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LNG

NFE

NKE

SBUX

TPR

Jim Cramer suggests that a second Donald Trump presidency could positively impact the stock market, with potential benefits for companies like Kroger, Tapestry, New Fortress Energy, and Cheniere Energy. However, stricter trade regulations could negatively affect Nike and Starbucks.

Portfolio Pulse from Rounak Jain

June 29, 2024 | 5:32 am

RIVN

Analysts have mixed reactions to Rivian's $5 billion joint venture with Volkswagen. Piper Sandler is bullish, seeing it as a game-changer, while D.A. Davidson is skeptical, citing unanswered questions about the deal's financial structure.

Portfolio Pulse from Hayden Buckfire

June 28, 2024 | 8:37 pm

SAI

SAI.TECH Global Corporation shares are trading higher after the company announced the signing of a Memorandum of Understanding with Al-Farabi Kazakh National University in Kazakhstan to bolster educational and scientific research initiatives in the region.

Portfolio Pulse from Bill Haddad

June 28, 2024 | 8:09 pm

SAI

SAI.TECH Global Corporation (NASDAQ:SAI) has signed a Memorandum of Understanding with Al-Farabi Kazakh National University to enhance technological education and AI computing power in Kazakhstan.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 8:08 pm

AMZN

EBCRY

SONY

Amazon Games is progressing with its Tomb Raider and The Lord of the Rings gaming projects, with reveals expected soon. The company emphasizes high-quality standards and plans to integrate these games with its broader entertainment offerings on Prime Video.

Portfolio Pulse from Franca Quarneti

June 28, 2024 | 7:45 pm

CARM

Carisma Therapeutics Inc. (NASDAQ:CARM) shares surged on Friday following a significant development in its collaboration with Moderna. Carisma nominated its first in vivo CAR-M development candidate targeting Glypican-3 (GPC3) for treating solid tumors, triggering a $2 million payment from Moderna. HC Wainwright & Co. reiterated a Buy rating with a price target of $8.

Portfolio Pulse from Vaishali Prayag

June 28, 2024 | 5:59 pm

RIVN

VLKAF

Needham analyst Chris Pierce reiterated a Buy rating on Rivian Automotive, Inc. (NASDAQ:RIVN), raising the price forecast to $20 from $13. Pierce sees Rivian as a long-term winner in the EV transition, highlighting its strategic focus on cost savings, supplier relationships, and factory efficiencies. The recent Volkswagen JV is expected to provide up to $5 billion in capital, boosting Rivian's software-defined vehicle strategy. Pierce also raised the FY24 revenue forecast to $4.563 billion from $4.254 billion. Despite these positive outlooks, RIVN shares are trading lower by 7% to $13.46.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2024 | 5:23 pm

LUCY

Innovative Eyewear, Inc. (NASDAQ:LUCY) shares are surging on heavy trading volume following a recent sales and marketing update. The company announced a new partnership with Windsor Eyes and the launch of its Amazon store in Germany. LUCY shares are up 65.2% at 54 cents.

Portfolio Pulse from Erica Kollmann

June 28, 2024 | 5:01 pm

BYDDF

BYDDY

BYD Co., Ltd. (OTC:BYDDY) (OTC:BYDDF) has commenced production of its first hybrid SUVs at its Uzbekistan plant, marking a significant milestone. The company aims to drive green transportation in the region and has plans to expand its NEV industry in Central Asia. Additionally, BYD has started selling a third electric model in Japan.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2024 | 4:53 pm

RIVN

Rivian Automotive (NASDAQ:RIVN) shares are trading lower on Friday after earlier gains due to a partnership with Volkswagen and the company's investor day. Rivian expects Q2 vehicle production between 9,100 and 9,300 units and aims to produce 57,000 vehicles in 2024. The R2 model EV is set to launch in the first half of 2026. Analysts have updated their coverage, with mixed ratings and price targets ranging from $10 to $23.

Portfolio Pulse from Erica Kollmann

June 28, 2024 | 4:51 pm