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BYDDY

TSLA

South Korea has introduced a new EV policy favoring domestic automakers Hyundai and Kia over foreign competitors like Tesla and BYD. The policy aims to give Hyundai and Kia a competitive edge by adjusting subsidies based on vehicle range, price, and battery type, disadvantaging EVs with LFP batteries, predominantly used by Tesla and BYD. This move comes as Tesla's Model Y gains global popularity and BYD leads in BEV sales, with the policy potentially increasing Hyundai's market position.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 6:53 am

CNK

Cinemark Holdings, Inc. (NYSE:CNK) is anticipated to report a narrower Q4 loss of 13 cents per share compared to last year's 82 cents, with revenue expected at $619.68 million versus $599.7 million. The company previously reported a 34.5% year-on-year sales growth for Q3 FY23. Analysts from JP Morgan, Goldman Sachs, B. Riley Securities, Benchmark, and Roth MKM have provided varied ratings and price targets for CNK, reflecting differing outlooks on the company's financial health.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 6:35 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has delayed the delivery of Model S and Model Y in the U.S. due to the EPA's request for retesting these vehicles over range issues. The delay, initially until February 28, has been extended to March 7. This situation arises after Tesla revised the range ratings for these models, attributed to changes in EPA testing methods and the introduction of an 'efficiency package' that increases energy consumption.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 5:33 am

COIN

Coinbase Global Inc (NASDAQ:COIN) reported a doubling in trading volume in Q4, with $154 billion traded. CEO Brian Armstrong highlighted the success of Bitcoin ETFs, noting Coinbase's significant role in custodying 90% of the $36 billion in Bitcoin ETF assets. The company's Q4 earnings exceeded expectations, with earnings of $1.04 per share and revenue of $953.8 million. Armstrong attributed part of this success to the growing appeal of Bitcoin ETFs, which have seen over $4 billion in net inflows. He also mentioned Coinbase's involvement in supporting pro-crypto candidates in the U.S. election through a Super PAC.

Portfolio Pulse from Mehab Qureshi

February 16, 2024 | 5:22 am

COIN

GOOGL

NVDA

TXG

Cathie Wood's Ark Invest sold shares of Coinbase (COIN), Nvidia (NVDA), and Alphabet (GOOGL), while buying shares of Unity Software (U) and 10X Genomics (TXG). The sales occurred despite Coinbase's surprise profit and amidst a Bitcoin rally. Nvidia and Alphabet shares were sold amid AI sector adjustments, with concerns over Nvidia's valuation and Alphabet facing new competition from OpenAI. Ark also increased investments in U and TXG, indicating a bullish outlook on gaming, software, and genomics sectors.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 5:07 am

NVDA

Sarah Kunst, managing director at Cleo Capital, expressed concerns about the sustainability of NVIDIA Corp's (NASDAQ:NVDA) stock price, citing its high price-to-earnings ratio of 97 as indicative of a potential bubble. Despite the AI boom driving Nvidia's stock up, Kunst believes the valuation is unsustainable. Nvidia's market cap has surpassed that of Alphabet and Amazon, but experts like Josh Brown and investor Cathie Wood show caution, with Wood reducing Ark Invest's stake in Nvidia.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 4:50 am

BTCUSD

DOGEUSD

ETHUSD

VETUSD

Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) surged, driven by strong U.S. demand for BTC. The Coinbase Premium Index hit a 9-month high, indicating strong buying pressure from U.S. investors. The global cryptocurrency market cap increased by 3.61% to $1.94 trillion. Meanwhile, U.S. stock markets recovered, with the S&P 500, Nasdaq, and Dow Jones showing gains. Analysts issued warnings and advice regarding entering the cryptocurrency market, highlighting a sell signal on the BTC daily chart.

Portfolio Pulse from Mehab Qureshi

February 16, 2024 | 3:19 am

NVDA

Options traders anticipate an 11% swing in NVIDIA Corp (NASDAQ:NVDA) stock around its earnings report on Feb. 21, marking the largest expected pre-earnings move in three years. The stock has already surged 50% this year, and the potential swing could shift its market value by about $200 billion. Demand for upside options remains high, with the 90-day 25 delta call skew near a five-year peak. Nvidia's recent achievements and investments in AI are seen as key growth drivers.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 2:55 am

LCID

TSLA

Lucid Group Inc (NASDAQ:LCID) announced a $6 million cash bonus for CEO Peter Rawlinson, recognized for his contributions to the Lucid Gravity SUV unveiling. Elon Musk criticized the bonus on X, suggesting it's inversely proportional to performance. Lucid's stock has fallen 65.9% over the past year, despite a recent 5.2% increase.

Portfolio Pulse from Anan Ashraf

February 16, 2024 | 2:47 am

COIN

DKNG

ROKU

SMCI

TSLA

DraftKings, Coinbase, Super Micro Computer, Roku, and Tesla were among the top stocks on investors' radars, with significant movements and news impacting their stock prices. DraftKings reported a 44% increase in Q4 revenue and an acquisition to boost its digital lottery market presence. Coinbase exceeded Q4 revenue estimates with transaction revenue up by 83%. Super Micro Computer surged due to its strong AI market positioning. Roku saw a 14% increase in Q4 revenue, with strategic expansions into branded TVs. Tesla's stock rose amid CEO Elon Musk's compensation plan appeal, reflecting strategic responses to challenges.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 2:17 am