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HMC

Honda Motor has opened its first dedicated electric vehicle (EV) plant in Wuhan, China, operated by Dongfeng Honda. The plant aims to support Honda's goal of making all new vehicles sold in China electric by 2035. The facility, with a $566 million investment, will produce 120,000 vehicles annually and employ 800 people.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 5:22 pm

JPM

MSTR

TSLA

TWG

UBER

Tesla, MicroStrategy, Top Wealth Group, Uber, and JP Morgan are trending stocks. Tesla's stock is down after announcing a delayed production of its Cybercab. MicroStrategy's stock is up due to Bitcoin's price recovery. Top Wealth Group's stock surged after a public offering. Uber's stock rose as Tesla's delay benefits ridesharing. JP Morgan's stock increased after surpassing earnings estimates and raising guidance.

Portfolio Pulse from Erica Kollmann

October 11, 2024 | 5:19 pm

EES

PSC

Needham analyst Kyle Peterson initiated coverage on Axos Financial (NYSE:AX) with a Buy rating and a price target of $82.00, highlighting its digital-first strategy and strong profitability. Axos Financial's approach avoids traditional branch networks, enhancing efficiency and expanding its market. The company benefits from a full banking license, offering cheaper funding and in-house products. Axos Financial's corporate culture and robust underwriting contribute to its exceptional profitability. Investors can also gain exposure through Principal U.S. Small-Cap ETF (NASDAQ:PSC) and WisdomTree U.S. SmallCap Fund (NYSE:EES).

Portfolio Pulse from Lekha Gupta

October 11, 2024 | 5:08 pm

LUCY

Innovative Eyewear has received FCC approval for new versions of its ChatGPT-enabled eyewear, potentially enhancing its product offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 5:03 pm

KMI

WMB

BofA Securities has upgraded Kinder Morgan (KMI) to a Buy rating, citing a robust core business and potential growth in natural gas pipelines. The company is well-positioned for long-term growth due to increasing demand from Gulf Coast LNG projects and electrification. The price target is raised to $27.

Portfolio Pulse from Vandana Singh

October 11, 2024 | 4:58 pm

AAUKF

COPX

SPY

Copper prices rebound due to China's stimulus measures, but potential volatility from upcoming US elections looms. The Global X Copper Miners ETF (COPX) has outperformed the S&P 500 ETF (SPY) this year. JPMorgan warns of potential trade-related risks and downgrades Anglo American. Copper's role in EVs remains strong despite short-term uncertainties.

Portfolio Pulse from Stjepan Kalinic

October 11, 2024 | 4:58 pm

CVS

Aetna has been recommended by the State of Michigan for a new Dual-Eligible Special Needs Plan contract, which will expand its Medicare and Medicaid support to 39 counties by 2027.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 4:46 pm

BKNG

Booking Holdings (NASDAQ:BKNG) is highlighted as a potential long-term investment in the travel and tourism sector, with strong recent performance and innovation in AI. Despite some analyst caution, the company's growth and reduced reliance on Google traffic position it as a leader in the industry.

Portfolio Pulse from Dmytro Spilka

October 11, 2024 | 4:45 pm

ZENA

ZenaTech shares are trading higher after the company began aerial operations to commercialize drone services in the US, following FAA approval.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 4:44 pm

AZN

GSK

GSK has settled the majority of Zantac lawsuits, agreeing to pay up to $2.2 billion. This resolution has improved investor confidence, but concerns about GSK's drug pipeline remain. The company aims to increase sales significantly by 2031, but faces challenges such as patent expirations and vaccine performance issues.

Portfolio Pulse from Vandana Singh

October 11, 2024 | 4:43 pm