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TSLA

Tesla Inc (NASDAQ:TSLA) stock fell 3.6% after reports emerged that the company has halted plans for a low-cost vehicle, opting to focus on self-driving technologies instead, a claim CEO Elon Musk denies. A Reddit post compared Tesla's declining growth and high PE ratio unfavorably with Toyota (NYSE:TM), highlighting Tesla's financial challenges, including a dip in auto gross margins and a decline in vehicle deliveries. Technical indicators also suggest a bearish trend for Tesla stock.

Portfolio Pulse from Surbhi Jain

April 05, 2024 | 7:44 pm

GOLD

Barrick Gold Corporation (NYSE:GOLD) shares have risen over 7% in the past five days, buoyed by the record high gold prices reaching $2,330.50 per ounce. The company's expansion includes mines and projects across 18 countries and a new concession request in Puno, Peru. Trading volume for GOLD has significantly exceeded its 100-day average, indicating heightened investor interest.

Portfolio Pulse from Erica Kollmann

April 05, 2024 | 7:37 pm

AXS

RON

Frank Cheng, founder of Foonie Magus, discussed Apeiron's transition from Web2 to Web3, the launch of its ecosystem token APRS, and its appeal to competitive gamers. Apeiron, a Web3 god game, aims to redefine digital gaming with blockchain technology. Cheng highlighted the game's unique battle system, the strategic choice of Ronin (RON) as its blockchain platform, and the potential of the APRS token to create a vibrant economy within the game. The anticipated God Mode is expected to expand gameplay and narrative dimensions, with a launch timeframe in Q3 and Q4.

Portfolio Pulse from Jose Rodrigo Safdiye

April 05, 2024 | 7:34 pm

AZN

The FDA has granted accelerated approval to ENHERTU, a treatment for unresectable or metastatic HER2-positive solid tumors. This decision could significantly impact the drug's availability and use in treating various cancers, marking a pivotal development for patients with these conditions.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:30 pm

CELH

CELSIUS shares are trading higher following the company's announcement of plans to expand its sales and distribution to France starting in Q4.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:22 pm

CDTX

Cidara Therapeutics, Inc. (CDTX) presented promising data on its novel drug-Fc conjugate (DFC) candidates at the AACR Annual Meeting 2024. The data includes improved tumor reduction by its multispecific CD73/PD-1 DFC compared to PD-1 monotherapy, potent efficacy of its CCR5-targeting DFC in colorectal cancer mouse models, and superior efficacy of CBO421 over oleclumab in triple-negative breast cancer cell lines. These developments highlight the potential of Cidara's DFCs in improving cancer treatment.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:15 pm

AIR

AAR CORP. (NYSE:AIR) has initiated the expansion of its MRO facility in Oklahoma City, with the new facility expected to be operational by early 2026. This expansion, supported by a grant and rent concessions, aims to accommodate all 737 variants and is in line with a recently expanded maintenance commitment from Alaska Airlines. The project, which will create 200 additional full-time jobs, underscores AAR's growth and its collaboration with local and state entities, including the Oklahoma City Airport Trust.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:14 pm

CRH

CRH has acquired BoDean Company Inc. and Northgate Ready Mix, LLC, marking its first entry into the California market. These acquisitions add significant resources to CRH's Materials Solutions business, including two aggregates quarries, two ready mixed concrete plants, one asphalt plant, and one recycle plant, enhancing its offerings in Northern California. The move is part of CRH's strategy to capitalize on the construction market in California, one of the largest in the U.S., and to provide integrated solutions to customers with a focus on quality, innovation, and sustainability.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 7:13 pm

AAPD

AAPL

AAPU

GGLL

GGLS

GOOL

MSFT

Google (NASDAQ:GOOL) is in talks with Apple (NASDAQ:AAPL) to integrate its Gemini AI into iPhones, potentially boosting both companies' standings in the AI race. This comes as both have struggled against Microsoft (NASDAQ:MSFT), which has surged ahead with its partnership with OpenAI. Google's stock rose 8% following the news, while Apple saw a modest 0.5% increase. Direxion offers leveraged and inverse ETFs for both Google and Apple stocks for investors looking to capitalize on these movements.

Portfolio Pulse from Johnny Rice

April 05, 2024 | 7:09 pm

MATICUSD

MadFi, the team behind BONSAI, a memecoin, has raised $1 million in an angel round to support its growth on the Lens Protocol, a decentralized social media platform. BONSAI, launched in March 2024 and initially distributed via airdrop to Lens users, has become the platform's primary currency, facilitating content monetization and user engagement. The coin's valuation has reached nearly $100 million. The funding round saw participation from crypto investment firms and notable figures like Robert Leshner and Sandeep Nailwal. MadFi plans to use the funds to develop 'Open Actions' to enhance creator monetization on Lens.

Portfolio Pulse from Murtuza Merchant

April 05, 2024 | 6:52 pm