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HMC

Honda Motor Co Ltd (NYSE:HMC) is investing $11 billion in Ontario, Canada, for an EV value chain, including assembly and battery plants, following a $4.4 billion investment in a U.S. battery plant. This move contrasts with Ford Motor Co's reported losses of $36,000 to $65,000 per EV sold and GM's $1.7 billion loss in its EV business in 2023, while Tesla and Rivian also face challenges in profitability. Ford's CFO promises cost-cutting measures amid declining revenues and changing consumer preferences for cheaper EVs. Honda's project, starting production in 2028 with a 240,000 annual unit capacity, aims for an all-EV and fuel cell vehicle offering by 2040, expecting to create 1,000 jobs with government support.

Portfolio Pulse from Anthony Noto

April 26, 2024 | 3:14 pm

HTZ

Hertz plans to sell an additional 10,000 EVs in 2024 due to significant depreciation losses, totaling 30,000 EV sales. The company faced a $195 million charge to vehicle depreciation, with depreciation costs up $339 per vehicle, $119 of which is attributed to EVs. Despite a 2% revenue increase to $2.1 billion in Q1, Hertz reported $567 million in quarterly losses, largely due to depreciation costs. The sale includes models from Chevrolet, Kia, Mercedes, and Tesla at competitive prices.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 2:53 pm

AMD

NVDA

SSNLF

AMD has partnered with Samsung Electronics to enhance its MI350 data center chip with advanced HBM3E memory technology in a deal worth approximately $3 billion. This partnership aims to boost the chip's capabilities, particularly in bandwidth, to compete more effectively with Nvidia's offerings. Samsung will supply 12-layer HBM3E DRAM for the MI350, with mass production expected in the first half of the year. Additionally, Samsung will purchase AMD GPUs, with supplies starting in the second half of the year. This move is seen as a strategic effort by AMD to improve its market position against Nvidia, especially in terms of chip bandwidth.

Portfolio Pulse from Anusuya Lahiri

April 26, 2024 | 2:43 pm

NVDA

NVIDIA shares are trading higher, potentially due to strong earnings reported by Microsoft and an increase in capital expenditure outlook by Meta, suggesting a positive market sentiment towards tech stocks.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 2:42 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 26th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on proprietary analysis. It includes specific price levels for potential breakouts or reversals, with a focus on price, volume, and options flow. The memo also highlights the importance of the day's economic data releases and the impact of recent earnings reports from Microsoft and Alphabet on market volatility.

Portfolio Pulse from RIPS

April 26, 2024 | 2:25 pm

META

TSLA

Meta Platforms Inc (NASDAQ:META) reported a Q1 2024 earnings and revenue beat but issued disappointing Q2 guidance, causing an 11% stock drop in extended trading. Despite outperforming expectations with earnings per share of $4.71 and revenue of $36.46 billion, its Q2 revenue forecast of $36.5 billion to $39 billion fell short of analyst estimates. Discussions on Reddit compared Meta's valuation favorably to Tesla Inc (NASDAQ:TSLA) and other tech giants, highlighting Meta's significant investments in AI and its potential impact on valuation.

Portfolio Pulse from Surbhi Jain

April 26, 2024 | 2:22 pm

BODENUSD

NEARUSD

Crypto analyst Crypto Dog predicts a bullish run for memecoin Jeo Boden (BODEN) and NEAR Protocol (NEAR), citing a breakout for BODEN and bullish signs for NEAR based on AI narratives. BODEN has seen a twenty-fold increase since March, and NEAR is expected to lead in the coming weeks. BODEN recently hit a new all-time high with a market cap over $700 million, while NEAR outperforms Bitcoin and Solana.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 2:18 pm

GOOG

META

MSFT

NVDA

Ross Gerber, a Tesla bull, highlighted the tech sector's significant AI infrastructure spending, benefiting companies like Nvidia and Meta. Microsoft and Alphabet's Google have exceeded earnings expectations, driven by AI and cloud computing. Gerber's tweet underscores the potential for companies involved in AI infrastructure to gain from this trend.

Portfolio Pulse from Rounak Jain

April 26, 2024 | 2:06 pm

DAL

Delta Air Lines has resumed its service to Nigeria from New York-JFK and has upgraded its fleet for services to Ghana and South Africa. This expansion and upgrade signify Delta's commitment to enhancing its international route network and customer service experience.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 2:04 pm

ZIM

ZIM Integrated Shipping (NYSE:ZIM) has seen a significant uptick in options trading, with a bullish sentiment from big-money investors. Benzinga's options scanner revealed 11 trades, predominantly bullish, targeting a price window of $10.0 to $17.5. The most notable options include calls with strike prices ranging from $10.00 to $15.00 and a put at $13.00. ZIM's stock has risen 15.32%, with a current price of $13.13, and its next earnings report is due in 24 days. The company is an asset-light container liner shipping company, primarily active in the Pacific trade region.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 2:02 pm