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MMI

Marcus & Millichap (MMI) remains optimistic about its long-term growth prospects despite current market challenges, including ongoing price discovery and wider bid/ask spreads. The company anticipates overcoming these near-term obstacles by the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:13 am

MSTR

MicroStrategy Inc (NASDAQ:MSTR), the largest corporate holder of Bitcoin, is on the path to potentially join the S&P 500 index. If included, this could significantly expose Bitcoin to a wide range of investment portfolios, including traditional 401k and pension funds. The company's market cap and profitability are approaching the eligibility criteria for the S&P 500, but inclusion is not guaranteed and depends on the U.S. Index Committee's approval. MicroStrategy's investment in Bitcoin has been profitable, with the company holding around 190,000 BTC.

Portfolio Pulse from Mehab Qureshi

February 16, 2024 | 11:00 am

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) teased the launch of its new electric-vehicle platform, R2, with a video emphasizing adventure. The global unveiling is set for March 7, with reservations opening during the event for a $100 deposit. The R2 aims to offer a compact design and lower price, targeting the midsize SUV market. Rivian's stock rose 1.41% in premarket trading following the announcement.

Portfolio Pulse from Shanthi Rexaline

February 16, 2024 | 10:18 am

AAPL

Apple Inc.'s iPhone sales in China have continued to decline in 2024 despite offering rare discounts. Analyst Ming-Chi Kuo reported that sales dropped year-on-year through the Chinese Lunar New Year. The decline is attributed to stiff competition from Huawei and a ban on iPhones by Chinese government officials. The Chinese government's advisory on 'security incidents' before the iPhone 15 launch and the expansion of the iPhone ban to more state firms and provinces have exacerbated the situation.

Portfolio Pulse from Rounak Jain

February 16, 2024 | 10:15 am

E

Eni (NYSE:E) reported a decrease in Q4 earnings per share to $1.05 from $1.51 YoY, and a sales decline to $26.50B from $31.90B YoY, indicating a 30.13% decrease in EPS and a 16.91% decrease in sales.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 9:56 am

DASH

DBX

ROKU

YELP

Yelp Inc. reported mixed Q4 results, missing earnings estimates but beating sales forecasts, and announced a $500 million share repurchase program. This news, along with other companies reporting financial results, led to significant pre-market trading movements. Companies like Roku, Dropbox, and DoorDash also moved lower after reporting their financial outcomes.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 9:54 am

AMZN

GOOGL

MSFT

NVDA

Stanley Druckenmiller's Duquesne Family Office has sold its stakes in Alphabet Inc (GOOGL, GOOG) and Amazon.com Inc (AMZN), while increasing investments in Microsoft Corp (MSFT) and NVIDIA Corp (NVDA), focusing on AI technology. The firm increased its Microsoft stake by 6.7% and reduced Nvidia exposure by 29%, but acquired Nvidia call options worth over $242 million. Druckenmiller's bullish stance on AI has been consistent, with significant investments in Microsoft and Nvidia due to their AI initiatives. Nvidia's stock has surged nearly 90% in eight months, and Microsoft's recent earnings exceeded expectations, partly due to its AI integration.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 9:41 am

BTCUSD

DOGEUSD

Billy Markus, co-founder of Dogecoin, revealed his Bitcoin holdings are less than $350, specifically around 0.006 BTC or $311.21. Despite his minimal investment in Bitcoin, Markus has been a significant figure in the crypto world, having sold all his crypto assets in 2015 for the price of a used Honda Civic. Dogecoin, created as a humorous take on the proliferation of altcoins, has gained popularity, partly due to Elon Musk's support. However, Ripple Labs CEO Brad Garlinghouse expressed skepticism about Dogecoin's utility at the World Economic Forum.

Portfolio Pulse from Mehab Qureshi

February 16, 2024 | 9:30 am

AAPL

META

Meta Platforms Inc. (META) CEO Mark Zuckerberg and CTO Andrew Bosworth criticized Apple Inc.'s (AAPL) Vision Pro, highlighting its weight and poor weight distribution. Despite acknowledging the Vision Pro's high resolution and low latency, they emphasized Meta's Quest 3 as the superior product in terms of value and overall experience. The Vision Pro, priced at $3,500, has seen returns from users citing discomfort and questioning its value, while the Quest 3 is priced at $499.

Portfolio Pulse from Ananya Gairola

February 16, 2024 | 9:23 am

TSM

Taiwan Semiconductor Manufacturing Co Ltd (TSM) experienced a significant surge in its market value, adding $42 billion on Thursday, driven by optimism about artificial intelligence (AI). This increase pushed TSM's market value to $575 billion, nearing the top 10 most valuable companies globally. The surge is attributed to TSMC's role as a crucial supplier for AI processors, particularly for Nvidia, and optimism surrounding AI's future growth. Despite concerns of being overbought, analysts remain bullish, with Morgan Stanley raising its target price for TSMC.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 9:17 am