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TSLA

U.S. Treasury Secretary Janet Yellen began her visit to China, focusing on strengthening economic relations while addressing concerns over China's manufacturing overcapacity and its global implications. Yellen emphasized the importance of a level playing field for American workers and firms and the need for open dialogue. She criticized China's industrial subsidies and expressed concerns over China's green energy exports potentially harming American firms. The visit highlights ongoing economic tensions, particularly in sectors like semiconductors, green energy, and electric vehicles (EVs), with companies like Tesla and BYD mentioned in the context of the growing EV market.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 6:42 am

COIN

ETH-USD

Brett (CRYPTO: BRETT), a meme coin on Coinbase's layer-2 network Base, has seen a 30% increase in the last week. Analyst Ali Martinez predicts a potential 80% rise to a new all-time high of $0.130. Base's usage has surged, with its total value locked reaching $1.202 billion and daily transactions hitting a record 2.34 million.

Portfolio Pulse from Mehab Qureshi

April 05, 2024 | 6:34 am

SNX

TD SYNNEX announced a secondary public offering of 5,309,299 common stock and a concurrent share repurchase of 1,750,000 shares. The offering is expected to close on April 9, 2024. TD SYNNEX will not receive proceeds from the sale but will fund the repurchase from existing cash.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 6:16 am

FOUR

MGNX

SMTC

Investment analysts have upgraded price targets for six stocks, including four U.S.-listed companies: Shift4 Payments Inc (FOUR), Semtech Corp (SMTC), Formula One Group, and MacroGenics Inc (MGNX), with MacroGenics expected to see an 82% surge due to positive trial data. Despite market volatility, these upgrades suggest potential investment opportunities.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 6:15 am

EWU

The U.K. Halifax House Price Index for March showed a decrease of 1.0%, contrasting with the expected 0.3% increase and a revision of the prior month's figure to 0.3%. The ETF EWU, which tracks the performance of the U.K. market, may be impacted.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 6:01 am

TSLA

Tesla Inc (NASDAQ:TSLA) has restarted its offer to allow transferring Full Self-Driving (FSD) software to new vehicle purchases. This decision follows previous instances in 2023 and early 2024 where Tesla permitted such transfers, responding to owner requests. The FSD, priced at $12,000, can now be transferred across Tesla's lineup without requiring a trade-in of the existing vehicle with FSD. This move is part of Tesla's efforts to increase FSD adoption, including a 30-day free trial, as the company works towards achieving fully autonomous driving capabilities.

Portfolio Pulse from Anan Ashraf

April 05, 2024 | 6:01 am

RYDE

Ryde Group Ltd, a Singapore-based tech company specializing in mobility and quick commerce, celebrated its IPO success by participating in the NYSE closing bell ceremony with its senior management team on April 4, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 6:00 am

DIS

Nelson Peltz praised Elon Musk in a CNBC interview, highlighting Musk's brilliance and humility. Musk endorsed Peltz for Disney's board, aiming to improve its share price. This contrasts Musk's previous criticisms of Disney and CEO Bob Iger. Musk's support for Peltz came despite Disney's victory over Trian and Blackwells' nominees in a shareholder vote.

Portfolio Pulse from Ananya Gairola

April 05, 2024 | 5:44 am

GBX

The Greenbrier Companies, Inc. (NYSE:GBX) is anticipated to report lower earnings for Q2, with expectations set at 86 cents per share compared to 99 cents in the previous year. Revenue is projected at $843.28 million. Despite a positive performance in Q1, GBX shares dropped 3.8% recently. Analysts from B of A Securities, Wells Fargo, and Stephens & Co. have provided varied ratings and price targets for GBX, reflecting differing outlooks on the company's future performance.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 4:50 am

BTCUSD

DOGEUSD

ETHUSD

Despite hawkish comments from Minneapolis Fed President Neel Kashkari, major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin surged. Kashkari's remarks led to a downturn in stocks, marking the Dow Jones Industrial Average's most significant decline since March 2023. Cryptocurrency analysts predict a potential bullish trend for Bitcoin, with the upcoming halving event and several critical indicators aligning, suggesting a possible significant breakout.

Portfolio Pulse from Mehab Qureshi

April 05, 2024 | 4:15 am