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DIS

EMR

PTON

TEVA

UBER

The CNN Money Fear and Greed index indicated a decline in market sentiment, remaining in the 'Fear' zone. U.S. stocks were mixed, with the Dow Jones gaining for the fifth session. Walt Disney Co shares dropped 9.5% due to weak quarterly sales, while Peloton Interactive shares surged over 15% amid buyout rumors. The Logistics Manager's Index also fell. Sectors like materials, utilities, and consumer staples saw gains, contrasting with losses in consumer discretionary and information technology. The Dow Jones, S&P 500, and Nasdaq Composite showed varied performance. Upcoming earnings from Teva Pharmaceutical, Uber Technologies, and Emerson Electric are anticipated.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 7:49 am

BTCUSD

SHIBUSD

Shytoshi Kusama, Shiba Inu's lead developer, shared a cryptic 'EVITA' teaser, sparking speculation of potential investments in Argentina. This coincides with Elon Musk endorsing Argentina as a crypto-friendly destination and President Milei's advocacy for Bitcoin. SHIB saw a 3.05% decline in the last 24 hours.

Portfolio Pulse from Aniket Verma

May 08, 2024 | 7:40 am

MAX

WTM

MediaAlpha's secondary offering has been priced at $19 per share, with White Mountains Insurance Group planning to sell over 4 million shares.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 7:36 am

EMR

LYFT

RGR

TEVA

UBER

Wall Street anticipates earnings reports from Emerson Electric, Lyft, Uber, Sturm, Ruger & Company, and Teva Pharmaceutical with mixed pre-market movements. Emerson and Teva are expected to report before the bell, with Emerson's shares up 1.2% and Teva's up 0.4% after-hours. Lyft reported strong sales, leading to a 6.3% increase in shares. Uber's shares also rose by 2.9% ahead of its earnings report. However, Sturm, Ruger reported disappointing results, causing a 5% drop in its shares.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 7:31 am

AVGO

INTC

NVDA

QCOM

The U.S. Commerce Department has revoked the export licenses of Intel Corp (NASDAQ:INTC) and Qualcomm Inc. (NASDAQ:QCOM), preventing them from selling chips to Huawei Technologies. This decision, influenced by concerns over national security and technological advancements in China, follows the launch of Huawei's AI-enabled MateBook X Pro laptop, powered by Intel. The move is part of broader U.S. efforts to restrict China's access to advanced technology, impacting companies like Intel, Qualcomm, and indirectly mentioned NVIDIA Corp (NASDAQ:NVDA) and Broadcom Inc (NASDAQ:AVGO), which have significant revenue dependencies on the Chinese market.

Portfolio Pulse from Benzinga Neuro

May 08, 2024 | 7:08 am

IRS

IRSA Inversiones y (NYSE:IRS) reported a significant decrease in its quarterly earnings per share (EPS) from $0.92 last year to $(0.59) this year, marking a 164.13% decrease. However, the company's sales increased by 12.06% from $120.06 million to $134.53 million YoY.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 7:07 am

NNE

NANO Nuclear Energy has priced its IPO at $4 per share, offering 2,562,500 common shares. The stock, under the symbol 'NNE', is approved for listing on the Nasdaq Capital Market and is expected to begin trading on May 8, 2024, with the offering set to close on May 10, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 6:58 am

FSM

Fortuna Silver Mines (NYSE:FSM) reported Q1 2024 adjusted EPS of $0.09, surpassing the $0.05 estimate, an 80% increase year-over-year. However, sales of $224.9M slightly missed the $226M estimate, though marking a 28% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 6:54 am

Boeing Co's (NYSE:BA) first crewed flight test of the Starliner spacecraft to the ISS is delayed to no earlier than May 17, due to an issue with the Atlas V rocket. United Launch Alliance will replace a faulty valve, with the launch now set for 6:16 p.m. EDT, May 17. This delay follows several postponements since the spacecraft's initial uncrewed test flight was planned in 2015. Success in the upcoming test could position Boeing alongside SpaceX as a private company shuttling astronauts to the ISS for NASA.

Portfolio Pulse from Anan Ashraf

May 08, 2024 | 6:45 am

BRK

Warren Buffett, at Berkshire Hathaway's annual shareholder meeting, stated the company is unsure how to effectively use its $189 billion cash reserve due to unattractive investment options, despite the high interest rate environment. He emphasized a choosy investment strategy, highlighting past successful investments in Japan but noted the current market's lofty valuations limit opportunities. Buffett also humorously cautioned against informing the Federal Reserve about their cash strategy.

Portfolio Pulse from Shanthi Rexaline

May 08, 2024 | 6:42 am