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BRK

XRT

Warren Buffett, through a letter, advised consumers on saving money by using services from Berkshire Hathaway's subsidiaries, GEICO for auto insurance and Borsheims for luxury jewelry, highlighting their cost advantages. This advice is particularly relevant in the current inflationary environment where consumers are facing financial pressures. The SPDR S&P Retail ETF (XRT) saw a rise, indicating a potential impact on consumer spending and retail stocks.

Portfolio Pulse from Shanthi Rexaline

May 04, 2024 | 3:52 pm

DIS

META

May 4, known as 'Star Wars Day,' is celebrated by fans worldwide, with The Walt Disney Company (NYSE:DIS) releasing new content and products. Disney acquired the Star Wars franchise in 2012 and continues to expand its universe with new shows on Disney+ and theatrical releases. This year, Disney is releasing six new episodes of 'Tales of the Empire' on Disney+ and re-releasing 'Star Wars: Episode I – The Phantom Menace' in theaters. Upcoming content includes 'The Acolyte,' 'Skeleton Crew,' a second season of 'Andor,' and 'Ahsoka.' The next theatrical release, 'The Mandalorian & Grogu,' is set for May 22, 2026. Additionally, Meta Platforms (NASDAQ:META) celebrates the day with a 66% discount on 'Star Wars Pinball VR' for the Meta Quest headset.

Portfolio Pulse from Chris Katje

May 04, 2024 | 1:21 pm

AAPL

AMC

BTC

SBUX

TSLA

Benzinga's analysis highlights market optimism following Federal Reserve Chair Jerome Powell's hint at pausing interest rate hikes, contributing to gains in major indices. Bullish views include Tesla's potential rise due to short sellers and Apple's positive outlook post-Q2 earnings. Bearish perspectives focus on AMC's debt concerns, Bitcoin's need for privacy enhancements, and Starbucks' sales challenges. Notably, Shiba Inu is predicted to experience a bullish breakout, contrasting with the cautious stance on AMC and the urgent privacy call for Bitcoin.

Portfolio Pulse from Michael Cohen

May 04, 2024 | 12:53 pm

BRK

Warren Buffett's annual shopping event for Berkshire Hathaway Inc. shareholders has begun, featuring products from its companies like Brooks Running, See's Candies, and Jazwares. The event, held at the CHI Health Center, showcases over 50,000 items including Squishmallows of Buffett and Munger, and a special edition of 'Poor Charlie's Almanack.'

Portfolio Pulse from Anan Ashraf

May 04, 2024 | 11:01 am

AAPL

Wedbush's Dan Ives anticipates Apple Inc.'s AI strategy reveal at the WWDC in June will initiate an AI-driven super cycle, particularly with the iPhone 16, expected to boost upgrades especially in China where 70% of 230 million iPhones haven't been upgraded in three years. Apple's recent performance in China exceeded expectations, with iPhone sales declining only 8.1% against forecasts of up to 19.1%. Talks with Google and Microsoft-backed OpenAI for AI model licensing, alongside its own 'Project Graymatter', are underway. Tim Cook's China visit signifies Apple's commitment to the market.

Portfolio Pulse from Rounak Jain

May 04, 2024 | 6:23 am

TSLA

Elon Musk praised the new Tesla Model 3 Performance, comparing its capabilities favorably against Ferrari's 12Cilindri GT. The Model 3 Performance, which starts at $53,990, boasts a top speed of 163 mph and can accelerate from 0-60 mph in 2.9 seconds. This comes as Tesla introduced the updated Model 3 in the U.S., with the Performance variant recently launched after being initially absent. The Ferrari 12Cilindri, starting at approximately $425,553, was unveiled in Miami Beach, highlighting its 818 hp and a top speed of over 211 mph.

Portfolio Pulse from Anan Ashraf

May 04, 2024 | 6:05 am

TSLA

Tesla Inc has introduced a new Model Y Long Range RWD variant in the U.S. with a 320-mile range, priced at $44,990. Elon Musk announced that older Model Y RWD versions could gain 40 to 60 miles of range for an additional $1500 to $2000, pending regulatory approval. This launch follows a recent Model 3 Performance variant release and comes after Tesla reported an 8.5% decline in Q1 deliveries, the first drop in about four years.

Portfolio Pulse from Anan Ashraf

May 04, 2024 | 5:17 am

TSLA

Elon Musk praised a Tesla Cybertruck wrap inspired by the World War 2 P-51 Mustang Bomber, designed by Unplugged Performance for entrepreneur Alejandro Salomon. The custom wrap, featuring hand-drawn details and complemented with 20-inch UP-03 Beadlock wheels and BFG KO3 tires, was highlighted near Tesla's design center. Tesla offers its own wraps through its online shop, with prices ranging from $5000 to $6500, while third-party customizers provide more personalized options.

Portfolio Pulse from Anan Ashraf

May 04, 2024 | 2:52 am

ZK

Zeekr Intelligent Technology Holding Ltd is planning a U.S. IPO with a price range of $18-$21 per ADS, offering 17.5M ADSs. Existing shareholders and third-party investors have indicated interest in subscribing up to $349.1M of the ADSs. The company intends to use approximately $138.9M of the IPO proceeds for the development of advanced BEV technologies and expansion of its product portfolio, as well as for selling, marketing, and expanding its service and charging network, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:50 pm

UUUU

Energy Fuels (UUUU) reports strong Q1-2024 performance, driven by robust uranium sales and gross margins. The company is capitalizing on high uranium prices, with significant sales and profits from uranium operations. It's also advancing in the rare earth elements (REE) sector, with the completion of a Phase 1 REE Separation circuit and plans for expanded production. Energy Fuels is securing sources of heavy mineral sands and monazite to support its REE production, including acquisitions and project developments in Brazil, Madagascar, and Australia. The U.S. Senate's approval of the Prohibiting Russian Uranium Imports Act is expected to benefit the company by reducing competition from Russian uranium imports.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:51 pm