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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

LYFT

RDDT

RIVN

TSLA

UBER

On Tuesday, major U.S. indices showed mixed results with the Dow Jones slightly up and the Nasdaq slightly down. Reddit, Rivian, Lyft, Uber, and Tesla were among the top stocks watched by investors. Reddit reported better-than-expected sales but missed on earnings, Rivian beat revenue estimates, Lyft exceeded sales forecasts but missed on earnings, Uber announced a partnership with Maplebear for Uber Eats, and Tesla halted production at its German Gigafactory due to protests.

Portfolio Pulse from Benzinga Neuro

May 08, 2024 | 4:04 am

BTCUSD

Argentina, under President Javier Milei, has introduced a 10,000-peso note to combat hyperinflation and currency devaluation. The move aims to simplify transactions and improve the financial system's efficiency amidst an annual inflation rate of 287%. Despite ongoing economic challenges, investor confidence in Argentina has increased, partly due to Elon Musk's endorsement of Argentine stocks, leading to a significant market rally. Bitcoin has also seen a substantial year-to-date increase of 42.09%.

Portfolio Pulse from Kaustubh Bagalkote

May 08, 2024 | 3:56 am

COIN

DDOG

DKNG

PLTR

RKLB

TWST

Cathie Wood's Ark Invest made notable trades by purchasing $29M worth of Palantir (PLTR) shares and selling over $15M in Coinbase (COIN) shares. The move to buy PLTR came despite its recent dip following its Q1 financial results and softer guidance. Meanwhile, the sale of COIN shares occurred amidst a softening Bitcoin price and regulatory actions against Robinhood, a Coinbase competitor. Other trades included selling DraftKings (DKNG), buying Rocket Lab USA (RKLB), selling Twist Bioscience (TWST), and buying Datadog (DDOG).

Portfolio Pulse from Benzinga Neuro

May 08, 2024 | 3:27 am

CMCSA

DIS

Disney is enhancing its streaming service by adding an ESPN tile to Disney+ for U.S. subscribers, aiming to include select live games and studio programming by end of 2024. CEO Bob Iger also announced a shift in Marvel's content strategy to focus on quality over quantity, reducing the number of TV series and films produced annually. Additionally, Iger expressed confidence in securing a long-term NBA rights deal for ESPN. These strategic moves come as Disney's direct-to-consumer segment reaches profitability, despite moderating growth in its parks segment. Disney is also in negotiations with Comcast Corporation over Hulu's valuation.

Portfolio Pulse from Kaustubh Bagalkote

May 08, 2024 | 3:18 am

BTCUSD

DOGEUSD

ETHUSD

HOOD

The cryptocurrency market experienced further declines, with Bitcoin, Ethereum, and Dogecoin seeing significant drops amid regulatory concerns, particularly after Robinhood received a Wells Notice from the SEC. Despite this, some cryptocurrencies like AIOZ Network showed gains. The overall market sentiment remains weak, with a notable increase in long positions for Bitcoin. Meanwhile, traditional stock markets saw mixed results, and the U.S. Treasury yield slightly increased. Analysts suggest that most top market cap cryptocurrencies are in slight buy zones, with Cardano highlighted as a potential buy.

Portfolio Pulse from Aniket Verma

May 08, 2024 | 2:27 am