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AI

A significant bullish stance has been taken on C3.ai (NYSE:AI) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 63% bullish and 36% bearish. The whales have been targeting a price range from $25.0 to $42.5 for C3.ai over the last 3 months. The price of AI is up 5.03% at $30.69, with RSI indicators hinting that the stock may be oversold. The next earnings are expected to be released in 8 days.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 2:46 pm

F

GM

RACE

STLA

TM

TSLA

VFS

Vietnamese EV manufacturer VinFast Auto Ltd. (NASDAQ:VFS) has seen its market capitalization surge to $190 billion, a 600% increase since its IPO in mid-August 2023. This valuation surpasses the combined market worth of Ford Company (NYSE:F), General Motors (NYSE:GM), Ferrari (NYSE:RACE), and Stellantis N.V. (NYSE:STLA). VinFast is now the world's third-largest automobile manufacturer, behind Tesla Inc. (NYSE:TSLA) and Toyota Motor Corp. (NYSE:TM). However, the company's value defies conventional metrics, with global car sales of only 24,000 units in 2022 and a net loss of nearly $600 million in the first quarter of the current year.

Portfolio Pulse from Piero Cingari

August 29, 2023 | 2:35 pm

INDA

Applicants under the Production Linked Incentive (PLI) Auto Scheme in India have proposed an investment of ₹676.90B. As of June 30, an investment of ₹107.55B has been made under the scheme.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 2:34 pm

BTCUSD

COIN

ETHUSD

SPY

The U.S. Federal Appeals Court has ruled that the U.S. Securities and Exchange Commission (SEC) was wrong to reject an application from Grayscale for a spot Bitcoin ETF, according to Reuters.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 2:28 pm

IDEX

Ideanomics Inc's shares are trading lower by 5.9% to $3.28 and 32% over the trailing five sessions due to downward momentum. The company implemented a 1-for-125 reverse stock split to restore compliance with the minimum bid price criterion of $1.00 for maintaining listing on The Nasdaq Capital Market. The reverse stock split has no effect on the par value of the company's common stock or authorized shares of preferred stock.

Portfolio Pulse from Henry Khederian

August 29, 2023 | 2:27 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, AAPL, MSFT, META, GOOGL, and NVDA. The memo provides key price levels for each stock, based on a proprietary formula that takes into account price, volume, and options flow. The memo suggests potential bullish and bearish scenarios for each stock.

Portfolio Pulse from RIPS

August 29, 2023 | 2:23 pm

SOFI

A large investor has taken a bullish stance on SoFi Techs (NASDAQ:SOFI), with 10 uncommon options trades spotted. The sentiment of these big-money traders is split between 60% bullish and 40% bearish. Whales have been targeting a price range from $5.0 to $20.0 for SoFi Techs over the last 3 months. The price of SOFI is up 0.84% at $8.3. Analysts from Truist Securities, JP Morgan, Wedbush, and Mizuho have maintained their ratings on SoFi Techs, with price targets ranging from $3 to $16.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 2:16 pm

AMZN

BBY

CTLT

ELF

GOOG

INTC

META

MMM

MSFT

NIO

China is taking measures to shield its economy from the real estate sector crisis by reducing bank deposit and mortgage rates. President Biden targets cancer and diabetes drugs in a controversial Medicare price battle. Google collaborates with Nvidia in AI expansion. 3M Co settles a multi-billion dollar lawsuit. Catalent Inc finalizes a deal with Elliott Investment Management and reports mixed Q4 earnings. e.l.f. Beauty acquires Naturium skincare brand. Intel Corp eyes a next-generation data center chip. Meta Platforms Inc tackles China-linked disinformation surge. Microsoft's president cautions against weaponizing AI. Amazon raises its free shipping minimum for non-Prime customers. Google ventures into renewable energy mapping. Nio Inc and Best Buy Co Inc report their Q2 results.

Portfolio Pulse from Vandana Singh

August 29, 2023 | 2:06 pm

DTSS

Datasea Inc. (NASDAQ:DTSS) has announced a strategic partnership with a top-tier sales and marketing firm for the launch of its Intelligent Acoustic Skin Repair Robot. The partnership aims to combine Datasea's expertise in acoustic technology with the partner's capabilities in sales and marketing. The agreement includes milestones for unlocking equity in the venture, such as the partner becoming eligible for a 5% equity transfer if the venture achieves an operating revenue of RMB 500 million yuan within the first fiscal year.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 1:59 pm

GWH

ESS Tech, Inc. (NYSE: GWH) has announced that Harry Quarls, a veteran in the energy industry, has joined the ESS Board of Directors as Chairman. Quarls brings over 40 years of energy experience and has served in leadership roles at Global Infrastructure Partners and Booz & Company. The move is expected to help ESS scale to meet global demand for long-duration energy storage (LDES).

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 1:14 pm