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TSLA

Tesla CEO Elon Musk has debunked the rumor about a codename 'Highland' for the revamped Model 3, stating 'It's not real' on X (formerly Twitter). The company refers to the new design of its most affordable electric vehicle as 'upgraded' or 'refreshed'. The upgraded Model 3, which was first released in China in late August, has been unveiled in the U.S. this week with the same pricing as the previous model.

Portfolio Pulse from Anan Ashraf

January 12, 2024 | 3:40 am

META

Mark Zuckerberg, CEO of Meta Platforms Inc (NASDAQ:META), reportedly instigated changes in his PR team after his metaverse avatar was mocked for its low-quality design at Sheryl Sandberg's wedding. Despite the ridicule, Zuckerberg continues to emphasize the importance of the metaverse for Meta's future, calling it a 'very long-term bet'. The mockery of the avatar has been ongoing, with Elon Musk and others publicly criticizing Meta's investment in the metaverse.

Portfolio Pulse from Benzinga Neuro

January 12, 2024 | 3:01 am

TSLA

Tesla Inc (NASDAQ:TSLA) has reduced the prices of its Model 3 and Model Y vehicles in China. The Model 3 rear-wheel drive now costs 6% less, and select Model Y versions are up to 2.8% cheaper. The price cuts are significant as China is a key market for Tesla, and such adjustments could influence demand and market dynamics.

Portfolio Pulse from Anan Ashraf

January 12, 2024 | 2:38 am

BONK

DOGE

SHIB

SOL

WIF

Dogwifhat (CRYPTO: WIF) experienced a 124.5% surge following its listing on ByBit, with trading volume increasing by 445%. The meme coin's market cap nearly quadrupled, positioning it as the fifth-largest meme coin. Analysts suggest Binance and Coinbase could list WIF next. Dogwifhat outperformed other meme coins like Bonk and established tokens such as Dogecoin and Shiba Inu. Daily unique holders of WIF have surpassed 30,000, with whale activity contributing to its initial price movement. An $8.8 million purchase of WIF, now worth $3.1 million, is speculated to be a publicity stunt.

Portfolio Pulse from Khyathi Dalal

January 11, 2024 | 10:53 pm

MSFT

Blizzard Entertainment, a division of Microsoft Corp. (NASDAQ:MSFT), is preparing to launch Season 3 of Diablo IV on January 23, 2024, as suggested by an update on the game's login screen. The upcoming season's start date was inferred from a changed banner, and this quick succession from the previous season is unusual as there is typically a longer break between seasons. No further details or events have been announced by Blizzard, and there is speculation about a potential surprise related to the Xbox Developer_Direct presentation on January 18. Players are awaiting more information as neither Blizzard nor the official Diablo channels have released specifics about Season 3.

Portfolio Pulse from Franca Quarneti

January 11, 2024 | 9:42 pm

DIS

WBD

David Benioff and Dan Weiss, creators of 'Game of Thrones', discussed their canceled Star Wars film project with Lucasfilm, a subsidiary of The Walt Disney Company (DIS). Hired in 2018, their departure in 2019 was due to creative differences over their storyline about the origins of the Jedi. This revelation comes amid concerns about the state of Star Wars films, with several announced projects being removed or canceled. Disney has set release dates for three new Star Wars movies between 2026 and 2027, but it's uncertain if these will proceed as planned.

Portfolio Pulse from Franca Quarneti

January 11, 2024 | 9:28 pm

AMZN

GME

NTDOY

TGT

WMT

Physical editions of popular Nintendo ADR's (OTC:NTDOY) Nintendo Switch games are unavailable at various retailers, leading to speculation about a re-release strategy before the rumored Switch 2 launch. Titles like 'Paper Mario: The Origami King' and 'Metroid Dread' are out of stock, and major retailers such as Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT), Target (NYSE:TGT), and GameStop (NYSE:GME) are affected. The speculated re-releases may feature new SKUs and branding, and Nintendo is advised against panic buying, suggesting a strategic move rather than a scarcity tactic.

Portfolio Pulse from Franca Quarneti

January 11, 2024 | 9:09 pm

AMZN

BABA

GOOG

GOOGL

MSFT

SPY

Google has eliminated fees for customers migrating from Google Cloud to competitors like Amazon or Microsoft, a move that could prompt similar actions from these companies. This change comes amid regulatory scrutiny over switching penalties. Google's VP, Amit Zavery, noted that while these fees are a small part of total costs, they are a regulatory and customer concern. Google also aims to shift regulatory focus to Microsoft's practices that limit customers' ability to use Google Cloud. Google recently announced layoffs in its hardware and digital assistant teams and is reallocating resources to focus on priority investments. Additionally, Google is testing limits on cookie usage in Chrome, impacting the online advertising industry. Last year, Google's stock outperformed the SPDR S&P 500 ETF, Amazon, and Microsoft.

Portfolio Pulse from Anusuya Lahiri

January 11, 2024 | 8:21 pm

PZZA

Wedbush analyst Nick Setyan has maintained an Outperform rating on Papa John's International Inc (PZZA) and increased the price target from $85 to $87. The Q4 FY23 North America same-store sales growth exceeded expectations, and franchisees will contribute more to the national marketing fund starting Q2 2024. The analyst expects 2024 same-store sales growth to be driven by transactions and sees potential for increased franchised unit growth. International margins should improve despite the Middle East conflict affecting near-term visibility. Operating margins and EPS estimates for FY24 have been raised, with the new price target based on a 15.4x EV/EBITDA multiple.

Portfolio Pulse from Shivani Kumaresan

January 11, 2024 | 7:46 pm

APO

Apollo Global Management, Inc. (APO) has partnered with PGA TOUR golfer Patrick Cantlay, marking the firm's first brand partnership with an athlete. Cantlay will promote Apollo's asset management and retirement services. This follows the end of Cantlay's previous partnership with Goldman Sachs Group, Inc. (GS) to promote Marcus, their online banking service. Cantlay will start sporting the Apollo logo at the PGA American Express Open. Meanwhile, APO shares have dropped by 1.65% to $95.12.

Portfolio Pulse from Nabaparna Bhattacharya

January 11, 2024 | 6:55 pm