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Revenues

BMWYY

BYDDY

POAHY

VWAGY

Chinese carmakers have urged Beijing to increase tariffs on European gasoline cars in retaliation for the EU's tariffs on Chinese-made electric vehicles. This move could impact several car manufacturers, including BYD, BMW, Volkswagen, and Porsche.

Portfolio Pulse from Benzinga Neuro

June 19, 2024 | 11:57 am

POAHY

RACE

TSLA

Ferrari is set to launch its first electric car in late 2025, priced at over $500,000, significantly higher than competitors like Tesla's Roadster and Porsche's Taycan. The new EV will be produced in a new plant in Maranello, Italy, which will increase Ferrari's production capacity. Ferrari reported strong financials for Q1 2024, with sales growth of 11% year-on-year.

Portfolio Pulse from Anan Ashraf

June 19, 2024 | 9:12 am

AAPL

MSFT

NVDA

Nvidia has become the world's most valuable company, surpassing Microsoft and Apple, driven by the AI boom. Ellen Hazen of F.L. Putnam Investment Management highlighted Nvidia's strong financial performance and its central role in the AI market. Despite concerns about potential market pullbacks, Nvidia's stock has surged, closing at $135.58 with a significant earnings surprise.

Portfolio Pulse from Benzinga Neuro

June 19, 2024 | 9:03 am

BTCUSD

USDTUSD

XAUt

Renowned crypto analyst Willy Woo suggests that Tether might launch a Bitcoin-backed stablecoin in the future. Tether has already innovated with a gold-backed stablecoin, shifting from its traditional cash-backed USDT. Woo believes a Bitcoin-backed stablecoin could be viable in future market conditions with higher Bitcoin market cap and lower volatility.

Portfolio Pulse from Aniket Verma

June 19, 2024 | 6:12 am

AMZN

DIS

NFLX

Netflix is expanding its local content production in Southeast Asia, particularly in Indonesia and Thailand, to replicate the success of 'Squid Game'. The company aims to capitalize on the region's large, young demographic. This move contrasts with rivals like Disney and Amazon, which are scaling back in the region. Netflix's stock has seen a significant rise this year.

Portfolio Pulse from Benzinga Neuro

June 19, 2024 | 3:37 am

TSLA

Tesla has started delivering the upgraded Model 3 Performance in China, priced at 335,900 yuan ($46,294). This move comes as Tesla aims to boost sales following a reported 8.5% year-on-year decline in deliveries for Q1 2023. The Performance variant was introduced in the U.S. in April and is priced at $54,990.

Portfolio Pulse from Anan Ashraf

June 19, 2024 | 2:42 am

VFF

Village Farms International (NASDAQ:VFF) has seen a 23% drop in stock price over the past month, but shows strong financial health with significant sales growth and improved margins. Analyst Pablo Zuanic highlights the company's strategic market positioning and undervaluation, suggesting a buying opportunity.

Portfolio Pulse from Nicolás Jose Rodriguez

June 19, 2024 | 2:10 am

GOOG

GOOGL

Alphabet Inc. (GOOGL, GOOG) is investing $2.3 billion in Ohio to expand its data centers and technical infrastructure, reinforcing Ohio's status as a tech hub. This investment is part of a broader trend of tech companies enhancing their AI and cloud capabilities.

Portfolio Pulse from Benzinga Neuro

June 19, 2024 | 2:06 am

BTCUSD

DOGEUSD

ETHUSD

NVDA

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced declines as traders remained cautious about a shrinking market during the summer months. Bitcoin fell to the $64,000 zone, Ethereum dipped below $3,500, and Dogecoin dropped by 4.59%. The Cryptocurrency Fear & Greed Index also fell, indicating moderating buying pressure. Meanwhile, the stock market saw gains, with NVIDIA Corp. jumping 3.5% and becoming the most valuable public company in the world.

Portfolio Pulse from Aniket Verma

June 19, 2024 | 1:42 am

AAPL

MSFT

NVDA

Nvidia's rise to become the world's most valuable company is attributed to a 'once-in-a-generation multi-purpose technological transformation,' according to economist Mohamed El-Erian. Nvidia's strategic focus on graphics chips and AI has propelled its market cap to $3.33 trillion, surpassing Microsoft and Apple.

Portfolio Pulse from Benzinga Neuro

June 19, 2024 | 12:53 am