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Marketing

TSLA

Tesla CEO Elon Musk has responded to concerns about the Cybertruck's performance in snow, stating 'Tesla is excellent in snow.' This comes after videos surfaced online showing the Cybertruck struggling in snowy conditions. Gene Munster from Deepwater Asset Management commented on CNBC that he believes Tesla will resolve the issue, suggesting that a software update or tire tweak might be necessary for the Cybertruck to succeed in snowy regions. Tesla aims to deliver 250,000 Cybertrucks annually.

Portfolio Pulse from Anan Ashraf

January 15, 2024 | 3:05 am

AMZN

FDX

PDD

FedEx Corp. (NYSE:FDX) has announced the upcoming launch of a data-driven e-commerce platform named fdx, set to debut in fall 2024. The platform aims to integrate various aspects of the customer journey, from demand enhancement to simplified returns, leveraging FedEx's physical transportation network and data insights. This move positions FedEx as a potential competitor to Amazon.com Inc (NASDAQ:AMZN) and other e-commerce entities like PDD Holdings Inc's (NASDAQ:PDD) Temu and TikTok. The announcement comes amid a broader competitive landscape in e-commerce and related digital capabilities.

Portfolio Pulse from Benzinga Neuro

January 15, 2024 | 1:50 am

AAPL

Apple Inc. (AAPL) is set to release its Vision Pro mixed-reality headset on Feb. 2, with preorders starting Jan. 19. Priced at $3,499, the headset faces marketing challenges due to its limited battery life, unwieldy design, and lack of a 'killer app.' Apple has prepared an extensive sales pitch, including a 25-minute demo and training for employees. The demos will involve a detailed fitting process and showcase various features and third-party apps. Despite initial interest, Bloomberg's Mark Gurman anticipates demand may taper off due to the product's high price and cumbersome nature, though it could lay the groundwork for future success.

Portfolio Pulse from Shanthi Rexaline

January 14, 2024 | 6:19 pm

GOEV

HMC

HTZ

KARS

LCID

TSLA

XPEV

Electric vehicle stocks, including Tesla, Lucid Group, and XPeng, faced declines amid investor concerns over Tesla's price cuts in China and a bearish EV market. Tesla's refreshed Model 3 launched in North America, but price reductions in China may lead to lower earnings estimates. Hertz plans to sell a portion of its EV fleet to reinvest in ICE vehicles, reversing its previous EV-focused strategy. Lucid reported lower Q4 production and deliveries year-over-year. XPeng showcased a flying car at CES 2024 and plans to open pre-orders in Q4. Canoo acquired manufacturing assets at a discount but saw its stock fall. Honda unveiled '0' series concept EVs at CES with a potential North American launch in 2026. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) also dropped.

Portfolio Pulse from Shanthi Rexaline

January 13, 2024 | 2:03 pm

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

WYNN, a meme cryptocurrency, has seen a significant increase in mentions and popularity, partly due to a tweet from a crypto influencer featuring a Drake-related meme. The token's market capitalization surged 500% in two days, raising questions about the potential for a new meme coin era. While WYNN's rise is notable, it remains uncertain if it will challenge established meme coins like Dogecoin and Shiba Inu. Celebrity influence, as seen with Drake's indirect endorsement, continues to play a significant role in the crypto market.

Portfolio Pulse from Murtuza Merchant

January 12, 2024 | 9:33 pm

PZZA

Piper Sandler analyst Brian Mullan maintained a Neutral rating on Papa John's International, Inc. (PZZA) with a $67 price target. The company's 'Back to Better 2.0' initiative changes franchisee marketing contributions, increasing national marketing funds to 6% and eliminating mandatory local marketing, potentially benefiting franchisee P&Ls by 200 bps. In the U.K., franchisee consolidation has led to improved sales trends. The company is also considering strategic store closures internationally to prepare for sustainable growth in 2025 and beyond. The analyst forecasts FY24E EPS of $2.68 and revenues of $2.211 billion. PZZA shares closed at $71.89, down 0.44% on Friday.

Portfolio Pulse from Nabaparna Bhattacharya

January 12, 2024 | 9:09 pm

WBD

Rocksteady, a subsidiary of Warner Bros. Discovery Inc (NASDAQ:WBD), has lifted part of the NDA on the closed alpha for 'Suicide Squad: Kill the Justice League', allowing players to discuss their gameplay experiences. The game, set for release in February 2024, features a live service model with a battle pass and gear score progression. Despite this, Rocksteady does not label it explicitly as a live service game. The game represents a shift from Rocksteady's 'Batman Arkham' series and has faced some fan criticism for its live service direction.

Portfolio Pulse from Franca Quarneti

January 12, 2024 | 8:54 pm

CCOEY

SONY

Sony Group Corp.'s PlayStation Plus January lineup includes Capcom ADR's 'Resident Evil 2 remake' and a variety of other titles. The offerings cater to different gaming preferences, featuring horror, open-world adventure, and JRPGs. The lineup also introduces new games to the Classics Catalog, providing a mix of nostalgia and new experiences for subscribers.

Portfolio Pulse from Franca Quarneti

January 12, 2024 | 6:44 pm

TSLA

An engineer's YouTube video has challenged Tesla Inc's (NASDAQ:TSLA) claim that the Cybertruck can outpace a Porsche 911 while towing one. The analysis revealed that the race at Tesla's unveiling event was an eighth-mile run, not the standard quarter-mile. The engineer's detailed examination suggests that a Porsche 911 would likely outperform the Cybertruck over a quarter-mile distance, even when the Cybertruck is not towing a load.

Portfolio Pulse from Benzinga EV Insights

January 12, 2024 | 6:38 pm

MCD

SBUX

McDonald's Corp (MCD) stock experienced a Golden Cross on Jan. 11, indicating bullish sentiment. The stock is up 20% since Oct. 12, 2023, and 9% over the past year, currently trading around $292-$295. Analysts have set price targets ranging from $317 to $340, with a consensus at $305.37 and a Buy rating. McDonald's is expanding its strategy with the beverage-centric CosMc, aiming to compete with Starbucks (SBUX) and planning to reach 50,000 restaurants by 2027.

Portfolio Pulse from Surbhi Jain

January 12, 2024 | 6:20 pm