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ARKK

COIN

HOOD

ROKU

TSLA

Ark Invest, led by Cathie Wood, has reportedly lost over $14 billion in wealth over the past decade, largely due to a 67% drop in its flagship fund, ARK Innovation ETF (ARKK), during the 2022 bear market. Despite these losses, Ark Invest continues to manage over $13 billion in assets. The firm's top holdings, including Coinbase (COIN), Tesla (TSLA), Roku (ROKU), and Zoom (ZM), have faced challenges in 2024. However, Ark Invest has made significant purchases in Tesla and Robinhood (HOOD) shares, indicating confidence in these companies.

Portfolio Pulse from Benzinga Neuro

February 07, 2024 | 2:17 am

TSLA

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, expressed concerns about Tesla Inc's (NASDAQ:TSLA) leadership and board, citing Elon Musk's alleged drug use and party culture as distractions for investors. These issues, according to Gerber, overshadow deeper execution problems at Tesla, such as underperforming stock and the need to deliver on promised initiatives. Despite Musk's denial of the allegations, Gerber believes these distractions could deter institutional investors and impact the company's progress.

Portfolio Pulse from Benzinga Neuro

February 07, 2024 | 1:55 am

TSLA

Tesla Inc (NASDAQ:TSLA) reported a sales rebound in China for February, with 1.81 million units delivered in 2023, surpassing analyst estimates. The company saw a 22.6% year-over-year increase in insurance registrations for the week of Jan. 29 through Feb. 4, 2024, and an 8.2% increase in units sold in January year-over-year. Tesla has introduced new sales initiatives in China, facing stiff competition from other EV makers. TSLA shares were up 2.23% at market close on Tuesday.

Portfolio Pulse from Chris Katje

February 07, 2024 | 12:27 am

AYX

Alteryx (NYSE:AYX) reported Q4 adjusted EPS of $1.70, surpassing the $1.16 estimate, and sales of $351.00M, exceeding the $337.61M estimate. This represents a 102.38% increase in earnings and a 16.58% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:14 am

DIS

FOX

WBD

Disney, Warner Bros. Discovery, and Fox Corp have announced a joint venture to launch a new sports streaming service in the fall. The service will include a wide range of channels and the option to bundle with Disney+, Hulu, and Max. The venture aims to innovate the streaming sports platform, offering more choice and value to consumers. The service's name and price will be disclosed upon finalizing definitive agreements. Shares of Fox Corp and Warner Bros. Discovery rose over 3% after the announcement, while Disney shares fell about 1%.

Portfolio Pulse from Adam Eckert

February 06, 2024 | 11:20 pm

SIMO

Silicon Motion Technology (NASDAQ:SIMO) reported Q4 adjusted EPS of $0.93, surpassing the $0.76 estimate, with sales of $202.38M also beating the $196.52M estimate. However, both earnings and sales saw a decrease from the previous year.

Portfolio Pulse from mahesh@benzinga.com

February 06, 2024 | 11:05 pm

DIS

TSLA

Tesla Inc's CEO Elon Musk is supporting actress Gina Carano in her lawsuit against The Walt Disney Company and Lucasfilm after her firing from 'The Mandalorian' series. Carano's lawsuit, inspired by Musk's offer to fund legal representation for those fired over Twitter posts, comes ahead of Disney's Q1 earnings report and amidst an activist shareholder battle and issues with Florida Gov. Ron DeSantis. Musk has publicly encouraged joining the lawsuit against Disney, which has not commented on the matter.

Portfolio Pulse from Chris Katje

February 06, 2024 | 10:55 pm

ABNB

BKNG

EXPE

TRIP

Oppenheimer released an update on the U.S. short-term-rental market, highlighting an improving outlook. Expedia (EXPE) is their top pick with an Outperform rating and a $175 price target. Airbnb (ABNB) received a Perform rating due to mixed sentiment. Booking Holdings (BKNG) also received an Outperform rating with a price target raised to $4,200. TripAdvisor (TRIP) was maintained with a Perform rating, with a focus on profit growth in its core segment. Upcoming earnings reports could impact these stocks.

Portfolio Pulse from Erica Kollmann

February 06, 2024 | 10:45 pm

YUMC

Yum China Holdings, Inc. (NYSE:YUMC) reported Q4 earnings surpassing analyst expectations with adjusted earnings of 25 cents per share and sales of $2.49 billion. The company raised its dividend from 13 to 16 cents and announced a $1.25 billion stock buy-back program for 2024. Yum China, operating major brands like KFC and Taco Bell in China, highlighted a 21% system sales growth in 2023. Shares surged 17.79% after-hours to $44.10.

Portfolio Pulse from Erica Kollmann

February 06, 2024 | 10:34 pm

During a conference call, Ford's CEO announced that the company's next generation vehicles are expected to be profitable within the first 12 months of their launch. This statement underscores Ford's confidence in the profitability and market acceptance of its upcoming vehicle lineup.

Portfolio Pulse from Charles Gross

February 06, 2024 | 10:31 pm