Streetbeat News

Stock Prices

LI

Li Auto Inc (NASDAQ:LI) reported a slight year-over-year increase in vehicle deliveries for April 2024, with 25,787 vehicles, marking an 11% decrease from March. The company's first-quarter deliveries saw a significant rise of 52.9% Y/Y to 80,400. Cumulative deliveries reached 739,551. The introduction of the Li L6 model, priced under RMB300,000, is expected to boost sales, with large-scale deliveries starting in May. Li Auto also announced a 5% price cut on several models and plans to offer cash refunds to early 2024 buyers of these models. Additionally, complimentary charging services will be provided during the May Day holiday. The company has expanded its retail and service network, with 386 super charging stations now operational. Despite these developments, LI shares dropped 1.26% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 9:20 am

BTCUSD

DOGEUSD

Influential crypto trader Kevin predicts a major support zone for Dogecoin (DOGE) amidst a turbulent crypto market, highlighting a crucial level between $0.125 and $0.13. Despite a recent 18.8% drop over seven days and a 38% loss over 30 days, Dogecoin has gained over 47% since the year began. Kevin emphasizes the importance of maintaining this support zone for Dogecoin's bullish outlook, especially given its performance against Bitcoin (BTC) and its position above bull market trending averages.

Portfolio Pulse from Benzinga Neuro

May 01, 2024 | 9:04 am

XPEV

XPENG reported a 33% year-over-year increase in vehicle deliveries for April 2024, totaling 9,393 vehicles.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:03 am

AMZN

Tesla CEO Elon Musk expressed astonishment at Amazon Web Services' (AWS) revenue growth, highlighting that its trailing 12-month revenue of $94.4 billion exceeds that of 466 S&P 500 companies. Amazon CEO Andy Jassy announced AWS has surpassed a $100 billion revenue run rate in Q1 2024, with AWS revenue increasing 17% year-on-year to $25 billion. Amazon's shares rose 2% in premarket trading following the announcement.

Portfolio Pulse from Rounak Jain

May 01, 2024 | 9:02 am

TSLA

Tesla Inc.'s stock could see a significant rise if its Full Self-Driving (FSD) software rollout in China is successful, according to Future Fund's Gary Black. The potential increase in Tesla's valuation hinges on whether Tesla sells FSD solely on its vehicles or also secures licensing deals with other Chinese EV makers, and the adoption rate of FSD among Tesla owners in China. Black estimates a 10% adoption rate could add 4 cents to EPS, potentially reaching 48 cents per share if the adoption rate hits 30%, translating to an incremental valuation of up to $24 per share. However, competition from Baidu's Apollo Go and regulatory challenges could impact Tesla's success in the Chinese market. Analyst opinions on the potential impact of FSD in China vary, with some projecting significant revenue and earnings growth for Tesla.

Portfolio Pulse from Shanthi Rexaline

May 01, 2024 | 8:42 am

SPY

Carson Block, founder of Muddy Waters Research, shared insights on identifying corporate frauds in an interview, highlighting behavioral signs and related party transactions as red flags. Block's journey from investment banking to founding Muddy Waters, which specializes in short-selling based on in-depth fraud analysis, was detailed. The firm's approach avoids metric-based screens for its unique behavioral focus. Muddy Waters' notable short bet on Blackstone Mortgage Trust and its thematic approach to short-selling were also discussed. The SPDR S&P 500 ETF Trust (SPY) was mentioned with its recent performance.

Portfolio Pulse from Shanthi Rexaline

May 01, 2024 | 8:23 am

GSK

GSK reported Q1 adjusted earnings of $1.09 per share, surpassing the $0.91 estimate, a 21.44% increase from last year. Sales reached $9.33B, beating the $8.92B estimate, marking a 10.55% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:52 am

AMZN

LEG

MA

PFE

YUM

U.S. stock futures traded lower with focus on earnings reports from Pfizer, Leggett & Platt, Yum! Brands, Amazon, and Mastercard. Pfizer is expected to report earnings of 54 cents per share, while Leggett & Platt posted weaker-than-expected Q1 results. Yum! Brands is anticipated to report earnings of $1.20 per share. Amazon reported strong Q1 results but forecasted weak Q2 sales. Mastercard is expected to report earnings of $3.24 per share.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 7:42 am

LI

Li Auto Inc. reported a 0.4% year-over-year increase in vehicle deliveries for April 2024, totaling 25,787 vehicles. Cumulative deliveries reached 739,551 by the end of April 2024.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 6:19 am

EEFT

Euronet Worldwide (NASDAQ:EEFT) reported Q1 2024 adjusted EPS of $1.28, surpassing the $1.04 estimate, and sales of $857M, exceeding the $845.578M estimate. This represents a 47.13% increase in EPS and an 8.87% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 5:15 am