Streetbeat News

Earnings

BYDDY

META

PLTR

ROKU

Cathie Wood's Ark Invest made significant trades, notably purchasing shares of Palantir Technologies ahead of its Q1 earnings, and buying Meta Platforms and Roku shares following their earnings announcements. Ark also invested in BYD Co. Ltd., a Buffett-backed EV company. Palantir is expected to report increased earnings and revenue. Meta's stock dropped due to soft revenue guidance, while Roku's shares fell despite a quarterly beat. Ark's buying spree included stocks that experienced recent sell-offs.

Portfolio Pulse from Shanthi Rexaline

April 27, 2024 | 7:46 pm

DJT

MSFT

PLTR

TSLA

Benzinga's analysis highlights the best and worst performers, with tech stocks like Microsoft showing strong growth potential, especially in AI, and Palantir boosting sales through innovative strategies. Meanwhile, concerns arise over cryptocurrency market stability and potential stock manipulation in Trump Media. Tesla faces accusations of misrepresenting Full Self-Driving capabilities, likening it to Enron.

Portfolio Pulse from Michael Cohen

April 27, 2024 | 6:03 pm

AMC

AMC Entertainment Holdings, Inc. (NYSE:AMC) preannounced Q1 results, expecting to top estimates with $951.4 million in revenue and a net loss of $163.5 million, despite fewer box office releases due to Hollywood strikes. The company anticipates the impact of the strikes to extend into Q2 but remains optimistic about the upcoming film slate. AMC also reported selling 12.8 million shares, raising $41.8 million from its at-the-market offering. The stock fell 3.81% in after-hours trading following the announcement.

Portfolio Pulse from Shanthi Rexaline

April 27, 2024 | 3:39 pm

TSLA

Facebook co-founder Dustin Moskovitz has accused Elon Musk's Tesla of engaging in fraudulent practices, comparing it to the infamous Enron scandal. Moskovitz voiced his concerns on Threads, while Musk responded with ridicule on X. The article also recaps the Enron scandal, highlighting its rise and fall due to corporate fraud. Tesla's stock closed 1.11% lower at $168.28 per share on Friday, with a 32.26% decrease year-to-date. Tesla's first-quarter revenue fell to $21.3 billion from $23.33 billion a year earlier.

Portfolio Pulse from Navdeep Yadav

April 27, 2024 | 1:19 pm

BYDDY

FSRN

KARS

TSLA

VFS

Tesla, Inc. (TSLA) led a recovery in EV stocks with its earnings call updates, including an accelerated production start for a new model and the Tesla Semi's manufacturing plans. Fisker, Inc. (FSRN) is in talks for a potential sale due to liquidity concerns. BYD Co. Ltd. (BYDDY, BYDDF) announced its first energy pickup truck, the BYD Shark. VinFast Auto Ltd. (VFS) may receive additional investment from its founder. Rivian offered discounts on new R1 models. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) saw a weekly gain.

Portfolio Pulse from Shanthi Rexaline

April 27, 2024 | 12:48 pm

WMT

Walmart Inc's CEO, Doug McMillon, received a compensation of $26.97 million last fiscal year, 976 times the median associate's salary of $27,642. Walmart, employing about 2.15 million associates globally, reported consolidated revenue of $648.1 billion and operating income of $27 billion. The CEO's pay, which includes a base salary, stock awards, and other compensation, was 6.6% higher than the previous year. This highlights the ongoing debate on pay disparity between CEOs and their employees, especially in comparison to other retail giants.

Portfolio Pulse from Anan Ashraf

April 27, 2024 | 8:38 am

DJT

Trump Media & Technology Group's stock (NASDAQ:DJT) experienced extreme volatility in its first month, with significant price fluctuations and operational challenges. The stock's instability is attributed to retail investor sentiment and alleged 'naked' short-selling. Despite launching a live TV streaming platform, the stock faced a downturn after revealing operational losses and plans for the resale of securities. Concerns were also raised about the company's financial oversight.

Portfolio Pulse from Rounak Jain

April 27, 2024 | 8:03 am

TSLA

Tesla Inc. (NASDAQ:TSLA) plans to lay off 693 employees in Nevada as part of a global workforce reduction of 10%, totaling about 14,000 jobs, due to falling EV sales and margins. The layoffs, announced on April 15, are part of a broader effort to streamline the company for future growth, according to CEO Elon Musk. This move comes amid disappointing financial results for Tesla, with a 55% drop in net profit and the first quarterly revenue decline since 2020. Despite these challenges, Musk has promised a faster rollout of cheaper EV models.

Portfolio Pulse from Anan Ashraf

April 27, 2024 | 4:01 am

AAPL

AMZN

LLY

Jim Cramer, host of CNBC's 'Mad Money,' discussed the upcoming week's key events for investors, including earnings reports from Apple Inc. (AAPL), Amazon.com Inc. (AMZN), and Eli Lilly and Co. (LLY). He emphasized the significance of the Federal Reserve meeting and the Department of Labor's employment figures. Cramer expressed concerns about the economy's strength and highlighted Apple's collaboration with Nvidia as a potential boost for Apple's stock. He also criticized the media's focus on Apple's challenges over the successes of Google and Microsoft.

Portfolio Pulse from Ananya Gairola

April 27, 2024 | 2:33 am

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), has responded to accusations of consumer fraud made by Facebook co-founder Dustin Moskovitz. Moskovitz accused Tesla of fraudulent practices similar to Enron, including lying about Full Self-Driving capabilities, range, and possibly inflating odometers. He also criticized Tesla's financial practices, particularly in recognizing deferred revenue. Musk dismissed Moskovitz's allegations on X, mocking him. This controversy comes as Tesla faces a 9% revenue decrease year-over-year in Q1 2024.

Portfolio Pulse from Ananya Gairola

April 27, 2024 | 1:45 am