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SHIBUSD

Shiba Inu (SHIB) experienced a significant increase in burn rate by 2,212%, with a notable transaction burning 1.8 million SHIB. Additionally, 3 trillion SHIB tokens were moved in a transaction on Robinhood, likely for security and asset management purposes. Tangem wallet now supports SHIB payments, and SHIB's price rose by 3.2% over the past 24 hours, with a 24.7% increase over the week. The trading volume for SHIB surged by 32%, and its Q1 performance showed a 416% increase in trading volume and a 178% rise in trader numbers. Shiba Inu also announced a $12 million capital raise for its Layer 3 network enhancement.

Portfolio Pulse from Khyathi Dalal

April 24, 2024 | 12:43 pm

ENPH

Enphase Energy Inc (NASDAQ:ENPH) shares fell after reporting Q1 revenue of $263.3 million, missing estimates of $281.95 million, and issuing weak Q2 guidance. U.S. revenue dropped 34% year-over-year, while Europe saw a 70% increase. Adjusted earnings were 35 cents per share, below the expected 40 cents. The company anticipates Q2 revenue between $290 million and $330 million, against estimates of $350.706 million, with a gross margin of 42% to 45%. Analysts have adjusted their ratings and price targets following the results.

Portfolio Pulse from Adam Eckert

April 24, 2024 | 12:42 pm

HLT

Hilton Worldwide's shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company has increased its adjusted EPS guidance for FY24, signaling confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:40 pm

RILY

B. Riley Financial announced that an independent investigation found no involvement or knowledge of alleged misconduct by Brian Kahn or his affiliates, positively impacting the company's shares.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:40 pm

VEV

Vicinity Motor Corp. (NASDAQ:VEV), a North American supplier of commercial electric vehicles, has received a second 180-day extension from Nasdaq to meet the minimum bid price requirement of $1.00 per share for continued listing. Initially notified of non-compliance on October 24, 2023, the company now has until October 21, 2024, to comply. The company's shares will continue to trade on The Nasdaq Capital Market under the symbol 'VEV'. Vicinity intends to take all reasonable measures to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:37 pm

TDIV

TDVI

TXN

Texas Instruments Incorporated (NASDAQ:TXN) reported Q1 revenue of $3.66 billion, surpassing the consensus estimate of $3.611 billion, despite a decrease in quarterly gross and operating profit and a 16% year-over-year revenue decline. The company anticipates Q2 revenue between $3.65 billion and $3.95 billion, with earnings per share of $1.05 to $1.25. TXN shares rose 7.12% in premarket trading. Exposure to TXN can also be gained through First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) and FT Vest Technology Dividend Target Income ETF (BATS:TDVI).

Portfolio Pulse from Nabaparna Bhattacharya

April 24, 2024 | 12:34 pm

ISRL

Israel Acquisitions Corp (ISRL) and Pomvom have confidentially submitted a draft registration statement to the SEC and amended their business combination agreement. The completion of this proposed business combination is contingent upon approval from both companies' stockholders, the SEC's declaration of the registration statement's effectiveness, certain regulatory approvals, and Nasdaq's approval to list the securities of the combined entity.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:34 pm

SGBX

Safe & Green Holdings Corp. (SGBX) received a Nasdaq notification for not filing its Form 10-K for the year ended December 31, 2023, violating Nasdaq Listing Rule 5250(c)(1). The company has 60 days to submit a compliance plan, with a potential extension of up to 180 days to regain compliance. The notification does not immediately affect SGBX's Nasdaq listing or share trading.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 12:33 pm

HAS

Hasbro Inc (NASDAQ:HAS) shares surged after reporting Q1 FY24 sales of $757.30 million, surpassing estimates despite a 24.4% decline year-on-year. The decline was mainly due to the eOne film and TV divestiture. Excluding this, revenue fell by 9%. Consumer Products segment dropped 21%, while Wizards of the Coast and Digital Gaming rose by 7%. Entertainment revenues plummeted 85% due to the eOne sale. Operating margin improved significantly from 1.8% to 15.3%, with operating income at $116.2 million. Adjusted EBITDA increased by 75% to $172.8 million, and adjusted EPS of $0.61 beat consensus of $0.27. The company maintains its FY24 outlook, expecting Consumer Products Segment revenue to decline by 7-12% and targets adjusted EBITDA of $925 million to $1 billion.

Portfolio Pulse from Shivani Kumaresan

April 24, 2024 | 12:26 pm

GM

General Motors Company (NYSE:GM) reported better-than-expected fiscal first quarter earnings, with a 7.6% year-on-year sales growth to $43.01 billion and adjusted EPS of $2.62, surpassing analyst estimates. The company's market share slightly declined in the U.S. and China. Adjusted EBIT increased by 1.8% to $3.87 billion. GM raised its adjusted EPS and automotive free cash flow projections for the year. Following the announcement, GM shares rose 4.4%, and analysts from Mizuho and Wedbush raised their price targets on GM.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 12:23 pm