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RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) is preparing to launch its second-generation electric vehicles, the R2 series, with a public event scheduled for March 7, 2024, at Main Beach Park in Laguna Beach, California. The event will feature a display of six vehicles to complement the product launch at the Rivian Theater. Although not explicitly stated, the document for the event refers to it as the 'Rivian R2 launch.' Rivian has seen success with its current lineup and the R2 platform could boost volume in the competitive EV market. The stock closed down 4.36% at $15.34 on Wednesday.

Portfolio Pulse from Shanthi Rexaline

January 25, 2024 | 6:41 am

TSLA

Tesla Inc (NASDAQ:TSLA) acknowledges that lack of awareness is a barrier to EV adoption but plans to be cautious with advertising spending. Despite successful digital campaigns in Q4, CFO Vaibhav Taneja emphasized the need to avoid overspending. CEO Elon Musk highlighted the need to increase awareness in low market share regions like Japan, by adding superchargers and service centers. Musk is open to trying some advertising, as suggested by shareholders and analysts, to promote Tesla's features and functionality.

Portfolio Pulse from Anan Ashraf

January 25, 2024 | 5:57 am

BTI

A Chinese marathon runner known as 'Uncle Chen' was disqualified from the Xiamen Marathon for smoking throughout the race, despite finishing 574th out of over 1,500 runners. The disqualification was due to a race rule against 'uncivilized behavior' affecting other runners. This incident has sparked a range of reactions online. Meanwhile, companies like Philip Morris International Inc (PM) and British American Tobacco PLC (BTI) are focusing on alternative products like vaping to counteract declining cigarette demand.

Portfolio Pulse from Adam Eckert

January 24, 2024 | 11:22 pm

PARA

Paramount Global (NASDAQ: PARA) has announced that Jon Stewart will return to host 'The Daily Show' during the 2024 election cycle. Stewart, who led the show for 16 years, will also serve as executive producer for every episode through 2025. His return is aimed at providing clarity and wit amidst the 'insanity and division' in the country. Stewart's first show back will be on February 12, following Super Bowl LVIII.

Portfolio Pulse from Maureen Meehan

January 24, 2024 | 9:51 pm

DKNG

FOX

FOXA

PARA

PARAA

Benzinga conducted a poll among its readers to predict the winner of Super Bowl LVIII, with the Baltimore Ravens leading the predictions. The AFC and NFC Championship games will be aired by CBS (Paramount Global) and FOX respectively. DraftKings Inc provided betting odds for the games and potential Super Bowl matchups. The poll results and betting odds suggest a potential Ravens vs. Lions Super Bowl, with the Ravens favored to win.

Portfolio Pulse from Chris Katje

January 24, 2024 | 8:57 pm

DKNG

PENN

Barstool Sports is in advanced talks with DraftKings for a sports betting marketing partnership, post-separation from Penn Entertainment. The deal, not yet signed, could be worth low eight figures annually for Barstool. Penn sold Barstool back to founder Dave Portnoy for $1 after an $850 million write-off. Barstool is restricted from betting deals until post-Super Bowl due to a lock-up clause. DraftKings, which spent $1.19 billion on marketing in 2022, ended its ESPN deal as ESPN launched ESPN Bet with Penn.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 4:54 pm

GSUN

Golden Sun Education Group Ltd (GSUN) stock surged 32% to $0.78 following the announcement of a press conference on January 26, where the company will announce its strategic shift into the healthcare and wellness industry in China. The event will be attended by the company's management, local government officials, and media representatives.

Portfolio Pulse from Henry Khederian

January 24, 2024 | 4:40 pm

KEYS

Keysight Technologies, Inc. (NYSE:KEYS) has introduced Chiplet PHY Designer, a new EDA tool for simulating die-to-die interconnect performance in chiplets. It is the first to offer in-depth modeling and simulation for the UCIe standard, aiding in verifying chiplet design specifications. The tool supports UCIe physical layer standards, measures voltage transfer function for compliance, and analyzes forwarded clocking. Keysight's EDA team leverages their experience in high-speed digital interfaces to extend their simulation strategy to UCIe, aiming to accelerate validation and improve predictive virtual prototyping for 3D IC designers.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 4:02 pm

NFLX

ROKU

Roku Inc (NASDAQ:ROKU) experienced volatility after Netflix Inc (NASDAQ:NFLX) reported Q4 results. Netflix's revenue beat estimates but earnings per share fell short. Netflix's growth in subscribers and plans to expand its ad-supported tier could benefit Roku, which thrives on advertising trends and partnerships with streaming companies. Roku's stock saw an initial rise but pulled back, with a slight gain by publication time. Roku is set to report Q4 results in early February.

Portfolio Pulse from Adam Eckert

January 24, 2024 | 3:53 pm

AAPL

AMD

AMZN

EBAY

GBTC

GOOGL

LMT

NFLX

TSLA

TXN

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are in the red, with Grayscale Bitcoin Trust (GBTC) continuing to bleed. Netflix hints at future price hikes. Texas Instruments reported Q4 results alongside other stocks moving lower in pre-market. US and world politics feature Trump and Biden's remarks, Turkey's NATO move, and North Korea's missile tests. China urges hedge funds to limit short selling. Tech companies like eBay, AMD, ASML, SAP, Amazon, Apple, and Alphabet see various developments. Electric vehicle news includes Tesla's upcoming earnings and job openings, Polestar, and Ford's USPS fleet. Netflix may raise prices and is praised for Q4 results. Lockheed Martin and Boeing face challenges in the industrial sector.

Portfolio Pulse from Akanksha Bakshi

January 24, 2024 | 3:32 pm