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TSLA

Elon Musk criticized the term 'recall' for Tesla's OTA software updates, following a recall of 2.2 million vehicles, including the Cybertruck, for a minor issue with warning light font sizes. The National Highway Traffic Safety Administration (NHTSA) noted the fix is an OTA update, some of which have already been deployed. Musk and Tesla argue that using 'recall' for such updates is outdated, suggesting 'Software Recall' as a more accurate term.

Portfolio Pulse from Anan Ashraf

February 03, 2024 | 2:22 am

WMG

Warner Music Group (WMG) and Megan Thee Stallion have entered into a unique agreement where Megan retains full ownership of her masters and publishing. She will release music through Hot Girl Productions and work with WMG and its international affiliates, maintaining full creative control and the option to bring artists signed to her imprint into the WMG ecosystem.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 9:52 pm

BTCUSD

ETHUSD

XRPUSD

Cryptocurrency influencer Lark Davis predicts Bitcoin could reach $150K in the next bull market, emphasizing the role of ETFs in bringing liquidity. He shared his exit strategy, highlighting the importance of planning and managing risk, especially with altcoins and Ethereum, which he plans to fully exit.

Portfolio Pulse from Ivan Crnogatić

February 02, 2024 | 9:17 pm

AVAXUSD

Avalanche (AVAX) experienced a 7% increase in its trading session on Friday, ahead of its largest token unlock scheduled for the last week of February. The unlock will release 9.5 million AVAX, worth approximately $322 million. This event marks the largest token unlock for Avalanche, with 57.7% of AVAX already in circulation. Over the past week, Avalanche's price has increased by 10.2%, and its NFT sector is seeing rapid growth with new projects. Former White House Communications Director Anthony Scaramucci mentioned Avalanche as part of his portfolio, describing it as a high-quality asset. Market analysts predict a bullish future for AVAX, with targets ranging from $230 to $285.

Portfolio Pulse from Khyathi Dalal

February 02, 2024 | 8:58 pm

SNPS

Recent options trading trends for Synopsys (NASDAQ:SNPS) show a bearish sentiment among investors, with 69% of trades being bearish. The trading activity suggests a target price range of $450.0 to $640.0. Notable trades include bearish calls and puts with significant total trade prices and varying open interests. Synopsys, a provider of electronic design automation software, has seen its stock price slightly increase by 0.22% to $541.18, with indicators suggesting it may be approaching overbought territory. The next earnings report is expected in 19 days.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:31 pm

SONY

Sony Group Corp. is rumored to be developing a new PlayStation handheld console featuring a custom AMD Accelerated Processing Unit (APU). The device, which is not officially confirmed and is in the early stages of development, is expected to support native backward compatibility with PlayStation 4 games and potentially receive updates for PlayStation 5 titles. The project, still subject to changes, is reportedly at least two years away from a potential launch.

Portfolio Pulse from Franca Quarneti

February 02, 2024 | 8:18 pm

AMD

GOOG

META

MSFT

NVDA

BofA analyst Vivek Arya reiterated a Buy rating on Nvidia Corp (NVDA), raising the price target to $800 from $700, ahead of its quarterly earnings report on February 21. Arya anticipates a 3%-5% upside in Q4 and Q1 revenues, mainly due to supply gains offset by China restrictions and transition effects before the B100 accelerator launch in H2 2024. Arya highlights Nvidia's AI innovations and the upcoming GPU Tech Conference. Microsoft, Alphabet, and Meta Platforms are also mentioned for their AI advancements, with Nvidia expected to benefit from its AI accelerator market dominance.

Portfolio Pulse from Anusuya Lahiri

February 02, 2024 | 7:38 pm

CCOEY

Capcom ADR (OTC:CCOEY) announced the Resident Evil 4 Gold Edition, set for release on Feb. 9, featuring the base game, all downloadable content, and exclusive items. The Gold Edition will have a physical release exclusively in Europe, while the U.S. will have a digital-only version. The original Resident Evil 4 Remake, launched in March 2023, saw significant sales, surpassing six million units. This release strategy reflects a broader industry trend towards digital-only releases, with Capcom Europe announcing the physical edition via X.

Portfolio Pulse from Franca Quarneti

February 02, 2024 | 7:21 pm

AFRM

Truist analyst Andrew W. Jeffrey reiterated a Buy rating on Affirm Holdings Inc (NASDAQ:AFRM) with a price target of $60, highlighting the recent dip as an opportunity. Despite a 19% year-to-date decline, Jeffrey is optimistic about Affirm's potential, citing expected gains in Enterprise customer share, stable credit trends, better-than-expected RLTC, and strong liquidity. He also sees significant growth potential for BNPL, projecting Affirm could become a nearly $16 billion revenue company.

Portfolio Pulse from Anusuya Lahiri

February 02, 2024 | 6:49 pm

META

SNAP

Meta Platforms (NASDAQ:META) reported Q4 earnings surpassing expectations with revenue and EPS ahead of estimates, announcing its first quarterly dividend. Analysts from Goldman Sachs, Guggenheim, Roth MKM, Wedbush, Truist Securities, and Oppenheimer raised their price targets, citing efficiency, advertising strength, and potential for long-term growth. The positive outlook for Meta also led to an upgrade for Snap Inc (NYSE:SNAP) by Guggenheim, highlighting Meta's advertising pricing power as a positive indicator for Snap.

Portfolio Pulse from Chris Katje

February 02, 2024 | 6:26 pm