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RIVN

T

Rivian Automotive, Inc. (NASDAQ:RIVN) stock has risen over 45% in the past month. The CFO, Claire McDonough, spoke at the Barclays 2023 Global Automotive & Mobility Tech Conference about a new, cost-effective battery pack for future R1 EVs, projecting gross margin positivity in 2024. Rivian also secured a deal with AT&T for the purchase of commercial vans and R1 electric vehicles, aiming to enhance safety, reduce costs, and lower carbon emissions. A recent drone video indicated a ramp-up in production, with many electric vans being prepared for delivery. Rivian's stock is trading above its 50-day moving average.

Portfolio Pulse from Erica Kollmann

December 26, 2023 | 5:52 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) shares have risen nearly 25% over the past five days, attributed to several factors. Citadel reported a 0.4% stake in the company in early December. Blink was also chosen as a full-service EV infrastructure provider for Mack Trucks, which may be contributing to the stock's performance. Additionally, Blink is experiencing increased retail investor interest due to its high short interest, being one of the top trending tickers on Yahoo Finance. The stock is trading on heavy volume, with over 20 million shares traded compared to its 100-day average volume of less than 4.4 million shares. At the time of publication, BLNK shares were up 13.9% at $4.09.

Portfolio Pulse from Erica Kollmann

December 26, 2023 | 5:15 pm

AAL

AFLYY

GOL

GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) has been approved to access a credit insurance policy supported by SE-Camex and backed by the FGE, allowing up to $209 million in financing for engine maintenance in Brazil. The company reported a 16.4% revenue growth in Q3 FY23 and has partnerships with American Airlines Group Inc (NASDAQ: AAL) and Air France-KLM (OTC: AFLYY). GOL's shares dropped slightly by 0.25% to $3.72.

Portfolio Pulse from Shivani Kumaresan

December 26, 2023 | 3:49 pm

INTC

Intel's stock price is on the rise after reports emerged that the company is set to receive a $3.2 billion grant from the Israeli government for the construction of a new $25 billion chip manufacturing plant.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 3:22 pm

INTC

Intel Corp (NASDAQ:INTC) stock is trading higher after reports that Israel will grant the company $3.2 billion to build a new $25 billion chip plant. The Israeli government's grant aims to support Intel's expansion, which is part of its strategy to strengthen the global supply chain. Intel has also pledged to spend 60 billion shekels ($16.6 billion) with Israeli suppliers over the next decade, and the new plant is expected to create thousands of jobs. Construction has begun, with the plant set to open in 2027 and operate until 2035. Intel shares rose 2.21% to $49.06.

Portfolio Pulse from Adam Eckert

December 26, 2023 | 2:56 pm

DDC

DayDayCook (DDC) has agreed to acquire Yai's Thai, a leading Thai American ready-to-eat food brand. The acquisition, financed through cash and stock, aims to expand DDC's U.S. presence. Yai's Thai expects revenues of $8M-$10M in 2023 and is sold in over 4,500 stores. The deal is subject to customary closing conditions and should complete by year-end. Both companies share values like natural ingredients and Asian cooking culture promotion.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 2:18 pm

MULN

Mullen Automotive, Inc. has delivered 63 more Class 3 electric vehicles to Randy Marion Automotive Group, invoicing a total of $3,969,000. This brings the total delivered to 121 vehicles, valued at $7,623,000. Mullen is on track to deliver 150 vehicles by the end of 2023, as part of Randy Marion's 1,000 vehicle order worth $63 million. Production is based in Tunica, Mississippi, with a planned annual capacity of 3,000 vehicles per shift. The Mullen THREE, a Class 3 EV truck, is designed for urban last-mile delivery with a 125-mile range and a payload of over 5,300 pounds.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 2:01 pm

GOL

GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) has received approval for a credit insurance policy backed by the Export Guarantee Fund (FGE) to finance up to $209 million for maintenance of its CFM56-7B engines. The policy supports local maintenance services in Brazil by GE-Celma MRO and strengthens GOL's ability to secure third-party credit lines.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 12:59 pm

ASML

INTC

Intel Corporation (NASDAQ:INTC) is set to receive a $3.2 billion grant from the Israeli government for a new $25 billion chip plant in Israel, with operations starting in 2027. Intel has committed to purchasing $16.6 billion in goods and services from Israeli suppliers over the next decade. The company is actively progressing with the construction of the site, which is part of its global supply chain resilience efforts. ASML Holding NV (NASDAQ:ASML) has started shipping components for a new chipmaking machine to Intel's Oregon factory.

Portfolio Pulse from Nabaparna Bhattacharya

December 26, 2023 | 12:02 pm

TM

Daihatsu, a subsidiary of Toyota Motor Corp (NYSE:TM), is compensating its 423 domestic suppliers in Japan due to a production halt following a safety test scandal. The compensation is based on past business volumes. The production stoppage is a result of safety test manipulations found in 64 models, some under the Toyota brand. Daihatsu is also considering support for smaller subcontractors. Production of Perodua brand cars in Malaysia and shipments from PT Astra Daihatsu Motor in Indonesia have resumed.

Portfolio Pulse from Anan Ashraf

December 26, 2023 | 11:50 am