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Benzinga's analysis highlights the best and worst performers, with tech stocks like Microsoft showing strong growth potential, especially in AI, and Palantir boosting sales through innovative strategies. Meanwhile, concerns arise over cryptocurrency market stability and potential stock manipulation in Trump Media. Tesla faces accusations of misrepresenting Full Self-Driving capabilities, likening it to Enron.

Portfolio Pulse from Michael Cohen

April 27, 2024 | 6:03 pm

AMC

AMC Entertainment Holdings, Inc. (NYSE:AMC) preannounced Q1 results, expecting to top estimates with $951.4 million in revenue and a net loss of $163.5 million, despite fewer box office releases due to Hollywood strikes. The company anticipates the impact of the strikes to extend into Q2 but remains optimistic about the upcoming film slate. AMC also reported selling 12.8 million shares, raising $41.8 million from its at-the-market offering. The stock fell 3.81% in after-hours trading following the announcement.

Portfolio Pulse from Shanthi Rexaline

April 27, 2024 | 3:39 pm

BYDDY

FSRN

KARS

TSLA

VFS

Tesla, Inc. (TSLA) led a recovery in EV stocks with its earnings call updates, including an accelerated production start for a new model and the Tesla Semi's manufacturing plans. Fisker, Inc. (FSRN) is in talks for a potential sale due to liquidity concerns. BYD Co. Ltd. (BYDDY, BYDDF) announced its first energy pickup truck, the BYD Shark. VinFast Auto Ltd. (VFS) may receive additional investment from its founder. Rivian offered discounts on new R1 models. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) saw a weekly gain.

Portfolio Pulse from Shanthi Rexaline

April 27, 2024 | 12:48 pm

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), encouraged X followers and Tesla drivers to try the supervised Full Self-Driving (FSD) software, highlighting its potential and the company's progress towards autonomy. Tesla has reached one billion miles driven with FSD, with Musk optimistic about solving vehicle autonomy. Tesla also initiated a 30-day free FSD trial in the U.S. and reduced the FSD software price by 33% to $8,000.

Portfolio Pulse from Anan Ashraf

April 27, 2024 | 9:03 am

TSLA

Tesla Inc has begun sending out Cybertruck delivery invites to its long-term shareholders, as announced by company executive Martin Viecha. This initiative, exclusive to shareholders who have met specific criteria regarding their shareholding duration and quantity, aims to expedite the delivery of the Foundation Series Cybertruck. The verification of shareholder statements has caused delays in sending out invites. Tesla plans to deliver 250,000 units of the Cybertruck starting in 2025, with over a million reservations already made. The conversion rate from reservations to orders has been positive, indicating a strong demand for the Cybertruck.

Portfolio Pulse from Anan Ashraf

April 27, 2024 | 2:55 am

TSLA

Tesla Inc (NASDAQ:TSLA) increased the price of its Model 3 Performance in the U.S. by $1,000, setting the new price at $53,990. This adjustment comes shortly after the model's launch and ahead of Tesla's first-quarter results. The Model 3 Performance is eligible for a $7,500 federal EV tax credit, effectively reducing its price for eligible buyers. Tesla had previously reduced prices across other models but left the refreshed Model 3 unchanged. Tesla's stock closed down 1.11% at $168.28 per share on Friday, marking a 32.26% decline year-to-date.

Portfolio Pulse from Anan Ashraf

April 27, 2024 | 2:18 am

AAPL

GOOG

GOOGL

MSFT

Apple Inc. is in discussions with Microsoft-backed OpenAI to potentially integrate OpenAI's technology into the iPhone's next operating system, iOS 18. These talks mark a reopening of discussions between Apple and OpenAI, with the possibility of incorporating AI features into future iPhones. Apple is also in ongoing discussions with Alphabet Inc.'s Google about licensing Google's Gemini AI models for future iPhones. The outcome of these discussions could significantly impact the iPhone's AI capabilities, as Apple seeks to enhance its devices with new AI features.

Portfolio Pulse from Rounak Jain

April 27, 2024 | 2:13 am

TSLA

Dustin Moskovitz, Facebook co-founder, compared Tesla to Enron, accusing it of presenting misleading data about its Full Self-Driving (FSD) capabilities and potentially committing consumer fraud. He highlighted concerns over Tesla's FSD progress and questioned the company's software sales revenue claims. Moskovitz's allegations include misleading vehicle range representations and inaccurate odometer readings, with social media reports supporting these claims. Tesla has not responded to the allegations. The success of FSD is crucial for Tesla's future, especially for its planned robotaxi service.

Portfolio Pulse from Shanthi Rexaline

April 27, 2024 | 2:01 am

AAUKF

BHP

GATO

HYMC

IPX

Anglo American (OTC:AAUKF) rejected a $39-billion takeover bid from BHP Group (NYSE:BHP), citing it as undervalued. Gatos Silver Inc (NYSE:GATO) reported promising mineral findings in Mexico. IperionX ADR (NASDAQ:IPX) installed a new titanium furnace in Virginia, aiming for efficient titanium production. Hycroft Mining Holding Corporation (NASDAQ:HYMC) will join the Solactive Global Silver Miners Total Returns Index, recognizing its significant silver mining operations.

Portfolio Pulse from austin@walkonholdings.com

April 26, 2024 | 8:53 pm

MSFT

Blizzard has canceled BlizzCon 2024, opting for smaller events and participation in trade shows like Gamescom. The decision follows a year of significant changes for Blizzard, including Microsoft's acquisition of the company and leadership shifts. Despite the cancellation, Blizzard plans to bring back BlizzCon in future years. The video game industry is currently facing challenges, highlighted by Microsoft's recent layoffs of 1,900 employees across Activision Blizzard and Xbox.

Portfolio Pulse from Franca Quarneti

April 26, 2024 | 8:41 pm