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DAL

UAL

Delta Air Lines Inc. CEO Ed Bastian anticipates a delay in the delivery of Boeing Co.'s 737 Max 10 aircraft until 2027, a further postponement from the initially expected 2025. This delay is amid Boeing's ongoing safety and criminal reviews. United Airlines Holdings has also adjusted its fleet plan due to the delays, considering alternatives to the Max 10. Boeing's 737 Max series faces intense scrutiny and safety concerns, impacting trust and operational plans for airlines like Delta.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 6:28 am

IMAX

During the 96th Academy Awards, 'Oppenheimer' co-producer Emma Thomas thanked IMAX Corp CEO Richard Gelfond in her acceptance speech for Best Picture. This acknowledgment highlights IMAX's significant contributions to the film industry, especially following the success of 'Dune: Part Two'. The movie's global opening contributed over $32 million to IMAX, accounting for 18% of the global box office, which has positively impacted IMAX's stock. Analysts, including Wedbush's Alicia Reese, foresee further growth for IMAX, emphasizing its expanding role in the industry.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 3:55 am

KLAC

NVDA

TSM

KLA Corp (NASDAQ:KLAC), a semiconductor equipment company, is highlighted by fund manager Stephanie Niven as benefiting from the AI boom due to its role as a supplier to Taiwan Semiconductor (NYSE:TSM), which manufactures AI chips for NVIDIA Corp (NASDAQ:NVDA). KLA's focus on reducing manufacturing errors and wastage aligns with sustainability goals, contributing to its stock surge of 25% in 2024 and 89% over the past year. Despite concerns of a potential near-term drop due to its significant price increase, analysts remain bullish on KLA's fundamentals.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 3:51 am

TSLA

TSM

Cathie Wood's Ark Invest projects a $28 trillion opportunity in AI, highlighting sectors like autonomous vehicles and drone technology. Tesla Inc (TSLA) is noted for its advancements in self-driving technology, with Ark setting a target price of $200 for TSLA shares. The firm also emphasizes the growing importance of drone technology across industries. Despite selling Nvidia shares, Ark Invest continues to invest in key suppliers like Taiwan Semiconductor Manufacturing Company Ltd. (TSM), maintaining a bullish outlook on AI and transformative technologies.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 2:10 am

NVDA

NVIDIA Corp is facing a lawsuit filed by authors Brian Keene, Abdi Nazemian, and Stewart O’Nan for allegedly using their copyrighted works without permission to train its AI platform, NeMo. The lawsuit seeks damages for the use of copyrighted works in the US to train NeMo's large language models over the last three years. Despite the legal challenge and other market concerns, Nvidia's stock has surged by almost 600% since the end of 2022, reaching a market value of nearly $2.2 trillion.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 1:11 am

DAL

Delta Airlines' CEO anticipates a potential delay in the delivery of the Boeing 737 Max 10 aircraft until 2027, according to a report by Bloomberg. This projection could impact the fleet expansion plans of Delta and possibly affect Boeing's delivery schedule and financial forecasts.

Portfolio Pulse from Charles Gross

March 10, 2024 | 11:33 pm

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

Cryptocurrencies have seen significant gains since late last year, with Bitcoin, Ethereum, Shiba Inu, and Dogecoin all showing impressive returns since the start of the current bull run. The rally, initially stalled by SEC approval of a spot Bitcoin ETF, resumed with optimism over wider crypto adoption. Bitcoin's recovery began in 2023, notably after breaking a key resistance in late October. Ethereum, Shiba Inu, and Dogecoin also posted strong gains, with investments in each of these cryptos since late October yielding returns ranging from 98% to 325%.

Portfolio Pulse from Shanthi Rexaline

March 10, 2024 | 8:48 pm

BTCUSD

DOGEUSD

ETHUSD

Bitcoin's recent rally to over $70,000 has sparked renewed interest in cryptocurrencies, including Ether and Dogecoin, indicating a broader market recovery. The SEC's approval of spot ETFs for Bitcoin, with firms like BlackRock, Invesco, and Fidelity involved, has contributed to this confidence, attracting over $9 billion in net inflows. Financial experts suggest a modest Bitcoin allocation in diversified portfolios, while cautioning against speculative assets like meme coins and NFTs.

Portfolio Pulse from Bibhu Pattnaik

March 10, 2024 | 7:37 pm

AAPL

Bloomberg's Mark Gurman revealed insights into the now-defunct Apple car project, highlighting its innovative designs and the challenges that led to its cancellation. The project aimed to disrupt the EV market with a unique combination of hardware, software, and services. Despite the potential to significantly boost Apple's revenue, disagreements on strategy and technological hurdles, among other issues, led to the project's demise. The designs, which evolved over time, included features like a glass sunroof, minimalist interior, and full Level 5 self-driving capability. However, Apple eventually scaled back to Level 2 autonomy, adding traditional car elements back into the design.

Portfolio Pulse from Shanthi Rexaline

March 10, 2024 | 6:23 pm

GDX

GDXJ

Gold has reached a record high, but gold mining stocks like those in the VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ) have not seen significant movement. Economist Peter Schiff predicts a catch-up rally for these stocks and suggests buying them before the market realizes their potential. Schiff also speculates that investors might be selling mining stocks for Bitcoin ETFs, and anticipates gold to open higher at $2,200 if Bitcoin crashes. Additionally, a list of gold stocks to watch is provided, considering the Federal Reserve's potential rate cuts and gold's role as an inflation hedge.

Portfolio Pulse from Shanthi Rexaline

March 10, 2024 | 5:49 pm