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FXI

China's Manufacturing Purchasing Managers Index (PMI) for February was reported at 49.1, aligning with estimates but slightly below the prior month's figure of 49.2. This indicates a continued contraction in the manufacturing sector.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 5:34 am

DIS

FOX

FUBO

WBD

fuboTV Inc. (NYSE:FUBO) is anticipated to report a narrower Q4 loss before the opening bell on March 1, 2024, with analysts expecting a loss of 31 cents per share compared to last year's 76 cents. Revenue is projected at $397.66 million, up from $319.31 million. Additionally, fuboTV has filed a lawsuit to prevent Fox Corp (NASDAQ:FOX), Walt Disney Co (NYSE:DIS), and Warner Bros. Discovery Inc (NASDAQ:WBD) from launching a joint venture sport-streaming platform. fuboTV shares rose 1.5% to $2.07 recently.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 4:41 am

PSNY

RIVN

TSLA

VLVCY

Tesla Inc (NASDAQ:TSLA) announced it will open its supercharger network in North America to Rivian Automotive (NASDAQ:RIVN), General Motors (NYSE:GM), Volvo Car (OTCPK: VLVCY), and Polestar Automotive (NASDAQ:PSNY) starting spring this year. This expansion follows Tesla's inclusion of Ford Motor Co vehicles. The network, comprising three out of every four fast chargers in the region, will initially require an adapter for non-Tesla vehicles, with plans to adopt Tesla's charging standard in the future. Non-Tesla vehicle owners can access charging at Tesla rates through a supercharging membership.

Portfolio Pulse from Anan Ashraf

March 01, 2024 | 4:04 am

IBIT

Major cryptocurrencies showed mixed performance, with Bitcoin and Ethereum pausing after significant gains in February. Bitcoin ETFs, particularly BlackRock's IBIT, saw continued high trading volumes. The Nasdaq Composite and S&P 500 rose, reflecting positive market sentiment. Crypto mining companies experienced declines. Analysts predict potential pullbacks for Bitcoin but remain bullish on Ethereum and altcoins. Technical indicators suggest caution for short-term Bitcoin traders.

Portfolio Pulse from Mehab Qureshi

March 01, 2024 | 3:20 am

DIA

QQQ

SPY

Ray Dalio, former co-chief investment officer of Bridgewater Associates, shared his analysis on LinkedIn, stating the U.S. stock market is not in a bubble. He used several indicators to reach this conclusion, placing the market in the mid-range (52nd percentile) and not exhibiting typical bubble characteristics. Dalio also mentioned the 'Magnificent 7' stocks as slightly frothy but not in a bubble. Despite this, he warned of a potential significant correction, especially if generative AI doesn't meet expectations. Meanwhile, the SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average (DIA), and Invesco QQQ Trust (QQQ) have shown positive performance this year.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 2:18 am

CRM

SNOW

Jim Cramer attributed Thursday's market rally, where the Nasdaq Composite hit a record high since 2021, to the strength of the tech sector and new inflation data. He highlighted the role of AI and the January personal consumption expenditure price index in this surge. Despite concerns over AI's momentum, exemplified by Snowflake's stock drop, Salesforce's positive forecast led to a rise in tech stocks. Cramer advised investors to look beyond the 'Magnificent Seven' tech stocks for high-yield investments.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 1:39 am

RETO

Trading for RETO was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:50 am

EGIO

Trading for EGIO was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:50 am

VRPX

Trading for VRPX was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:50 am

CJJD

Trading for CJJD was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 12:50 am