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AYI

LEVI

SPWH

VVPR

U.S. stocks closed lower with the Dow Jones experiencing its worst day since March 5, amid declining investor sentiment as indicated by the CNN Money Fear and Greed index. VivoPower International PLC's shares surged 304% following a merger announcement with Cactus Acquisition Corp. 1 Limited. The S&P 500 and Nasdaq also fell, while investors await earnings from Sportsman's Warehouse, Levi Strauss, and Acuity Brands.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 9:23 am

META

NFLX

Meta Platforms Inc. (NASDAQ:META) has denied allegations of sharing Facebook Messenger chats with Netflix Inc. (NASDAQ:NFLX), stating the partnership only allowed users to share their Netflix viewing with Facebook friends directly from the Netflix app. The denial follows claims of a 'special relationship' that supposedly gave Netflix access to private messages for advertising purposes. Meta's stock rose 1.23% following the clarification.

Portfolio Pulse from Rounak Jain

April 03, 2024 | 9:08 am

VGK

The Eurozone Consumer Price Index (CPI) for March showed a preliminary month-over-month increase of 0.8%, which is higher than the previous month's increase of 0.6%. This indicates a rise in inflation within the Eurozone, potentially impacting investment strategies and market sentiment.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 9:08 am

EWT

A powerful earthquake, the strongest to hit Taiwan in 25 years, resulted in 7 deaths and 736 injuries. The event has raised concerns about potential impacts on the region's economy and infrastructure.

Portfolio Pulse from Charles Gross

April 03, 2024 | 9:06 am

AFRM

ICE

NVDA

Investors seeking alternatives to the volatile meme stock trend are advised to consider exchanges like Intercontinental Exchange (NYSE:ICE) and companies with sustainable investments like Visa (NYSE:V). The meme stock phenomenon, driven by social media, continues into 2024 with stocks like Affirm Holdings Inc (NASDAQ:AFRM) and NVIDIA Corp (NASDAQ:NVDA) being highlighted.

Portfolio Pulse from Benzinga Neuro

April 03, 2024 | 8:49 am

TSLA

Tesla, Inc. (TSLA) reported a disappointing 8.5% year-over-year decline in Q1 sales, surprising analysts and leading to negative short-term forecasts. Despite the downturn, some analysts and fund managers remain optimistic about Tesla's long-term prospects, citing the potential of electric vehicles and full self-driving software. CANACCORD maintains a Buy rating with a $234 price target, while Future Fund predicts a reduction in Tesla's adjusted EPS estimates for 2024 and 2025. The high inventory levels and lack of a competitively priced EV model are seen as immediate challenges.

Portfolio Pulse from Shanthi Rexaline

April 03, 2024 | 8:44 am

LEDS

SemiLEDs reported its Q2 earnings with a per-share loss of $(0.11), unchanged from the previous year, and a 23.09% decrease in sales to $886.00K from $1.15M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:22 am

DOGEUSD

ETHUSD

SHIBUSD

CHUCK, a new meme coin built on Ethereum, surged 25,800% hours after its launch, outperforming Dogecoin and Shiba Inu. With a market cap of $4.16 million and a trading volume of over $6.62 million, CHUCK aims to 'Make Ethereum Great Again', distinguishing itself from other meme coins on the Solana blockchain.

Portfolio Pulse from Mehab Qureshi

April 03, 2024 | 8:14 am

DIS

Elon Musk publicly endorsed Nelson Peltz for a position on Walt Disney Co's (NYSE:DIS) board of directors, suggesting that Peltz's involvement would significantly improve Disney's share price. Musk's support was expressed via X, highlighting Peltz's track record of enhancing shareholder value. Additionally, Musk criticized the alleged leaking of early election returns in Disney's proxy contest with Peltz, suggesting it could manipulate the contest's outcome.

Portfolio Pulse from Benzinga Neuro

April 03, 2024 | 8:06 am

ARKB

BTCUSD

GBTC

Cathie Wood's ARK 21Shares Bitcoin ETF (ARKB) experienced a record outflow of $87 million, marking its largest daily loss and surpassing Grayscale's Bitcoin Trust (GBTC) for the first time. This event comes as the cryptocurrency market enters a correction phase, with Bitcoin (BTC) price dropping approximately 11% from its recent peak.

Portfolio Pulse from Mehab Qureshi

April 03, 2024 | 8:00 am