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BAC

DIS

META

TSLA

Barron's weekend stock picks include Tesla, Li Auto, Meta, and Bank of America. Tesla is exploring new sales strategies by listing EVs on Cars.com. Bank of America's stock is down, but insider buying suggests confidence. Disney's strong earnings may not satisfy activist Peltz. Li Auto's sales growth in China outpaces Tesla's, and Meta partners with Tencent to re-enter China with VR headsets.

Portfolio Pulse from Justin Chan

November 11, 2023 | 9:20 pm

FSR

GOEV

KARS

LCID

MBGAF

TSLA

Electric vehicle stocks experienced a downturn in the week ending Nov. 11, with Lucid Group reporting a disappointing quarter and lowering its 2023 production outlook. Tesla faced unionization support from President Biden and labor issues in Sweden, while also adjusting prices in China. Fisker is seeking manufacturing partners, and Canoo unveiled a new electric truck. Mercedes-Benz is expanding its charging network in the U.S. The KraneShares Electric Vehicles ETF saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

November 11, 2023 | 3:28 pm

GOOGL

MSFT

TSLA

Elon Musk, CEO of Tesla, expressed a desire to rekindle his friendship with Google co-founder Larry Page on the Lex Fridman podcast. The two had a falling out over differing views on the future of AI, particularly regarding OpenAI, co-founded by Musk and backed by Microsoft. Musk has since started a new AI venture, xAI, and introduced a chatbot named Grok. The podcast also covered topics like the Israel-Hamas conflict and the 2024 presidential elections.

Portfolio Pulse from Rounak Jain

November 11, 2023 | 1:57 pm

AMZN

NKE

Nike Inc. (NYSE:NKE) has hired Muge Erdirik Dogan, an Amazon.com Inc. (NASDAQ:AMZN) veteran, as its new Chief Technology Officer (CTO). Dogan, who previously served as President of Amazon Fashion, brings 16 years of experience at Amazon to Nike, aligning with the company's strategy to enhance direct online sales and digital technology in retail. Nike's CEO, John Donahoe, expressed confidence in Dogan's ability to drive growth and innovation while maintaining focus on athletes and consumers. The news comes as Amazon announces the closure of its Amazon Style stores and Nike faces legal challenges with competitors over patent infringements.

Portfolio Pulse from Ananya Gairola

November 11, 2023 | 3:06 am

AAPL

AMZN

Apple Inc. (AAPL) has reportedly made a special arrangement with Amazon.com Inc. (AMZN) to ensure a cleaner presentation of its products on Amazon's website, with fewer ads for competing products displayed on Apple's product pages. This agreement, stemming from a 2018 deal allowing Apple to sell directly on Amazon, was highlighted in an internal email from Amazon's then-retail CEO, Jeff Wilke. The FTC is currently suing Amazon for using 'irrelevant junk ads' to increase ad revenue, a practice allegedly initiated by founder Jeff Bezos.

Portfolio Pulse from Rounak Jain

November 11, 2023 | 3:00 am

Air Lease Corporation (NYSE:AL) has delivered the first of nine new Airbus A321-200neo aircraft to ITA Airways, as part of a deal that will continue through 2025. The A321neo is expected to enhance ITA's operational efficiency and competitiveness, joining their existing fleet of 81 aircraft, which includes other new generation Airbus models.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:44 pm

AMZN

GOOGL

MSFT

Alphabet Inc.'s Google is in discussions to invest hundreds of millions in AI startup Character.AI, which uses Google's cloud services and TPUs. Character.AI, co-founded by ex-Google employees, offers chatbots and AI assistants, and is seeking funds to manage growth and user demand. The investment could be in the form of convertible notes. Character.AI is also pursuing equity funding, potentially valuing it over $5 billion. The FTC is scrutinizing cloud provider investments in AI startups for anti-competitive practices.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:39 pm

GWRE

E.design, a Tokio Marine Group insurtech company, has chosen Guidewire Cloud to enhance its core operations, IT simplicity, market adaptability, and value delivery to agents and policyholders. E.design, previously a self-managed Guidewire InsuranceSuite customer, is the first in Japan to migrate to Guidewire Cloud. The implementation will support its '&e' auto insurance brand, integrating AI and IoT technologies for improved customer experiences. Guidewire (NYSE:GWRE) acknowledges E.design's trust and aims to assist in its growth within Japan's P&C insurance sector.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 9:50 pm

BRPHF

ByteTree data shows Bitcoin ETF token holdings at their highest since April 2022, with 22,100 Bitcoins added in the past month. CoinShares reports $767 million in net inflows over six weeks, the highest since 2021, with total inflows exceeding $1 billion this year. Ethereum outflows narrowed by $30 million. Galaxy Digital's Mike Novogratz predicts 2024 as the year of institutional adoption of cryptocurrencies, led by Bitcoin spot ETFs. The Benzinga's Future of Digital Assets conference will discuss the positive investment trends in digital assets.

Portfolio Pulse from Khyathi Dalal

November 10, 2023 | 9:46 pm

ADBE

MSFT

BMO Capital Markets analyst Keith Bachman has reiterated an Outperform rating on Adobe Inc. (NASDAQ:ADBE), raising the price target from $645 to $670. Bachman highlights Adobe's leadership in its core product categories and potential growth from AI and Adobe Express. Adobe's partnership with Microsoft Corporation (NASDAQ:MSFT) is expected to benefit from generative AI integration into FY24. Adobe's strategy to introduce generative credits, which will be charged starting CY24, is anticipated to drive revenue growth in the medium to long term, though not immediately. The company's stock rose by 2.95% to $594.81.

Portfolio Pulse from Nabaparna Bhattacharya

November 10, 2023 | 7:55 pm