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VLVLY

Volvo reported a Q1 EPS of $0.67, up 9.02% from $0.61 YoY, with sales reaching $12.62B, a 0.36% increase from $12.58B YoY.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:45 am

ASML

ASML Holding reported Q1 earnings of $3.38 per share, missing the $3.43 estimate, and sales of $5.75B, below the $6.13B estimate. This represents a 36.4% decrease in earnings and a 20.65% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:14 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) sold over 2,800 Cybertrucks in the U.S. during Q1, outperforming Porsche's Taycan sales but lagging behind Ford's F-150 Lightning and Rivian's R1T. Despite the competition and the Cybertruck's modest sales compared to Tesla's Model Y, its performance against the Taycan highlights Tesla's growing influence in the EV market. Elon Musk's previous comments have fueled a rivalry between Tesla and Porsche, emphasizing the competition in electric vehicle technology.

Portfolio Pulse from Anan Ashraf

April 17, 2024 | 4:44 am

SHIBUSD

'Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) has seen a significant increase in its token burn rate, with a 25.9% rise in 24 hours and a 269.9% increase over 7 days, as reported by Shibburn. This comes amid a market correction for SHIB, with the price recovering by 4.97% in the past 24 hours despite a nearly 16% fall over the past week. The burn rate's increase, reducing the token supply, could signal a potential turnaround for Shiba Inu's market performance.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 3:42 am

BYDDF

BYDDY

TSLA

Tesla Inc (NASDAQ:TSLA) faces scrutiny over Elon Musk's management style amid Cybertruck delivery delays, as investor Ross Gerber expresses skepticism. Gerber criticized Musk's focus since purchasing Twitter, suggesting a lack of leadership at Tesla. This criticism follows Tesla's poor Q1 sales performance, which Musk attributed to broader industry challenges, comparing it to BYD Co. Ltd.'s (OTC:BYDDY) (OTC:BYDDF) sales decline. The situation raises questions about Tesla's leadership and strategic direction, amidst layoffs and a focus on the robotaxi project.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 3:12 am

AMC

NFLX

TSLA

UAL

WISA

On Tuesday, U.S. stock indexes showed mixed results with the Dow Jones up by 0.2%, the S&P 500 down by 0.2%, and the Nasdaq up by 0.1%. Netflix, AMC, United Airlines, WiSA Technologies, and Tesla were among the most notable stocks. Netflix is anticipated to release its Q1 financial results soon. AMC's stock surged, with its CEO commenting on the company's stability. United Airlines reported revenue exceeding estimates. WiSA Technologies saw a significant jump after a licensing agreement. Tesla's stock fell amid halted development of a low-cost vehicle.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 2:43 am

ARKK

BLDE

CAT

DKNG

PSNL

TSLA

Cathie Wood's Ark Invest purchased $3.3M worth of Tesla (TSLA) shares as the stock declined for the third consecutive session, amid concerns over its quarterly performance and strategic shifts. Ark's ETFs, including ARKK, ARKQ, and ARKW, added Tesla shares, making it the top holding in ARKK. Tesla's stock has been volatile, losing over 10% since Friday. Ark also bought shares of Personalis (PSNL) and Blade Air Mobility (BLDE), while selling DraftKings (DKNG) and Caterpillar (CAT) shares. DraftKings received a Buy rating from Goldman Sachs.

Portfolio Pulse from Shanthi Rexaline

April 17, 2024 | 2:18 am

Boeing engineer Sam Salehpour has called for the grounding of all 787 Dreamliners worldwide due to safety concerns, ahead of his testimony before Congress. Salehpour's concerns, previously reported to the FAA, focus on potential premature failures. Boeing refutes these claims, asserting the safety of the 787 Dreamliner after rigorous FAA-overseen examinations. The company faces market challenges and scrutiny, with its stock down 32% year-to-date and its Q1 earnings report highly anticipated.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 2:11 am

BTCUSD

Cryptocurrency analyst Ali Martinez has identified critical support and potential bullish trigger levels for Bitcoin, with $62,000 as a key support and $66,250 as a trigger for a potential bull run. Amidst market volatility, experts have mixed views on Bitcoin's trajectory, with some predicting new highs and others cautioning about potential declines. Bitcoin's current price is $64,053, showing a modest increase and a strong year-to-date gain of 45.01%.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 1:33 am

SBFMW

Trading for SBFMW was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the stock is released.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:50 pm