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RNLSY

RNSDF

Renault Group has postponed the IPO of its EV and software arm Ampere due to unfavorable stock market conditions. Initially planned for the first half of 2024, Renault now aims to fund Ampere until it reaches breakeven in 2025. The decision follows Renault's ability to generate sustainable cash flow, as demonstrated by its 2023 results. Ampere will concentrate on reducing EV costs and launching new vehicles.

Portfolio Pulse from Anan Ashraf

January 30, 2024 | 9:15 am

CHT

Chunghwa Telecom (NYSE:CHT) reported a significant decrease in Q4 EPS to $0.03, down from $0.35 YoY, despite a slight increase in sales to $1.94B from $1.90B YoY.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 8:57 am

SHIBUSD

Shiba Inu (CRYPTO: SHIB) experienced a significant increase in token burns, with a 1,500% rise in a single day. This surge is linked to the upcoming integration of 1,000 new projects into Shibarium, their Layer-2 solution. Shibarium currently supports NFTs, DEXs, and dApps, and has a TVL of $808,810. The burn was executed by three entities sending 59 million SHIB to a 'dead' address, effectively removing them from circulation.

Portfolio Pulse from Mehab Qureshi

January 30, 2024 | 8:57 am

DIS

TSLA

Tesla, Inc. (TSLA) surpassed Disney Co. (DIS) in annual revenue for 2023, reporting $96.77 billion, a 19% increase over the previous year, compared to Disney's $88.90 billion. Despite this, Tesla's stock faced challenges after missing EPS expectations for two consecutive quarters and lowering its 2024 volume growth forecast. Tesla's market cap dropped significantly in January, but shares recovered slightly on Monday. Analysts have mixed views, with some adjusting their outlooks and suggesting strategies for recovery, while others express concern over the near-term future of the stock.

Portfolio Pulse from Shanthi Rexaline

January 30, 2024 | 8:11 am

AMZN

GOOG

GOOGL

IRBT

MSFT

PFE

Market sentiment improved slightly with the CNN Money Fear and Greed index indicating 'Extreme Greed'. The S&P 500 hit a new record ahead of major tech earnings and the Fed's interest-rate decision. iRobot shares fell 8.8% after terminating its acquisition agreement with Amazon. The Dallas Fed's manufacturing index dropped significantly. The Dow Jones, S&P 500, and Nasdaq closed higher. Investors anticipate earnings from Microsoft, General Motors, Alphabet, and Pfizer.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 8:03 am

FFIV

GOOG

MSFT

SMCI

Investors are watching Alphabet, Microsoft, F5, Super Micro Computer, and General Motors as U.S. stock futures trade lower. Alphabet is expected to report earnings with an EPS of $1.59 and revenue of $85.33 billion. F5 reported better-than-expected Q1 results, causing a 9.2% stock increase. Microsoft is anticipated to post an EPS of $2.78 and revenue of $61.10 billion. Super Micro Computer released positive Q2 results, leading to a 10.5% stock jump. General Motors is expected to report earnings with an EPS of $3.56 and revenue of $4.98 billion.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 7:55 am

BTCUSD

ETHUSD

SOLUSD

Anthony Scaramucci, founder of Skybridge Capital and former White House official, criticized Senator Elizabeth Warren's stance on cryptocurrency, calling her 'absolutely repulsive and hypocritical.' He labeled Warren and SEC's Gary Gensler as the 'axis of regulatory evil' for their approach to crypto regulation. Scaramucci believes Warren's perspective could harm the unbanked and those outside the U.S. who can't trust their currencies or banks. He also expressed bullish views on Bitcoin, predicting a significant price increase post the upcoming halving event. Scaramucci reported Skybridge Capital's cryptocurrency investments, including Bitcoin, Ethereum, and Solana, have seen a 130% rise.

Portfolio Pulse from Mehab Qureshi

January 30, 2024 | 7:36 am

TPST

Tempest Therapeutics has announced significant progress in liver cancer treatment, presenting promising efficacy and safety data at the ASCO Annual Meeting 2024. This breakthrough could potentially improve treatment options for liver cancer patients.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 7:23 am

SIDU

Sidus Space, Inc. (NASDAQ:SIDU) has priced an underwritten public offering of 1,251,700 Class A shares (or Pre-funded Warrants) at $4.50 each, aiming to raise approximately $5.63 million before underwriting discounts and offering expenses. All offered securities are being sold by the Company.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 7:11 am

AAPL