Streetbeat News

Products Services

AGBA

AKLI

CHGG

GMM

MED

VNCE

The Nasdaq Composite fell over 100 points amid lower U.S. stock trading, with Coca-Cola Company reporting better-than-expected Q1 results. Health care shares slightly rose, while energy shares dropped significantly. Akili, AGBA Group Holding, and Global Mofy Metaverse saw their stocks surge on positive developments, whereas Chegg, Vince Holding, and Medifast experienced significant declines following their financial results.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 4:34 pm

MARA

During Benzinga's 'Crypto Revolution' Virtual Conference, Marathon Digital CEO Fred Thiel commented on the inflationary nature of gold compared to Bitcoin, highlighting Bitcoin's limited supply as a key advantage.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:28 pm

MRIN

Marin Software Incorporated (NASDAQ:MRIN) shares surged after announcing the launch of its AI-powered Anomaly Detector, designed to enhance performance marketing campaigns across various ad platforms. The tool, leveraging OpenAI technology, aims to provide real-time insights for performance marketers. MRIN's stock is trading above its 50-day moving average, with a significant short interest. The company does not pay dividends but engages in other value-return activities to shareholders.

Portfolio Pulse from Erica Kollmann

April 30, 2024 | 4:26 pm

MARA

During Benzinga's 'Crypto Revolution' Virtual Conference, Marathon Digital CEO Fred Thiel commented on the early phase of Bitcoin ETFs, noting that retail investors are actively investing in them, while institutional investors are still cautiously exploring the space.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:22 pm

GMM

Global Mofy Metaverse Limited (NASDAQ:GMM) shares surged after announcing a partnership between its subsidiary, Gauss AI, and Heartdub to develop Gausspeed, an AIGC platform for digital entertainment. Leveraging Nvidia technology, this collaboration aims to transform film production and content creation. The stock's significant trading volume increase and current overbought status (RSI of 75.3) highlight investor interest and market reaction to this news.

Portfolio Pulse from Erica Kollmann

April 30, 2024 | 4:19 pm

AUUD

Auddia Inc. (NASDAQ:AUUD) announced the launch of a product expansion utilizing cloud-based AI and NLP for audio processing, aiming to enhance the listening experience by filtering and mixing content types. The company also closed a $2.3 million private placement to repay existing debt. Auddia's stock experienced early gains but pared back, trading down 2.42% at $1.61.

Portfolio Pulse from Erica Kollmann

April 30, 2024 | 4:19 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares dropped 4.84% to $184.65, following a 15% rally on Monday after announcing progress in its full self-driving technology in China and a partnership with Baidu. Despite missing Q1 estimates, Tesla's future growth prospects, including new models and AI-driven technologies, remain a focus. Analysts highlight the significance of Tesla's advancements in China and its potential impact on the company's valuation and investor sentiment.

Portfolio Pulse from Adam Eckert

April 30, 2024 | 4:17 pm

AAPL

GOOG

VGT

XLK

Apple Inc has established a secretive AI lab in Zurich, recruiting AI experts from Google, aiming to enhance iPhone capabilities. The lab focuses on advanced AI models crucial for new product development. Apple plans to introduce new AI features at its Worldwide Developers Conference, potentially boosting its stock. Analysts expect a slight revenue increase for the March quarter but a guide-down for June, with a focus on revenue from China and growth in Services revenue. Apple's stock has seen over 2% growth in the last 12 months, with exposure available through VGT and XLK ETFs.

Portfolio Pulse from Anusuya Lahiri

April 30, 2024 | 4:07 pm

ETHUSD

LINKUSD

SOLUSD

TONUSD

Prominent cryptocurrency trader Miles Deutscher shared his top 10 altcoins, emphasizing Ethereum's leadership in the DeFi sector and potential institutional interest. He highlighted the importance of diversification and risk management in crypto investments, mentioning a defensive position amid market fluctuations.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 4:07 pm

STLA

TSLA

VWAGY

WKSP

Stellantis N.V. (NYSE:STLA) and Volkswagen AG (OTC:VWAGY) reported disappointing Q1 financials with lower sales and higher costs, following Tesla Inc's (NASDAQ:TSLA) revenue drop. Despite this, both companies maintain their full-year targets. Stellantis plans to launch 25 new models, including 18 EVs, while Volkswagen aims for a revenue rise of 5% and an operating margin of 7-7.5% by 2024. Worksport Ltd (NASDAQ:WKSP) is introducing a solar-powered truck bed cover, indicating innovation in the EV market.

Portfolio Pulse from Upwallstreet

April 30, 2024 | 3:45 pm