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Stock Prices

APLD

Applied Digital's stock trades lower following the announcement of disappointing Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:08 am

BLK

BlackRock's shares have seen an increase following the announcement of their first-quarter financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:03 am

GLD

UNG

USO

On Thursday, U.S. stock markets ended mostly higher, with the Nasdaq and S&P 500 seeing gains, driven by tech momentum stocks amid cooling inflation signs. U.S. producer prices and initial jobless claims both came in below expectations. Despite a drop in stocks on Wednesday due to higher-than-expected CPI data, technology stocks led gains in the S&P 500. The Dow Jones slightly declined. Asian markets were mixed, with Japan's Nikkei 225 gaining, while markets in Australia, India, China, and Hong Kong fell. European markets and commodities, including gold, silver, and crude oil, traded higher.

Portfolio Pulse from Akanksha Bakshi

April 12, 2024 | 11:03 am

JPM

JP Morgan Chase shares are trading lower following the release of their Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:03 am

PLTR

Jim Cramer, host of CNBC's 'Mad Money', has recommended buying shares of Palantir Technologies Inc. (NYSE:PLTR), citing the company's growth potential and recent $178 million contract with the U.S. Army. Palantir's stock closed at $22.84, reflecting a slight increase and showcasing a significant trading range over the past year. Additionally, Cathie Wood's Ark Invest has shifted funds from Coinbase to Palantir, further highlighting investor interest.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 11:01 am

GBTC

IBIT

Net inflows into Bitcoin spot ETFs hit $91.27 million on Thursday, led by BlackRock's iShares Bitcoin Trust (IBIT) with $192 million, contrasting with a $124 million outflow from Grayscale Bitcoin Trust (GBTC). This shift indicates a growing investor preference for ETFs closely reflecting current Bitcoin prices over trusts like GBTC. The trend suggests increasing confidence in Bitcoin's stability and future growth, amid signs of market recovery and institutional adoption of digital assets.

Portfolio Pulse from Murtuza Merchant

April 12, 2024 | 11:00 am

JPM

JP Morgan CEO commented on the unprecedented scale of quantitative tightening, indicating that its full effects have yet to be fully realized in the market.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 10:54 am

BA

Boeing Co (NYSE:BA) disclosed in a securities filing that an internal review found executives, including CEO David Calhoun, took personal trips on company jets misclassified as business travel, exceeding $500,000. The review, prompted by a Wall Street Journal investigation, led to revised disclosures for 2021 and 2022, aligning with SEC rules. Boeing's board mandates CEO's private jet use for security reasons. The company reported $514,000 in personal flights for Calhoun in 2023, as part of his compensation. BA shares slightly rose by 0.05% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 12, 2024 | 10:50 am

TSLA

Elon Musk laughed at Jack Dorsey's comment calling Mark Zuckerberg a 'bum simp' in response to a decade-old remark Zuckerberg made about Twitter. This exchange highlights the ongoing rivalry between Musk and Zuckerberg, especially after Musk's acquisition of Twitter, now X, for $44 billion in October 2022. The incident reflects broader tensions in the tech industry, with Meta facing criticism for its advertising system and Musk working to attract advertisers back to X.

Portfolio Pulse from Ananya Gairola

April 12, 2024 | 10:43 am

TSLA

Tesla investor Ross Gerber and critic Gordon Johnson debated the cost benefits of electric vehicles (EVs) versus gas cars. Gerber argued that switching to a Tesla Model 3 could save $4,000 annually on gas, while Johnson countered that EVs face significant depreciation, higher insurance, and maintenance costs. Despite Gerber's optimism about EVs replacing gas cars, Johnson highlighted the financial drawbacks, including battery and tire replacement costs. Tesla's website estimates a three-year gas savings of $3,000 for the Model 3, contrasting with Gerber's claim. Hertz Global Holdings cited depreciation and repair costs for phasing out Tesla vehicles. However, Atlas Public Policy reported that owning an EV could be cheaper than a gas car over seven years.

Portfolio Pulse from Anan Ashraf

April 12, 2024 | 10:19 am