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GME

GameStop Corp has implemented cost reduction measures to enhance operational efficiency, including headcount reduction. In fiscal 2023, GameStop exited operations in Ireland, Switzerland, and Austria, leading to a significant decline in SG&A expenses compared to the previous year, mainly due to a $316.3M reduction in labor-related costs and marketing expenses.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:23 pm

TSLA

Mexican sculptor Chavis Marmol recently demonstrated his critique of Tesla and its CEO Elon Musk by dropping a nine-ton stone inspired by the Olmec civilization onto a Tesla Model 3. The event, aimed to 'troll Elon Musk,' took place in Mexico City and was supported by an anonymous donor and the artistic director of boutique hotel Colima 71. This act of protest comes as Tesla prepares to start construction on a new gigafactory in Mexico, highlighting cultural and societal critiques.

Portfolio Pulse from Chris Katje

March 26, 2024 | 8:17 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a significant increase in daily transactions, whale activities, and total value locked, indicating a resurgence in interest and activity. The token's transactions surged to 412,270, a 516% increase, and whale transaction volume rose by 220.6% to $141.7 million. Additionally, Shiba Inu's total value locked reached a new all-time high of $3.77 million. This positive momentum is supported by its listing on Bitcoin.com.au and its popularity in Europe. The meme coin sector is entering a super cycle phase, highlighting the importance of strategic cryptocurrency exchange choices.

Portfolio Pulse from Khyathi Dalal

March 26, 2024 | 7:32 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) anticipates significant growth in the German cannabis market following its partial legalization, projecting an increase from under $500 million to over $2.5 billion in the next two years. CEO David Klein highlighted the potential for revenue growth, particularly through the medical channel. The company aims to expand its position as a top-three cannabis brand in Germany, capitalizing on the new legislation to boost profitability.

Portfolio Pulse from Erica Kollmann

March 26, 2024 | 7:30 pm

TCEHY

Tencent Holdings ADR (OTC:TCEHY) is leveraging the success of Palworld by developing mobile games with similar open-world and pet companionship elements through its studios, Timi and Lightspeed. This move aims to rejuvenate Tencent's core business amidst a 2% dip in gaming revenue and increased competition. The strategy includes shifting resources, hiring new talent, and focusing on rapid development and monetization to capture a global gaming audience.

Portfolio Pulse from Franca Quarneti

March 26, 2024 | 6:26 pm

BYDDY

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LI

NIO

TSLA

VWAGY

XPEV

BYD Company Limited (OTC:BYDDY) reported its slowest quarterly profit growth in two years for Q4 2023, despite overtaking Tesla Inc (NASDAQ:TSLA) as the top EV maker in the last quarter. BYD's revenue rose 15.1% to 180.04 billion yuan, with a net income of 8.67 billion yuan. The full year saw an 80.7% increase in net profit to 30.04 billion yuan. BYD is expanding globally and into the premium market, while Tesla continues to adjust its pricing strategy and faces criticism over its electric pickups.

Portfolio Pulse from Upwallstreet

March 26, 2024 | 5:22 pm

AAPL

Apple announced that its Worldwide Developers Conference (WWDC) will return on June 10, 2024. This event is highly anticipated by developers and industry watchers for potential new product announcements and software updates.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 5:02 pm

RUM

Rumble CEO Chris Pavlovski appeared on Fox Business's Cavuto's Coast to Coast to discuss the company's offer to buy TikTok. This move indicates Rumble's strategic interest in expanding its social media footprint by potentially acquiring a major player in the industry.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:34 pm

AMZN

CMCSA

NBCUniversal's Peacock, owned by Comcast (CMCSA), will exclusively air the NFL's opening week Friday game in Brazil. Additionally, the NFL announced that Amazon's Prime Video (AMZN) will have exclusive rights to a playoff game. The NFL also plans to schedule at least one game on Christmas for the upcoming season.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:26 pm

CGC

Canopy Growth Corp (NASDAQ:CGC) shares surged, adding to a 100% gain over the last week, following Germany's legalization of adult-use cannabis. The law, effective April 1, allows possession and home cultivation of cannabis. Canopy Growth sees this as a significant opportunity to expand in Germany through its vaporizer brand Storz & Bickel and medical cannabis products. The company's stock is trending on social platforms, with trading volume significantly exceeding its average.

Portfolio Pulse from Adam Eckert

March 26, 2024 | 4:24 pm