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Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are experiencing a dip amid high selling pressure, with analysts suggesting Bitcoin won't see highs unless it breaks $69K. Tesla is shifting investor focus to its energy business amid an auto slowdown. ARK's Bitcoin ETF sees a record outflow, and Intel, XPeng stocks move lower. Alibaba announces a $4.8B stock repurchase, and TSMC suspends chip production due to a tremor in Taiwan. Tesla faces criticism and potential fourth session of losses, while Geely's Zeekr revives IPO plans.

Portfolio Pulse from Akanksha Bakshi

April 03, 2024 | 12:50 pm

PARA

Paramount Global (NASDAQ:PARA) is in discussions about a potential deal with Skydance Media, with Paramount's stock up 2.64% in pre-market trading. The deal could involve Skydance acquiring National Amusements and merging with Paramount. Despite trading at a discount and favorable P/E ratios, technical analysis shows mixed sentiments with indicators like MACD, RSI, and Bollinger Bands providing both bullish and bearish signals.

Portfolio Pulse from Surbhi Jain

April 03, 2024 | 12:44 pm

ARKK

TSLA

Jim Cramer criticized Cathie Wood's prediction that 80% of vehicles will be electric in a few years, following Tesla's significant sales miss in the March 2024 quarter. Despite Tesla's disappointing performance, Wood's Ark Innovation ETF (ARKK) increased its investment in Tesla, which remains its second-largest holding. Tesla's share price dropped 1.06% in premarket trading after the news.

Portfolio Pulse from Rounak Jain

April 03, 2024 | 12:36 pm

ICCM

As of March 31, 2024, IceCure Medical (ICCM) reported having around $11M in cash and cash equivalents. The company has initiated an expense reduction plan to decrease its monthly cash usage, aiming to achieve its primary goals for 2024.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 12:36 pm

EPD

Enterprise Product Partners (EPD) announced plans to construct a new natural gas processing plant, with an expected service start in Q2 2026. Additionally, EPD has commenced service on Mentone 3 and Leonidas, expanding its processing capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 12:20 pm

AYI

QCLN

SIMS

Acuity Brands, Inc (NYSE:AYI) reported a 4.0% decline in Q2 fiscal 2024 net sales to $905.9 million, missing consensus estimates. However, its adjusted EPS of $3.38 exceeded expectations. The company saw a mixed performance across segments, with Acuity Brands Lighting and Lighting Controls revenue down by 5.3% Y/Y, while Intelligent Spaces Group revenue increased by 17.0% Y/Y. Adjusted operating margins improved across the board, and the company generated $292.6 million in operating cash flow for the first half of fiscal 2024. AYI stock has gained 43% in the last 12 months and is part of the First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ:QCLN) and SPDR S&P Kensho Intelligent Structures ETF (NYSE:SIMS) portfolios.

Portfolio Pulse from Anusuya Lahiri

April 03, 2024 | 11:53 am

INVE

Identiv shares surged following the announcement of an agreement to sell its physical security, access card, and identity reader operations and assets to Vitaprotech for $145 million.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 11:45 am

USO

OPEC+ has decided to keep its oil output policy unchanged, as reported by sources to Reuters. This decision could impact oil prices and related investments.

Portfolio Pulse from Charles Gross

April 03, 2024 | 11:43 am

GFI

Gold Fields announced the commencement of production at its Salares Norte mine in Chile's Atacama Province, with the first gold-silver dore poured on March 28, 2024. This development was disclosed in an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 11:42 am

ONMD

OneMedNet shares surged following the completion of a securities purchase agreement, securing up to $4.54 million in funding.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 11:15 am