Streetbeat News

Products Services

TSLA

WBX

Joanna Stern, a senior tech columnist, highlighted the cost savings of charging EVs at home, noting significant savings over traditional gas vehicles. She spent $125 to cover 2500 miles with her EV, half of what she would spend on gas. Despite initial installation costs for home chargers, companies like Tesla and Wallbox are making home charging more accessible and affordable, potentially boosting EV adoption.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 9:50 am

DJT

Peter Schiff predicts that if MAGA investors push Trump Media & Technology Group (NASDAQ:DJT) stock to $2,000 per share, Donald Trump could become the world's 7th richest person. DJT's stock surged 16% on its debut day, closing at $66.22. Schiff suggests DJT could further boost its value by adding Bitcoin to its balance sheet and rebranding as Trump AI and Crypto Technology Group.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 9:09 am

PLTR

Palantir Technologies Inc. has partnered with the Ministry of Education and Science of Ukraine to enhance safety in schools for in-person education. This collaboration aims to create safer conditions for students and staff by leveraging Palantir's data analytics and security technologies.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 9:01 am

HCM

HUTCHMED announced that China's NMPA has accepted the sNDA for savolitinib for patients with locally advanced or metastatic MET exon 14 NSCLC. Approval would expand the drug's label to include treatment-naïve patients in China.

Portfolio Pulse from Charles Gross

March 28, 2024 | 8:55 am

HOOD

Robinhood Markets Inc. (NASDAQ:HOOD) shares rose nearly 4% after announcing a new credit card, the Robinhood Gold Card, offering 3% cash back with no annual or foreign transaction fees. Despite the surge, CNBC's Jim Cramer expressed concerns about the stock's rapid growth, attributing it to 'pure momentum' rather than fundamentals. Robinhood aims to centralize customer assets and financial transactions on its platform.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 8:41 am

CTAS

DRCT

MSM

OXM

WBA

U.S. stocks closed higher with the S&P 500 hitting a new record, driven by investor optimism. Cintas Corporation's shares surged 8% after exceeding Q3 expectations and raising FY24 guidance, while Direct Digital Holdings saw a 39% drop due to disappointing Q4 results. Economic data showed a slight decline in mortgage applications and an unexpected rise in crude oil inventories. The market awaits earnings from Oxford Industries, MSC Industrial Direct, and Walgreens Boots Alliance.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 8:08 am

RDDT

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, expressed skepticism about Reddit Inc.'s (NYSE:RDDT) advertising model on X, questioning its profitability. He highlighted Reddit insiders selling stock post-IPO and referenced a deal between Reddit and Google for AI model training. Despite not posting an annual profit since 2005, Reddit's shares surged 48% following its IPO, which aimed to include both retail and institutional investors.

Portfolio Pulse from Ananya Gairola

March 28, 2024 | 8:07 am

SRAD

Sportradar (NASDAQ:SRAD) and Oddin.gg have entered into a multi-year strategic partnership to offer audiovisual streaming of esports content to Sportradar's betting operator clients globally. This deal aims to support Oddin.gg's growth in the esports market, estimated to have a betting turnover of €83 billion in 2023, by leveraging Sportradar's leading position in the AV betting sector.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 8:03 am

TSLA

Tesla Inc (NASDAQ:TSLA) has expressed concerns to the Mexican government regarding proposed EV charging station rules by Mexico's Energy Regulatory Commission (CRE), which mandate operators to choose only two out of five connector standards. Tesla argues this could complicate and increase the cost of station setups, hinder EV deployment, and negatively impact the customer experience, especially for cross-border travel between the U.S. and Mexico. The company emphasizes its investment in a cross-country charging network in Mexico and advocates for an accessible network that meets all vehicle needs.

Portfolio Pulse from Anan Ashraf

March 28, 2024 | 7:53 am

WKEY

WISeKey International Holding Ltd. (WKEY), a global cybersecurity, digital identity, and IoT leader, announced its GSMA Root Certificate Issuer accreditation, marking a significant advancement in telecommunications security for the 5G era. This accreditation is expected to enhance security across telecom networks, accommodating billions of new devices and addressing the evolving threat landscape.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 7:23 am