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TSLA

Tesla CEO Elon Musk explained the company's strategy of cutting prices in the EV market, attributing it to their direct sales model which allows them to react quickly to market sentiment. Tesla started reducing prices across its key markets at the beginning of the year, leading to a price war among EV makers. Despite intermittent price increases, Tesla's vehicles remain cheaper than before the price cuts began.

Portfolio Pulse from Anan Ashraf

November 08, 2023 | 4:17 am

BTCUSD

ETHUSD

MATICUSD

Former President Donald Trump's net worth has surged to $3.1 billion, up from $2.6 billion in 2021, according to the Bloomberg Billionaires Index. This increase is attributed to the recent rally in Bitcoin's price and the resilience of Trump's real estate businesses. Trump's cryptocurrency holdings, including ETH, WETH, TRUMP, MATIC, and DUBBZ, have seen a substantial surge of over $15,000 in the past 24 hours.

Portfolio Pulse from Mehab Qureshi

November 08, 2023 | 3:41 am

AMC

HOOD

OXY

RIVN

TSLA

U.S. stocks showed a positive trend with the Nasdaq Composite climbing approximately 1% on Tuesday. The top stocks that gained the attention of retail traders and investors throughout the day were Rivian Automotive, Robinhood Markets, AMC Entertainment Holdings, Occidental Petroleum, and Tesla. Rivian and Robinhood saw an increase in their stock prices, while AMC and Occidental Petroleum experienced a decrease. Tesla's stock edged up slightly.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 3:07 am

BTCUSD

DOGEUSD

ETHUSD

The overall value of the cryptocurrency market capitalization reached a 16-month high, surpassing $1.31 trillion, due to a surge in altcoin rally and positive sentiment in traditional markets. Bitcoin futures Open Interest crossed the $15 billion milestone for the first time since May 2022. Analysts predict that the BlackRock Bitcoin Spot ETF, backed 1:1 by real BTC, will push Bitcoin above $100,000 almost instantly.

Portfolio Pulse from Mehab Qureshi

November 08, 2023 | 2:44 am

AAPL

Apple Inc. has temporarily halted the development of its software updates, including iOS 18, to focus on debugging and performance enhancement. The decision comes in response to a spike in early version bugs. Despite the pause, Apple plans to maintain its regular release schedule. The company is also navigating a complex landscape of high expectations and market pressures, with its shares trading at a significant premium compared to their 10-year average.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 2:32 am

BNTX

Economist Mohamed El-Erian highlighted the recent downturn in yields and oil prices, suggesting it could be beneficial for the economy and most financial asset classes, but warned of potential economic slowdown. U.S. crude oil prices fell below $78, the lowest since July, and U.S. Treasury yields have also seen a decline. The World Bank has warned that Middle East tensions could escalate oil prices, potentially reaching as high as $157 per barrel.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 1:52 am

HCKT

The Hackett Group has provided its Q4 2023 business outlook, estimating total revenue before reimbursements to be between $69.0 million and $70.4 million, and adjusted diluted earnings per share to be between $0.36 and $0.38. These estimates are lower than the previous estimates of $73.29 million revenue and $0.39 EPS.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:42 am

BMBL

Bumble has revised its Q4 2023 revenue forecast to $272M-$278M, lower than the estimated $286.56M. This includes a $6M lower foreign currency benefit and a $1M unfavorable impact from the Middle East crisis, primarily affecting Bumble App Revenue. Adjusted EBITDA is expected to be between $72M-$75M. The actual results may differ significantly due to various factors.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:30 am

BLND

Blend Labs has provided its Q4 2023 guidance, expecting Blend Platform Revenue to be between $25M-$30M, Title Revenue between $9.5M-$10.5M, and Consolidated Revenue between $34.5M-$40.5M. This is lower than the estimated $40.19M. The company anticipates a 5% YoY decline in mortgage volumes from 4Q22 to 4Q23. Economic conditions and levels of real estate and mortgage activity remain uncertain.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:28 am

NHI

National Health Investors (NHI) has provided its FY23 guidance, expecting NFFO per diluted common share to be between $4.28 and $4.31. The guidance is based on several assumptions including continued rent concessions, asset dispositions, loan repayments, fulfillment of existing commitments, and collection of deferred rents. The company does not anticipate any incremental benefit from unidentified acquisitions.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:15 am