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COIN

DDOG

DKNG

PLTR

RKLB

TWST

Cathie Wood's Ark Invest made notable trades by purchasing $29M worth of Palantir (PLTR) shares and selling over $15M in Coinbase (COIN) shares. The move to buy PLTR came despite its recent dip following its Q1 financial results and softer guidance. Meanwhile, the sale of COIN shares occurred amidst a softening Bitcoin price and regulatory actions against Robinhood, a Coinbase competitor. Other trades included selling DraftKings (DKNG), buying Rocket Lab USA (RKLB), selling Twist Bioscience (TWST), and buying Datadog (DDOG).

Portfolio Pulse from Benzinga Neuro

May 08, 2024 | 3:27 am

CMCSA

DIS

Disney is enhancing its streaming service by adding an ESPN tile to Disney+ for U.S. subscribers, aiming to include select live games and studio programming by end of 2024. CEO Bob Iger also announced a shift in Marvel's content strategy to focus on quality over quantity, reducing the number of TV series and films produced annually. Additionally, Iger expressed confidence in securing a long-term NBA rights deal for ESPN. These strategic moves come as Disney's direct-to-consumer segment reaches profitability, despite moderating growth in its parks segment. Disney is also in negotiations with Comcast Corporation over Hulu's valuation.

Portfolio Pulse from Kaustubh Bagalkote

May 08, 2024 | 3:18 am

BTCUSD

DOGEUSD

ETHUSD

HOOD

The cryptocurrency market experienced further declines, with Bitcoin, Ethereum, and Dogecoin seeing significant drops amid regulatory concerns, particularly after Robinhood received a Wells Notice from the SEC. Despite this, some cryptocurrencies like AIOZ Network showed gains. The overall market sentiment remains weak, with a notable increase in long positions for Bitcoin. Meanwhile, traditional stock markets saw mixed results, and the U.S. Treasury yield slightly increased. Analysts suggest that most top market cap cryptocurrencies are in slight buy zones, with Cardano highlighted as a potential buy.

Portfolio Pulse from Aniket Verma

May 08, 2024 | 2:27 am

AAPL

Elon Musk questioned the effectiveness of Apple Inc.'s (AAPL) $30 billion R&D investment following the launch of the new iPad Air 6 and iPad Pro models. Musk's comments on X, formerly Twitter, were in response to a meme comparing the investment to the slight increase in thickness of the new iPad Pro. He suggested that Apple might be working on secret products. This discussion highlights the differences in R&D spending effectiveness between companies like Tesla, Apple, and Microsoft.

Portfolio Pulse from Ananya Gairola

May 08, 2024 | 1:52 am

IVP

Trading on IVP was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:50 pm

PAM

Pampa Energia (NYSE:PAM) reported Q1 earnings of $4.90 per share, surpassing the $1.51 estimate by 224.5%, a 91.41% increase from last year. However, sales of $401M fell short of the $441.56M estimate, a 6.96% decrease from the previous year.

Portfolio Pulse from saritha@benzinga.com

May 07, 2024 | 11:16 pm

LILAK

Liberty Latin America (NASDAQ:LILAK) reported Q1 sales of $1.10 billion, missing the consensus estimate of $1.11 billion by 0.99% and marking a 0.45% decrease from the same period last year.

Portfolio Pulse from saritha@benzinga.com

May 07, 2024 | 10:50 pm

VERI

Veritone (NASDAQ:VERI) reported Q1 2024 adjusted EPS of $(0.20), meeting analyst estimates, and sales of $31.636M, exceeding the $30.700M forecast. This represents a 23.08% improvement in EPS and a 4.54% increase in sales over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:41 pm

MEG

Montrose Environmental Gr (NYSE:MEG) reported Q1 2024 earnings of $0.16 per share, surpassing the $(0.45) estimate, with sales of $155.325M beating the $152.160M estimate. This represents a 5.88% decrease in earnings per share but an 18.18% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:37 pm

PRO

Pros Holdings (NYSE:PRO) reported Q1 2024 earnings of $0.04 per share, surpassing the $0.01 estimate, a 166.67% increase from last year's losses. Sales reached $80.688M, beating the $79.813M estimate, marking a 10.26% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:26 pm