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KGEI

Kolibri Global Energy (NASDAQ:KGEI) reported a Q4 EPS of $0.14, up 75% from $0.08 YoY, but sales fell 27.57% to $9.73M from $13.44M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 6:37 am

AAPL

TSLA

Apple Inc. (AAPL) announced a significant stock buyback program of $110 billion, surprising many including Tesla's CEO Elon Musk. This move, along with a dividend hike, has drawn attention and speculation about whether Tesla will follow suit amidst its own challenges. The tech sector sees a trend of increasing stock buybacks, with total US stock repurchases expected to surpass $1 trillion. Meanwhile, Tesla, facing investor pressure for buybacks in 2022, is navigating through tough market conditions, making capital preservation a priority.

Portfolio Pulse from Shanthi Rexaline

May 03, 2024 | 6:11 am

PAA

Plains All American Pipeline, L.P. (NASDAQ:PAA) is set to release its Q1 earnings before the opening bell on May 3, with analysts expecting a decrease in earnings per share from 41 cents to 39 cents year-over-year, and a projected quarterly revenue of $12.98 billion, down from $15.34 billion. The company's shares rose 1.8% to close at $17.23 recently. Analysts from Stifel, UBS, Goldman Sachs, Citigroup, and Barclays have provided updates on their ratings and price targets for PAA.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 6:07 am

SLNO

Soleno Therapeutics has announced a public offering of 3 million shares of common stock priced at $46 per share, aiming to raise $138 million. The underwriters have a 30-day option to buy up to 450,000 additional shares. The offering is expected to close around May 7, 2024, depending on market conditions and customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 6:07 am

GOLD

KGC

NEM

PTON

SSRM

USGO

Peter Schiff used Peloton's 98.5% stock decline to illustrate his point on the mispricing of gold mining stocks, suggesting a similar but reverse situation exists in the gold mining sector. He highlighted the performance of several gold mining stocks, including Barrick Gold Corp, US Goldmining Inc, SSR Mining Inc, Kinross Gold Corporation, and Newmont Corporation, to underscore the varied performance and potential mispricing in the market.

Portfolio Pulse from Kaustubh Bagalkote

May 03, 2024 | 5:15 am

HSY

Hershey (NYSE:HSY) is expected to report lower Q1 earnings at $2.76 per share compared to $2.96 last year, with revenue projected at $3.11 billion up from $2.99 billion. The company previously raised its quarterly dividend after mixed Q4 results. Analysts have adjusted their ratings and price targets, with changes including downgrades and both increases and decreases in price targets.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 4:52 am

BTCUSD

VUZI

'Rich Dad Poor Dad' author Robert Kiyosaki shares his strategy for wealth growth during the Bitcoin market crash, emphasizing the opportunity to invest in assets like gold, silver, and Bitcoin. He outlines six rules for navigating market downturns and highlights the current economic challenges, including stagflation and the Federal Reserve's steady interest rates. Bitcoin's price action shows a significant increase since the beginning of the year.

Portfolio Pulse from Benzinga Neuro

May 03, 2024 | 4:33 am

ARKB

COIN

FBTC

HODL

Coinbase Global Inc. (NASDAQ:COIN) reported significant growth in Q1 2024, attributed to the excitement around Bitcoin ETFs, leading to all-time highs in trading volume and active clients, especially in its institutional business. The launch of Bitcoin spot ETFs like ARK 21Shares Bitcoin ETF (BATS:ARKB), Fidelity Wise Origin Bitcoin Fund (BATS:FBTC), and VanEck Bitcoin Trust (BATS:HODL) contributed to this surge. Coinbase's revenue and institutional trading volume reached record levels, with total revenue of $1.64 billion, surpassing estimates. The company's stock surged over 300% in the past year, outperforming Bitcoin's 103.13% increase.

Portfolio Pulse from Kaustubh Bagalkote

May 03, 2024 | 4:05 am

VUZI

Block Inc. (NYSE:SQ) CEO Jack Dorsey addressed a potential DOJ investigation into Bitcoin transactions linked to sanctioned countries during the company's Q1 earnings call. Dorsey highlighted the company's proactive compliance measures, including a thorough review of transactions, real-time screening with blockchain analytics, and maintaining restrictive withdrawal limits. Despite facing scrutiny over allegations of processing transactions for terrorists, Block Inc. reported strong Q1 earnings, leading to a 7.80% surge in after-hours trading. Dorsey also mentioned new features for Square merchants and developments in Bitcoin mining.

Portfolio Pulse from Kaustubh Bagalkote

May 03, 2024 | 3:30 am

AAPL

AMGN

COIN

TSLA

Apple, Coinbase, Block, Amgen, and Tesla stocks were in focus following their latest financial results and strategic moves. Apple announced a $110-billion stock buyback and a dividend increase after beating Q2 expectations. Coinbase's Q1 results exceeded estimates with record institutional trading volume. Block reported strong Q1 earnings, surpassing analyst expectations. Amgen's Q1 earnings also beat estimates with a significant sales increase. Tesla slightly rose after reports of abandoning its gigacasting manufacturing process amid challenges.

Portfolio Pulse from Benzinga Neuro

May 03, 2024 | 3:07 am