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AMD

ARKQ

BYDDY

QCOM

SOXX

TSM

Cathie Wood's Ark Invest engaged in significant stock purchases ahead of AMD's earnings report, buying shares in AMD, TSMC, and Qualcomm through its ARKQ ETF. Additionally, Ark bought shares in BYD Co. Ltd., a Chinese EV company backed by Warren Buffett. The iShares Semiconductor ETF (SOXX) also saw an increase. Ark's ARKK ETF closed up 2.41%.

Portfolio Pulse from Shanthi Rexaline

April 30, 2024 | 8:54 am

ADDYY

adidas reported a significant increase in Q1 earnings to $1.04 per share, up from a loss of $(0.10) YoY, with sales rising 4.88% to $5.94B from $5.66B YoY.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:52 am

FCPT

Four Corners Property Trust (FCPT) has acquired a Patient First Urgent Care property in Pennsylvania for $6.6 million. The property, situated in a busy corridor, is under a triple net lease with about ten years left on its term. The deal was completed at a 7.1% cap rate on rent, excluding transaction costs.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:42 am

TSLA

Tesla Inc (NASDAQ:TSLA) faces a challenge in Q2 with expected lower demand for the Model 3 due to the federal EV tax credit eligibility, favoring the Model Y. The tax credit makes the Model Y cheaper than the Model 3 for eligible customers, potentially impacting Tesla's deliveries. Tesla's first-quarter deliveries declined by 8.5% year-on-year, marking the first drop in quarterly deliveries in four years. Despite this, CEO Elon Musk anticipates higher sales in 2024 compared to 2023.

Portfolio Pulse from Anan Ashraf

April 30, 2024 | 8:40 am

SFBC

Sound Financial Bancorp (NASDAQ:SFBC) reported a significant decrease in Q1 earnings and sales YoY, with EPS down to $0.30 from $0.83 and sales dropping to $8.56M from $10.34M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:37 am

TFFP

TFF Pharmaceuticals has priced a public offering at $2.875 per share, including 1,665,219 shares and equal warrants, with warrants exercisable at $2.75, expiring in five years. The offering is expected to close by May 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:35 am

EAF

Institutional Shareholder Services Inc. (ISS) released a report on April 26, 2024, supporting shareholder concerns about GrafTech (EAF), highlighting the company's significant underperformance and destruction of shareholder value since its IPO on April 19, 2018. The report underscores the urgent need for change at GrafTech, citing poor Total Shareholder Return (TSR) compared to peers and relevant indexes over various periods.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:25 am

TSLA

Elon Musk's recent visit to China has been highlighted as a significant move for Tesla, showcasing Musk's seriousness and gaining investor confidence. The visit, which included a meeting with China's Li Qiang, signals strong government endorsement in China, a crucial market for Tesla. This comes as Tesla recently met China's data security requirements for its vehicles, a step forward for deploying its full self-driving software in China. Tesla's stock spiked over 15% following these developments, indicating a positive market response.

Portfolio Pulse from Benzinga Neuro

April 30, 2024 | 7:42 am

AIQ

NVDA

Nvidia CEO Jensen Huang, in a CBS News interview, expressed optimism about AI's impact on the workforce, suggesting AI will lead to companies hiring more workers with higher earnings due to increased productivity. He emphasized the irreplaceable value of human judgment in certain situations. The discussion also included insights from other experts and industry leaders, indicating a broad consensus on AI's potential to enhance human productivity rather than replace it. The Global X Artificial Intelligence & Technology ETF (AIQ) showed positive market movement, reflecting investor interest in AI.

Portfolio Pulse from Shanthi Rexaline

April 30, 2024 | 7:31 am

NFLX

The Netflix series 'Drive to Survive' has significantly diversified and expanded Formula One's fanbase, attracting a more diverse and younger audience, including a notable increase in female fans. The show's success in popularizing F1, especially in the U.S., has contributed to Netflix's continued subscriber growth, despite recent price hike concerns. Analysts predict a potential for over 25% upside in Netflix's stock due to its strong performance and the monetization potential of its original content.

Portfolio Pulse from Benzinga Neuro

April 30, 2024 | 6:49 am