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Wall Street's most accurate analysts have made new stock picks for Q1, highlighting potential gains in companies like O'Reilly Automotive, Matador Resources, Leggett & Platt, Worthington Steel, and TeraWulf. These picks come after the S&P 500 and Dow Jones recorded their best first-quarter performances in years, with analysts from firms like Roth MKM, Truist Securities, Wells Fargo, Keybanc, and Cantor Fitzgerald providing their insights.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 5:14 am

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The Japan Tankan Large Non-Manufacturers Index for Q1 reported an increase to 34, surpassing the estimated 33 and the previous revised value of 32. This indicates a positive sentiment among large non-manufacturing firms in Japan.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 5:06 am

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The Japan Tankan Large Manufacturers Index for Q1 was reported at 11, surpassing the estimated 10 and showing a slight decline from the revised prior value of 13.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 5:05 am

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The Japan Tankan Big Manufacturing Outlook Index for Q1 was reported at 10, below the estimated 11 but above the prior 8. This indicates a slight improvement in sentiment among large manufacturers in Japan, but not as much as analysts had expected.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 5:05 am

FXI

MCHI

China's Caixin Manufacturing PMI rose to 51.1 in March, indicating the fastest growth in 13 months and signaling economic revival. This growth, reflecting both domestic and overseas demand, aligns with other positive economic data, leading Citi to upgrade China's growth forecast to 5.0% for 2024. Despite the positive outlook, challenges remain, including in the property sector and employment. ETFs like iShares MSCI China ETF (MCHI) and iShares China Large-Cap ETF (FXI) have seen marginal to moderate gains this year.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 4:58 am

NVDA

Hannah Gooch-Peters, an analyst at Sanlam Investments, highlighted Visa Inc's (V) sustainable profit margins compared to Nvidia Corporation (NVDA), questioning Nvidia's future sales and profit sustainability due to its reliance on hardware. Visa, with a 60% operating profit margin and a strong networking effect, is seen as a more sustainable investment. Additionally, Visa and Mastercard Inc. (MA) recently settled a $30 billion lawsuit with U.S. merchants, agreeing to reduce interchange fees, which could impact the credit card industry.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 4:01 am

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Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies experienced significant gains, with Bitcoin nearing the $75K mark if it breaches the neckline resistance. Remarks from Jerome Powell, Chair of the U.S. Federal Reserve, influenced the market positively by maintaining a calm stance on inflation and economic outlook. The global cryptocurrency market cap stands at $2.65 trillion, with a slight decrease in the past 24 hours. Stock futures also saw an increase as Wall Street prepared for Q2. Analysts predict potential movements for Bitcoin starting Tuesday, with a possible test of all-time highs pre-halving.

Portfolio Pulse from Mehab Qureshi

April 01, 2024 | 3:52 am

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TSLA

Tesla, Inc. (NASDAQ:TSLA) increased the prices of all Model Y variants in China by 5,000 yuan ($692) effective April 1. This move comes after aggressive price cuts in China since late 2022 did not boost volume growth and led to a price war, notably with BYD Co Ltd. (OTC:BYDDY) (OTC:BYDDF), which overtook Tesla as the world's biggest battery EV manufacturer in Q4 2023. Analysts suggest Tesla should explore strategies beyond price cuts. Tesla's stock closed down 2.25% at $175.79.

Portfolio Pulse from Shanthi Rexaline

April 01, 2024 | 3:37 am

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QQQ

Edward Snowden highlighted Warren Buffett's investment success, contrasting it with the stock performance of members of Congress like Dan Meuser, Nancy Pelosi, and others. He pointed out that while Berkshire Hathaway has seen an average annual return of 20.0%, some Congress members have shown higher returns. Additionally, the Invesco QQQ Trust Series 1, tracking the Nasdaq 100, has outperformed with a 50.74% return over one year. Snowden's comments come amid discussions on congressional stock trading activities.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 3:30 am

CMS

EMR

Morgan Stanley's top fund manager, Aaron Dunn, has identified CMS Energy Corporation (NYSE:CMS) and Emerson Electric (NYSE:EMR) as stocks that could benefit from the increasing power demands of AI. Dunn highlighted the utility sector's potential, especially focusing on renewable energy, which aligns with the green energy initiatives of major cloud computing players. The growing electricity needs of AI servers and data centers, consuming significant amounts of power, underscore the importance of sustainable energy solutions in the tech and energy sectors.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 3:27 am