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Stock Prices

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), initiated a poll on Twitter asking if Tesla should change its state of incorporation from Delaware to Texas after a Delaware judge struck down his $56 billion pay package. The judge ruled in favor of a shareholder lawsuit claiming the board breached fiduciary duties by awarding Musk the package in 2018. Musk criticized the ruling and suggested incorporating in Nevada or Texas instead. The poll showed 89.7% support for Texas incorporation. The decision can be appealed in the Delaware Supreme Court.

Portfolio Pulse from Anan Ashraf

January 31, 2024 | 3:43 am

BTCUSD

DOGEUSD

ETHUSD

FBTC

IBIT

Cryptocurrencies showed mixed performance ahead of the Federal Reserve's rate decision, with Bitcoin ETFs experiencing significant inflows, particularly from BlackRock's IBIT and Fidelity's FBTC. The Invesco Galaxy Bitcoin ETF announced a fee reduction to 0.25%. Analysts suggest Bitcoin may consolidate before a potential increase due to the upcoming halving event, while Bitcoin whales have been accumulating, indicating bullish sentiment.

Portfolio Pulse from Mehab Qureshi

January 31, 2024 | 3:04 am

AMD

AMZN

GOOGL

MSFT

TSLA

U.S. stock indices showed mixed results with the Dow Jones up, while the S&P 500 and Nasdaq fell. Microsoft's stock declined slightly despite strong Q2 earnings and its Activision Blizzard acquisition. AMD's stock dropped ahead of its Q4 earnings, with high expectations from its diverse business segments. Alphabet's shares fell even though Q4 revenue exceeded estimates, driven by Search, YouTube, and Cloud services. Amazon's stock decreased amid customer dissatisfaction over ads in Prime Video. Tesla's shares rose slightly, but a court ruling voided Elon Musk's $55-billion compensation plan, potentially affecting his net worth and stake in the company.

Portfolio Pulse from Benzinga Neuro

January 31, 2024 | 2:44 am

GOVXW

Trading for GOVXW was halted at 7:50:00 p.m. ET due to pending news. The halt is in place until the news is released, which could affect the stock's performance once trading resumes.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:50 am

GOVX

Trading on the stock of GOVX has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material news.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:50 am

MARK

MSFT

Remark Holdings Inc (MARK) experienced a significant stock price surge after announcing an $80 million partnership with Microsoft (MSFT) on social media. However, after market close, Remark clarified the details of the deal in a regulatory filing, revealing that it involved $80 million of Microsoft Azure services consumption, $2 million in Azure credits, and $0.7 million in consulting credits over five years. This clarification led to a sharp decline in Remark's stock price in after-hours trading.

Portfolio Pulse from Adam Eckert

January 31, 2024 | 12:44 am

BTCUSD

ETHUSD

SOLUSD

Ethereum (ETH) has seen an 8% increase week-over-week, with mixed analyst views on its performance against Bitcoin (BTC). While some traders expect ETH to underperform BTC, others anticipate a potential bottom for ETH/BTC due to rumors of an Ethereum ETF approval. The SEC has delayed decisions on ETF proposals from Grayscale and BlackRock's iShares Ethereum Trust. Bullish factors for Ethereum include increased staking, deflation, less availability on exchanges, and upcoming upgrades like the Dencun Upgrade. Major projects on the Ethereum network are expected to contribute to its growth, and the BTC/ETH correlation has dropped, suggesting a potential divergence in price movements. Ethereum aims to maintain its lead over Solana (SOL), which is seen as a growing competitor.

Portfolio Pulse from Khyathi Dalal

January 30, 2024 | 11:46 pm

WMT

Walmart Inc. (NYSE:WMT) has announced a 3-for-1 stock split, approved by its board, aimed at making share purchases more attainable for its employees and investors. Shareholders on record by Feb. 22 will receive two additional shares for each share held, with distribution after market close on Feb. 23. Walmart's stock will trade on a post-split basis starting Feb. 26. The move reflects the company's growth and future plans, aligning with founder Sam Walton's vision of inclusive share ownership.

Portfolio Pulse from Ryan Gustafson

January 30, 2024 | 11:09 pm

SYK

Stryker Corp (NYSE:SYK) reported Q4 adjusted earnings of $3.46 per share, surpassing estimates of $3.27 and showing a 15.33% increase from the previous year. Quarterly sales reached $5.82 billion, beating estimates of $5.60 billion and marking an 11.83% increase year-over-year. The company's adjusted operating income margin improved, and it projects 2024 organic net sales growth between 7.5% and 9.0% with adjusted EPS between $11.70 and $12.00, above the $11.56 estimate. Shares rose 3.53% to $328.00 in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 30, 2024 | 10:38 pm

TSLA

A Delaware judge voided Elon Musk's $55-billion compensation plan, which was challenged by a Tesla shareholder for lack of proper investor disclosures. Tesla's board must now propose a new compensation plan for Musk. This ruling could affect Musk's status as the world's richest person, potentially dropping his net worth and ranking. Tesla shares fell 2% in after-hours trading.

Portfolio Pulse from Chris Katje

January 30, 2024 | 10:19 pm