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GLD

ORLA

The article discusses the improbability of a 50% crash in the S&P 500 market, countering the notion with insights from market technician Chris Vermeulen, who predicts a possible 10% to 20% correction by year-end. It also debunks the idea that gold or gold miners, like Orla Mining Ltd. (ORLA) and the SPDR Gold Shares ETF (GLD), would protect investors in such a crash, suggesting instead that put options on stocks are a more effective hedge. The article highlights the success of a hedged portfolio method, which has shown promising results in protecting against market downturns.

Portfolio Pulse from David Pinsen

April 11, 2024 | 10:28 am

ISPR

Ispire Technology and Chemular Inc have entered into a joint venture to develop an industry-standard age-verification solution and to seek FDA marketing orders for the e-cigarette market in the US.

Portfolio Pulse from Charles Gross

April 11, 2024 | 10:23 am

AMZN

Amazon.com is on schedule to launch its first production satellites in 2024, marking a significant step in its efforts to establish a satellite internet service. This move is part of Amazon's broader strategy to expand its services and compete in the global internet coverage market.

Portfolio Pulse from Charles Gross

April 11, 2024 | 10:16 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is showing signs of recovery despite recent sell-offs and negative fundamentals, according to Future Fund Managing Partner Gary Black. Black highlights a balance between declining fundamentals and excitement over Full Self-Driving (FSD) and robotaxi developments. He notes a significant drop in earnings estimates for 2024 and 2025 but suggests that much of the negative news may already be factored into Tesla's stock price. Black also points out the potential risk of price cuts due to high Model Y inventory levels and the importance of Tesla's guidance on delivery growth and earnings estimates for stock movement.

Portfolio Pulse from Shanthi Rexaline

April 11, 2024 | 10:14 am

BMWYY

TSLA

VWAGY

Volkswagen AG and BMW reported significant progress in their electric vehicle (EV) sales, providing optimism in the EV market. Volkswagen saw a 91% increase in EV deliveries in China, contributing to an 8% rise in overall vehicle deliveries in the country for Q1. Despite challenges, Volkswagen's global deliveries rose by 3%. BMW achieved a milestone by selling its one-millionth EV, with a 40.6% increase in EV sales during the first quarter. These developments come amidst Tesla's first delivery drop in four years, highlighting competitive dynamics in the EV market.

Portfolio Pulse from Upwallstreet

April 11, 2024 | 10:14 am

GOOG

GOOGL

MBGAF

MBGYY

MSFT

At the Google Cloud Next conference, Alphabet (GOOG/GOOGL) announced its focus on generative AI to revolutionize business operations, directly competing with Microsoft (MSFT) and OpenAI. Google introduced AI-powered tools for B2B enterprises, including Google Vids for video creation, Imagen 2 for video clips from text, and Code Assist for coding assistance. Additionally, Google Cloud is expanding its partnership with Mercedes-Benz (MBGAF/MBGYY) to enhance customer experiences with AI technologies. This marks a significant step in Google's AI strategy, positioning it as a key player in the AI race against Microsoft.

Portfolio Pulse from Upwallstreet

April 11, 2024 | 10:13 am

AMZN

Amazon is reportedly gaining confidence in Prime Video's potential to become a significant and profitable standalone business. This shift in perspective could indicate a strategic focus on enhancing the platform's content, user experience, and possibly exploring new revenue models beyond the traditional Prime subscription bundle.

Portfolio Pulse from Charles Gross

April 11, 2024 | 10:09 am

GOOGL

HD

The Home Depot and Google Cloud have announced the extension of their multi-year partnership to enhance The Home Depot's technology strategy, aiming to make home improvement projects more efficient and affordable for customers. This collaboration, ongoing since 2015, focuses on innovating retail technology to improve experiences for both associates and customers across in-store, online, and blended shopping environments.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:03 am

AAPL

MSFT

Apple Inc. has issued an alert to users in 92 countries about a sophisticated 'mercenary spyware attack' targeting iPhones. This is part of ongoing efforts since 2021 to warn users about state-sponsored cyber threats. The alert coincides with a global increase in cyber-espionage, highlighted by recent security breaches at Microsoft and warnings of AI-generated disinformation in upcoming elections. Google's report also identified China as a major source of government-backed cyber threats.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 9:14 am

META

NVDA

Meta Platforms Inc. (NASDAQ:META) has unveiled its next-generation AI chip, the MTIA, aimed at competing with Nvidia Corporation's (NASDAQ:NVDA) AI chips in the cloud business. The MTIA, built on Taiwan Semiconductor Manufacturing Co's 5nm process, is designed for AI workloads, specifically ranking and recommendation models. This development is part of a broader trend where major tech companies are developing their own AI chips to reduce dependency on Nvidia's GPUs.

Portfolio Pulse from Ananya Gairola

April 11, 2024 | 8:31 am