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GOOGL

TSLA

Cathie Wood, founder of Ark Investment Management, praised Tesla, Inc. for its significant investment in artificial intelligence, highlighting it as a key differentiator from other companies in the auto and tech sectors. This stance aligns with Elon Musk's view of Tesla as the largest AI project on Earth. Wood's comments come amid a backdrop where companies, including Alphabet Inc., are increasingly focusing on short-term shareholder returns, such as dividends and share repurchases. Alphabet recently announced its first-ever dividend, contrasting with Tesla's focus on long-term investments in AI and self-driving technology.

Portfolio Pulse from Shanthi Rexaline

April 29, 2024 | 6:53 am

DPZ

Domino's Pizza, Inc. (NYSE:DPZ) is anticipated to report higher Q1 earnings on April 29, 2024, with expected earnings of $3.39 per share compared to $2.93 the previous year, and projected revenue of $1.08 billion, up from $1.02 billion. Following a report of better-than-expected Q4 earnings, an increased dividend, and an additional stock buyback, DPZ shares rose 0.9%. Analysts from Wedbush, UBS, TD Cowen, Citigroup, and Piper Sandler have provided ratings and adjusted price targets, reflecting a positive outlook on DPZ's performance.

Portfolio Pulse from Avi Kapoor

April 29, 2024 | 6:02 am

AAPL

AMZN

Corporate earnings have recently uplifted the market, overcoming rate fears. The upcoming week features earnings reports from major companies including Apple and Amazon, which could significantly influence market trends. Analysts anticipate Apple to report a slight earnings beat but expect a lower revenue guide for the June quarter, while Amazon is expected to continue showing strong sales and profit growth. The performance of these companies, especially in sectors like e-commerce, tech, and healthcare, will be closely watched for their impact on the S&P 500 Index.

Portfolio Pulse from Shanthi Rexaline

April 29, 2024 | 5:51 am

PHG

Koninklijke Philips (NYSE:PHG) reported Q1 2024 adjusted EPS of $0.28, surpassing the $0.26 estimate, and sales of $4.494B, exceeding the $4.168B estimate. This represents a 17.5% increase in EPS and a 0.49% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 5:13 am

NDTAF

NVDA

Northern Data (OTC:NDTAF), a Frankfurt-based tech company, has shifted its focus from Bitcoin mining to cloud solutions and data center infrastructure, catching the attention of Berenberg Bank. Berenberg has initiated coverage with a Buy rating and a price target suggesting a 53.2% upside. The company's partnership with NVIDIA Corp (NASDAQ:NVDA) as an 'Elite' partner for cloud computing and its investments in liquid-cooling technology are highlighted as key growth drivers.

Portfolio Pulse from Benzinga Neuro

April 29, 2024 | 4:58 am

AAPL

GOOGL

META

Meta Platforms Inc. and Alphabet Inc. are revising their strategies to compete with Apple Inc.'s iPhone and Vision Pro. Meta is opening its VR operating system to all headset manufacturers, challenging Apple's closed ecosystem. Google has restructured its management, with Rick Osterloh overseeing Android, aiming to enhance revenue and establish a stronger presence in mixed-reality, an area where Google lags behind Apple and Meta. Despite criticism for its high price, Apple's Vision Pro has been praised for its advanced technology.

Portfolio Pulse from Ananya Gairola

April 29, 2024 | 4:57 am

BTCUSD

Crypto analysts have noted a significant decrease in Bitcoin whale activity since March 14, leading to speculation of a potential price surge. Ali Martinez highlighted the lull in transactions, suggesting an increase could boost Bitcoin prices. Despite a recent large deposit into Kraken, concerns of a potential downturn loom, with Bitcoin trading at $62,659, down 0.71% over 24 hours but up 41.85% YTD.

Portfolio Pulse from Benzinga Neuro

April 29, 2024 | 4:38 am

BTCUSD

SOLUSD

Bitcoin (BTC) is facing a potential downturn, with analysts warning of a 'second danger zone' similar to post-2016 halving corrections. A significant Bitcoin whale deposited $77.67 million worth of BTC into Kraken, indicating possible profit-taking and a forthcoming price correction. Meanwhile, Altcoin Sherpa predicts a 267% surge in Solana (SOL) by the end of 2024, alongside potential gains in AI-focused cryptocurrencies Fetch.ai (FET) and Render (RNDR). The article also discusses the state of meme coins, suggesting a possible consolidation and resurgence.

Portfolio Pulse from Kaustubh Bagalkote

April 29, 2024 | 3:10 am

BYDDY

TSLA

BYD Co. is charging significantly higher prices for its EVs in Europe compared to China, aiming for higher profits amidst fierce domestic competition. Unlike Tesla, which marks up its Model 3 by 37% in Germany, BYD's markups can reach nearly triple the Chinese prices. This strategy helps BYD avoid the 'cheap Chinese product' stigma and build a premium brand. However, Europe's slowing EV market and potential trade tensions could challenge BYD's strategy. Tesla's more modest markup contrasts with BYD's aggressive pricing, reflecting different market strategies.

Portfolio Pulse from Benzinga Neuro

April 29, 2024 | 1:43 am

ASAN

Elon Musk, CEO of Tesla and SpaceX, criticized Asana Inc. (NYSE:ASAN), a company owned by Facebook co-founder Dustin Moskovitz, on his social media platform X. Musk's comments were in response to a post that disparaged Asana's work management model, suggesting it offers nothing more than a basic to-do list functionality. This exchange follows Moskovitz's accusations against Tesla for consumer fraud, likening it to Enron's scandal, which Musk rebutted sharply.

Portfolio Pulse from Ananya Gairola

April 29, 2024 | 1:31 am