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EWU

U.K. Manufacturing Production for March increased by 0.3%, surpassing the estimated decline of -0.5% and showing improvement from the 1.2% growth observed in the previous month.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 6:10 am

TONUSD

USDTUSD

The price of Toncoin (TON) has surged, attracting attention from scammers who have stolen $140,000 worth of TON tokens. An address with a criminal history swindled 22,000 TON tokens from users by tricking them into clicking phishing links promising USDT transfers. Cybersecurity firm Kaspersky also reported a sophisticated phishing operation targeting TON holders. Despite these scams, Toncoin's price has soared 185% year-to-date, supported by Telegram's backing and its growing utility within the Telegram ecosystem.

Portfolio Pulse from Aniket Verma

May 10, 2024 | 5:21 am

BBJP

DXJ

EWJ

Japan's household spending in March decreased by 1.2% year-over-year, showing an improvement over the estimated 2.3% decline and the previous month's 0.5% decrease. This data could influence investor sentiment regarding Japanese market-focused ETFs such as BBJP, DXJ, and EWJ.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 5:15 am

AAPL

AMZN

NVDA

TSLA

Jim Cramer, on CNBC's 'Mad Money', advised investors to maintain a long-term investment strategy, focusing on companies with strong fundamentals despite short-term market fluctuations. He emphasized not mimicking hedge fund trading strategies but rather investing in companies that inspire confidence over the long term. Cramer specifically mentioned NVIDIA Corp (NVDA), Apple Inc (AAPL), Amazon.com Inc (AMZN), and Tesla Inc (TSLA), praising their narratives but expressing caution about Tesla due to declining sales and estimates.

Portfolio Pulse from Benzinga Neuro

May 10, 2024 | 3:20 am

AVGO

INTC

QCOM

China's Semiconductor Manufacturing International Corp (SMIC) reported a significant drop in profit margin to a 15-year low, despite a 19.7% revenue increase in Q1 2024. The decline to 13.7% is attributed to U.S. export controls and expansion costs. SMIC anticipates further margin declines as it focuses on meeting demand from clients like Huawei. U.S. firms Intel, Broadcom, and Qualcomm continue to see significant revenue from China despite geopolitical tensions.

Portfolio Pulse from Benzinga Neuro

May 10, 2024 | 2:58 am

GOOG

GOOGL

MSFT

OpenAI, known for its ChatGPT product, is reportedly set to announce an AI-powered search product, potentially ahead of Google's I/O conference. This move could intensify the rivalry with Alphabet Inc.'s Google, which also plans to unveil AI-related products. OpenAI's search product, an extension of ChatGPT, aims to provide accurate, real-time web information. Microsoft Corporation, having invested significantly in OpenAI, previously integrated ChatGPT with Bing for paid subscribers. Google and Microsoft are enhancing their search engines with generative AI features, amidst a competitive landscape that includes other AI search initiatives.

Portfolio Pulse from Ananya Gairola

May 10, 2024 | 1:51 am

DWAC

Bruce Garelick, an investor in Trump Media, was convicted of insider trading, enabling over $22 million in illegal profits from trading on information about the merger between Digital World Acquisition Corp. (DWAC) and Trump Media & Technology Group. Garelick, who sat on DWAC's board, was found guilty in Manhattan federal court. His co-defendants, Michael and Gerald Shvartsman, previously pleaded guilty to insider trading charges related to the same case. The indictment did not implicate Trump or Trump Media & Technology Group.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 12:31 am

LFLY

Leafly Holdings (NASDAQ:LFLY) reported Q1 EPS of $(1.09), missing the $(0.81) estimate, and sales of $9.05M, missing the $9.10M estimate. This represents a 60.93% decrease in losses per share and a 19.57% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:57 pm

LEGH

Legacy Housing (NASDAQ:LEGH) reported Q1 2024 earnings of $0.60 per share, surpassing the $0.58 estimate, and sales of $43.243M, exceeding the $38.174M estimate. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:03 pm

MERC

Mercer Intl (NASDAQ:MERC) reported Q1 2024 earnings with a GAAP EPS of $(0.25), surpassing the $(0.26) estimate, and sales of $553.430M, exceeding the $508.000M estimate. This represents a significant improvement over the previous year, with a 45.65% increase in EPS and a 5.89% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:59 pm