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TSLA

Tesla shares are trading lower after a report indicated the company has scrapped plans for a low-cost vehicle due to competition in China.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 3:10 pm

NKLA

Nikola Corporation (NASDAQ:NKLA) shares rose 6% following the announcement of its Q1 production results, including the production and wholesaling of 43 and 40 Class 8 hydrogen fuel cell EVs, respectively. The company also began returning battery-electric trucks from a voluntary recall. Nikola plans to report its Q1 financial results on May 7, with expected losses of 10 cents per share and revenue of $14.235 million. The stock's movement is also discussed in the context of technical analysis and its current price action.

Portfolio Pulse from Erica Kollmann

April 05, 2024 | 3:06 pm

TSLA

Tesla has canceled plans for a low-cost car, a move that was anticipated to transform it into a mass-market automaker. This decision comes amid intense competition in the Chinese electric vehicle (EV) market, as reported by Reuters based on information from three sources and company messages.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 3:06 pm

DELL

PTF

WLDR

Dell Technologies Inc. (NYSE:DELL) shares are up due to its collaboration with Northwestern Medicine, using AI to innovate patient care, particularly in interpreting chest x-rays. The partnership has led to the development of a generative multimodal large language model (LLM) within Northwestern Medicine's secure infrastructure, supported by Dell's advanced AI technology. This initiative is expected to significantly advance healthcare. DELL stock has seen over a 200% increase in the past year, and it's also part of the Affinity World Leaders Equity ETF (BATS:WLDR) and Elevation Series Trust SRH U.S. Quality ETF (NASDAQ:PTF).

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 2:59 pm

DIS

Disney (NYSE:DIS) is set to begin its password-sharing crackdown in June, aiming to increase subscriber engagement and achieve profitability in its streaming business by the fiscal year's end. The policy, initially affecting new Disney Plus subscribers in January and extended to existing members in March, will see a global rollout in September. Disney's CFO confirmed that subscribers suspected of password sharing would need to sign up for their own subscriptions this summer. Additionally, Disney's recent merger of the Disney Plus and Hulu apps is part of its strategy to enhance user experience and reduce churn.

Portfolio Pulse from Rounak Jain

April 05, 2024 | 2:58 pm

USGDF

Copper's role in the global economy is evolving due to its critical role in the energy transition from fossil fuels to renewables. Eric Saderholm of American Pacific Mining Corp. (USGDF) highlights copper's decoupling from other industrial metals like aluminum and zinc, driven by an anticipated acute supply shortage. This shortage, exacerbated by the demand for electrification, is expected to lead to a deficit of 1.3 million metric tons by 2027, with a 20% shortfall projected by 2031 despite efforts in mining and recycling. By 2045, global demand could double, making copper a unique market with its own investment narrative.

Portfolio Pulse from Matt Whittaker

April 05, 2024 | 2:39 pm

TSLA

The article discusses concerns about Tesla (NASDAQ:TSLA), highlighting a recent bad delivery number and the company's decision to not slow manufacturing production despite a slowdown in demand. The author believes this strategy risks creating too much inventory, potentially leading to future write downs and earnings hits, especially if the economy slows next year. The article also mentions Tesla's Full Self-Driving (FSD) feature not nearing regulatory approval, which adds to the stock risk. The author, previously a Tesla bull, remains cautious and sees no immediate change in their stance.

Portfolio Pulse from Elazar Advisors

April 05, 2024 | 2:35 pm

GOOGL

Google (NASDAQ:GOOGL) has filed a lawsuit against two Chinese nationals for creating fake cryptocurrency investment apps on the Google Play store, defrauding over 100,000 users globally. The lawsuit seeks damages over $75,000 and aims to set a precedent to deter future scams. Google's actions highlight the ongoing battle against online financial scams, especially in the cryptocurrency space.

Portfolio Pulse from Murtuza Merchant

April 05, 2024 | 2:21 pm

NVDA

TSLA

Tesla Inc.'s CEO Elon Musk disagrees with Nvidia Corp.'s CEO Jensen Huang on the ease of creating neural networks. Musk responded to Huang's claim that anyone could use Nvidia's AI chips for this purpose, stating it's 'insanely hard'. This comes as Tesla has invested in Nvidia's GPUs for its self-driving technology. Huang remains optimistic about Nvidia's AI capabilities and its software segment's revenue, despite Musk's skepticism.

Portfolio Pulse from Rounak Jain

April 05, 2024 | 2:20 pm

AZN

AstraZeneca Plc (NASDAQ:AZN) announced promising results from the ADRIATIC Phase 3 trial of Imfinzi, either alone or with Imjudo, in treating small cell lung cancer (LS-SCLC) post-chemoradiotherapy. The trial, involving 730 patients, showed significant improvements in overall and progression-free survival compared to placebo. Imfinzi's safety profile remained consistent, with no new safety concerns. The study's second arm, evaluating Imjudo's addition, continues to its next analysis phase. Imfinzi is already approved in multiple regions for different stages of lung cancer.

Portfolio Pulse from Vandana Singh

April 05, 2024 | 2:19 pm