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TSLA

Tesla Inc (NASDAQ:TSLA) reported an unexpected $1.79 billion in revenue from regulatory-credit sales in 2023, according to a recent SEC filing. This revenue, stemming from other automakers' failure to meet emission regulations, was not anticipated to grow, as per Tesla's expectations. Despite facing increasing competition, particularly from China's BYD Co. Ltd. (OTC:BYDDF), which has overtaken Tesla as the world's leading EV seller, Tesla continues to benefit from this revenue stream. The company's Q4 revenue was $25.17 billion, a 3% increase year-over-year, but missed the Street consensus estimate of $25.62 billion.

Portfolio Pulse from Benzinga Neuro

February 13, 2024 | 1:41 am

BTCUSD

Peter Schiff, a critic of Bitcoin, has expressed concerns over a potential pump-and-dump scenario in the cryptocurrency market, particularly targeting the recent surge in Bitcoin's value and the hype around newly listed Bitcoin ETFs. Schiff's skepticism is tied to the timing of a four-day conference spanning from Super Bowl Sunday to Valentine's Day, suggesting that the market's exuberance could lead to a 'massacre'. Bitcoin's value recently surpassed $50,000, attributed to strong inflows into spot Bitcoin ETFs like the Blackrock iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund, which collectively reached $3 billion in AUM within 30 days.

Portfolio Pulse from Benzinga Neuro

February 13, 2024 | 1:03 am

PARA

PDD

Temu, owned by PDD Holdings Inc (NASDAQ:PDD), aired its 'Shop Like a Billionaire' commercial multiple times during Super Bowl LVIII, drawing both attention and criticism. The ad, criticized for its repetitiveness and ties to China, still led to increased searches and app downloads for Temu. Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA), which aired the Super Bowl, benefits from rising ad rates. Despite backlash, Temu's app downloads surged, mirroring last year's post-Super Bowl boost. PDD Holdings' stock rose 3% following the event.

Portfolio Pulse from Chris Katje

February 12, 2024 | 11:50 pm

OTTR

Otter Tail Corporation has projected its 2024 earnings per share (EPS) to be in the range of $5.13-$5.43, significantly surpassing the estimated $4.08.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 11:05 pm

OTTR

Otter Tail Corporation (OTTR) reported Q4 earnings of $1.37 per share, surpassing the consensus estimate of $1.25 by 9.6%. Year-over-year, this represents a 37% increase from $1.00 per share. However, Q4 sales of $314.31 million fell short of the $319.48 million estimate by 1.62%, though they were up 4.28% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 11:02 pm

DIS

The Disney Board has issued a letter to its shareholders, highlighting the company's strong performance and its dedication to enhancing long-term shareholder value. This move is indicative of Disney's proactive approach to communication with its investors and its focus on sustaining growth and profitability.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 10:47 pm

SBLK

Star Bulk Carriers (NASDAQ:SBLK) reported Q4 adjusted earnings of $0.73 per share, meeting analyst estimates, and sales of $263.46M, exceeding estimates of $203.01M. This represents an 18.89% decrease in earnings and a 10.63% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 10:33 pm

DKNG

EA

The Madden 24 video game from Electronic Arts Inc (NASDAQ:EA) accurately predicted the Kansas City Chiefs' Super Bowl LVIII win and Patrick Mahomes as MVP. Bettors following the simulation could have seen significant profits, with the Chiefs at +600 to win and Mahomes at +125 for MVP. DraftKings Inc (NASDAQ:DKNG) was mentioned in relation to sports betting outcomes based on the simulation.

Portfolio Pulse from Chris Katje

February 12, 2024 | 10:11 pm

HPP

Hudson Pacific Properties (NYSE:HPP) reported a Q4 FFO Per Share Excluding Specified Items of $0.14, missing the $0.15 estimate, and sales of $223.42M, missing the $223.93M estimate. This represents a 71.43% decrease in FFO per share and a 17.23% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 10:03 pm

CGC

CRLBF

GTBIF

Piper Sandler's analyst Michael S. Lavery assigned Canopy Growth Corporation (CGC) an 'Underweight' rating, citing financial pressures and strategic challenges despite revenue outperformance in Q3 2024. CGC's focus on the Canadian cannabis market and strategic divestitures, like This Works, aim to stabilize finances. However, the Canopy USA deal's strategic benefits remain uncertain, facing competition from MSOs like Green Thumb Industries, Cresco Labs, and Curaleaf Holdings. Piper Sandler adjusted CGC's fiscal 2024 sales estimate downwards with a new price target of US$3.00.

Portfolio Pulse from Nicolás Jose Rodriguez

February 12, 2024 | 10:02 pm