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SHIBUSD

Trader and analyst Davinci Jeremie, known for his early advocacy of Bitcoin, has now shown interest in Shiba Inu, referring to it as the 'Dogecoin Killer'. Jeremie, who famously urged investment in Bitcoin in 2013, responded affirmatively to a query about buying Shiba Inu. Despite Shiba Inu's recent price dip, analysts remain bullish, with predictions of a significant price increase based on Elliott Waves analysis.

Portfolio Pulse from Mehab Qureshi

April 02, 2024 | 11:01 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has become the largest private employer in Austin, Texas, with a workforce of 22,777, marking an 86% increase. The company's Giga Texas employees receive an average annual compensation of $47,147, or $35.75 per hour, with new hires starting at $30.14 per hour. Tesla mandates a minimum wage of $15 per hour for contract labor. This growth contrasts with the Detroit Three automakers, where post-strike agreements have led to projected top wages exceeding $42 per hour by 2028. Tesla's Texas factory, a key manufacturing hub, was developed from a derelict mining area into a sprawling facility.

Portfolio Pulse from Anan Ashraf

April 02, 2024 | 10:56 am

GLD

SPY

USO

On April 1st, U.S. stock markets ended mixed with the Dow and S&P 500 dipping due to concerns over Fed rate cuts timing, influenced by strong manufacturing data raising Treasury yields. The energy sector saw gains with rising crude oil prices, while real estate, healthcare, and utilities sectors declined. Asian and European markets were mixed, with commodities like crude oil and gold reaching new highs. U.S. futures pointed to a lower opening.

Portfolio Pulse from Akanksha Bakshi

April 02, 2024 | 10:44 am

GEV

GE Vernova has completed its spinoff from General Electric (GE) and will start trading independently on the New York Stock Exchange under the ticker symbol GEV, beginning Tuesday.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 10:41 am

BTBT

CVS

HUM

MSTR

PVH

PVH Corp. reported Q4 earnings surpassing analyst estimates with a significant year-over-year increase, but projected a revenue decrease for FY2024, causing its shares to tumble in pre-market trading. Other stocks like Fractyl Health, GCT Semiconductor, Petco Health, Humana, MicroStrategy, Bit Digital, CVS Health, and Lotus Technology also recorded losses in pre-market trading due to various factors including CMS payment updates, Bitcoin's decline, and upcoming financial reports.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 10:26 am

AAPL

GOOGL

MSFT

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