Streetbeat News

Partnerships

TSLA

Cathie Wood, CEO of ARK Invest, praised Elon Musk's impact on technology and humanity at a conference in Kiawah, S.C. She remains optimistic about Tesla (TSLA) and its role in the autonomous vehicle sector, despite skepticism and weaker-than-expected orders. Wood views Tesla as a leader in robotics, energy storage, and AI, contrasting with traditional auto giants' retreat from EVs. She also highlighted the importance of X (formerly Twitter) for sharing ARK Invest's research. Despite ARK Invest's volatility, Wood continues to advocate for investments in disruptive technologies, comparing early criticisms of crypto to those once against the internet.

Portfolio Pulse from Bibhu Pattnaik

April 06, 2024 | 8:38 pm

Donald Trump is leveraging a high-profile fundraising event to unite the Republican megadonor community for his 2024 reelection campaign. Despite raising an expected $43 million, Trump lacks financial support from key donors like Miriam Adelson, who, along with her late husband Sheldon, contributed $90 million to Trump's 2020 campaign. Other notable absentees include Blackstone Inc.'s CEO Stephen Schwarzman and Elliott Management's Paul Singer. Trump's legal expenses are consuming a significant portion of donations, adding pressure to secure more funds. Miriam Adelson's eventual contribution is anticipated, reflecting the complex dynamics between Trump and his major donors.

Portfolio Pulse from Nabaparna Bhattacharya

April 06, 2024 | 3:46 pm

DOGEUSD

Dogecoin (DOGE) experienced a significant price surge, crossing the $0.18 mark, following the transfer of 200 million DOGE from Robinhood to an unknown wallet. This movement, valued at approximately $35.45 million, was executed in two transactions and has contributed to a bullish sentiment among investors. The crypto community is closely watching Dogecoin, especially with the upcoming Bitcoin halving event, anticipating potential price rallies. Additionally, Elon Musk's X Payments LLC's expansion has also been linked to increased interest in Dogecoin.

Portfolio Pulse from Bibhu Pattnaik

April 06, 2024 | 2:03 pm

TGS

Transportadora De Gas Del Sur (TGS) shares are experiencing an uptick due to overall strength in the energy sector. The company has also announced a new agreement with ENARGAS for a temporary adjustment in natural gas transportation tariffs, which includes a monthly adjustment formula starting in May.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:56 pm

AXS

RON

Frank Cheng, founder of Foonie Magus, discussed Apeiron's transition from Web2 to Web3, the launch of its ecosystem token APRS, and its appeal to competitive gamers. Apeiron, a Web3 god game, aims to redefine digital gaming with blockchain technology. Cheng highlighted the game's unique battle system, the strategic choice of Ronin (RON) as its blockchain platform, and the potential of the APRS token to create a vibrant economy within the game. The anticipated God Mode is expected to expand gameplay and narrative dimensions, with a launch timeframe in Q3 and Q4.

Portfolio Pulse from Jose Rodrigo Safdiye

April 05, 2024 | 7:34 pm

AIR

AAR CORP. (NYSE:AIR) has initiated the expansion of its MRO facility in Oklahoma City, with the new facility expected to be operational by early 2026. This expansion, supported by a grant and rent concessions, aims to accommodate all 737 variants and is in line with a recently expanded maintenance commitment from Alaska Airlines. The project, which will create 200 additional full-time jobs, underscores AAR's growth and its collaboration with local and state entities, including the Oklahoma City Airport Trust.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:14 pm

AAPD

AAPL

AAPU

GGLL

GGLS

GOOL

MSFT

Google (NASDAQ:GOOL) is in talks with Apple (NASDAQ:AAPL) to integrate its Gemini AI into iPhones, potentially boosting both companies' standings in the AI race. This comes as both have struggled against Microsoft (NASDAQ:MSFT), which has surged ahead with its partnership with OpenAI. Google's stock rose 8% following the news, while Apple saw a modest 0.5% increase. Direxion offers leveraged and inverse ETFs for both Google and Apple stocks for investors looking to capitalize on these movements.

Portfolio Pulse from Johnny Rice

April 05, 2024 | 7:09 pm

FQVLF

GOLD

Zambia aims to increase its copper production to 1 million tons by 2026, leveraging the revival of Konkola Copper Mines and investments in existing mines like First Quantum Minerals' Kansanshi and Barrick's Lumwana. The emergence of KoBold Metals' AI-powered Mingomba project, potentially one of the world's largest mines, further boosts this goal. Despite facing debt restructuring challenges, Zambia remains optimistic about reaching its copper production targets.

Portfolio Pulse from Stjepan Kalinic

April 05, 2024 | 6:28 pm

BDSX

GCTS

HUBC

MDIA

STIX

ZGN

U.S. stocks saw significant gains with the S&P 500 rising over 1%. GCT Semiconductor shares surged 52% after signing an MOU with Aramco for 4G and 5G development in Saudi Arabia. MediaCo Holding shares skyrocketed 190% due to a major stake acquisition by Standard General. HUB Cyber Security also gained 35% after announcing $8 million in financing. Conversely, Semantix, Ermenegildo Zegna, and Biodesix saw notable declines in their stock prices.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 6:20 pm

GTLB

GitLab Inc. (NASDAQ:GTLB) showcased strong performance for FY '24 in a conference call, highlighting growth in customer base, record bookings, and a focus on AI investments. The company's AI capabilities, including the Duo Pro AI-assisted add-on, have been well-received, with significant partnerships contributing to growth. Despite the positive outlook, GitLab remains cautious about revenue projections from new products.

Portfolio Pulse from Tornado

April 05, 2024 | 6:20 pm