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DOGEUSD

SHIBUSD

Shiba Inu announced an upgrade for Shibarium set to launch on May 2, aiming to enhance user experience and network capabilities. Dogecoin saw significant whale movements with over 228 million DOGE moved to Coinbase, hinting at potential developments. Institutional adoption of meme coins like Shiba Inu is growing, with Symbolic Capital Partners including SHIB in their portfolio. Analysts remain optimistic about DOGE and SHIB's future prospects despite their mixed monthly performance.

Portfolio Pulse from Khyathi Dalal

April 26, 2024 | 1:48 pm

SKX

Skechers USA Inc (NYSE:SKX) shares surged after reporting better-than-expected Q1 FY24 earnings, with a 12.5% sales growth to $2.251 billion, surpassing estimates. The growth was driven by increases in both international and domestic sales, with significant marketing campaigns and an expanded product roster. Gross profit and operating income saw substantial rises, and the company has raised its FY24 sales and EPS outlook. Skechers also repurchased 1.0 million shares and ended the quarter with $946.4 million in cash.

Portfolio Pulse from Shivani Kumaresan

April 26, 2024 | 1:45 pm

FCUV

Focus Universal Inc. (NASDAQ:FCUV) announced the Board's approval for the spin-off of Lusher Inc., aiming for an IPO and potential Nasdaq listing. Lusher Inc. will focus on AI-Driven Automation Software for SEC financial reporting, aiming to reduce preparation time significantly. Focus Universal plans to distribute Lusher Inc.'s stock to its shareholders as a tax-free dividend. The SEC Financial Reporting Software Market is expected to grow significantly, indicating a promising future for Lusher Inc.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:36 pm

TVGN

Tevogen Bio Holdings Inc. (NASDAQ:TVGN) announced the elimination of $94.9M in liabilities through the conversion of promissory notes into common stock, now part of its 165 million outstanding shares. The company's CEO highlighted this financial improvement and introduced the Tevogen.ai initiative, aimed at leveraging AI in drug discovery, development, and distribution. Leadership appointments include Mittul Mehta as CIO and Head of Tevogen.ai, and Tapan V. Shah as Head of Investor Relations and Corporate Development. Tevogen Bio focuses on developing T cell therapeutics in virology, oncology, and neurology.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:30 pm

ARVLF

FDX

UPS

ZEVY

UPS and FedEx face challenges in transitioning to electric delivery vehicles due to U.S. supply uncertainties, including battery shortages and financial issues among electric van startups. This shift is part of their effort to align with environmental goals and U.S. President Joe Biden's climate objectives. Concerns about the sustainability of electric van suppliers and the loss of California incentives, which previously helped offset the high costs of EVs, complicate their efforts. UPS remains committed to incorporating EVs and eco-friendly vehicles, while FedEx explores lower-emission trucks. Manufacturers like Arrival SA and Lightning Emotors Inc face financial difficulties, impacting their ability to supply vehicles.

Portfolio Pulse from Shivani Kumaresan

April 26, 2024 | 1:23 pm

AAPL

AMD

BABA

INTC

NVDA

Huawei Technologies Co. has launched its new Pura 70 series smartphones featuring the made-in-China Kirin 9010 processor, amidst U.S. sanctions targeting chip exports by Nvidia and Intel to China. The Pura 70 series' quick sell-out and the advanced capabilities of the Kirin 9010 chip signify Huawei's strong market presence and potential challenge to Apple Inc.'s iPhone in China. U.S. sanctions have prompted companies like Intel and Nvidia to adjust their strategies, with Intel obtaining a license to supply Huawei, while AMD criticizes the move as unfair. Despite these challenges, Chinese companies like Huawei and Alibaba continue to innovate and compete globally.

Portfolio Pulse from Rounak Jain

April 26, 2024 | 1:20 pm

WRAP

Wrap Technologies, Inc. (NASDAQ:WRAP) has entered into a strategic distribution partnership with Kokusai Security Service to distribute its public safety technologies, including the BolaWrap remote restraint device, Wrap Reality VR Training system, and Intrensic Body Worn Cameras and Cloud Services Solutions in the Asia-Pacific region. This partnership aims to expand the reach of Wrap Technologies' products and enhance public safety by leveraging Kokusai Security's network and expertise.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:17 pm

HWH

HWH International has formed a joint venture, HapiTravel Holding Pte. Ltd., to expand its travel business in Asia. The venture will be owned by HWHPL (19%), Mr. Chan (11%), and Mr. Chen (70%), focusing on strategic alliances to enter new markets and hospitality segments.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:17 pm

GOOG

GOOGL

MSFT

Tech entrepreneur Peter H. Diamandis emphasized the critical role of AI in driving earnings growth for Alphabet Inc. (GOOGL, GOOG) and Microsoft Corporation (MSFT), predicting that by 2030, companies not fully utilizing AI will be out of business. Alphabet and Microsoft have shown significant revenue increases, attributed to their leadership in AI, with Alphabet's Q1 revenue up 15% YoY and Microsoft's Q3 revenue up 17% YoY, both surpassing consensus estimates.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 1:16 pm

GOOG

GOOGL

Wedbush's Dan Ives praised Alphabet Inc (GOOG, GOOGL) for its 'major breakout quarter' after beating revenue and EPS estimates for Q1 2024, declaring its first-ever dividend, and showing positive growth and margin implications. Alphabet's revenue increased 15% year-over-year to $80.539 billion, surpassing estimates, with an EPS of $1.89. The company's focus on AI and cloud, along with the development of Gemini AI, was highlighted. Shares were up 11.80% in premarket trading.

Portfolio Pulse from Rounak Jain

April 26, 2024 | 1:06 pm