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Benzinga's analysis highlights the best and worst performers, with tech stocks like Microsoft showing strong growth potential, especially in AI, and Palantir boosting sales through innovative strategies. Meanwhile, concerns arise over cryptocurrency market stability and potential stock manipulation in Trump Media. Tesla faces accusations of misrepresenting Full Self-Driving capabilities, likening it to Enron.

Portfolio Pulse from Michael Cohen

April 27, 2024 | 6:03 pm

AMC

AMC Entertainment Holdings, Inc. (NYSE:AMC) preannounced Q1 results, expecting to top estimates with $951.4 million in revenue and a net loss of $163.5 million, despite fewer box office releases due to Hollywood strikes. The company anticipates the impact of the strikes to extend into Q2 but remains optimistic about the upcoming film slate. AMC also reported selling 12.8 million shares, raising $41.8 million from its at-the-market offering. The stock fell 3.81% in after-hours trading following the announcement.

Portfolio Pulse from Shanthi Rexaline

April 27, 2024 | 3:39 pm

BTCUSD

A Bitcoin whale deposited 1,200 BTC, worth $77.67 million, into the Kraken exchange, as reported by Lookonchain. This transaction follows the whale's accumulation of 24,755 BTC valued at $1.68 billion between March 1 and April 15. The deposit coincides with a surge in exchange inflows from Bitcoin whales, reaching a five-month high, indicating potential profit-taking and a possible price correction for Bitcoin.

Portfolio Pulse from Bibhu Pattnaik

April 27, 2024 | 3:29 pm

BRK-A

COST

HomeServices of America, a Berkshire Hathaway (NYSE: BRK-A) subsidiary, agreed to pay $250 million to settle an antitrust lawsuit over real estate commissions, potentially reducing commissions by 25%. The settlement follows a $1.78 billion jury verdict and is part of over $943 million in settlements involving the National Association of Realtors and other brokerages. The settlement will result in a $140 million after-tax charge for HomeServices. This comes as Berkshire Hathaway faces scrutiny over missed investment opportunities, including a potential $1.5 billion gain from Costco (NASDAQ: COST) shares.

Portfolio Pulse from Bibhu Pattnaik

April 27, 2024 | 1:38 pm

TSLA

Facebook co-founder Dustin Moskovitz has accused Elon Musk's Tesla of engaging in fraudulent practices, comparing it to the infamous Enron scandal. Moskovitz voiced his concerns on Threads, while Musk responded with ridicule on X. The article also recaps the Enron scandal, highlighting its rise and fall due to corporate fraud. Tesla's stock closed 1.11% lower at $168.28 per share on Friday, with a 32.26% decrease year-to-date. Tesla's first-quarter revenue fell to $21.3 billion from $23.33 billion a year earlier.

Portfolio Pulse from Navdeep Yadav

April 27, 2024 | 1:19 pm

BYDDY

FSRN

KARS

TSLA

VFS

Tesla, Inc. (TSLA) led a recovery in EV stocks with its earnings call updates, including an accelerated production start for a new model and the Tesla Semi's manufacturing plans. Fisker, Inc. (FSRN) is in talks for a potential sale due to liquidity concerns. BYD Co. Ltd. (BYDDY, BYDDF) announced its first energy pickup truck, the BYD Shark. VinFast Auto Ltd. (VFS) may receive additional investment from its founder. Rivian offered discounts on new R1 models. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) saw a weekly gain.

Portfolio Pulse from Shanthi Rexaline

April 27, 2024 | 12:48 pm

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), encouraged X followers and Tesla drivers to try the supervised Full Self-Driving (FSD) software, highlighting its potential and the company's progress towards autonomy. Tesla has reached one billion miles driven with FSD, with Musk optimistic about solving vehicle autonomy. Tesla also initiated a 30-day free FSD trial in the U.S. and reduced the FSD software price by 33% to $8,000.

Portfolio Pulse from Anan Ashraf

April 27, 2024 | 9:03 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin (BTC) is facing a potential downturn in the coming weeks, as warned by crypto analyst RektCapital, who draws parallels to the 2016 halving price action. The analyst suggests Bitcoin could be in a 'second danger zone' post-halving, with a critical support zone around $60,000. This warning comes amid a broader cryptocurrency market downturn, with Bitcoin, Ethereum (ETH), and Dogecoin (DOGE) all trading in the red.

Portfolio Pulse from Rounak Jain

April 27, 2024 | 8:57 am

WMT

Walmart Inc's CEO, Doug McMillon, received a compensation of $26.97 million last fiscal year, 976 times the median associate's salary of $27,642. Walmart, employing about 2.15 million associates globally, reported consolidated revenue of $648.1 billion and operating income of $27 billion. The CEO's pay, which includes a base salary, stock awards, and other compensation, was 6.6% higher than the previous year. This highlights the ongoing debate on pay disparity between CEOs and their employees, especially in comparison to other retail giants.

Portfolio Pulse from Anan Ashraf

April 27, 2024 | 8:38 am

DJT

Trump Media & Technology Group's stock (NASDAQ:DJT) experienced extreme volatility in its first month, with significant price fluctuations and operational challenges. The stock's instability is attributed to retail investor sentiment and alleged 'naked' short-selling. Despite launching a live TV streaming platform, the stock faced a downturn after revealing operational losses and plans for the resale of securities. Concerns were also raised about the company's financial oversight.

Portfolio Pulse from Rounak Jain

April 27, 2024 | 8:03 am