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CPTN

Cepton is set to be acquired by Koito for $3.17 per share in an all-cash deal, transitioning Cepton to a privately held subsidiary. This acquisition aims to accelerate the commercialization of Cepton's lidar technology and enhance Koito's automotive sensing solutions.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:36 am

TSLA

Tesla CEO Elon Musk announced that the Cybertruck will receive access to the Full Self-Driving (FSD) technology in August. The company is currently testing the update to ensure its capabilities before rolling it out. Tesla aims to ramp up Cybertruck production to deliver 250,000 units annually starting in 2025.

Portfolio Pulse from Anan Ashraf

July 29, 2024 | 8:31 am

FFND

TSLA

Tesla shares fell over 8% during the week ending July 26, halting an upward trend. Gary Black's Future Fund LLC reduced its Tesla stake from over 5% to 3.55%. Black outlined conditions for increasing his position, including stabilizing auto gross margins, achieving 25%+ volume growth with sub-$30K EVs, and improving full self-driving technology efficacy. The stock may remain range-bound near $200 without significant catalysts, with potential momentum from the Oct. 10 robotaxi event. Concerns include valuation, reliance on regulatory credits, and potential political risks.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 8:24 am

CTSH

Cognizant (NASDAQ:CTSH) has announced a strategic partnership with Hays to transform Hays' technology landscape, enhance operational efficiency, and foster innovation. This partnership will support Hays' global applications, infrastructure, and transformation journey, aiming to create a modern and secure technology environment.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:01 am

MCD

NDAQ

ON

PBI

SFM

Key stocks to watch on Monday include McDonald's, Nasdaq, ON Semiconductor, Pitney Bowes, and Sprouts Farmers Market. McDonald's and ON Semiconductor are set to release earnings, while Nasdaq announced a secondary offering. Pitney Bowes saw a significant rise after selling part of its e-commerce business, and Sprouts Farmers Market is also expected to report earnings.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 7:56 am

ESLT

Elbit Systems has secured a $190 million contract to supply Iron Sting guided mortar munitions to the Israeli Ministry of Defense.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:39 am

BTCUSD

Vivek Ramaswamy predicts a 1% boost in Donald Trump's vote share due to his support for Bitcoin and the cryptocurrency industry. Trump made significant pro-crypto promises at the Bitcoin 2024 conference, including firing SEC Chair Gary Gensler and opposing Central Bank Digital Currencies. Bitcoin's price rose 3.49% following these developments.

Portfolio Pulse from Aniket Verma

July 29, 2024 | 6:25 am

PLTR

Palantir and Tree Energy Solutions have announced a multi-year AI partnership aimed at accelerating global decarbonization efforts. Palantir's Foundry and AI Platform will support TES in various areas including supply chain management, investment optimization, and carbon emissions tracking.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:10 am

AAPL

Apple Inc.'s first iPhone 16 models will not include new AI features at launch, requiring a software update weeks later. Apple plans to introduce Apple Intelligence via updates by October, with full features rolling out through 2024 and 2025. The delay is due to stability concerns and the need for developer support.

Portfolio Pulse from Ananya Gairola

July 29, 2024 | 5:48 am

CTSH

Unitywater has entered into a strategic five-year deal with Cognizant for ICT support managed services. This partnership aims to enhance Unitywater's technological capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:45 am