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HUT

Hut 8 Corp. (HUT) announced strategic site closures and progress on new site energization, alongside an operations update for March 2024. The company closed its Drumheller site, relocating efficient miners to Medicine Hat and retiring inefficient ones. Significant progress was made on the Salt Creek site, expected to be energized in April. Hut 8 also transitioned site-level operating responsibilities at Kearney and Granbury to a new owner, with a termination fee expected by end of April. The company holds 9,102 Bitcoin, positioning it for growth ahead of the cryptocurrency halving.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 10:32 am

TDOC

Teladoc Health announced the immediate departure of CEO Jason Gorevic. CFO Mala Murthy has been appointed as the acting Chief Executive. This leadership change could signal a strategic shift or response to internal challenges within the company.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 10:32 am

AAPL

SSNLF

Samsung Electronics (OTC:SSNLF) forecasts a significant first-quarter operating profit increase, expecting a 931% jump from the previous year due to recovering chip prices. This contrasts with Apple Inc. (NASDAQ:AAPL), which anticipates its first revenue drop in a decade, attributed to declining iPhone sales and challenges in China. Despite positive guidance, Samsung shares fell by 1.3%, with investors awaiting further details on its high-end memory chip business. The rise in chip prices, driven by demand for AI applications, has boosted Samsung's shares by 34% over the past year.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 10:32 am

MCD

McDonald's Corporation (NYSE:MCD) is set to repurchase all its franchises in Israel from Alonyal Limited, amid ongoing Middle East tensions. This decision follows a period of challenges in the region, including a sales miss attributed to the Israel-Hamas conflict. The move aims to ensure a positive experience for employees and customers, with the transaction expected to close in the coming months.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 10:02 am

BYRN

CCCS

GBX

KRUS

MOVE

Wall Street anticipates earnings reports from The Greenbrier Companies and Byrna Technologies, while Movano Inc., Kura Sushi USA, and CCC Intelligent Solutions have made significant after-hours moves. Greenbrier and Byrna are expected to report earnings before the opening bell, with Greenbrier's shares already up 2.8% and Byrna's up 2.6% in after-hours trading. Movano reported a narrower loss, Kura Sushi a wider loss but with higher sales, and CCC Intelligent Solutions announced a secondary offering, impacting their stock prices.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 9:48 am

MDIA

RELI

STIX

Reliance Global Group, Inc. (RELI) shares fell by 11.3% in pre-market trading after reporting a net loss of $12.0 million for 2023, contrasting with a net income of $6.5 million in 2022. Other stocks showed significant movement in pre-market trading, with notable gainers including MediaCo Holding Inc. (MDIA), Nutex Health Inc. (NUTX), and 22nd Century Group, Inc. (XXII), among others. Losers included Semantix, Inc. (STIX) and HWH International Inc. (HWH), with STIX reporting a voluntary delisting from the Nasdaq Global Market.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 9:45 am

RIVN

TSLA

Ross Gerber, a Tesla investor, praised Rivian for fulfilling his R1S order, sparking a debate among Tesla fans. Despite a recent spat with Elon Musk and criticism of Tesla's board and leadership, Gerber remains invested in both Tesla and Rivian, highlighting the competitive dynamics and personal preferences within the EV sector.

Portfolio Pulse from Shanthi Rexaline

April 05, 2024 | 9:31 am

DAW

Dawkoins (CRYPTO: DAW), a meme coin inspired by Richard Dawkins, is currently trading at $0.0016 and is at a key support level, indicating potential for a 600% surge according to crypto analyst Moon. The coin, launched in tribute to Dawkins' 83rd birthday, has seen significant interest, including a humorous acknowledgment from Elon Musk. Dawkoins has already demonstrated impressive gains, with one trader turning $3,000 into $215,000.

Portfolio Pulse from Mehab Qureshi

April 05, 2024 | 9:29 am

ETN

RBC Capital analyst Deane Dray upgrades Eaton Corp (NYSE:ETN) from Sector Perform to Outperform and increases the price target from $286 to $371.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 8:46 am

F

Ford (NYSE: F) is shifting its focus from electric vehicles (EVs) to hybrid vehicles, as reported by autos reporter Michael Wayland on CNBC's 'Last Call'. Despite the EV market's growth, Ford's decision comes after observing a slowdown in demand for its EV, the Mustang Mach-E, and a strategic move to leverage its hybrid offerings. This shift reflects broader skepticism about the immediate future of EVs and suggests hybrids may play a more significant role in the transition from internal combustion engines to electric.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 7:53 am