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TSLA

Economist Peter Schiff criticized Tesla's investment in Bitcoin, predicting financial losses for the company. Despite Tesla's Bitcoin holdings remaining unchanged in the second quarter and showing an unrealized gain, Schiff argued that using Bitcoin as a treasury asset is a mistake.

Portfolio Pulse from Aniket Verma

August 01, 2024 | 3:50 am

META

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg expressed satisfaction with Facebook's progress among young adults, contradicting the public narrative. During Meta's Q2 earnings call, Zuckerberg highlighted the growth of Meta’s user base to over 3.2 billion daily users and the success of WhatsApp, Facebook, Instagram, and Threads in the U.S. Meta reported revenue of $39.07 billion, surpassing analyst estimates. Meta shares jumped 7.17% in after-hours trading.

Portfolio Pulse from Ananya Gairola

August 01, 2024 | 3:49 am

META

Gary Black, managing partner of Future Fund, praised Meta Platforms Inc. (NASDAQ:META) for its strong Q2 performance and the leadership of CEO Mark Zuckerberg. Meta's stock surged in after-hours trading, reflecting a 41% YTD increase and a 220% rise over two years. The company reported a revenue of $39.07 billion and an adjusted EPS of $5.16, both surpassing estimates. Despite facing criticism for certain issues, Meta continues to integrate AI into its products.

Portfolio Pulse from Benzinga Neuro

August 01, 2024 | 3:35 am

ARM

META

NVDA

QCOM

TSLA

On Wednesday, major U.S. indices closed positively, with the Dow Jones, S&P 500, and Nasdaq all experiencing gains. Federal Reserve Chair Jerome Powell hinted at a potential rate cut in September. Key stocks on investors' radars included Meta Platforms, Nvidia, Arm Holdings, Qualcomm, and Tesla, all of which saw significant price movements due to strong earnings reports and other notable events.

Portfolio Pulse from Benzinga Neuro

August 01, 2024 | 3:16 am

AMD

COIN

PINS

Cathie Wood-led Ark Invest made significant trades in AMD, Pinterest, and Coinbase. Ark purchased $47.5M in AMD shares and $12.7M in Pinterest shares, while reducing its Coinbase exposure by $2.7M amid a Bitcoin drop. Other trades included buying Guardant Health and Intellia Therapeutics, and selling Zoom, Teladoc, and Veracyte shares.

Portfolio Pulse from Benzinga Neuro

August 01, 2024 | 2:53 am

BTCUSD

DOGEUSD

ETHUSD

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced sharp declines amid escalating geopolitical tensions between Iran and Israel. Bitcoin's price dropped significantly, causing a ripple effect on other major altcoins. The market sentiment shifted from 'Greed' to 'Neutral,' and significant liquidations occurred. In contrast, US stock indices surged following dovish comments from Federal Reserve Chair Jerome Powell.

Portfolio Pulse from Aniket Verma

August 01, 2024 | 2:42 am

META

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg announced that the company's Llama 3.1 model has better cost performance than OpenAI's ChatGPT. He emphasized the benefits of open-source AI, predicting it will become the industry standard. Meta reported strong Q2 earnings, with revenue and adjusted earnings surpassing analyst expectations. Meta shares surged by 7.17% in after-hours trading.

Portfolio Pulse from Ananya Gairola

August 01, 2024 | 2:03 am

FOX

FOXA

NXST

NYT

Jim Cramer on CNBC's 'Mad Money' highlighted Fox Corporation, The New York Times Company, and Nexstar Media Group as potential winners in the media sector due to the upcoming presidential election. Increased viewership and political ad spending are expected to boost their revenues.

Portfolio Pulse from Benzinga Neuro

August 01, 2024 | 1:59 am

EVOK

Trading for EVOK was halted at 7:50:00 p.m. ET due to pending news.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:50 pm

QQQY

Trading has been halted for an unspecified reason at 7:50:00 p.m. ET, with news pending. The halt affects QQQY.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:50 pm