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PHG

Koninklijke Philips (NYSE:PHG) reported Q1 2024 adjusted EPS of $0.28, surpassing the $0.26 estimate, and sales of $4.494B, exceeding the $4.168B estimate. This represents a 17.5% increase in EPS and a 0.49% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 5:13 am

NDTAF

NVDA

Northern Data (OTC:NDTAF), a Frankfurt-based tech company, has shifted its focus from Bitcoin mining to cloud solutions and data center infrastructure, catching the attention of Berenberg Bank. Berenberg has initiated coverage with a Buy rating and a price target suggesting a 53.2% upside. The company's partnership with NVIDIA Corp (NASDAQ:NVDA) as an 'Elite' partner for cloud computing and its investments in liquid-cooling technology are highlighted as key growth drivers.

Portfolio Pulse from Benzinga Neuro

April 29, 2024 | 4:58 am

AAPL

GOOGL

META

Meta Platforms Inc. and Alphabet Inc. are revising their strategies to compete with Apple Inc.'s iPhone and Vision Pro. Meta is opening its VR operating system to all headset manufacturers, challenging Apple's closed ecosystem. Google has restructured its management, with Rick Osterloh overseeing Android, aiming to enhance revenue and establish a stronger presence in mixed-reality, an area where Google lags behind Apple and Meta. Despite criticism for its high price, Apple's Vision Pro has been praised for its advanced technology.

Portfolio Pulse from Ananya Gairola

April 29, 2024 | 4:57 am

BTCUSD

Crypto analysts have noted a significant decrease in Bitcoin whale activity since March 14, leading to speculation of a potential price surge. Ali Martinez highlighted the lull in transactions, suggesting an increase could boost Bitcoin prices. Despite a recent large deposit into Kraken, concerns of a potential downturn loom, with Bitcoin trading at $62,659, down 0.71% over 24 hours but up 41.85% YTD.

Portfolio Pulse from Benzinga Neuro

April 29, 2024 | 4:38 am

BTCUSD

SOLUSD

Bitcoin (BTC) is facing a potential downturn, with analysts warning of a 'second danger zone' similar to post-2016 halving corrections. A significant Bitcoin whale deposited $77.67 million worth of BTC into Kraken, indicating possible profit-taking and a forthcoming price correction. Meanwhile, Altcoin Sherpa predicts a 267% surge in Solana (SOL) by the end of 2024, alongside potential gains in AI-focused cryptocurrencies Fetch.ai (FET) and Render (RNDR). The article also discusses the state of meme coins, suggesting a possible consolidation and resurgence.

Portfolio Pulse from Kaustubh Bagalkote

April 29, 2024 | 3:10 am

BYDDY

TSLA

BYD Co. is charging significantly higher prices for its EVs in Europe compared to China, aiming for higher profits amidst fierce domestic competition. Unlike Tesla, which marks up its Model 3 by 37% in Germany, BYD's markups can reach nearly triple the Chinese prices. This strategy helps BYD avoid the 'cheap Chinese product' stigma and build a premium brand. However, Europe's slowing EV market and potential trade tensions could challenge BYD's strategy. Tesla's more modest markup contrasts with BYD's aggressive pricing, reflecting different market strategies.

Portfolio Pulse from Benzinga Neuro

April 29, 2024 | 1:43 am

ASAN

Elon Musk, CEO of Tesla and SpaceX, criticized Asana Inc. (NYSE:ASAN), a company owned by Facebook co-founder Dustin Moskovitz, on his social media platform X. Musk's comments were in response to a post that disparaged Asana's work management model, suggesting it offers nothing more than a basic to-do list functionality. This exchange follows Moskovitz's accusations against Tesla for consumer fraud, likening it to Enron's scandal, which Musk rebutted sharply.

Portfolio Pulse from Ananya Gairola

April 29, 2024 | 1:31 am

CLF

NSC

Cleveland-Cliffs has announced its support for Ancora in its dispute with Norfolk Southern. This development could influence the strategic direction and operations of Norfolk Southern, potentially impacting its stock performance.

Portfolio Pulse from Charles Gross

April 29, 2024 | 12:44 am

PARA

The Redstone family and David Ellison have proposed concessions to make Paramount Global more attractive to smaller investors, with Ellison planning to purchase shares at a premium. This move is aimed at boosting investor confidence and appeal in Paramount Global.

Portfolio Pulse from Charles Gross

April 29, 2024 | 12:38 am

BMY

EDU

LKQ

LUV

MANH

META

MSCI

NUE

RS

TXT

Last week, ten large-cap stocks including LKQ, MSCI, Textron, New Oriental Education, Bristol-Myers Squibb, Manhattan Associates, Reliance, Meta Platforms, Southwest Airlines, and Nucor reported significant declines due to various factors such as earnings misses, reduced outlooks, and analyst downgrades.

Portfolio Pulse from Lekha Gupta

April 28, 2024 | 10:27 pm