Streetbeat News

Stock Prices

SHLT

A study by Imperial College London found that SHL Telemedicine's SmartHeart® technology significantly reduces hospital readmissions by 76% and emergency department visits by 41% for post-heart attack patients. This underscores the effectiveness of SHL's remote cardiac care solutions.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:30 am

TSM

The U.S. has surpassed China as Taiwan's largest export market for the first time in over two decades, with Taiwanese exports to the U.S. increasing by 65.7% year-on-year in March to $9.1 billion. This shift reflects efforts by the U.S. to reduce dependence on Chinese goods and is part of broader changes in global trade dynamics. The change comes amid significant geopolitical events, including meetings between Chinese and U.S. leaders, a major earthquake in Taiwan affecting the semiconductor supply chain, and a surge in Taiwan's ETF market driven by AI stock interest, notably in Taiwan Semiconductor Manufacturing Co (TSM).

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 7:27 am

KARS

Cathie Wood's Ark Investment Management, through its Director of Research Sam Korus, argues that electric vehicles (EVs) are not seeing a decline in adoption but are instead entering a traditional adoption curve. Despite a slowdown in sales growth rates from 113% in 2021 to 28% in 2023, the global market share of EVs nearly doubled from 4.8 million units to around 10 million units, indicating healthy market dynamics. Korus emphasizes the importance of market share over growth rates and suggests that EVs, with only a 13% global market share, are still in the early stages of adoption. He warns that traditional automakers reducing EV investments may miss out on the industry's transition.

Portfolio Pulse from Shanthi Rexaline

April 11, 2024 | 7:21 am

PACS

PACS Group has priced its upsized initial public offering (IPO) at $450 million, offering 21,428,572 common shares at $21 each. The shares are set to begin trading on the NYSE under the ticker symbol 'PACS' on April 11, 2024, with the offering expected to close by April 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:16 am

LAKE

Lakeland Industries (NASDAQ:LAKE) reported a Q4 EPS of $(0.13), missing the analyst consensus estimate of $0.30 by 143.33% and marking a 750% decrease from last year's $0.02 EPS. Quarterly sales were $31.20M, missing the $32.50M estimate by 4% but showing a 7.59% increase from last year's $29.00M.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:11 am

DLAKY

Lufthansa (OTC:DLAKY) has temporarily halted its flights to Tehran due to the ongoing crisis in the Middle East, following a suspected Israeli airstrike on the Iranian embassy in Syria. The suspension, which began on April 6, is expected to last until at least April 11, reflecting the airline's commitment to safety. This decision comes amid heightened tensions in the region, with the U.S. warning of potential Iranian retaliatory attacks. The situation has also led to a sharp rally in oil prices.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 7:11 am

BRK

TSLA

Jim Cramer expressed concerns over Wall Street's diminishing confidence in Tesla's CEO, Elon Musk, due to Tesla's falling stock price and increasing competition. He contrasted this with the admiration for Warren Buffett and his firm, Berkshire Hathaway, highlighting its strong portfolio and business model. Tesla's stock has seen a significant drop, over 30% year to date, amidst concerns over its electric vehicle prices and Musk's focus on other ventures.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 6:53 am

F

Ford Motor Company (NYSE:F) has announced another round of price cuts for its 2024 F-150 Lightning electric truck, with reductions up to $5,500, to enhance its competitiveness in the EV market. The price adjustments across various trims aim to make the F-150 Lightning more appealing to consumers, especially in a slowing market growth scenario. These strategic price cuts are part of Ford's broader approach to maintaining a strong position in the EV market, following a previous price reduction and a reported 86% increase in U.S. EV sales in the first quarter of 2024.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 5:22 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has introduced the first Full Self-Driving (FSD) update for its Reengineered Model 3, as reported by an X user and confirmed by Teslascope. This update, version 12.3.4, marks a significant development in Tesla's FSD software, which has been deployed on about 2 million vehicles in the U.S. The rollout follows CEO Elon Musk's hints at improvements, particularly in the Autopark feature. Tesla previously offered a one-month free FSD trial in the U.S., receiving positive feedback.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 3:50 am

COIN

PLTR

Cathie Wood's Ark Invest sold 24,141 shares of Coinbase (COIN) and bought shares of Palantir Technologies (PLTR), despite a rise in Bitcoin prices. The sale of COIN shares through ARKK, ARKW, and ARKF amounted to $6.06 million, with COIN's price at $250.99, up 3.31%. Ark Invest purchased 10,039 PLTR shares worth $225,074, following a previous day's purchase worth $90,647. Additionally, Ark made trades in TDOC, PATH, RXRX, IRDM, and ROKU through its various ETFs.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 3:17 am