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COST

SBUX

Costco Wholesale Corporation (NASDAQ:COST) opened its first store in southern China, attracting huge crowds and implementing crowd control due to high demand. The economic slowdown in China has led to a surge in budget shopping, with consumers favoring daily groceries over luxury items. Starbucks Corporation (NASDAQ:SBUX) is also mentioned as offering deals to attract customers. COST shares saw a slight increase in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

January 12, 2024 | 12:17 pm

BABA

TCEHY

Alibaba Group Holding Ltd (NYSE:BABA) stock has dropped 77% from its 2020 peak due to slow domestic sales, competition, and changes in leadership and strategy. Despite this, Alibaba's DingTalk platform reached 700 million users and is innovating with an AI agent. Alibaba's Taobao and Tmall Group are testing new AI tools for merchants, and Cainiao is launching a new service in the U.S. BABA shares traded lower by 0.41% at $72.08 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 12, 2024 | 12:16 pm

AUVI

Applied UV Inc. has announced the launch of its new Fighter Flex LED solution, which will be showcased at the upcoming AHR Expo on January 22. This new product represents an expansion of the company's offerings in the LED market.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 12:01 pm

AAPL

MSFT

ZM

Apple Inc. is introducing a face-scanning feature in its Apple Store app to determine the correct size for its upcoming Apple Vision Pro mixed reality headset. The feature, which was found in the App Store app code, is part of Apple's efforts to ensure a perfect fit for the device, which includes a Light Seal and headband. Apple is branding the Vision Pro as a 'spatial computing' device and has developed specific terminology for developers. The Vision Pro will launch with a library of spatial games and movies, including over 250 games on Apple Arcade. FaceTime will also be optimized for the Vision Pro, displaying users as 'personas' during calls, compatible with third-party apps like Zoom and Microsoft Teams. Apple is focused on perfecting the Vision Pro launch, including training employees and preparing stores for a smooth customer experience.

Portfolio Pulse from Rounak Jain

January 12, 2024 | 10:48 am

IRIX

Iridex Corporation will present its new 532® and 577® laser technologies at the Hawaiian Eye and Retina 2024 Meeting. These advancements in laser technology are expected to enhance the company's product offerings in the ophthalmic market.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 6:26 am

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