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E

Eni (NYSE:E) reported Q1 2024 adjusted EPS of $1.04, surpassing the $0.56 estimate, but saw a 43.62% decrease from last year's $1.85. Sales of $24.908B missed the $29.297B estimate, marking a significant decrease from the previous year's $29.176B.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:42 am

GOOG

META

MSFT

ORCL

Senator Markwayne Mullin, who owns Meta Platforms Inc. (META) stock, denies conflict of interest in the upcoming vote to potentially ban TikTok, arguing his stance is against the Chinese Communist Party, not a company. The controversy highlights increasing regulatory pressure on TikTok, with the U.S. House of Representatives passing a bill for its sale or ban. Analysts suggest Meta and Alphabet Inc. could benefit from a TikTok ban, with Microsoft Corp. and Oracle Corp. as potential buyers.

Portfolio Pulse from Benzinga Neuro

April 24, 2024 | 8:40 am

GLD

NVDA

Schiff Gold, founded by Peter Schiff, suggests gold's use in technology, particularly in GPUs for AI applications, is set to increase, potentially driving its demand and price up. Nvidia is highlighted for using 'conflict-free' gold in its products. The firm anticipates the tech sector's competition and advancements in AI will make the cost of gold in GPUs less relevant, despite gold's primary use in investment and jewelry. Gold futures have risen 13% YTD, influenced by expectations of a Fed rate cut and inflationary economy benefits. SPDR Gold Shares (GLD) saw a slight decrease in its latest session.

Portfolio Pulse from Shanthi Rexaline

April 24, 2024 | 8:40 am

NVDA

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), expressed dissatisfaction with the term GPU during the company's first-quarter earnings call, highlighting Tesla's rapid progress in AI infrastructure expansion. Tesla has installed 35,000 H100 computers, with plans to reach 85,000 by year-end, primarily for AI training. Musk's comments follow Tesla's reported Q1 revenue of $21.0 billion, a 9% decrease year-over-year, missing estimates. Meanwhile, Nvidia Corporation (NASDAQ:NVDA) has seen significant demand for its H100 chip, contributing over $1 trillion to its value, with customers facing up to six months' wait times.

Portfolio Pulse from Ananya Gairola

April 24, 2024 | 7:39 am

CALT

Calliditas Therapeutics AB (NASDAQ:CALT) announced positive results from the open-label extension study of the Phase 3 NefIgArd study for IgAN patients, showing consistent treatment response across key endpoints.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 7:29 am

GOOG

META

MSFT

Meta Platforms, Inc. (NASDAQ:META) is anticipated to report a significant increase in Q1 earnings, with expectations set at $4.32 per share compared to $2.20 in the previous year. Revenue is also expected to rise to $36.16 billion from $28.64 billion. The company's AI assistant will now feature real-time search results from Google and Bing. Following these announcements, Meta's stock increased by 3% to $496.10. Analysts have recently updated their ratings, with price targets ranging from $550 to $610.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 6:45 am

TSBK

Timberland Bancorp (NASDAQ:TSBK) reported a decrease in Q2 earnings to $0.70 per share from $0.80 YoY and a sales decline to $18.25M from $19.79M YoY.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 6:45 am

LPTV

NYSE American issued a non-compliance warning to Loop Media (LPTV) regarding its continued listing standards, indicating potential issues with meeting the exchange's requirements.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 6:43 am

BA

F

STX

T

TSLA

Wall Street anticipates mixed financial results for Boeing, Tesla, AT&T, Seagate Technology, and Ford. Boeing is expected to report a loss, while Tesla's recent earnings missed expectations but plans to accelerate new model launches. AT&T's earnings are awaited, Seagate reported strong earnings but missed on sales, and Ford's earnings are also anticipated. These developments could influence stock movements today.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 6:22 am

BA

F

GM

JBLU

META

PEP

T

U.S. stocks closed higher with the Dow Jones jumping over 250 points amid improved investor sentiment. General Motors, PepsiCo, and JetBlue Airways reported their quarterly financial results, with GM and PepsiCo beating expectations, while JetBlue's weak revenue outlook led to a 19% drop in its shares. The S&P 500 and Nasdaq also saw gains, with most sectors ending positively except for materials. Earnings season continues with anticipation for results from Ford, AT&T, Boeing, and Meta Platforms.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 6:18 am