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FFND

TSLA

Gary Black, a Tesla bull, suggests that Tesla and other EV leaders need to improve communication to convince rational pragmatists to adopt electric vehicles, similar to how Apple convinced users to switch to iPhones. Despite high interest rates, Black believes effective communication, not price cuts, is key to boosting EV adoption. Tesla's recent financial performance has been underwhelming, with missed expectations and concerns over first-quarter deliveries. Black holds Tesla in the Future Funds Active ETF (FFND) with a 5.07% weighting.

Portfolio Pulse from Shanthi Rexaline

March 04, 2024 | 7:51 am

BIVI

BioVie Inc. (NASDAQ:BIVI), a clinical-stage company focused on liver disease and neurological disorders, announced a $21M public offering at $1 per share, including 21,000,000 shares or pre-funded warrants and warrants for up to 10,500,000 shares at $1.50 each, exercisable for five years.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 7:30 am

AMZN

META

MSFT

NVDA

Dan Niles, a prominent hedge fund manager, has selected Nvidia, Meta, Microsoft, and Amazon as his top stock picks for 2024, citing their earnings potential amid AI bubble concerns. Despite negative revisions for other tech giants, these companies have seen a 50% average increase in EPS expectations since last year. Nvidia's leadership in AI chip production, Meta's investment in Nvidia, Microsoft's expansion of AI technologies, and mixed sentiment on Amazon highlight the diverse factors influencing these picks.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 7:05 am

DOGEUSD

SHIBUSD

SOLUSD

Shytoshi Kusama, a lead developer for Shiba Inu (CRYPTO: SHIB), responded cryptically to a question about which meme coin to invest in, amidst a significant rise in meme coin popularity. SHIB has seen a 180% increase in the past week, outperforming Dogecoin (CRYPTO: DOGE). Another notable mention is Dogwifhat (CRYPTO: WIF), a Solana-based coin, which has surged 335.5% this week and is labeled a 'Shiba Inu Killer'.

Portfolio Pulse from Benzinga Neuro

March 04, 2024 | 7:01 am

AVAV

GSL

LL

SE

SFIX

U.S. stock futures are trading higher, with focus on Sea Limited, AeroVironment, LL Flooring Holdings, Stitch Fix, and Global Ship Lease due to earnings reports and stock movements. Sea Limited is expected to report a quarterly loss, AeroVironment's earnings are anticipated post-market, LL Flooring reported a narrower loss, Stitch Fix is expected to report a loss, and Global Ship Lease is projected to post earnings.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 6:58 am

AVAV

CVGI

DELL

GSL

META

NVDA

SFIX

The CNN Money Fear and Greed index indicated 'Extreme Greed' in the market, with the Nasdaq hitting a new high. NVIDIA and Meta Platforms saw significant gains, while Dell Technologies surged 32% after reporting strong Q4 results and increasing its dividend. Economic data showed a decline in manufacturing PMI and consumer sentiment. The S&P 500 and Dow Jones also closed higher. Upcoming earnings from Global Ship Lease, Commercial Vehicle Group, AeroVironment, and Stitch Fix are anticipated.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 6:56 am

SCLX

SRNEQ

Scilex Holding Company (SCLX) announced that the Creditors' Committee of Sorrento Therapeutics (SRNEQ) has filed a motion with the U.S. Bankruptcy Court to extend the lockup period for the shares distributed as a dividend to Sorrento's stockholders until September 2024. These shares were initially distributed on January 19, 2023, with a lockup period set to expire on March 31, 2024. The decision by the court is pending.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 6:55 am

M

Macy's received a revised acquisition offer from Arkhouse & Brigade Capital at $24 per share, a significant premium over its recent share prices. The offer, supported by Fortress Investment Group and One Investment Management US, is under review by Macy's Board, which is open to exploring options that enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 6:46 am

DOGEUSD

SHIBUSD

SOLUSD

'BONK Killer' MILLI, a new meme cryptocurrency, surged 400% in value on the SEI blockchain, outperforming Dogecoin, Shiba Inu, and BONK. MILLI's market cap reached approximately $1 million with significant transaction volume. The MILLI team addressed market volatility concerns, aiming to restore token distribution and liquidity. MILLI also outperformed other SEI-based meme coins.

Portfolio Pulse from Mehab Qureshi

March 04, 2024 | 6:34 am

SFIX

Stitch Fix, Inc. (NASDAQ:SFIX) is anticipated to report a narrower loss of 20 cents per share for Q2 FY2024, improving from a 58 cents per share loss year-over-year. Revenue is expected at $330.86 million. The company's shares dropped 0.6% to $3.21 recently. Analysts from Telsey Advisory Group, Truist Securities, Piper Sandler, Webush, and Baird have provided various ratings and price targets, reflecting a cautious to negative outlook.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 6:30 am