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TNC

Tennant Company (NYSE:TNC) has acquired M&F Management and Financing, the parent company of TCS EMEA, to expand its presence in Eastern Europe and the EMEA region. This strategic move aims to leverage TCS's established network in countries like Romania, Hungary, the Czech Republic, Slovakia, Austria, Switzerland, Poland, and others, as well as in the Middle East and Africa, to enhance Tennant's global sales and service network.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 10:53 am

FSR

HPE

PLUG

Hewlett Packard Enterprise reported mixed Q1 results with earnings above and sales below market expectations, leading to a 6.1% pre-market share drop. Other stocks like Fisker, Plug Power, and several others also moved lower in pre-market trading due to various reasons including below-estimate revenues, internal control issues, and weak financial results.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 10:47 am

SHIBUSD

Shiba Inu (SHIB) experienced a 30,000% increase in its token burn rate, with 3,759,043 SHIB tokens removed from circulation. This follows the announcement of a new privacy-centric system on the Shibarium network. Despite the surge, SHIB's price decreased by 5.58% over the last day but is up 4.06% in the last 24 hours. The total burned SHIB tokens now stand at 410.7 trillion, with around 581.7 trillion SHIB tokens still in circulation.

Portfolio Pulse from Mehab Qureshi

March 01, 2024 | 10:25 am

TSLA

Tesla Inc (NASDAQ:TSLA) has increased the prices of certain Model Y variants in the U.S. by $1000 and is offering incentives on new vehicle purchases in China. In the U.S., the Model Y rear-wheel drive and Long Range prices have been raised, while the Performance variant's price remains unchanged. This follows a temporary price cut in February aimed at boosting winter sales. In China, Tesla is offering discounts on inventory Model 3 and Y vehicles to enhance competitiveness, especially against BYD, which recently surpassed Tesla in BEV sales.

Portfolio Pulse from Anan Ashraf

March 01, 2024 | 10:14 am

CLSK

MARA

RIOT

WGMI

WULF

Peter Schiff, a known Bitcoin critic, highlighted the recent downturn in Bitcoin mining stocks, such as the Valkyrie Bitcoin Miners ETF (WGMI), despite Bitcoin's price surge. On a specific day, WGMI dropped 8.39%, while mining companies like Marathon Digital Holdings (MARA) and Riot Platforms (RIOT) saw significant declines in their share prices. CleanSpark (CLSK) and TeraWulf (WULF) also experienced losses. This downturn occurred amidst Bitcoin's price increase from about $51,000 to a yearly high of $63,700, raising questions about the sustainability of Bitcoin and the mining sector.

Portfolio Pulse from Mehab Qureshi

March 01, 2024 | 9:43 am

NIO

NIO Inc. announced its February 2024 delivery results, delivering a total of 8,132 vehicles, including 4,765 premium smart electric SUVs and 3,367 premium smart electric sedans. This brings NIO's cumulative vehicle deliveries to 467,781 as of February 29, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:33 am

XPEV

XPeng Inc. announced its February 2024 vehicle delivery results, delivering 4,545 Smart EVs, including 1,448 units of the XPENG X9. The X9 has nearly reached 4,000 units in its first two months, leading in the electric MPV and three-row seater BEV segments. The company expects to accelerate X9 deliveries in March due to capacity ramp-up and the resolution of supply chain issues.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:19 am

AAPL

MSFT

NVDA

NVIDIA Corp's (NASDAQ:NVDA) stock has surged by approximately 60% this year, following a threefold increase in 2023, propelling its market value to nearly $2 trillion. This has sparked Wall Street's interest in other AI-focused companies, with the Nasdaq Composite and S&P 500 reaching record highs. Analysts and portfolio managers emphasize AI's long-term potential, despite concerns of a market bubble. Microsoft Corp (NASDAQ:MSFT) and Apple Inc (NASDAQ:AAPL) are also mentioned as the largest U.S. companies by market cap.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 9:05 am

KDP

Keurig Dr Pepper (KDP) has announced the pricing of up to 100 million common shares at $29.10 each by JAB. KDP plans to repurchase 35 million shares as part of this offering, under its $4 billion repurchase authorization, leaving approximately $1.8 billion remaining. Post-offering, JAB will own about 21% of KDP's outstanding stock, increasing KDP's public float to roughly 79%.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 8:50 am

AMZN

META

Jonathan Levin, Dean of Stanford Graduate School of Business, views the recent surge in insider stock sales by executives, including Jeff Bezos of Amazon and Mark Zuckerberg of Meta Platforms, as a healthy sign of a mid-cycle market. Despite concerns, Levin suggests these sales, part of executives' liquidity and diversification strategies, do not indicate market distress. Amazon and Meta shares have seen positive price action recently.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 8:40 am