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FSM

Fortuna Silver Mines (NYSE:FSM) reported Q1 2024 adjusted EPS of $0.09, surpassing the $0.05 estimate, an 80% increase year-over-year. However, sales of $224.9M slightly missed the $226M estimate, though marking a 28% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 6:54 am

BA

Boeing Co's (NYSE:BA) first crewed flight test of the Starliner spacecraft to the ISS is delayed to no earlier than May 17, due to an issue with the Atlas V rocket. United Launch Alliance will replace a faulty valve, with the launch now set for 6:16 p.m. EDT, May 17. This delay follows several postponements since the spacecraft's initial uncrewed test flight was planned in 2015. Success in the upcoming test could position Boeing alongside SpaceX as a private company shuttling astronauts to the ISS for NASA.

Portfolio Pulse from Anan Ashraf

May 08, 2024 | 6:45 am

BRK

Warren Buffett, at Berkshire Hathaway's annual shareholder meeting, stated the company is unsure how to effectively use its $189 billion cash reserve due to unattractive investment options, despite the high interest rate environment. He emphasized a choosy investment strategy, highlighting past successful investments in Japan but noted the current market's lofty valuations limit opportunities. Buffett also humorously cautioned against informing the Federal Reserve about their cash strategy.

Portfolio Pulse from Shanthi Rexaline

May 08, 2024 | 6:42 am

BTCUSD

ETHUSD

Ethereum (ETH) has underperformed compared to Bitcoin (BTC) in the year-to-date returns of 2024, with Bitcoin ETFs' listing being a significant factor. Bitcoin's price surged by 47% YTD, reaching a new all-time high, driven by demand for spot price tracking investment vehicles. In contrast, Ethereum's YTD gains stood at 32%, failing to approach its 2021 peak. The divergence in performance is attributed to greater interest and capital inflow into Bitcoin, especially from short-term holders, while Ethereum awaits decisions on its spot ETFs. Concerns over Ethereum being potentially classified as a security by the SEC could further impact its investment sentiment and price.

Portfolio Pulse from Aniket Verma

May 08, 2024 | 6:37 am

AAPL

BLDR

GOOG

META

MRK

NVDA

PFE

Jim Cramer, host of CNBC's 'Mad Money,' warned of an economic slowdown and advised investors to maintain a balanced portfolio, recommending stocks less reliant on the economy's health. He highlighted tech giants NVIDIA, Meta Platforms, Alphabet, and Apple, along with pharmaceutical firms Merck and Pfizer, and also mentioned Builders FirstSource for potential benefits from future rate cuts. Despite this, Cramer cautioned against solely investing in rate-sensitive companies or focusing exclusively on tech and pharmaceuticals.

Portfolio Pulse from Benzinga Neuro

May 08, 2024 | 6:26 am

TSLA

Tesla Inc (NASDAQ:TSLA) will shut down its Berlin gigafactory for only one day this week, contrary to initial reports of a four-day halt. The brief shutdown, confirmed by Senior Director of Manufacturing Andre Thierig, is due to protests against the company's expansion efforts. Despite challenges, including a recent arson attack and local opposition to factory expansion, Tesla aims to double the plant's capacity. Tesla's new car registrations in the EU fell by 4.7% in Q1.

Portfolio Pulse from Anan Ashraf

May 08, 2024 | 6:22 am

PHAR

Pharming (NASDAQ:PHAR) reported Q1 2024 GAAP EPS of $(0.02), missing the $0.01 estimate, and sales of $55.586M, missing the $68.425M estimate. Despite the miss, sales increased 30.66% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 5:58 am

BUD

Anheuser-Busch InBev (NYSE:BUD) reported Q1 2024 adjusted EPS of $0.75, surpassing the $0.67 estimate, and sales of $14.547B, exceeding the $14.415B estimate. This represents a 15.38% increase in EPS and a 2.35% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 5:47 am

DIS

During Walt Disney Co's Q2 earnings call, CEO Bob Iger addressed questions about his succession plans, stating the board is actively engaged in the process and expects a smooth transition. The search for Iger's successor has intensified following the end of a proxy battle with Nelson Peltz, with several candidates being considered. Disney reported a 1% revenue increase to $22.08 billion and an adjusted EPS of $1.21, beating expectations.

Portfolio Pulse from Ananya Gairola

May 08, 2024 | 5:23 am

BTCUSD

LTCUSD

Litecoin (LTC) has emerged as the leading cryptocurrency for payments, surpassing Bitcoin (BTC) and other major assets in April, with over 41% of global crypto payments processed in LTC, according to BitPay. This marks the fourth consecutive month of Litecoin leading in payment usage. Despite its success and recognition as a 'commodity' alongside Bitcoin, Litecoin remains undervalued, ranking 19th in market capitalization at just over $6 billion. Its Network Value-to-Transaction ratio suggests it may be undervalued, yet its price has fallen 77% from its all-time high in May 2021.

Portfolio Pulse from Aniket Verma

May 08, 2024 | 4:24 am