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Apple Inc. has introduced a new AI model named ReALM, surpassing OpenAI's GPT-4 in efficiency and performance. ReALM, being lighter and faster, is poised to enhance Apple's virtual assistant, Siri, and contribute to the company's AI strategy. This development comes as Apple prepares to reveal its AI initiatives at WWDC 2024, with expectations of incorporating smaller on-device models for privacy and security. Apple's strategic AI advancements, including the acquisition of DarwinAI and potential licensing of Google's Gemini AI models, underscore its commitment to leading in AI technology.

Portfolio Pulse from Rounak Jain

April 02, 2024 | 10:10 am

STNE

Banco Bradesco BBI S.A analyst Otavio Tanganelli has upgraded StoneCo (NASDAQ:STNE) from Neutral to Outperform, setting a price target of $23.

Portfolio Pulse from richadhand@benzinga.com

April 02, 2024 | 9:32 am

UAL

Jim Cramer, on 'Mad Money,' advised United Airlines Holdings Inc (NASDAQ:UAL) shareholders to sell their shares to profit from the stock's recent rise. This advice comes amid United Airlines facing aircraft delivery delays from Boeing and experiencing unusual options activity with bullish sentiment from big-money investors. UAL stock closed 1.11% lower at $47.35 but has risen 13.77% in the past 6 months.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 9:16 am

FXI

TSLA

Tesla reported a 0.2% year-over-year increase in sales of China-made electric vehicles in March, with a total of 89,064 units sold, according to Reuters citing China Passenger Car Association data.

Portfolio Pulse from Charles Gross

April 02, 2024 | 9:15 am

AAPL

Apple Inc. (NASDAQ:AAPL) is at risk of reporting its first revenue and earnings per share (EPS) decline in a decade during the March 2024 quarter, primarily due to a significant drop in iPhone sales in China. Loop Capital analyst Ananda Baruah has lowered Apple's stock target price to $170 from $180, maintaining a 'Hold' rating. The decline in sales is attributed to a 30% year-over-year decrease in iPhone sales in China, amidst a 7% overall decline in the country's smartphone sales. Despite these challenges, upcoming AI developments and the Vision Pro headset sales could potentially boost Apple's stock.

Portfolio Pulse from Rounak Jain

April 02, 2024 | 8:26 am

CALM

CURV

DOMA

PAYX

PLAY

U.S. stocks closed mostly lower with the Dow Jones falling over 200 points despite an improvement in the CNN Money Fear and Greed index, which remained in the 'Greed' zone. Inflation rates and personal spending rose, while U.S. construction spending fell. Torrid Holdings and Doma Holdings saw significant movements with Doma entering a merger to go private. Most S&P 500 sectors closed lower except for communication services and energy. Investors await earnings from Cal-Maine Foods, Dave & Buster's, and Paychex.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 8:19 am

ANGH

Anghami and OSN+ have successfully closed a milestone transaction, with OSN Group acquiring a majority stake in Anghami at a valuation of $3.69 per share. The deal has received all necessary regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:14 am

PLTR

Jim Cramer expressed his bullish stance on Palantir Technologies Inc. (NYSE:PLTR), praising its recent performance and strong presence in the IT defense sector. He highlighted the company's good earnings and its dominance in IT defense, following a lucrative contract with the Defense Information Systems Agency (DISA). Additionally, an analyst from Mizuho maintained a Neutral stance on Palantir but raised the price target from $18 to $21, citing prospects in AI expansion after a $178 million deal with the Army. Palantir's stock closed at $22.86, with a 52-week range of $7.28 to $27.50.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 8:13 am

F

Ford Motor Co (NYSE:F) significantly increased Mustang Mach-E sales by slashing prices in February, with sales jumping from 300 units weekly to over 1,800. The price cuts, ranging between $3,100 and $8,100, lowered the starting price to $39,895, boosting Mach-E's market share in the EV space from 5.2% to 13.3%. However, Ford anticipates its EV business segment, Model-e, to report widened losses of $5 billion to $5.5 billion this year due to pricing pressure and investment in new vehicles. Cloud Theory warns that despite the temporary sales boost, the EV industry faces future uncertainties including demand hesitations and profitability challenges.

Portfolio Pulse from Anan Ashraf

April 02, 2024 | 8:12 am

DOGE

SOL

Anatoly Yakovenko, CEO of Solana, announced a fictitious cryptocurrency named 'BunkerCoin' as an April Fool's joke, which led to the creation of a real token on the Solana blockchain, soaring 4000% in value within 24 hours. Despite being a prank, the event highlights the volatility and risk of new cryptocurrencies. Meanwhile, Dogecoin's price rose 6.56% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

April 02, 2024 | 7:58 am