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CLSK

PATH

SMCI

TSLA

ULTA

The stock market had mixed results with the S&P 500 up, Nasdaq down, and the Dow Jones gaining. Super Micro Computer (SMCI) fell after announcing a public offering. CleanSpark (CLSK) dropped post-earnings report. Tesla (TSLA) declined around its Cybertruck event. UiPath (PATH) slightly fell, with focus on its Q3 earnings and AI investment. Ulta Beauty (ULTA) rose after positive Q3 earnings and sales trends.

Portfolio Pulse from Benzinga Neuro

December 01, 2023 | 3:19 am

TSLA

Tesla Inc (NASDAQ:TSLA) has delivered its first Cybertrucks, showcasing its performance and durability features, such as racing against a Porsche 911 and demonstrating bulletproof capabilities. CEO Elon Musk dismissed the notion of viral marketing, attributing the attention to the product's inherent qualities. The Cybertruck, with a starting price of $60,990, will have its cheapest version available in 2025. Musk praised the Cybertruck as Tesla's best product at the delivery event.

Portfolio Pulse from Anan Ashraf

December 01, 2023 | 3:11 am

MSTR

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, saw price increases after two key developments. Microstrategy Inc (NASDAQ:MSTR) purchased an additional 16,130 BTC, bringing their total holdings to 174,530 BTC. The SEC acknowledged Fidelity Investments' filing for a spot Ethereum ETF. Analysts predict Ethereum could reach $3,500 by Q1 2024, and the trend of self-custody for Ethereum is increasing, with exchange wallets at a 6-month low and non-exchange wallets at an all-time high.

Portfolio Pulse from Mehab Qureshi

December 01, 2023 | 2:57 am

BABA

BRK

Charlie Munger, the late vice chairman of Berkshire Hathaway, considered his investment in Alibaba Group Holding Ltd as his worst trade, stating it was over-hyped and that Jack Ma made mistakes with the Chinese government. Despite this, Munger's investment philosophy remains influential. Alibaba's stock closed slightly higher on Thursday but fell in after-hours trading.

Portfolio Pulse from Benzinga Neuro

December 01, 2023 | 2:12 am

POSAF

POSaBIT Systems Corporation, a cannabis payment solutions provider, reported increased financial performance for Q3 2023. Transactional sales rose 11% to $157.9 million, total revenue increased 32% to $13.6 million, and gross profit went up 10% to $3.2 million. However, the company faced an operating loss of $0.26 million and a net loss of $7.5 million, which included non-cash impairment and derivative liabilities. Adjusted EBITDA was $33 thousand. The company has recovered to 75% of its processed volume after a decline in PIN Debit Processing acceptance rate and is expanding its market share. POSaBIT extended its credit facility with Perga Capital and plans to list on the TSXV. Shares of POSAF surged 67.41% to $0.45.

Portfolio Pulse from Joana Scopel

December 01, 2023 | 12:42 am

GCTK

Glucotrack has been granted an additional 180-day period by Nasdaq to regain compliance with listing requirements. The company now has until May 20, 2024, to meet the standards necessary to maintain its listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 10:43 pm

LDO

UNI

Rollbit, a crypto casino and futures exchange, has a market cap of $505M and YTD revenue of $355M. It ranks third in revenue among crypto protocols, behind Uniswap and Lido. Rollbit's diverse revenue streams and token buyback program have contributed to its success, with a significant portion of RLB tokens already burned. Despite rapid revenue growth and a favorable P/S ratio, potential investors should consider risks such as the platform's anonymity and licensing in Curaçao, as well as restrictions in major markets.

Portfolio Pulse from Murtuza Merchant

November 30, 2023 | 10:31 pm

ESTC

Elastic NV (ESTC) stock surged in after-hours trading following the company's Q2 earnings report, which exceeded analyst expectations. Elastic reported earnings of 37 cents per share, surpassing the consensus estimate of 24 cents, and quarterly sales of $310.61 million, beating the estimate of $304.11 million. The company also saw an increase in subscription customers and provided positive guidance for Q3 and full-year 2024, with anticipated earnings and revenue above estimates. CEO Ash Kulkarni highlighted investments in AI and the Elastic Relevance Engine as key drivers of customer engagement.

Portfolio Pulse from Ryan Gustafson

November 30, 2023 | 10:30 pm

BITO

BTCUSD

ProShares’ Bitcoin Strategy ETF (BITO) reached a record $1.47 billion in Assets under Management (AuM), driven by increased institutional interest in Bitcoin and anticipation of spot Bitcoin ETFs in the U.S. BITO's trading volume places it in the top 5% of U.S. ETFs. The fund recovered from a low of $500 million in AuM after the FTX collapse, with a 9% increase in Bitcoin prices over the last month contributing to its growth. However, the potential approval of spot Bitcoin ETFs could increase competition for BITO.

Portfolio Pulse from Khyathi Dalal

November 30, 2023 | 10:10 pm

DELL

Dell Technologies Inc. (NYSE:DELL) reported mixed Q3 earnings with EPS of $1.88 beating estimates but revenue of $22.25 billion missing expectations. Year-over-year, earnings decreased by 18.26% and revenue by 9.99%. The Infrastructure Solutions Group saw a 12% decline in revenue, although servers and networking grew 9% sequentially. Dell's cash flow from operations was strong at $2.2 billion for the quarter and $9.9 billion over the last 12 months. The company returned $1 billion to shareholders through buybacks and dividends. After an initial drop, Dell's stock recovered slightly in after-hours trading.

Portfolio Pulse from Ryan Gustafson

November 30, 2023 | 10:06 pm