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VLRS

Volaris reported a decrease in ASM capacity by 15.8% YoY in March 2024, attributed to Pratt & Whitney engine inspections causing aircraft groundings. Despite this, the load factor increased to 86.8% due to a lesser decline in RPMs. Domestic RPMs in Mexico fell by 24.2%, whereas international RPMs rose by 7.1%. The airline transported 2.3 million passengers.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:53 am

BTCUSD

DOGEUSD

SHIBUSD

Shiba Inu (SHIB) has surpassed Bitcoin (BTC) in trading volume on WazirX, one of India's leading crypto exchanges, amid a surge in interest for meme coins in the country. The top five traded tokens on WazirX for March, excluding Bitcoin, were all meme coins, with SHIB leading. This trend reflects a broader interest in meme coins, with SHIB planning expansions beyond its meme coin status.

Portfolio Pulse from Shomik Sen Bhattacharjee

April 04, 2024 | 6:49 am

F

Ford Motor Co (NYSE:F) reported a significant 86% increase in electric vehicle (EV) sales in the U.S. for Q1 2024, with 20,223 EVs sold, led by the Mustang Mach-E SUV and the F-150 Lightning pickup truck. This growth contrasts with Tesla and GM's reported drops in EV sales for the same period. Ford's price cuts on the Mach-E and its diverse vehicle sales strategy contributed to its success, despite Tesla CEO Elon Musk's claims of a 'tough quarter' for the EV industry.

Portfolio Pulse from Anan Ashraf

April 04, 2024 | 6:35 am

BTCUSD

SOL

The Solana-based meme cryptocurrency 'Book of Meow' (BOMEOW) surged 300%, reaching a market cap of $9M hours after trading began. This rise is part of a broader trend where cat-themed tokens, including MEOW with a 14,000% surge, are gaining investor interest despite Bitcoin's downturn.

Portfolio Pulse from Mehab Qureshi

April 04, 2024 | 6:15 am

SOPH

SOPHiA GENETICS and Strand Life Sciences have announced a strategic partnership aimed at advancing the use of precision medicine. This collaboration will combine their industry-leading strengths to offer access to advanced genomics technologies, bioinformatics services, and innovative diagnostics solutions.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:04 am

BTCUSD

ETHUSD

Renowned financial expert, Raoul Pal, remains optimistic about the future of cryptocurrencies, predicting a rapid adoption rate despite recent market downturns. He asserts that crypto is being adopted at twice the speed of the internet, predicting 1 billion users by 2025. This comes as major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin experience declines, with Bitcoin dropping by 0.74%, Ethereum by 0.28%, and Dogecoin by 5.2%.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 5:51 am

DOGEUSD

Timothy Stebbing, Product Lead at the Dogecoin Foundation, compared household plumbing issues to network architectures, highlighting the importance of high availability and redundancy. This analogy is part of his broader work on RadioDoge, aimed at providing financial services in East Africa. Amidst growing interest in Dogecoin, the cryptocurrency has seen a significant increase this year but faced a recent decline. Currently, DOGE is trading up 5.26% at $0.175.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 5:25 am

TSLA

Tesla Inc (NASDAQ: TSLA) has been given a 79% upside prediction by RBC Capital Markets analyst Tom Narayan, despite a 14.5% decline in its stock over the past year and lower-than-expected vehicle deliveries for Q1 2024. Narayan's optimism is largely based on Tesla's full self-driving (FSD) product, which he sees as a significant near-term catalyst. The average price target among 51 analysts is $198.87, suggesting a 19.4% potential upside.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 4:20 am

HOOD

Robinhood CEO Vlad Tenev announced Q1 2024 achievements on X, including a $30M bonus for account transfers, the launch of the Robinhood Gold Card, expansion into the UK and Europe, and the addition of new crypto assets. The company saw record overnight trading volumes and added new stocks and ETFs. An analyst raised Robinhood's forecast by 46%, reflecting strong growth potential. Robinhood's stock price slightly increased after these announcements.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 2:10 am

AAPL

AMD

NVDA

TSM

Gene Munster, a tech analyst, highlighted the potential impact of a recent earthquake in Taiwan on AI development due to production challenges at Taiwan Semiconductor Manufacturing Co. (TSMC). The 7.2-magnitude earthquake forced TSMC to halt chip production temporarily, raising concerns about the future of AI as TSMC is a crucial supplier for major companies like Apple, Nvidia, and AMD. Munster's comments draw attention to the vulnerability of AI's development to geopolitical tensions and the importance of diversifying chip manufacturing locations.

Portfolio Pulse from Sudhanshu Singh

April 04, 2024 | 1:26 am