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AAPL

NFLX

Netflix Inc. has ceased billing through Apple Inc. for its long-term subscribers, requiring them to pay directly. This affects basic plan members previously using iTunes for payments, potentially leading to a price hike from the old $9.99 rate.

Portfolio Pulse from Ananya Gairola

February 27, 2024 | 4:06 am

AVGO

BRK

LLY

NVDA

TSLA

Jim Cramer has named Eli Lilly (LLY), Berkshire Hathaway (BRK), and Tesla (TSLA) as potential candidates to reach a trillion-dollar market cap, following Nvidia's (NVDA) recent achievement. Eli Lilly is noted for its promising GLP-1 drugs, Berkshire Hathaway for the rising cost of auto insurance, and Tesla for its new models. Broadcom (AVGO) was also mentioned but is seen as less likely to reach the milestone soon.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 4:05 am

BYDDF

BYDDY

TSLA

BYD Co Ltd views Tesla Inc as a partner rather than competition in the EV market, emphasizing the minimal customer overlap and shared goal of advancing EV adoption. BYD's Executive VP Stella Li dismissed rumors of entering the U.S. market through a Mexican factory, citing political complications. Despite Tesla's concerns about Chinese automakers' competitive edge, BYD focuses on competing with combustion engine manufacturers. In Q4 2023, BYD surpassed Tesla in BEV sales, though it also produces hybrids.

Portfolio Pulse from Anan Ashraf

February 27, 2024 | 3:53 am

COIN

HOOD

NVDA

Cathie Wood's Ark Invest sold shares of Coinbase and Robinhood worth approximately $6.9 million each, and Nvidia shares valued at $2.15 million, amidst a Bitcoin rally surpassing $56,000. The sales occurred through various ARK ETFs, reflecting adjustments in Ark's investment strategy despite previous positive remarks on Coinbase and Nvidia. Additionally, Ark Invest increased its stakes in ROKU, VCYT, TXG, TWST, and NTLA, indicating a bullish outlook on digital media and biotech sectors.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 3:45 am

ARKB

BITB

COIN

IBIT

MSTR

Bitcoin surpassed $56K, with Ethereum and Dogecoin also seeing gains as the crypto market cap exceeds $2T. The surge is attributed to factors like spot Bitcoin ETF inflows and positive investor sentiment. Trading volumes for nine spot Bitcoin ETFs hit a record $2.4 billion, with BlackRock's IBIT leading. MicroStrategy expanded its Bitcoin holdings. The S&P 500 and Nasdaq saw declines, while stocks linked to Bitcoin's price, including Coinbase and Microstrategy Inc, surged.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 2:59 am

HIMS

MARA

RIOT

TSLA

Bitcoin's surge above $55K positively impacted Marathon Digital Holdings Inc (MARA) and Riot Platforms Inc (RIOT), with significant stock gains. Zoom Video Communications Inc (ZM) saw a slight decline despite strong Q4 earnings. Hims & Hers Health, Inc. (HIMS) and Tesla Inc. (TSLA) also experienced stock increases, attributed to positive earnings and expansion news, respectively. U.S. indices closed lower, with the Dow Jones, S&P 500, and Nasdaq all experiencing declines.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 2:26 am

DPZ

PANW

UNH

Jim Cramer, host of CNBC's 'Mad Money,' advises investors to remain bullish despite market uncertainties, highlighting companies like Domino's Pizza and Palo Alto Networks for their strong performance. He attributes stock rises to companies outperforming expectations and adapting well to challenges, rather than irrational market behavior. Cramer's perspective comes amid a record-breaking market rally in 2024, with a mix of optimism and caution among traders.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 1:46 am

ARKK

NVDA

Cathie Wood, founder of ARK Invest, defended the sale of Nvidia (NVDA) shares by highlighting the fund's early investment in NVDA at around $5 in 2014 and the substantial profits made since then. Despite selling nearly $4 million worth of NVDA shares after a post-earnings rally, Wood emphasized ARK's successful early investment strategy. NVDA shares have surged 236.5% over the past 12 months, significantly outperforming ARK's flagship fund, ARK Innovation ETF (ARKK), which has seen much lower returns. ARK's decision to sell NVDA shares has been criticized, especially as NVDA's value soared, adding $273 billion in a single day after its latest earnings beat.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 1:30 am

PHUN

Trading for PHUN was halted at 7:50:00 p.m. ET due to pending news. This action indicates that significant news is expected to be released, which could materially impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:50 am

AUUD

Trading for AUUD was halted at 7:50:00 p.m. ET due to pending news. This action indicates that significant news is expected to be released that could impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:50 am