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NKLA

During a conference call, a Nikola executive mentioned that the company is facing supply constraint issues with batteries, which could impact its production capabilities and timelines.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:10 pm

AAPL

Apple Inc. unveiled the iPad Air 6 and iPad Pro with significant upgrades including the M4 chip for the Pro and M2 chip for the Air, OLED displays, and new accessories. The iPad Air 6 starts at $599, while the iPad Pro starts at $999. Both are available for preorder with improved performance and storage options.

Portfolio Pulse from Rounak Jain

May 07, 2024 | 3:08 pm

GOOG

GOOGL

Google is intensifying its AI sales initiatives to encourage more businesses to purchase their AI solutions. This move indicates Google's commitment to expanding its footprint in the lucrative AI market.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:05 pm

CMND

Clearmind Medicine Inc. (NASDAQ:CMND) shares surged after announcing an exclusive patent licensing agreement with Yissum Research Development to develop and commercialize compounds for treating PTSD and other mental health conditions. This agreement is seen as a significant step in addressing mental health care needs with innovative psychedelic compounds. The global market for PTSD treatment, valued at $16.8 billion in 2023, is expected to grow to $27.37 billion by 2033.

Portfolio Pulse from Dylan Berman

May 07, 2024 | 3:03 pm

NKLA

Nikola Corporation anticipates delivering between 50 and 60 fuel cell trucks in Q2, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:55 pm

WMT

Financial giants have shown a bullish sentiment on Walmart (WMT) through options trading, with a focus on a price range between $56.67 and $65.00. Analysis of 8 unusual trades revealed an equal split between puts and calls, indicating mixed market expectations. The largest trades include both bearish and bullish positions, with significant open interest in calls for January 2026. Walmart's current market position shows a slight price increase to $60.1, with an upcoming earnings announcement. Analysts, including Evercore ISI Group, maintain an Outperform rating with a target price of $66.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 2:46 pm

BA

EADSY

SPR

Spirit AeroSystems Holdings Inc (NYSE:SPR) reported Q1 2024 results with a 19% Y/Y revenue increase to $1.703 billion, surpassing consensus estimates. Despite higher production activities and defense revenues, the company faced challenges including a significant operating loss and negative EPS due to Boeing 737 production disruptions and delivery delays. Spirit's backlog is approximately $49 billion, including Airbus and Boeing commercial platforms. The company withheld guidance amid Boeing acquisition talks and production uncertainties. Shares of SPR traded lower by 1.21%.

Portfolio Pulse from Akanksha Bakshi

May 07, 2024 | 2:34 pm

HAIL

MOON

NKLA

Nikola Corp reported a 30% decline in Q1 sales year-over-year, missing analyst estimates with $7.5 million versus the expected $15.8 million. The adjusted EPS loss improved to $(0.09) from $(0.22) Y/Y, beating the consensus loss estimate of $(0.10). Production and shipment of trucks decreased and increased, respectively, compared to last year. Despite maintaining a dominant market share in HVIP vouchers for Class 8 FCEVs, the company faced a gross loss increase and postponed the delivery timeline for its battery trucks to the end of 2024. Nikola's stock price fell by 9.93% following these announcements and ongoing challenges, including potential fraudulent conduct allegations and medium-term hurdles like inadequate charging infrastructure.

Portfolio Pulse from Anusuya Lahiri

May 07, 2024 | 2:33 pm

MSFT

David A Steinberg, CEO of Zeta Global, predicts a significant transformation in Wall Street jobs due to AI, forecasting both job destruction and creation. His views were shared during CNBC's 'Last Call' at the Milken Institute, highlighting the potential for AI to replace many analyst roles. The IMF warns AI could affect 40% of global jobs, while Microsoft's CEO Satya Nadella sees potential for wage increases through enhanced expertise.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 2:32 pm

AAPL

Apple has unveiled the new Apple Pencil Pro, featuring low latency and pixel-perfect precision, marking a significant enhancement in its product lineup. This development is expected to bolster Apple's position in the high-end accessory market and potentially drive up sales of compatible devices.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 2:31 pm