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AGEN

Trading for AGEN 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

April 11, 2024 | 11:50 pm

CISS

Trading for CISS 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

April 11, 2024 | 11:50 pm

FLNT

Trading for FLNT 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

April 11, 2024 | 11:50 pm

AMC

CVX

TSLA

W

Tesla Inc (NASDAQ:TSLA) shares have dropped 30% in 2024, with first-quarter deliveries missing estimates, making it one of the S&P 500's worst performers. The stock is heavily shorted, with a Hazeltree report giving it a 'crowdedness' score of 99, the highest for large-cap stocks. Chevron Corp (NYSE:CVX) and Wayfair Inc. (NYSE:W) also received high crowdedness scores, with CVX matching Tesla's score. AMC Entertainment Holdings (NYSE:AMC) was noted among small-cap stocks. Tesla's institutional supply utilization score is 2.18%, indicating a small percentage of shares from institutional investors being lent out. Despite the current downturn, Tesla's long-term performance remains strong, with significant gains over the past five and ten years.

Portfolio Pulse from Chris Katje

April 11, 2024 | 10:39 pm

COIN

HOOD

MSFT

PLTR

TSLA

Ark Invest, led by Cathie Wood, announced an investment in OpenAI through the Ark Venture Fund. This investment gives exposure to various companies including private entities like SpaceX and public companies such as Microsoft, which has invested $13 billion in OpenAI. The Ark Venture Fund, with $53.7 million in assets, has seen a 34.7% increase in the net asset value of shares over the past year. Top public holdings include Coinbase, Robinhood, Palantir, and Tesla.

Portfolio Pulse from Chris Katje

April 11, 2024 | 10:22 pm

MSTR

Peter Schiff predicts a significant crash for Bitcoin, attributing it to speculative ETF buyers selling off, leading to a lack of liquidity. He also foresees a potential bankruptcy for MicroStrategy (NASDAQ:MSTR) due to its heavy investment in Bitcoin. Schiff criticizes the blockchain and Bitcoin as a 'Digital Ponzi' scheme and questions MicroStrategy's financial strategies. Despite Bitcoin's recent losses, analysts predict its holdings will increase significantly by 2025.

Portfolio Pulse from Khyathi Dalal

April 11, 2024 | 9:53 pm

MRNA

Moderna (NASDAQ:MRNA) has significantly outperformed the market with an annualized return of 22.81% over the past 5 years, turning a $1000 investment into $4,141.25 today. The company's market capitalization stands at $40.98 billion.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 9:30 pm

AZO

AutoZone (NYSE:AZO) has significantly outperformed the market with an average annual return of 19.44% over the past 20 years, turning a $1000 investment into $36,388.24 today. The company's market capitalization stands at $52.03 billion.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 9:30 pm

GL

Globe Life Inc. (GL) has issued a statement refuting allegations made by Fuzzy Panda Research, calling them false, misleading, and defamatory. The company emphasizes its long-standing business model, sustainable earnings growth, and commitment to ethics and integrity. Globe Life, with over 17 million policies in force, criticized the report for mixing unsubstantiated claims with recycled allegations and intends to explore legal recourse against the responsible parties.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 9:27 pm

CPA

Copa Holdings reported a March system load factor of 86.5%, a slight decrease of 0.7 percentage points from the previous year. Despite this, both capacity (ASMs) and passenger traffic (RPMs) saw increases of 12.3% and 11.5% respectively compared to March 2023.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 9:08 pm