Streetbeat News

Earnings

TSLA

Tesla's upcoming annual shareholder meeting on June 13 will decide on Elon Musk's 2018 compensation package, which was nullified by a Delaware Chancery court. Key conditions for Tesla's growth include Musk getting 25% voting power, Tesla being incorporated in Texas, and the approval of Musk's compensation package. Musk has indicated that without these conditions, he may prefer to build products outside of Tesla. The company is also focusing on its robotaxi business to counter its core EV business struggles.

Portfolio Pulse from Shanthi Rexaline

May 19, 2024 | 10:56 pm

AMZN

GOOG

META

MSFT

NVDA

Global stock markets are reaching unprecedented highs, with major indices like the S&P 500, Nasdaq 100, and Dow Jones Industrial Average setting new records. This rally is driven by factors such as potential interest rate cuts, strong economies, and robust corporate earnings. Key U.S. companies like Nvidia, Microsoft, Amazon, Meta Platforms, and Alphabet have significantly contributed to the S&P 500's rise.

Portfolio Pulse from Bibhu Pattnaik

May 18, 2024 | 8:23 pm

CGC

GME

META

TLRY

TSLA

Benzinga reviewed the prospects of popular stocks and cryptocurrencies, highlighting significant market movements and company-specific news. The Dow Jones Industrial Average closed above 40,000 for the first time, while the S&P 500 and Nasdaq also saw gains. Key stories included Tesla's new Model Y lease option, Shiba Inu's potential breakout, Biden's marijuana rescheduling impacting Canopy Growth and Tilray, and Citron Research's short position on GameStop.

Portfolio Pulse from Michael Cohen

May 18, 2024 | 12:45 pm

TSLA

Gary Black, Managing Partner at Future Fund, expects Tesla's CEO Elon Musk's $56 billion 2018 compensation package to be reinstated by shareholders in the upcoming annual meeting on June 13, 2024. This is seen as a major positive for Tesla, potentially eliminating the risk of Musk leaving the company. Despite Tesla's advancements in autonomous driving, earnings estimates are low due to price cuts and falling delivery estimates. Morgan Stanley analyst Adam Jonas also anticipates significant stock volatility around the meeting.

Portfolio Pulse from Anan Ashraf

May 18, 2024 | 8:04 am

PSNY

Polestar has received a deficiency notice from Nasdaq and is working to file its annual report on Form 20-F as soon as possible. The company also plans to report its preliminary unaudited financial and operational results for Q1 2024 shortly after.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 8:16 pm

AMC

BRK

CB

GME

JPM

RDDT

SOXX

TSLA

Major market indexes hit record highs, with the Dow reaching 40,000 as inflation fears recede. Meme stocks like AMC and GME saw a resurgence, while GameStop later dropped due to a share offering and weak revenue estimates. Reddit partnered with OpenAI, and Berkshire Hathaway acquired a significant stake in Chubb. Jamie Dimon warned about the national deficit, and Tesla's Cybertruck lagged behind Ford's F-150 Lightning in registrations.

Portfolio Pulse from Piero Cingari

May 17, 2024 | 8:07 pm

MDT

Medtronic (NYSE:MDT) has seen significant unusual options activity, with 23 notable trades. 47% of traders were bullish, while 34% were bearish. The trades included 9 puts valued at $396,514 and 14 calls valued at $1,150,650. The price targets range from $80.0 to $87.5. Medtronic's stock is currently trading at $85.93, with an RSI indicating it may be overbought. Earnings are expected in 6 days.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 8:00 pm

APO

Financial giants have shown a bullish interest in Apollo Global Management (NYSE:APO) through significant options activity. Analysis reveals 10 unusual trades, with 8 calls valued at $3,334,620 and 2 puts valued at $105,120. The price window for these trades ranges from $107.0 to $170.0. Current market sentiment is mixed, with a slight price decrease to $112.69. Analysts have a consensus target price of $124.75, with ratings ranging from Hold to Overweight.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 7:46 pm

SGBX

Safe & Green Holdings shares are trading higher after the company reported a year-over-year increase in Q1 EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 7:44 pm

AZPN

Analysts have provided mixed ratings for Aspen Technology (NASDAQ:AZPN) over the past three months, with a recent increase in the average price target to $218.75. The company's financial performance shows strong revenue growth and net margins, but challenges in ROE and ROA.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 7:00 pm