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TSLA

Deutsche Bank has revised its forecast for Tesla's Q1 deliveries down to 414,000 from a previous estimate of 427,000, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:30 pm

LUNR

Intuitive Machines Inc (NASDAQ:LUNR) shares are trading lower after the company filed a prospectus for an offering of up to $300 million of its common stock. The filing includes an offering of 159,808,031 shares and 8.295 million warrants. Despite a recent rally due to its successful moon landing mission, the stock is down 4.36% at $6.58. The company reported $4.5 million in cash and $54.6 million including warrant exercises as of March 1.

Portfolio Pulse from Adam Eckert

March 28, 2024 | 1:29 pm

DJT

Richard W. Painter, former White House ethics lawyer, expressed concerns about the risks associated with the merger of Trump Media & Technology Group Corp (NASDAQ:DJT), citing previous Trump ventures that led to losses and bankruptcy. He highlighted potential conflicts of interest and the impact on the social media industry if Trump were to win the 2024 presidential election. Financial commentators and economists have mixed reactions, with some predicting significant gains for DJT, while others remain skeptical about its valuation.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 1:28 pm

GOOG

GOOGL

SNOW

Snowflake Inc (NYSE:SNOW) shares rose following insider buying by new CEO Sridhar Ramaswamy, who purchased 31,542 shares at an average price of $158.52. Ramaswamy's investment totals $5 million. This move comes after former CEO Frank Slootman retired last month. Ramaswamy, with a significant background at Alphabet Inc's Google, is expected to bring valuable experience to Snowflake.

Portfolio Pulse from Adam Eckert

March 28, 2024 | 1:28 pm

CAAS

China Automotive Systems, Inc (NASDAQ:CAAS) reported a significant increase in its fourth-quarter FY23 sales, with a 23.6% growth year-on-year to $159.20 million. The company's gross profit margin expanded by 240 basis points to 21.8%, and its gross profit rose by 38.8% to $34.7 million. Operating income for the quarter was $13.6 million, compared to an operating loss of $(2.6) million in the same quarter of the previous year. Net income attributable to common shareholders increased by 153.5% to $10.9 million. The company expects FY24 revenue of $605 million, above the estimate of $593.11 million. CAAS shares surged 7.12% to $3.61 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 28, 2024 | 1:28 pm

AMC

AMC Entertainment Holdings Inc (NYSE:AMC) announced an at-the-market offering program to sell up to $250 million of its common stock, aiming to enhance liquidity and manage debts. The decision comes in response to a challenging first quarter, influenced by industry strikes and increased seasonal working capital requirements. AMC's stock price fell 11.5% following the announcement. The company's 200-day moving average is $16.16, significantly above its current price of $3.85.

Portfolio Pulse from Adam Eckert

March 28, 2024 | 1:27 pm

AAPL

AMC

DJT

HOOD

MSTR

NKLA

NVDA

RDDT

TSLA

TSM

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:23 pm

BTCUSD

MSTR

Kerrisdale Capital has released a report titled 'Long BTC / Short MicroStrategy Inc (MSTR) Know When To HODL, Know When To FODL', suggesting investors to go long on Bitcoin and short on MicroStrategy Inc. (MSTR), indicating a bearish outlook on MSTR while being bullish on Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:22 pm

NXL

Nexalin Technology's shares surged following the announcement of positive clinical study results for its Gen-2 tACS device, aimed at reducing pain in veterans with Mild Traumatic Brain Injury.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:21 pm

DLNG

Dynagas LNG Partners (NYSE:DLNG) reported Q4 earnings with an EPS of $0.2, missing estimates by -33.0% against an expected $0.3. Revenue increased by $1.89 million year-over-year. Despite missing last quarter's EPS estimate, the share price increased by 3.0% the following day. Historical earnings show a pattern of missed EPS estimates but increased revenues.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 1:20 pm