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IMAX

IMAX Corporation (NYSE:IMAX) and CineNOVA have announced a partnership to install four new IMAX with Laser systems in Turkey, marking the first introduction of this technology in the country. The installations are set to begin in 2024, with the aim to enhance the Turkish cinema experience and expand IMAX's footprint in a market where it has seen significant box office success. This deal represents a 50% increase in IMAX's presence in Turkey, highlighting the country's growing importance in IMAX's global strategy.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 4:01 pm

AMST

ATXI

BOF

EDU

EVO

RBBN

U.S. stocks showed mixed performance with the Dow Jones falling over 100 points, while the NASDAQ rose slightly. Consumer discretionary shares led gains, while industrials fell. Ribbon Communications, BranchOut Food, and Amesite saw significant stock price increases following positive news, whereas Evotec, Avenue Therapeutics, and New Oriental Education & Technology experienced declines. Crude oil inventories dropped more than expected, impacting commodity markets.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 4:00 pm

BYD

TSLA

Tesla Inc (NASDAQ:TSLA) reported a significant sales decline and a halved profit but announced plans to accelerate affordable EV production, causing shares to surge almost 10% after-hours. Despite facing stiff competition from BYD Company Limited (OTC:BYD), known as the 'Tesla killer', Tesla is focusing on affordable EVs and AI investments, including a robotaxi reveal planned for August 8. The company's financials for the quarter ended March 31 showed a 9% revenue decline and a 55% net income drop, underperforming LSEG estimates.

Portfolio Pulse from Upwallstreet

April 24, 2024 | 3:49 pm

AIRE

reAlpha Tech Corp. (NASDAQ:AIRE) announced the launch of Claire, the first AI-powered, zero-commission Smart Buyer's Agent in real estate, following the NAR's decision to eliminate standard sales commissions. Claire offers a cost-free, AI-driven home buying process, available in select Florida counties, supported by reAlpha Realty's licensed agents. This innovation aims to revolutionize the home buying experience by making it more efficient and accessible.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:37 pm

MGA

NVDA

SERV

UBER

Serve Robotics Inc is expanding its partnership with Magna International Inc to become the exclusive contract manufacturer of Serve's delivery robots, aiming to deploy up to 2,000 robots on the Uber Eats platform across multiple U.S. markets. This move follows Serve's successful public offering and is supported by Uber Technologies Inc and NVIDIA Corp. Serve's shares dropped 3.47% to $3.06.

Portfolio Pulse from Shivani Kumaresan

April 24, 2024 | 3:34 pm

AMD

NVDA

TSLA

VRT

Elon Musk's comments on the future of cars and AI have positively influenced the stock market, despite Tesla's worse-than-expected Q1 earnings. Musk's vision for Tesla includes developing low-priced cars, deploying a fleet of 1M robotaxis, and significantly increasing AI training capacity. This has also boosted sentiment for AI-related stocks like NVIDIA, AMD, and others. Additionally, Boeing and Vertiv Holdings reported well-received earnings, and there's strong data on durable orders. Early trade shows positive money flows in several major stocks and ETFs.

Portfolio Pulse from The Arora Report

April 24, 2024 | 3:27 pm

CMCSA

RCI

Rogers Communications has entered into a 10-year agreement with Comcast to bring Xfinity products and technology to Canada, aiming to simplify the entertainment experience with a new device powered by Entertainment OS. This partnership will introduce advanced broadband, smart home, and connectivity products to Rogers customers, reflecting the companies' commitment to providing top-tier entertainment and services. The collaboration responds to Canadian consumers' demand for streamlined access to streaming services and reliable connectivity, as evidenced by Rogers' research on streaming app usage and broadband data growth.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:17 pm

SPR

Boeing's CEO announced during a conference call that the production rate of the 787 model will slow down due to the insufficient supply of heat exchangers and seats. This supply chain issue is affecting the company's ability to maintain its production schedule.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 3:15 pm

BTCUSD

Cryptocurrency analyst Lark Davis predicts a significant Bitcoin bull run, citing the Bitcoin Halving, growing institutional demand through ETFs, and the upcoming launch of spot Bitcoin ETFs in Hong Kong, Japan, Singapore, and South Korea. BTC was trading at $66,082.5, with a weekly gain of 6%, and a surge in large transaction volume. Davis emphasizes the reduced supply, increased institutional and retail demand, and the potential for significant price appreciation.

Portfolio Pulse from Khyathi Dalal

April 24, 2024 | 3:10 pm

AMD

TXN

Advanced Micro Devices, Inc. (AMD) shares rose after Texas Instruments, Inc. (TXN) reported better-than-expected Q1 results. TXN's earnings and revenue surpassed estimates, influencing the semiconductor sector positively. AMD is anticipated to report its Q1 results soon, with expectations set at earnings of 61 cents per share and revenue of $5.459 billion. AMD recently announced new AI-enabled desktop processors, showcasing technological advancements. However, AMD's stock is trading below its 50-day moving average due to recent sector-wide declines. Interest rates and their impact on growth stocks like AMD are highlighted, with a focus on AMD's long-term revenue growth and valuation as a value stock.

Portfolio Pulse from Erica Kollmann

April 24, 2024 | 3:02 pm