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BEDU

Bright Scholar Education (NYSE:BEDU) reported a Q4 adjusted EPS loss of $(0.52), a slight decrease from $(0.49) YoY. However, sales increased by 28.70% to $77.12M from $59.92M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 6:12 am

ARKF

COIN

HOOD

Ark Investment Management, led by Cathie Wood, adjusted its crypto-linked stock holdings by purchasing shares of Robinhood Markets, Inc. (HOOD) and selling shares of Coinbase Global, Inc. (COIN). The Ark Fintech Innovation ETF (ARKF) bought 143,063 shares of HOOD and sold 43,956 shares of COIN. Despite the sale, COIN remains ARKF's top holding, while HOOD is the 11th largest. The transactions occurred amid volatility in the cryptocurrency market and speculation about the approval of a Bitcoin ETF.

Portfolio Pulse from Shanthi Rexaline

November 28, 2023 | 6:01 am

BBY

QCOM

SSNLF

Best Buy Co Inc. (NYSE:BBY) is offering a $800 discount on the Samsung Galaxy Z Fold 5, bringing the price down to $1,000. Samsung Electronics Co Ltd. (OTCPK: SSNLF) has its latest flagship foldable smartphone available in a 12GB RAM and 256GB storage configuration, specifically in cream color. An additional $435 trade-in discount can reduce the price further to $565. The device features a Snapdragon 8 Gen 2 chipset from Qualcomm Inc. (NASDAQ:QCOM), a 7.6-inch main display, multiple cameras, and supports both wired and wireless charging.

Portfolio Pulse from Rounak Jain

November 28, 2023 | 5:39 am

BYDDF

TSLA

Bernstein analysts have expressed skepticism about Tesla Inc.'s (NASDAQ:TSLA) high market valuation compared to BYD Co Ltd (OTC:BYDDF), especially given the companies' similar financials. Tesla's market cap is approximately $730 billion, despite a decline in earnings, while BYD, with profits doubling, is valued at $84 billion. Bernstein set a $150 price target for Tesla, suggesting a 40% drop, and a $46 target for BYD, indicating a 60% increase. They believe the valuations of Tesla and BYD will likely converge in the future.

Portfolio Pulse from Benzinga Neuro

November 28, 2023 | 5:24 am

BBJP

DXJ

EWJ

The Bank of Japan's Core Consumer Price Index (CPI) rose by 3% year-over-year, which is lower than the estimated 3.4% and equal to the prior figure of 3.4%. This indicates a stabilization in inflation rates, which could impact investor sentiment regarding Japanese markets and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:21 am

TSLA

Tesla Inc (NASDAQ:TSLA) has made last-minute changes to the timing of its Cybertruck delivery event and briefly increased the reservation fee from $100 to $250 before reverting it, causing confusion among prospective buyers and investors. The event is now scheduled for 2 p.m. CT at Tesla's Gigafactory in Texas, an hour later than previously communicated by Tesla's VP of Investor Relations. Despite the confusion, interest in the Cybertruck remains high with net reservations surpassing two million.

Portfolio Pulse from Anan Ashraf

November 28, 2023 | 4:13 am

SPY

Bank of America technical research strategist Stephen Suttmeier predicts a 23% rise in the S&P 500 if it breaks above the low 4,600s, confirming a 'cup and handle' pattern. This could lead the index to surpass its record high and reach the low 5,200s. The bullish outlook is supported by rising long-term moving averages and similar patterns in the Nasdaq Composite and sectors like technology, semiconductors, and homebuilders. Institutional asset managers and retail investors have accumulated buying power, which could contribute to a year-end rally.

Portfolio Pulse from Benzinga Neuro

November 28, 2023 | 4:06 am

AMZN

COIN

MSFT

TSLA

Coinbase, GM, Amazon, Tesla, and Microsoft are the top five stocks on investors' radar after U.S. stocks dipped but recovered slightly in after-hours trading. Coinbase rose due to Bitcoin's new high and Argentina's pro-crypto president. GM plans to relaunch Robotaxi services after safety improvements. Amazon became the largest U.S. delivery service by volume. Tesla's Model Y is projected to be Europe's top-selling vehicle, and Microsoft's AI and cloud computing strength continue to attract investors.

Portfolio Pulse from Ramakrishnan M

November 28, 2023 | 4:04 am

TSLA

Tesla Inc (NASDAQ:TSLA) has increased the price of its Model Y Long Range in China for the third time in less than three weeks, with the latest hike being 2000 yuan (approximately $282). The vehicle's price is now 6500 yuan (around $916) higher than at the start of November, although it remains cheaper than its October 2022 pricing.

Portfolio Pulse from Anan Ashraf

November 28, 2023 | 3:24 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) saw declines ahead of a week filled with potential macroeconomic volatility. The available supply of Bitcoin on exchanges is at its lowest since April 2018, excluding October's lows. The upcoming Bitcoin halving in April 2024 is expected to reduce the new supply entering the market by 50%, potentially increasing BTC prices. The Federal Reserve's upcoming inflation data will influence interest rate decisions, affecting Bitcoin's price. Analysts predict a positive economic trend could lead to a Bitcoin surge, with a potential to reach $40,000. Ethereum is also expected to rally, with targets around $3,100-3,600 if it breaks out of an 18-month range. Market sentiment is cautious as fear sentiment increases with altcoins retracing their gains.

Portfolio Pulse from Mehab Qureshi

November 28, 2023 | 3:14 am