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TSLA

VCR

RBC Capital Markets analyst Tom Narayan maintained an Outperform rating on Tesla Inc (TSLA) with a $298 price target, citing challenges including Gigafactory disruptions and governance issues, but expects a boost from free FSD trials. HSBC analyst Michael Tyndall retained a Reduced rating with a $143 price target, concerned about Tesla's price cuts and regulatory hurdles for autonomous vehicles. Tesla's stock has fallen over 28% YTD, with exposure available through ETFs like PP and VCR.

Portfolio Pulse from Anusuya Lahiri

March 28, 2024 | 5:51 pm

Philip Morris is set to introduce its premier IQOS heated tobacco device in Austin, Texas, marking a significant move in the expansion of its alternative tobacco products in the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 5:48 pm

CRPT

DAL

EBAY

MSTR

MVPA

MicroStrategy Inc (NASDAQ:MSTR) has seen its stock surge 204% this year, reaching a market cap of over $32 billion, surpassing companies like eBay Inc (NASDAQ:EBAY) and Delta Air Lines Inc (NYSE:DAL) in the S&P 100. Despite its success, its S&P 500 inclusion is questioned due to its revenue model based on Bitcoin holdings. The company also introduced an AI-powered bot, MicroStrategy AutoTM. Its stock is accessible via ETFs like First Trust SkyBridge Crypto Industry And Digital Economy ETF (NYSE:CRPT) and Advisor Managed Portfolios Miller Value Partners Appreciation ETF (NYSE:MVPA), but shares traded lower by 9.11% recently.

Portfolio Pulse from Anusuya Lahiri

March 28, 2024 | 5:47 pm

GME

NKLA

NVDA

RDDT

TSLA

Cocoa prices have surged to $10,000, a 240% increase from the previous year, affecting chocolate prices and outperforming Nvidia Corp (NASDAQ:NVDA) and Bitcoin (CRYPTO:BTC) in market performance. The rise is attributed to issues in West Africa, including illegal gold mining, climate change, and diseases affecting cocoa plants. This surge is expected to make chocolate a luxury item, with significant price increases anticipated. The article also compares the buying power of a ton of cocoa to shares of several companies, including NVDA, Tesla Inc. (NASDAQ:TSLA), Reddit Inc. (NASDAQ:RDDT), Gamestop Corp. (NYSE:GME), and Nikola Corp. (NASDAQ:NKLA).

Portfolio Pulse from Piero Cingari

March 28, 2024 | 5:29 pm

EXAS

Exact Sciences shares are trading higher following the release of positive data on its Oncoguard Esophagus test.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 5:25 pm

TSLA

WKSP

2023 marks a significant year for electric pickups, with Tesla Inc's Cybertruck entering the market and Toyota Motor Corporation planning to unveil its all-electric pickup by 2025. Worksport Ltd is set to launch a solar-powered tonneau cover, SOLIS, enhancing electric pickups' features. Toyota accelerates its EV efforts, renaming its battery subsidiary to Toyota Battery Company Ltd, and Isuzu is launching an electric pickup to compete with Ford Motor's F-150.

Portfolio Pulse from Upwallstreet

March 28, 2024 | 5:24 pm

SNOW

Snowflake Inc. (NYSE:SNOW) has made its Data Clean Rooms generally available across multiple cloud regions, following the acquisition of Samooha. This expansion allows businesses of any size to securely share and collaborate on sensitive data. Additionally, Snowflake's new CEO, Sridhar Ramaswamy, has invested $5 million in the company by purchasing 31,542 shares, amid competition buzz with Databricks Inc. SNOW shares rose 1.48% to $162.42.

Portfolio Pulse from Nabaparna Bhattacharya

March 28, 2024 | 5:23 pm

The steel industry is witnessing significant consolidation with notable transactions such as Nippon Steel's acquisition of U.S. Steel, Acerinox's subsidiary NAS acquiring Haynes International, Varsteel's purchase of Pacific Steel, and ArcelorMittal's investment in Vallourec. These moves reflect the industry's adaptation to global dynamics, including de-globalization and sustainability goals.

Portfolio Pulse from Stjepan Kalinic

March 28, 2024 | 5:11 pm

WATT

Energous announced it has received a Notice of Allowance for its U.S. patent application 18/296,339, which is focused on systems and methods of wirelessly delivering power to a receiver device. This development marks a significant milestone in the company's efforts to advance wireless charging technology.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 5:08 pm

BCH

Bitcoin Cash (BCH) saw a 6.8% increase to $565.51 amid overall strength in altcoins and Bitcoin, which surpassed $70,000. The rise in Bitcoin and altcoins is attributed to the approval of spot Bitcoin ETFs in January and recent significant investments in Bitcoin spot ETFs, including a $323 million inflow into BlackRock's iShares Bitcoin Trust. This reflects growing confidence in Bitcoin, supported by BlackRock CEO Larry Fink's positive outlook.

Portfolio Pulse from Henry Khederian

March 28, 2024 | 5:03 pm