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TSLA

Elon Musk, CEO of Tesla (TSLA) and SpaceX, responded with 'Of course' to a post about Russian President Vladimir Putin's warning of nuclear war readiness against the U.S. if troops are sent to Ukraine. Putin's statement highlights the escalating tensions between Russia and the West, amid the ongoing war in Ukraine. The U.S. has been preparing for a potential Russian nuclear strike, while Russia plans to establish a nuclear power plant on the moon by 2035 in collaboration with China.

Portfolio Pulse from Benzinga Neuro

March 13, 2024 | 8:56 am

NVDA

NVIDIA Corp. (NASDAQ:NVDA) has experienced significant volatility, with its stock soaring over 200% in 2023 due to AI buzz, then dropping more than 7% recently. Investors are divided on whether to hold or sell, with some citing overvaluation concerns. Vahan Janjigian of Greenwich Wealth Management sold part of his Nvidia shares, Paul Gambles of MBMG Family Office Group advises selling due to potential declines, while Louis Navellier remains bullish, predicting a future $1,000 stock price.

Portfolio Pulse from Benzinga Neuro

March 13, 2024 | 8:52 am

CRBU

DLTR

LEN

NVDA

PACK

WSM

U.S. stocks closed higher with the Dow jumping over 200 points following the release of February 2024 inflation data, which showed a rise to 3.2%. The CNN Money Fear and Greed index indicated improved market sentiment, remaining in the 'Greed' zone. Ranpak Holdings Corp. (PACK) saw a significant share price increase after reporting better-than-expected revenue, while Caribou Biosciences (CRBU) shares dropped due to disappointing financial results. NVIDIA Corporation (NVDA) shares surged amid AI momentum. The S&P 500 and Nasdaq also saw gains, with investors looking forward to earnings results from Lennar Corporation (LEN), Williams-Sonoma (WSM), and Dollar Tree (DLTR).

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 8:42 am

NICE

DA Davidson analyst Gil Luria upgrades NICE (NASDAQ:NICE) from Neutral to Buy and raises the price target from $250 to $300, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:36 am

AVGO

COST

LLY

NVDA

ORCL

U.S. stocks rose on Tuesday, driven by positive earnings per share news, according to Jim Cramer. Despite a warmer-than-expected February CPI, stocks like Nvidia, Eli Lilly, and Costco saw gains, while Oracle's strong quarter, attributed to AI, boosted its shares by 11%. JPMorgan CEO Jamie Dimon expressed optimism for the U.S. economy, suggesting the Fed hold off on interest rate cuts until after June. Cramer highlighted the risk of stocks moving in unison and saw a buying opportunity in Broadcom due to its low multiple status.

Portfolio Pulse from Benzinga Neuro

March 13, 2024 | 8:25 am

YMM

Full Truck Alliance has announced an extension of its share repurchase program, increasing the total amount up to $300 million. This move indicates the company's confidence in its financial health and future prospects, potentially signaling to investors a positive outlook.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:02 am

TIP

Economist Peter Schiff warns of rising inflation, criticizing the Federal Reserve and Chair Jerome Powell for ineffective measures. Schiff predicts inflation could reach double digits, diverging from the Fed's 2% target. The February inflation report showed an increase, and Schiff highlighted the federal budget deficit's growth. Despite these concerns, the iShares TIPS Bond ETF (TIP) experienced a slight decline.

Portfolio Pulse from Shanthi Rexaline

March 13, 2024 | 7:52 am

BTCUSD

TSLA

Elon Musk humorously compared the U.S. Dollar to a 'scam coin' on X, highlighting its high circulation, central control, and inequitable distribution. Meanwhile, Tesla has profited over $230 million from its Bitcoin holdings, attributed to the launch of Bitcoin spot ETFs and Bitcoin's value reaching $72,000.

Portfolio Pulse from Mehab Qureshi

March 13, 2024 | 7:29 am

AAPL

CHTR

CVX

SMCI

TSLA

XOM

Tesla, Inc. (TSLA) remains the most-shorted large-cap stock in the U.S., with a Hazeltree Crowdedness Score (HCS) of 99, indicating high short interest. Chevron Corp. (CVX) and Exxon Mobil Corp. (XOM) also have high HCS scores of 94 and 92, respectively. Apple Inc. (AAPL) saw a decrease in short interest, while Super Micro Computer, Inc. (SMCI) and Charter Communications, Inc. (CHTR) saw increases in their HCS scores. Tesla's stock struggles are attributed to weakening demand, aggressive pricing, and opaque communication from management.

Portfolio Pulse from Shanthi Rexaline

March 13, 2024 | 7:18 am

WSM

Williams-Sonoma, Inc. (NYSE:WSM) is set to announce its Q4 earnings before the market opens on March 13, 2024. Analysts predict a decrease in earnings per share to $5.14 from $5.50 and a revenue drop to $2.23 billion from $2.45 billion year-over-year. The company's board declared a quarterly dividend of 90 cents per share. Shares rose 2% to $241.05 recently. Analysts from Wells Fargo, Telsey Advisory Group, Wedbush, Evercore ISI Group, and JP Morgan have updated their ratings and price targets for WSM.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 7:08 am