Streetbeat News

Partnerships

AAPL

This week, Apple Inc. announced several product updates and filed a patent for a rollable iPhone. The iPhone 15 Pro Max will feature an enhanced camera, potentially increasing its price. The iPhone 14 will include a crash detection feature. Tesla may soon support Apple's AirPlay for in-car entertainment. Amazon Prime Day will offer deals on the iPhone 13 and iPhone 12 series.

Portfolio Pulse from Benzinga Neuro

July 15, 2023 | 11:00 pm

GOEV

LCID

NKLA

RIVN

TSLA

The week ending July 14 saw mixed performances in electric vehicle (EV) stocks. Tesla (TSLA) advanced amid expectations for its Q2 earnings. The company shared a photo of the first Cybertruck off the Giga Texas production line, suggesting deliveries may begin in late Q3. Tesla is also reportedly discussing the second phase of its Giga Berlin project and potential EV factory in India. Lucid Group (LCID) fell short on quarterly deliveries, raising doubts about its ability to scale. Rivian Automotive (RIVN) saw its stock rally stall after a record winning streak. Nikola Corp. (NKLA) saw a surge after announcing a deal to sell 50 hydrogen fuel cell energy trucks to BayoTech. Canoo (GOEV) delivered three Artemis crew transportation vehicles to NASA.

Portfolio Pulse from Shanthi Rexaline

July 15, 2023 | 1:35 pm

TSLA

Elon Musk, CEO of Tesla Inc. and SpaceX, expressed doubts about Vice President Kamala Harris serving as the AI czar during a Twitter Spaces session. Musk emphasized the importance of regulatory oversight for AI and revealed that his latest venture, xAI, would collaborate with Tesla to enhance its self-driving capabilities. Musk was not invited to a meeting convened by the Biden administration with CEOs of four prominent U.S. companies driving AI innovation.

Portfolio Pulse from Ananya Gairola

July 15, 2023 | 4:27 am

AMZN

SHOP

Wedbush analyst Scott Devitt discussed the potential partnership between Amazon and Shopify, focusing on the strategic importance of the grocery category for Amazon. Shopify recently divested its logistics business to Flexport, shifting away from in-house logistics solutions. The terms of a potential deal between Amazon and Shopify remain uncertain. Shopify's POS product and the expansion of Shop Pay to non-Shopify merchants bring it into competition with payments/fintech companies like PayPal. The growth of social commerce, particularly through TikTok, presents an exciting opportunity.

Portfolio Pulse from Anusuya Lahiri

July 14, 2023 | 6:33 pm

EWJ

REMX

USO

Japan and Saudi Arabia are expected to agree on joint investments to develop rare-earth resources, aiming to reduce reliance on countries like China for key minerals. The agreement will involve Japan's Ministry of Economy, Trade and Industry, the Japan Organization for Metals and Energy Security (JOGMEC), and Saudi Arabia's Ministry of Industry and Mineral Resources. They will explore resource development projects in third countries for joint investment, focusing on rare-earth metals used in electric vehicles (EVs).

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 5:08 pm

BTCUSD

Monochrome Asset Management, in partnership with Vasco Trustees, has revised its application with the Australian Securities Exchange (ASX) to offer a spot Bitcoin ETF, marking the first such filing under Australia's new crypto regulations. The Monochrome Bitcoin ETF (IBTC) will provide investors with direct exposure to Bitcoin. The firm's CEO, Jeff Yew, believes the launch of a Bitcoin ETF on the ASX would signal the end of the 'unregulated Wild West' era and offer a structured and protected environment for investors.

Portfolio Pulse from Murtuza Merchant

July 14, 2023 | 4:40 pm

NKLA

Nikola Corporation's shares are trading higher following an agreement with BayoTech for the purchase of up to 50 Nikola Class 8 fuel cell electric vehicles over the next five years. Nikola will also receive hydrogen from BayoTech's network of hubs and acquire up to ten of the company's transport trailers. The stock rose over 50% after the agreement was announced.

Portfolio Pulse from Erica Kollmann

July 14, 2023 | 2:52 pm

ACAD

AEHR

ARCT

CJET

ELAN

GKOS

GOEV

LUNR

NKLA

ORGO

SFWL

TMC

UNH

Several US stocks traded higher on Friday, with the Dow Jones gaining around 100 points. Notable gainers include Chijet Motor Company, Canoo Inc., TMC the metals company Inc., ACADIA Pharmaceuticals, Aehr Test Systems, Nikola Corporation, Organogenesis Holdings Inc., Arcturus Therapeutics Holdings Inc., Elanco Animal Health Incorporated, Shengfeng Development Limited, Intuitive Machines, Inc., Glaukos Corporation, and UnitedHealth Group Incorporated. The gains were driven by various factors such as breakthroughs in export models, acquisitions, better-than-expected results, agreements, and positive reviews.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 2:48 pm

AFLYY

APO

Apollo Global Management, Inc. (APO) has agreed to invest EUR 500 million into an Air France KLM (AFLYY) affiliate for the airline's Engineering and Maintenance activities. This is Apollo's second deal with Air France-KLM in a year, contributing a total of EUR 1 billion. The investment will strengthen the airline's balance sheet and support future maintenance activities.

Portfolio Pulse from Akanksha Bakshi

July 14, 2023 | 2:33 pm

DFLI

PRFX

PTPI

RIVN

RXRX

Benzinga's Stock Whisper Index highlights five stocks that warrant attention. This week's stocks include Rivian Automotive (RIVN), which saw a 70% rise in shares due to strong Q2 production and delivery numbers; Recursion Pharmaceuticals (RXRX), which announced a $50 million investment by Nvidia Corporation (NVDA); Dragonfly Energy Holdings Corp (DFLI), which saw a small rally after announcing that nuCamp RV will use its products as standard equipment; Petros Pharmaceuticals (PTPI), which recently announced a $15 million private placement; and PainReform (PRFX), which saw a 40% rise in shares year-to-date.

Portfolio Pulse from Chris Katje

July 14, 2023 | 2:17 pm