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TSLA

Tesla Inc (TSLA) could have made nearly a $20 billion profit on its Bitcoin (BTC) investment if it had followed Michael Saylor's advice to convert its balance sheet to Bitcoin. Tesla disclosed a $1.5 billion Bitcoin purchase in February 2021 and made sales in 2021 and 2022, realizing a potential profit of $1.208 billion. However, based on the cash Tesla had at the end of the third quarter of 2020, it could have bought 598,934.4749 BTC, which would be worth $34,025,293,828.10 today, nearly a $20 billion profit. MicroStrategy, led by Saylor, remains one of the largest Bitcoin holders.

Portfolio Pulse from Chris Katje

February 27, 2024 | 4:47 pm

AULT

Ault Alliance shares are trading higher following the announcement of their preliminary FY23 revenue results.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:44 pm

ACHR

Archer Aviation's shares dropped following a report of worse-than-expected Q4 earnings per share (EPS).

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:39 pm

TIGO

Millicom shares surged following the announcement of Q4 sales results that exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:38 pm

DORM

Dorman Products' shares increased following the announcement of mixed Q4 financial results and the issuance of 2024 adjusted EPS guidance that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:37 pm

PYXS

Pyxis Oncology's stock is trading higher following the announcement of a $50 million private placement, involving the sale of 8,849,371 shares at $4.78 each.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:36 pm

PARA

WBD

Warner Bros. Discovery has ceased merger discussions with Paramount Global, with its shares trading near a 52-week low. Skydance Media is still considering a transaction with Paramount Global. Comcast is not interested in acquiring Paramount Global assets but is exploring a commercial partnership. Paramount Global is preparing to announce its earnings, with its shares also near a 52-week low.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:34 pm

IRBT

iRobot shares are trading lower due to the company providing weak financial guidance for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:33 pm

MSFT

QCOM

Microsoft and Qualcomm face regulatory scrutiny over their AI and acquisition endeavors, respectively. Microsoft's investment in Mistral AI and partnership with OpenAI are under the EU and UK's watch, potentially affecting its AI projects. Qualcomm's acquisition of Autotalks is being investigated by the UK's CMA and the EU, raising competition concerns. Nvidia, Intel, and their respective merger plans have also faced regulatory opposition.

Portfolio Pulse from Anusuya Lahiri

February 27, 2024 | 4:33 pm

DPZ

Domino's Pizza (DPZ) shares are trading lower following a downgrade by JP Morgan from Overweight to Neutral, despite an increase in the price target from $420 to $430.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:32 pm