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BYDDF

BYDDY

TSLA

BYD Co Ltd views Tesla Inc as a partner rather than competition in the EV market, emphasizing the minimal customer overlap and shared goal of advancing EV adoption. BYD's Executive VP Stella Li dismissed rumors of entering the U.S. market through a Mexican factory, citing political complications. Despite Tesla's concerns about Chinese automakers' competitive edge, BYD focuses on competing with combustion engine manufacturers. In Q4 2023, BYD surpassed Tesla in BEV sales, though it also produces hybrids.

Portfolio Pulse from Anan Ashraf

February 27, 2024 | 3:53 am

HIMS

MARA

RIOT

TSLA

ZM

Bitcoin's surge above $55K positively impacted Marathon Digital Holdings Inc (MARA) and Riot Platforms Inc (RIOT), with significant stock gains. Zoom Video Communications Inc (ZM) saw a slight decline despite strong Q4 earnings. Hims & Hers Health, Inc. (HIMS) and Tesla Inc. (TSLA) also experienced stock increases, attributed to positive earnings and expansion news, respectively. U.S. indices closed lower, with the Dow Jones, S&P 500, and Nasdaq all experiencing declines.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 2:26 am

MSFT

Elon Musk has publicly requested Microsoft CEO Satya Nadella to modify the Windows PC setup process to allow users to opt out of creating a Microsoft account. Musk's request, made via a post on X (formerly Twitter), highlights his frustration with the current setup process that mandates a Microsoft account, especially when connected to WiFi, and restricts the use of work email addresses for account creation. This interaction underscores Musk's ongoing critique of Microsoft's AI development and its partnership with OpenAI.

Portfolio Pulse from Ananya Gairola

February 27, 2024 | 1:56 am

CMCSA

NFLX

Saturday Night Live featured a parody involving Donald Trump's 'Never Surrender High-Tops' gold sneakers, which sold out at $399 and were resold on eBay for thousands. The episode, hosted by Shane Gillis, included a fake movie trailer 'White Men Can Trump,' poking fun at Trump and Biden. This marked Gillis' first appearance on SNL after being fired in 2019 due to backlash from ethnic slurs made on a podcast. Netflix has ordered a scripted series 'Tires' and a stand-up special from Gillis, showcasing his comedy.

Portfolio Pulse from Chris Katje

February 27, 2024 | 12:01 am

AA

AMR

FEAM

VALE

5E Advanced Materials (FEAM) is nearing initial production at its Boron Americas Complex, with operations and commercial activities ramping up for a Q2 2024 start. Alcoa Corporation (AA) plans to acquire Alumina Limited (AWCMF) in an all-stock deal valued at $2.2 billion, aiming to strengthen its market position. Vale (VALE) and Sumitomo Metal Mining (SMMYY) are selling a 14% stake in PT Vale Indonesia to PT Mineral Industri Indonesia, aligning with ownership transfer obligations. Alpha Metallurgical (AMR) reported a significant increase in Q4 net income and adjusted EBITDA, continuing its share buyback program.

Portfolio Pulse from Austin DeNoce

February 26, 2024 | 10:39 pm

ACHR

Archer Aviation Inc (NYSE:ACHR) reported Q4 financial results with losses of 34 cents per share, missing analyst expectations by 21.43%. Despite this, the company is progressing with its Midnight aircraft, expecting to complete 400 test flights in 2024. Archer anticipates non-GAAP operating expenses of $75 million to $95 million for Q1 2024. Shares fell 6.91% after-hours to $4.58.

Portfolio Pulse from Erica Kollmann

February 26, 2024 | 10:37 pm

RIVN

Rivian Automotive announced an expected near-term negative impact on vehicle production and cost of revenues due to a planned shutdown of its Normal factory. The shutdown is anticipated to affect the company's ability to produce vehicles and increase production costs.

Portfolio Pulse from Charles Gross

February 26, 2024 | 10:25 pm

BTCUSD

The article discusses the Bitcoin halving event in April, highlighting various reactions from the crypto community, ranging from sarcasm to serious analysis. It explains the mechanics and implications of the halving, emphasizing its potential impact on Bitcoin's supply, price equilibrium, and scarcity. Jesse Myers of Onramp Bitcoin outlines six key points to understand the halving, including its effect on supply issuance, price, and the psychology of investors. The article also mentions Bitcoin's current trading price.

Portfolio Pulse from Ivan Crnogatić

February 26, 2024 | 9:57 pm

AL

BA

Air Lease Corporation (AL) has entered into long-term lease agreements with Thai Airways International for three new Boeing 787-9 aircraft, set to be delivered in 2025. These aircraft, part of ALC's order book with Boeing (BA), will be used by Thai Airways to enhance its global network, including flights to Europe, Australia, and Intra-Asia. This deal marks the beginning of a partnership between ALC and Thai Airways, aimed at modernizing the airline's fleet and improving passenger experience.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:53 pm

DAWN

Day One Biopharmaceuticals (NASDAQ:DAWN) reported its 2023 financial results, highlighting a strong cash position of $366.3M, providing a runway into 2026. The company is preparing for the potential approval and launch of tovorafenib, with a PDUFA target date set for April 30, 2024. Significant progress was made in clinical trials, including the publication of Phase 2 FIREFLY-1 results in Nature Medicine and the ongoing Phase 3 FIREFLY-2/LOGGIC trial. R&D and G&A expenses increased due to expanded clinical activities and commercial preparedness efforts. The company also announced key leadership changes and board additions.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:42 pm