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AINC

KFS

Insiders at Ashford Inc. and Kingsway Financial Services have made notable stock purchases, signaling confidence in their companies. Ashford's CEO acquired 200,000 shares, following a reverse stock split announcement. Kingsway's President and CFO also bought shares amid an extension of its share repurchase program.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 11:13 am

MBLY

Mobileye's stock is on the rise after a Reuters report revealed the company has received orders for 46 million EyeQ6 chips to be shipped in the coming years.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:13 am

TSLA

Tesla Inc (NASDAQ:TSLA) is requesting its shareholders to re-vote on CEO Elon Musk's previously voided $47 billion pay package, following a Delaware court's decision to void it earlier this year. The board's proposals also include changing Tesla's state of incorporation from Delaware to Texas. The court had described Musk's compensation as 'an unfathomable sum,' but Tesla's board and some shareholders view the voiding as unfair, given Musk's significant contributions to the company's growth and stockholder value without compensation for the past six years.

Portfolio Pulse from Anan Ashraf

April 17, 2024 | 11:13 am

BABA

PNQI

XNTK

Alibaba Group Holding Ltd (NYSE:BABA) is intensifying its efforts in open-source AI development, particularly in its large language model (LLM), to compete globally and foster collaboration. The company has released various versions of its LLM, including a 72-billion-parameter version, through platforms like ModelScope and Hugging Face. This strategy aims to enhance its AI technology's standing and facilitate commercial benefits through open-source development. Alibaba has also reduced cloud service prices significantly to attract international clients. However, U.S. technology restrictions have impacted its cloud business, leading to a search for alternative technology sources. Alibaba's stock has seen a 28% decline over the past year, but it showed a slight increase in premarket trading.

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 11:13 am

OMC

Omnicom Group's shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:11 am

DIVD

F

GM

IDVO

TM

Toyota Motor Corporation (NYSE:TM) shares dropped in premarket trading after announcing a recall of 211,000 Prius cars due to door handle issues affecting vehicles in Japan, North America, Europe, and Asia. The recall, involving certain 2023-2024MY Prius and Prius Prime vehicles, addresses a fault that could allow doors to open unexpectedly. Toyota will replace the affected parts at no cost to owners. TM's stock has seen over a 71% increase in the past year, with exposure available through ETFs like IDVO and DIVD. Additionally, Ford (NYSE:F) and General Motors (NYSE:GM) are also facing recalls for separate issues.

Portfolio Pulse from Nabaparna Bhattacharya

April 17, 2024 | 11:11 am

ADSK

Autodesk's shares dropped following the announcement that it will miss the deadline to file its Annual Report on Form 10-K for the fiscal year ended January 31, 2024. This delay is due to an ongoing internal investigation by the Audit Committee.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:10 am

AAL

DAL

JBLU

UAL

Airline stocks are trading higher following United's report of better-than-expected Q1 earnings, indicating a positive outlook for the sector.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:10 am

UAL

United Airlines shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:10 am

JBHT

J.B. Hunt Transport Services' shares dropped following a miss in Q1 revenue and EPS estimates, indicating potential concerns over its financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:09 am