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LCID

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), mocked Lucid Group (NASDAQ:LCID) following their Q1 report showing a net loss of $680.9 million with $172.7 million in revenue. Musk's reaction came after comments on Twitter and Lucid CEO Peter Rawlinson's claims about Lucid's in-house technology and partnership with Saudi Arabia's Public Investment Fund. Musk has previously criticized Lucid's spending, potential bankruptcy, and Rawlinson's compensation.

Portfolio Pulse from Anan Ashraf

May 07, 2024 | 9:23 am

FXI

TSLA

Reuters reported that Tesla sold 62,167 China-made vehicles in April, marking an 18% decrease year-over-year, according to the China Passenger Car Association.

Portfolio Pulse from Charles Gross

May 07, 2024 | 9:12 am

SHIBUSD

'Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) experienced an 84% decrease in its burn rate over the last 24 hours, with only 12.47 million coins burned. This decline is attributed to reduced activity on its layer-2 blockchain, Shibarium, despite a previous upward trend in token burning. SHIB's price fell nearly 5% in the same period, with trading volume increasing by 70%.

Portfolio Pulse from Aniket Verma

May 07, 2024 | 8:49 am

SKWD

Skyward Specialty Insurance (SKWD) has announced a secondary offering of 4.4 million shares priced at $36.50 per share by The Westaim Corporation. Skyward Specialty will not benefit financially from this offering as all proceeds go to The Westaim Corporation, who will also cover the underwriting discounts and commissions.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:04 am

SRE

Sempra (NYSE:SRE) is anticipated to report lower Q1 earnings with an expected EPS of $1.34, down from $1.46 year-over-year, and revenue forecasted at $5.58 billion versus $6.56 billion previously. Despite a recent earnings beat, its shares dipped 0.3%. Analysts from Morgan Stanley, Barclays, RBC Capital, Mizuho, and BMO Capital have provided varied ratings and price targets, reflecting a generally positive outlook.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 7:58 am

RACY

Relativity Acquisition has received a further delisting determination from Nasdaq due to non-compliance, indicating ongoing issues with meeting the exchange's listing requirements.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 7:50 am

DIS

MCK

TSN

Despite a slight decline in investor optimism as indicated by the CNN Money Fear and Greed index, the Dow Jones recorded gains for the fourth consecutive day. U.S. job growth in April was below expectations, with 175,000 nonfarm payrolls added. Micron Technology shares surged 5% following an upgrade by Baird, while Tyson Foods shares dropped 5.7% due to disappointing Q2 revenue. The S&P 500 and Nasdaq also saw gains, with most sectors ending higher except for real estate. Upcoming earnings from McKesson, Electronic Arts, and Walt Disney are anticipated.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 7:50 am

CVGI

DIS

MCK

UBS

Wall Street anticipates earnings reports from Disney, Electronic Arts, and McKesson, with Disney and EA expected to release their quarterly earnings today. UBS Group reported better-than-expected Q1 results, while Commercial Vehicle Group posted disappointing Q1 earnings. Disney, UBS, and EA shares saw slight increases in after-hours trading, whereas Commercial Vehicle's shares dropped.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 7:48 am

AAPL

Apple, Inc. (NASDAQ:AAPL) is expected to focus on AI strategy following better-than-expected March quarter results, with a bullish outlook from Wedbush analyst Daniel Ives. Ives anticipates the iPhone 16, featuring new AI capabilities, to drive growth and potentially introduce a separate AI App Store. Apple's stock is rated 'Outperform' with a $250 price target by Wedbush.

Portfolio Pulse from Shanthi Rexaline

May 07, 2024 | 7:42 am

COST

PEP

TSLA

WMT

Tesla Inc.'s Semi trucks are gaining significant traction among S&P 500 companies, with a recent sighting of a Semi truck featuring the Costco Wholesale Corp. logo in California. This follows previous engagements with Walmart Inc. and PepsiCo Inc., who have also shown interest in Tesla's electric trucks. Tesla anticipates starting Semi deliveries in late 2025, with increased production expected at Gigafactory Nevada.

Portfolio Pulse from Ramakrishnan M

May 07, 2024 | 7:38 am