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ARKX

PRNT

VLD

Velo3D, Inc. (NYSE:VLD) shares plummeted after announcing a $12 million public offering of 34.28 million shares and warrants at $0.35 each. The offering aims to fund working capital, capital expenditures, and repay senior secured notes due 2026. VLD's stock dropped 40.14% to $0.2781. Investors can also access VLD through 3D Printing ETF (BATS:PRNT) and ARK Space Exploration & Innovation ETF (BATS:ARKX).

Portfolio Pulse from Lekha Gupta

April 10, 2024 | 2:29 pm

AMZN

NFLX

TOON

Kartoon Studios Inc (AMEX:TOON) reported Q4 revenue of $8.8 million and full-year 2023 revenue of $44.1 million, highlighting the success of its Kartoon Channel! platform. The company announced the launch of the Stan Lee store on Amazon.com, focusing on branded merchandise. Comparatively, Kartoon Studios reached operational break-even faster than Netflix Inc (NASDAQ:NFLX). The company plans to enhance operational efficiency and grow revenue by focusing on the Stan Lee brand and implementing AI technology.

Portfolio Pulse from Adam Eckert

April 10, 2024 | 2:28 pm

ENPH

Enphase Energy Inc (NASDAQ:ENPH) shares dropped 7.2% to $113.20 amid overall market weakness due to hotter-than-expected March inflation data, with the CPI rising to 3.5%. This inflation increase, marking the second consecutive month of growth, could lead to higher input costs and reduced demand for Enphase Energy's renewable energy solutions.

Portfolio Pulse from Henry Khederian

April 10, 2024 | 2:24 pm

NCL

Northann Corp (NYSE:NCL) has entered into a cross-licensing agreement with I4F, a provider of patents and technologies for the flooring industry. This partnership aims to enhance their digital printing offerings, with Northann planning to manufacture its 3D printing ecosystem in the U.S., significantly reducing production costs. Despite the positive news, NCL shares dropped by 2.94% to $0.5249.

Portfolio Pulse from Shivani Kumaresan

April 10, 2024 | 2:19 pm

BTCUSD

Bitcoin (BTC) fell 4.4% after the US CPI for March exceeded forecasts, indicating higher inflation than expected. This has dampened expectations for a Federal Reserve rate cut this summer, a previously anticipated bullish catalyst for Bitcoin. The Dollar Index rose by 0.73% in response. Analysts now see a rate cut more likely in September, adjusting their outlook for Bitcoin and the broader financial markets.

Portfolio Pulse from Ivan Crnogatić

April 10, 2024 | 2:19 pm

DAL

Delta Air Lines CEO expressed optimism about the airline's future, stating that Delta's core consumers are in a healthy financial position and prioritize travel. He described the current industry backdrop as the most constructive he has seen in his career.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:16 pm

MSTR

Financial analysis of MicroStrategy's (NASDAQ:MSTR) options market reveals a bearish sentiment with 63% of traders showing bearish tendencies. The analysis highlighted 71 unusual trades, with a focus on a price band between $550.0 and $3800.0. The largest trades observed were predominantly bearish, with significant put trades. MicroStrategy, a provider of enterprise analytics and mobility software, is currently trading at $1438.21, down by -0.2%. Analysts have set an average price target of $1771.0, with varying ratings from Buy to Outperform.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 2:16 pm

DELL

A significant amount of options trading activity on Dell Technologies (NYSE:DELL) has been observed, indicating a bearish sentiment among big-money investors. Benzinga's options scanner revealed 10 unusual trades, with a sentiment split of 40% bullish and 60% bearish. The trades include 4 puts and 6 calls, focusing on a price range between $80.0 and $155.0 for DELL. The current market position of DELL shows a trading volume of 1,469,158, with the price down by -1.92% at $121.35. The RSI suggests the stock may be approaching overbought territory, with earnings expected in 50 days.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 2:15 pm

EZGO

GSUN

SWIM

Shares of companies in the consumer discretionary sector are down due to market weakness after March inflation data exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:09 pm

ALLY

PNC

UBS

Shares of companies in the financial sector are trading lower due to market weakness following hotter-than-expected March inflation data.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:02 pm