Joe Biden&#8216;s climate policies.
What Happened: Clinton, in a post on Tuesday, cited a Washington Post report that alleged Trump had promised fossil fuel CEOs a reversal of Biden&#8217;s climate policies in exchange for $1 billion. She described the bribe as &#8220;outrageous&#8221; and questioned why Trump had faced so little political backlash for his actions in the past.
Clinton wrote, &#8220;I&#8217;m still not over Trump promising fossil fuel CEOs that he&#8217;ll reverse Biden&#8217;s climate action in return for $1 billion. It&#8217;s a bribe so outrageous it nearly defies belief—which is why he&#8217;s paid so little political cost for these moves in the past. Can we change that dynamic?&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I&#39;m still not over Trump promising fossil fuel CEOs that he&#39;ll reverse Biden&#39;s climate action in return for $1 billion. It&#39;s a bribe so outrageous it nearly defies belief—which is why he&#39;s paid so little political cost for these moves in the past. Can we change that dynamic? <a href="https://t.co/sz12CLtlhe">pic.twitter.com/sz12CLtlhe</a>
&mdash; Hillary Clinton (@HillaryClinton) <a href="https://twitter.com/HillaryClinton/status/1790406995251474898?ref_src=twsrc%5Etfw">May 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
At the dinner, Trump pledged to swiftly lift the Biden administration&#8217;s freeze on permits for new liquefied natural gas exports — a key demand of the executives present, according to the Washington Post <a href="https://www.washingtonpost.com/politics/2024/05/09/trump-oil-industry-campaign-money/">report</a> which cited three individuals at the event.
"You've been waiting on a permit for five years; you'll get it on Day 1," Trump told the executives. 
Trump&#8217;s press team did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/news/23/06/32982308/rfk-jr-berates-us-for-dodging-ukraine-war-negotiations-says-russia-acting-in-good-faith?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">RFK Jr Berates US For Dodging Ukraine War Negotiations, Says Russia &#8216;Acting In Good Faith&#8217;</a>
Why It Matters: This accusation from Clinton comes amid a series of controversies involving Trump and the oil industry. Trump reportedly <a href="https://www.benzinga.com/news/24/05/38751446/trump-reportedly-seeks-1b-in-campaign-funds-from-exxon-mobil-chevron-other-big-oil-execs-expert-call">sought $1 billion in campaign funds</a> from Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), and other major oil companies. This request, made during a meeting at his Palm Beach, Florida home, was met with shock but was deemed legal by industry experts.
Trump&#8217;s ties to the oil industry have been under scrutiny, with U.S. Senate Majority Leader Chuck Schumer (D-N.Y.) <a href="https://www.benzinga.com/government/24/05/38781945/chuck-schumer-says-trump-might-be-hosting-dinners-for-big-oil-execs-but-ftc-should-side-with-consume">calling for a reevaluation</a> of the proposed $53 billion merger between Chevron and Hess Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>). Schumer warned that the merger could lead to higher gas prices, further fueling concerns about Trump&#8217;s relationship with the oil industry.
These allegations against Trump also coincide with <a href="https://www.benzinga.com/general/politics/24/05/38832464/michael-cohen-says-he-was-knee-deep-into-the-cult-of-donald-trump-when-he-admired-lied-for-forme">testimonies from Michael Cohen</a>, Trump&#8217;s former lawyer, in the hush money criminal trial against the ex-president. Cohen admitted to lying to protect Trump, shedding light on the ethical and legal controversies surrounding the former president.
Read Next: <a href="https://www.benzinga.com/news/23/09/34392283/donald-trump-tells-supporters-im-being-indicted-for-you-at-south-dakota-rally?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Donald Trump Tell Supporters &#8216;I&#8217;m Being Indicted For You&#8217; At South Dakota Rally</a>
Image Via Shutterstock 
<hr class="wp-block-separator has-alpha-channel-opacity" />
Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />

Politics

Hillary Clinton Slams Trump For Allegedly Bribing Fossil Fuel CEOs To Reverse Biden's Climate Action In Exchange For $1B: 'Outrageous'

In the wake of the dissolution of a United Nations body, Western nations are on the hunt for a new entity to oversee North Korea&#8217;s adherence to international sanctions after Russia vetoed a UN panel that overlooked Kim Jong Un&#8216;s country. 
What Happened: An eight-member panel, initially appointed by former UN secretary-general Ban Ki-moon in 2009, was disbanded after Russia vetoed its mandate extension in March, the Financial Times <a href="https://www.ft.com/content/2d02b36d-c7fe-4b29-92a7-144c1361e863">reported</a> on Wednesday. The panel&#8217;s mandate expired on Apr. 30, posing a significant obstacle to global efforts to limit North Korea&#8217;s access to foreign finance, energy, and technologies.
Maya Ungar, a UN analyst at the International Crisis Group, stated, "The sanctions remain in place on paper, but Russia's veto removes the UN Security Council's one impartial source of information on who is breaching the sanctions and how."
Eric Penton-Voak, a former British official who once served as co-ordinator of the panel, revealed that Russia was never supportive of the work of the panel.
"But with weapons being traded and Russian oil being imported into North Korea — all of it clearly visible from satellite imagery — the panel would have become an increasingly annoying presence, so Moscow dispensed with it,&#8221; he added.
The UN Security Council initially imposed sanctions on North Korea in October 2006, following the country&#8217;s first nuclear test. However, relations between Western nations and North Korea&#8217;s allies, Russia and China, have become increasingly strained in recent years. Both Moscow and Beijing have become increasingly critical of the sanctions.
See Also: <a href="https://www.benzinga.com/general/politics/24/05/38794046/michael-cohen-says-he-never-wanted-to-go-into-law-was-offered-375k-to-work-for-donald-trump-goin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Michael Cohen Says He Never Wanted To Go Into Law, Was Offered $375K To Work For Donald Trump: &#8216;Going To</a>
One potential solution being considered is the creation of a new monitor under the UN General Assembly, which would not be subject to a Russian or Chinese veto. However, this proposal could face resistance from Beijing and bring up complex legal and budgetary issues.
Why It Matters: The U.S. ambassador to the United Nations, Linda Thomas-Greenfield, has <a href="https://www.benzinga.com/news/24/04/38267872/us-envoy-calls-on-russia-and-china-to-stop-rewarding-kim-jong-uns-bad-behavior-hiding-the-truth-does">previously criticized Russia and China </a>for shielding North Korea from sanctions. This came after Russia's veto and China's abstention from renewing a U.N. panel that monitors sanctions against North Korea's nuclear and missile programs.
"We must now consider how to continue access to this kind of objective, independent analysis in order to address [North Korea's] unlawful WMD and ballistic missile advancements," Thomas-Greenfield said.
Kim has been<a href="https://www.benzinga.com/news/24/05/38776689/kim-jong-un-intensifies-north-koreas-military-arsenal-tests-new-rocket-launch-system-report"> intensifying the country&#8217;s military arsenal</a> and testing a new multiple rocket launch system. This move underscores the urgency of maintaining an effective monitoring system for North Korea&#8217;s compliance with international sanctions.
Read Next: <a href="https://www.benzinga.com/news/24/05/38776647/elon-musk-berates-gavin-newsom-after-california-governor-discloses-plans-to-cut-10-000-vacant-state?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Berates Gavin Newsom After California Governor Discloses Plans To Cut 10,000 Vacant State Jobs</a>
Image via Shutterstock
<div style="font-family: 'Lato', sans-serif">
<div>
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>
</div>

Western Nations Seek A New Eye To Watch Over Kim Jong Un's North Korea Despite Resistance From Russia, China

Shares of video game retailer GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) have lifted exponentially this week, trumping the world&#8217;s largest cryptocurrency Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) yearly gains in a single day.&nbsp;
What Happened: GameStop shares rallied 190% since the week began, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>, pumped by <a href="https://www.benzinga.com/short-sellers/24/05/38822479/gamestops-david-vs-goliath-rematch-shorts-face-1-4b-loss-in-2024-as-roaring-kitty-returns">retail traders' excitement over the return of Keith Gill</a>, aka "Roaring Kitty", a central character in the previous rally of shares in January 2021. Bitcoin, on the other hand, has risen 125% over the past year, paling in comparison to the GameStop whirlwind. 
That said, on a larger timeframe, the King Crypto's trajectory evoked more optimism. Since the last meme stock mania in Jan. 2021, Bitcoin has gained 91%, even breaching its previous peak earlier this year. 
GameStop, on the other hand, entered a multi-year decline and was unable to break through its prior highs. It was still trading 38% lower than its peak. 
Why It Matters: GameStop&#8217;s trajectory displayed brief, sharp surges brought on by social media events, but Bitcoin exhibited consistency over the years, bolstering its use case as a store of value asset.
While the sustainability of GameStop's surge will be evident in the next few days, Bitcoin's growing mainstream penetration spurred by the launch of spot ETFs would mean a more stable ascent, away from wild fluctuations.
Price Action: At the time of writing, Bitcoin was exchanging hands at $61,908.40, following a 1.14% drop in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38815412/doge-is-the-first-crypto-gme-folks-are-likely-to-buy-touts-trader-that-turned-5-figures-in">DOGE Is The First Crypto GME Folks Are Likely To Buy,&#8217; Touts Trader That Turned 5 Figures Into 8 Figures With Meme Coins</a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

GameStop Might Have Outperformed Bitcoin's Yearly Returns In A Single Day But Here's Why King Crypto Evokes More Optimism

Sportradar Group AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRAD#NASDAQ">SRAD</a>) is set to release earnings results for its first quarter before the <a href="https://www.benzinga.com/quote/SRAD/earnings">opening bell on May 15.</a>
Analysts expect the Sankt Gallen, Switzerland-based company to report quarterly earnings at 6 cents per share, up from 2 cents per share in the year-ago period. Sportradar is projected to report quarterly revenue of $263.16 million, compared to $227.64 million a year ago, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On May 1, Sportradar named Behshad Behzadi as the company&#8217;s Chief Technology Officer and Chief Artificial Intelligence Officer.
Sportradar shares rose 0.9% to close at $9.50 on Tuesday.
Benzinga readers can access the latest analyst ratings on the A<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">nalyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/SRAD/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Citigroup analyst Jason Bazinet maintained a Buy rating and raised the price target from $15 to $17 on March 22. This analyst has an accuracy rate of 68%.</li>
<li>Canaccord Genuity analyst Michael Graham reiterated a Buy rating with a price target of $16 on March 21. This analyst has an accuracy rate of 66%.</li>
<li>JP Morgan analyst David Karnovsky maintained an Overweight rating on March 21. This analyst has an accuracy rate of 68%.</li>
<li>JMP Securities analyst Jordan Bender initiated coverage on the stock with a Market Perform rating on Sept. 7, 2023. This analyst has an accuracy rate of 63%.</li>
<li>Benchmark analyst Mike Hickey reiterated a Buy rating with a price target of $14 on Aug. 31, 2023. This analyst has an accuracy rate of 60%.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/news/24/05/38817342/jim-cramer-says-nu-skin-is-overvalued-praises-fabulous-pure-storage">Jim Cramer Says Nu Skin Is &#8216;Overvalued,&#8217; Praises &#8216;Fabulous&#8217; Pure Storage</a>

Price Target

Pre-Market Outlook

Trading Ideas

SRAD

Sportradar Group Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

The CNN Money Fear and Greed index showed further improvement in overall market sentiment, but the index remained in the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the Nasdaq Composite surging to a new closing record level during the session.
On the economic data front, U.S. producer prices rose 0.5% month-over-month in April compared to a revised 0.1% decline in March and higher than market expectations of 0.3%. Data on consumer prices for April will be released today.
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) reported weaker-than-expected earnings for its fiscal fourth-quarter. Home Depot Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) reported downbeat sales for its first quarter on Tuesday.
Most sectors on the S&amp;P 500 closed on a positive note, with information technology, real estate and financial stocks recording the biggest gains on Tuesday. However, consumer staples and energy stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 127 points to 39,558.11 on Tuesday. The S&amp;P 500 rose 0.48% at 5,246.68, while the Nasdaq Composite gained 0.75% at 16,511.18 during Tuesday's session.
Investors are awaiting earnings results from Dole plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>), Arcos Dorados Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>), and Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) today.
At a current reading of 53.9, the index remained in the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 50.9.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: <a href="https://www.benzinga.com/news/24/05/38817342/jim-cramer-says-nu-skin-is-overvalued-praises-fabulous-pure-storage">Jim Cramer Says Nu Skin Is &#8216;Overvalued,&#8217; Praises &#8216;Fabulous&#8217; Pure Storage</a>

ARCO

BABA

CSCO

DOLE

Investor Optimism Improves Ahead Of CPI Report, Nasdaq Settles At Record High

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) to report quarterly earnings at 82 cents per share on revenue of $12.53 billion after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Cisco shares rose 0.1% to $49.00 in after-hours trading.</li>
<li>Prestige Consumer Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBH#NYSE">PBH</a>) reported worse-than-expected financial results for the fourth quarter and issued weak guidance. Prestige Consumer Healthcare shares dipped 7.7% to $66.00 in the after-hours trading session.</li>
<li>Analysts are expecting Arcos Dorados Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) to post quarterly earnings at 17 cents per share on revenue of $1.02 billion. The company will release earnings before the markets open. Arcos Dorados shares rose 1.7% to $11.40 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a> 
<ul>
<li>Infinera Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) reported weak preliminary financial results for the first quarter. The company said it sees preliminary adjusted loss of 17 cents per share, versus market expectations for a loss of 13 cents per share. It expects preliminary revenue of $306.9 million for the quarter, down from estimates of $336.995 million. Infinera shares tumbled 10.8% to $5.17 in the after-hours trading session.</li>
<li>Analysts expect Dole plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>) to post quarterly earnings at 31 cents per share on revenue of $2.12 billion before the opening bell. Dole shares rose 1.2% to $12.41 in after-hours trading.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/05/38817342/jim-cramer-says-nu-skin-is-overvalued-praises-fabulous-pure-storage">Jim Cramer Says Nu Skin Is &#8216;Overvalued,&#8217; Praises &#8216;Fabulous&#8217; Pure Storage</a>

INFN

Cisco, Prestige Consumer Healthcare And 3 Stocks To Watch Heading Into Wednesday

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Wage Price Index (QoQ) For Q1 0.8% Vs. 0.9% Est.; 1.0% (Revised) Prior

Robinhood Markets Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) equities trading volume surged to a record $5 billion on Tuesday, marking one of the platform&#8217;s biggest days in the past 12 months. This achievement comes amid a resurgence in retail trading, reminiscent of the 2021 meme stock frenzy, where Robinhood played a pivotal role as a favored platform for retail investors.
What Happened: Robinhood CEO Vlad Tenev revealed that the trading app had experienced a surge in equities trading volume, reaching a record $5 billion on Tuesday.
He also mentioned that the company would upgrade its systems to accommodate the increasing load, with certain features potentially being temporarily unavailable between 1 a.m. and 3 a.m. ET.
&#8220;@RobinhoodApp hit $5B in equities trading volume today &#8230; one of our biggest days in the past 12 months,&#8221; Tenev wrote. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/RobinhoodApp?ref_src=twsrc%5Etfw">@RobinhoodApp</a> hit $5B in equities trading volume today &#8230; one of our biggest days in the past 12 months
&mdash; Vlad Tenev (@vladtenev) <a href="https://twitter.com/vladtenev/status/1790560257196060741?ref_src=twsrc%5Etfw">May 15, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In the <a href="https://investors.robinhood.com/news/news-details/2024/Robinhood-Reports-First-Quarter-2024-Results/default.aspx">first quarter</a>, Robinhood reported a notable surge in options contracts traded, marking a 26% increase year-over-year, totaling 343.6 million contracts. Equally impressive was the 40% year-over-year rise in equity notional trading volumes, reaching $225.0 billion.
Additionally, Robinhood&#8217;s strategic move of offering a 3% retirement transfer match sparked substantial customer adoption. During the promotion period from January to April, customers transferred over $4 billion in retirement assets from competing brokerages, averaging over $90,000 per customer.
 The <a href="https://www.benzinga.com/news/24/05/38824912/stock-market-interest-is-surging-are-meme-stocks-responsible">resurgence of retail trading</a>, reminiscent of the 2021 meme stock frenzy, is evident as Robinhood emerges as a favored platform among retail traders once again. 
 Popular stocks like GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) and AMC Entertainment Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) are dominating Wall Street this week, witnessing substantial surges in their stock prices.
Robinhood&#8217;s stock surged sharply this week as social media-driven trading gained momentum. This surge coincided with GameStop&#8217;s remarkable 74% climb, following the return of &#8220;Roaring Kitty&#8221; aka Keith Gill, a prominent retail trader from the 2021 meme stock era, who resumed posting on social media on Sunday.
It&#8217;s worth noting that Robinhood was not publicly traded during the peak of the 2021 meme stock rally, having gone public in July 2021. However, transaction revenue at Robinhood, a key measure of trading activity, had reached its peak during the retail trading saga of 2021, according to Reuters.
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38805886/gamestop-amc-alibaba-rivian-tesla-why-these-5-stocks-are-on-investors-radars-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GME, AMC, BABA, RIVN, TSLA: Top 5 Trending Stocks Today</a>
Why It Matters: Robinhood reported <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38713973/robinhood-q1-earnings-highlights-revenue-beat-eps-beat-over-1-million-on-gold-credit-card-">record revenue</a> of $618 million in the first quarter of 2024, a 40% increase year-over-year. This exceeded the Street&#8217;s consensus estimate of $548.6 million. 
The platform&#8217;s strong financial results have coincided with its plans to expand its product suite for active traders, with the introduction of <a href="https://www.benzinga.com/news/earnings/24/05/38720316/robinhood-ceo-vlad-tenev-says-the-platform-set-to-introduce-index-options-and-futures-trading-for-a">index options and futures trading</a> in the fourth quarter of 2024.
The $5 billion equities trading volume is a significant achievement for Robinhood, especially considering the company&#8217;s recent <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38723057/gary-gensler-led-sec-a-source-of-frustration-for-robinhood-ceo-vlad-tenev-says-theyve-held">frustrations with the SEC</a> over its crypto arm. 
Despite these challenges, the platform has continued to <a href="https://www.benzinga.com/news/24/05/38776464/robinhood-ceo-vlad-tenev-dishes-on-hot-retirement-offerings-economics-of-the-offer-are-irresistible">expand its offerings</a> and attract a growing user base, as evidenced by its soaring trading volumes.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38807245/big-short-fame-investor-expects-elon-musks-tesla-shares-to-plunge-70-people-are-going-to-start-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Big Short&#8217; Fame Investor Expects Elon Musk&#8217;s Tesla Shares To Plunge 70%: &#8216;People Are Going To Start To Lose Patience&#8217;</a>
Image Via Shutterstock 
<hr class="wp-block-separator has-alpha-channel-opacity" />
Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
<hr class="wp-block-separator has-alpha-channel-opacity" />

HOOD

Amid GameStop, AMC Meme Mania, Robinhood Scores Record $5B Equities Trading Volume — CEO Vlad Tenev Says, 'One Of Our Biggest Days'

Frog-themed meme coin Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) stormed to an all-time high Tuesday, rendering all of its holders in profit at one point in the day.
What Happened: The coin became the largest gainer in the memecoin market in the last 24 hours, and one of the largest in the broader market, with gains of more than 10%, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
About 98% of its holders were making money at the time of publication, <a href="https://app.intotheblock.com/coin/PEPE">according </a>to IntoTheBlock data, with the figure hitting 100% earlier in the day.
The meme token pipped large-cap cryptocurrencies like Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), BNB (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>), and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) in 24-hour trading volume, totaling $3.8 billion.
The upsurge caught the eye of investors, leading some to fill their bags with PEPE. A trader withdrew more than 407 billion tokens, worth $4.4 million at prevailing market prices, according to Spotonchain. 
The big grab indicated expectations of PEPE's value rising further in the days to come.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Smart traders are accumulating <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> and <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> in the past 24 hours! Is <a href="https://twitter.com/hashtag/memecoin?src=hash&amp;ref_src=twsrc%5Etfw">#memecoin</a> season returning? 1. DWF Labs (<a href="https://twitter.com/DWFLabs?ref_src=twsrc%5Etfw">@DWFLabs</a>) withdrew 2B <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> ($394K) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> 40 mins ago. &#8211; Notably, this is their first <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> activity in over a year. 2. Smart trader 0x37d withdrew… <a href="https://t.co/ZSSsVuRfKI">pic.twitter.com/ZSSsVuRfKI</a>
&mdash; Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1790368883364569365?ref_src=twsrc%5Etfw">May 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Pepe was likely benefiting from the <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38797959/keith-gills-roaring-kitty-comeback-sparks-1400-surge-of-kitty-themed-meme-coin">frenzy caused by the return of retail trader "Roaring Kitty,</a>" a catalyst that also sent other meme tokens flying. 
The surge also signaled the start of the second meme coin bull market of the year, t<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37911121/solana-meme-coin-mania-continues-coinbases-base-l2-may-be-the-next-big-opportunity-for-mem">he first of which in March</a> offered enthusiasts of this class of cryptocurrencies enormous profits.
In fact, one cryptocurrency trader underlined how it was the meme coins that were netting solid returns, while fundamental and utility tokens were letting them down.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I thought we came into crypto for tech &#x1f602; F&#x2A;&#x2A;k Utility &amp; Tech &#x1f602; Only My <a href="https://twitter.com/hashtag/Memecoins?src=hash&amp;ref_src=twsrc%5Etfw">#Memecoins</a> Portfolio Growing From The Past 3 Months &amp; All Fundamental + Utility Tokens Are Going Down &#x1f644;<a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> Gave Me So Much My 5 Top Tokens Didn&#39;t Gave Last 2 Months &#x1f62a; <a href="https://t.co/xW5uGxSuy7">pic.twitter.com/xW5uGxSuy7</a>
&mdash; Karan Singh Arora (@thisisksa) <a href="https://twitter.com/thisisksa/status/1790348520450372079?ref_src=twsrc%5Etfw">May 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action: At the time of writing, PEPE was exchanging hands at $$0.00001106, following a 10% jump in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Image Via Shutterstock
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38834745/ethereum-spot-etf-approval-odds-decrease-for-later-this-month-as-analyst-points-out-sec-co">Ethereum Spot ETF Approval Odds Decrease For Later This Month As Analyst Points Out SEC &#8216;Considering the Security Question for the Asset&#8217;</a>

$BNB

$DOGE

$PEPE

$SOL

PEPE Explodes To All-Time Highs — Leaves Dogecoin, Solana Trailing In the Dust

<a href="https://www.benzinga.com/topic/california-cannabis">California-based</a> cannabis company&nbsp;Lowell Farms Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/lowlf#OTC">LOWLF</a>)
released its financial and operational results on Tuesday afternoon for the first quarter of 2024, ending March 31.
The company reported a 35% decrease in net revenue, which fell to $4.9 million from $7.5 million in the same quarter last year. However, <a href="https://www.benzinga.com/markets/cannabis/23/11/35789904/cannabis-growers-rough-year-q3-earnings-show-28-revenue-plunge-but-sheds-millions-in-debt">net revenue</a> showed a 35% increase from $3.6 million in Q4 2023.
<a href="https://www.benzinga.com/general/biotech/23/03/31227249/from-controversial-to-profitable-why-nestl-procter-gamble-pepsico-and-other-cpg-brands-should-emb">Consumer packaged goods (CPG)</a> revenue dipped 11% year-over-year but rose 10% from the previous quarter. Bulk product revenue dropped 73% year-over-year and 66% from Q4 2023. Revenue from Lowell Farm Services (LFS) decreased 41% year-over-year and 93% from the previous quarter.
Mark Ainsworth, co-founder and CEO, <a href="https://ir.lowellfarms.com/news-events/press-releases/detail/123/lowell-farms-inc-announces-unaudited-first-quarter-2024">remarked</a>, &quot;Our recent strategic decisions have bolstered our manufacturing and distribution capabilities, allowing us to navigate the industry landscape. By optimizing efficiencies, we&rsquo;re poised for steady growth and positive impact.&quot;
<h3>Financial Losses Improve Despite Gross Margin Challenges</h3>
<ul>
<li>Lowell Farms reported a gross loss of $0.8 million for the quarter, translating to a negative <a href="https://www.benzinga.com/markets/cannabis/24/03/37986890/lowell-farms-navigates-challenging-terrain-with-35-revenue-dip-a-look-at-2023s-financial-outcome">gross margin</a> of 17%, primarily due to the company&#39;s exit from its cultivation facility.&nbsp;This means the company faced significant financial challenges as it transitioned away from cultivation, impacting its overall profitability.&nbsp;</li>
<li>The operating loss for Q1 2024 was $2.9 million, compared to $2.4 million in Q1 2023 and $9.6 million in Q4 2023.</li>
<li>The net loss for the quarter was $2.9 million, an improvement from the $4.0 million net loss in the same quarter last year (27.5% YoY) and better than the $13.1 million net loss in Q4 2023 (77.9% QoQ).</li>
<li>Adjusted EBITDA stood at negative $1.1 million, consistent with the same quarter last year but an improvement from negative $4.1 million in the previous quarter.</li>
</ul>
To learn more about the cannabis business and how to invest in the sector,&nbsp;don&#39;t miss the opportunity to join us at the&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article" target="_blank">19th Benzinga Cannabis Capital Conference</a>&nbsp;in Chicago this October 8-9. Engage with top executives, investors, policymakers, and advocates to explore the industry&#39;s future. Secure your tickets now before prices increase by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank">this link</a>.
Photo: AI-Generated Image.&nbsp;

Cannabis

Penny Stocks

Retail Sales

Small Cap

LOWLF

Lowell Farms Reports 35% Revenue Drop In Q1: Following Cannabis Cultivation Exit, Net Loss Down 27.5%

Delek Group goes ex dividend Monday

The company primarily operates in the Mediterranean and the North Sea. It has been paying quarterly dividends for the past year.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Latest News for Delek Group Stock (OTC:DELKY)

Friday, February 16, 2024