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DIS

Egan-Jones and ISS recommend Disney shareholders vote 'FOR' Nelson Peltz and Jay Rasulo for the board, citing the need for change due to Disney's lack of a long-term succession plan, a disconnected board, an outdated business model, a desire to maintain the status quo, and mediocre financial performance. Shareholders are urged to vote 'WITHHOLD' on Maria Elena Lagomasino and Michael B.G. Froman before the April 3, 2024, annual meeting.

Portfolio Pulse from Happy Mohamed

March 27, 2024 | 12:08 pm

GOOG

META

During a Capitol Hill hearing, Mark Zuckerberg quickly debunked Tristan Harris's claims about Meta's AI being a potential threat for creating bioweapons, causing laughter among attendees. Harris had argued that Meta's AI guardrails were too lax, potentially allowing misuse for bioweapon information. Zuckerberg countered by showing the same information could be found via Google search. The incident highlights the ongoing debate on AI regulation and tech giants' responsibility in AI safety.

Portfolio Pulse from Rounak Jain

March 27, 2024 | 12:01 pm

C

HOOD

SCHW

As of March 27, 2024, Robinhood Markets, Inc. (HOOD), Citigroup Inc. (C), and The Charles Schwab Corporation (SCHW) are identified as overbought financial stocks, with RSI values indicating potential short-term performance concerns. Robinhood's recent Gold Card launch and app redesign, Citigroup's part in a landmark antitrust settlement with Visa and Mastercard, and Charles Schwab's upgrade by TD Cowen analyst could influence their stock movements.

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 11:43 am

AAPL

Eric Jackson from EMJ Capital suggests buying Apple Inc. (AAPL) stock, citing excessive pessimism among investors despite challenges like declining iPhone sales in China and a DOJ antitrust lawsuit. Apple's stock has fallen 14.27% since its all-time high in December. Jackson believes the upcoming June WWDC event could be a catalyst for the stock. Apple also faces regulatory pressures, including a $1.95 billion fine in a Spotify antitrust case, and has been forced to adopt USB Type-C and RCS due to regulatory decisions.

Portfolio Pulse from Rounak Jain

March 27, 2024 | 11:43 am

LOCL

Local Bounti Corporation announced it has received a patent for its proprietary Stack & Flow technology, which could enhance its competitive edge in the agricultural tech sector.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:23 am

EQIX

Wolf Haldenstein Adler Freeman & Herz is investigating Equinix (EQIX) for potential violations of federal securities laws, focusing on whether the company issued false or misleading statements or failed to disclose important information to investors.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:36 am

AMKBY

The Francis Scott Key Bridge in Baltimore collapsed after a cargo ship operated by Synergy Group and chartered by AP Moller Maersk (OTC:AMKBY) struck it, leading to significant damages and presumed deaths. The bridge is a crucial part of the region's transportation network, affecting over 30,000 vehicles daily. The incident has global trade implications and is expected to result in substantial insurance payouts, potentially comparable to the $1.5 billion from the Costa Concordia crash. President Biden has pledged federal support for the bridge's reconstruction, while legal nuances regarding liability are being discussed.

Portfolio Pulse from Ramakrishnan M

March 27, 2024 | 10:24 am

HYW

Hywin Holdings Ltd. (NASDAQ:HYW) announced a strategic business transformation, shifting focus from traditional wealth management to public market funds, NAV-based products, and insurance brokerage services. The company plans to exit the distribution of asset-backed products, historically tied to real estate, due to adverse market conditions. Hywin aims to diversify income by developing health management services and expanding into consumer industries. The transformation includes a structural reorganization, eliminating around 300 positions, and the resignation of two senior executives effective March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 10:04 am

DJT

Financial commentator Herb Greenberg criticized the valuation of Trump Media & Technology Group Corp (NASDAQ:DJT), suggesting it should be a penny stock if not for Trump's name. He highlighted the company's overhyped status and predicted its stock might fall below its current valuation without significant changes. The company's public debut has been controversial, marked by skepticism and legal challenges.

Portfolio Pulse from Benzinga Neuro

March 27, 2024 | 9:46 am

BTCUSD

FTX is seeking to nullify the value of tokens tied to its founder, Sam Bankman-Fried, in bankruptcy court, arguing they are worthless. The tokens in question include MAPS, OXY, SERUM, and BOBA, with claims exceeding $1.1 billion. The court is considering the valuation of these 'Sam Coins' amid debates on the inherent value of cryptocurrencies. The value of these tokens has significantly dropped, with MAPS, OXY, and SERUM experiencing declines of over 98%. Bankman-Fried faces legal consequences, having been found guilty of fraud.

Portfolio Pulse from Mehab Qureshi

March 27, 2024 | 8:56 am