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RIVN

TSLA

Rivian Automotive Inc (NASDAQ:RIVN) announced that it has surpassed 100,000 pre-orders for its upcoming R2 SUV, which is set to launch in 2026. The R2, priced under $50,000, aims to compete with Tesla's Model Y. Rivian's production at its Normal, Illinois factory is expected to increase by 30% due to new upgrades. Despite the positive news, Rivian's stock has been underperforming, down 33.3% over the last year.

Portfolio Pulse from Chris Katje

July 23, 2024 | 3:56 pm

ETHUSD

The SEC has approved nine spot Ethereum ETFs for trading, leading to predictions of short-term volatility. Traders believe the market has not fully accounted for potential massive inflows. Ethereum's price could see a significant impact, with some traders predicting a 75% upside in the short term.

Portfolio Pulse from Khyathi Dalal

July 23, 2024 | 3:51 pm

CRTO

GOOG

PUBM

TTD

Alphabet Inc (GOOG) has decided to retain third-party cookies in its Chrome browser, reversing its previous stance on phasing them out. This decision has significant implications for the digital advertising industry, particularly benefiting companies like The Trade Desk Inc (TTD), Criteo SA (CRTO), and PubMatic Inc (PUBM). The move is seen as a strategic effort to maintain Google's dominant position in the digital ad market while addressing regulatory and user privacy concerns.

Portfolio Pulse from Surbhi Jain

July 23, 2024 | 3:46 pm

GE

GE Aerospace and HAECO have signed agreements to extend offload services and GBSA for GE90 engines through 2040. Additionally, a deal has been reached for MRO support of the GE9X engine.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 3:45 pm

NVVE

Nuvve Holdings shares are trading higher after the company was granted U.S. Patent number #12046905 for Multi-Technology Grid Regulation Service.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 3:39 pm

PCAR

PACCAR Inc. (NASDAQ:PCAR) shares are trading lower after the company reported worse-than-expected second-quarter financial results. Quarterly sales and earnings per share missed street expectations. The company is investing heavily in new manufacturing capacities and has formed a joint venture for battery manufacturing.

Portfolio Pulse from Nabaparna Bhattacharya

July 23, 2024 | 3:38 pm

LMT

Lockheed Martin's CFO announced that it will take 12 to 18 months to deliver parked F-35 jets fully. This information was shared during a conference call.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 3:38 pm

NEARUSD

SOLUSD

The integration of AI within the Web3 ecosystem is advancing, with Assisterr leading the charge by developing decentralized AI infrastructure. Assisterr's CEO, Nick Havryliak, emphasized the importance of democratizing AI benefits and highlighted the role of community-owned Small Language Models (SLMs) in competing with Big Tech. Assisterr has also developed AI agents for platforms like Solana and NEAR to improve developer efficiency.

Portfolio Pulse from Murtuza Merchant

July 23, 2024 | 3:36 pm

BABA

PDD

Alibaba's Taobao is introducing free overseas shipping on apparel orders to compete with rivals PDD Holdings' Temu and Shein. The program will start on August 3, targeting several Asian markets, and aims to reduce return rates and help merchants explore overseas markets. Alibaba's stock has declined by nearly 21% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

July 23, 2024 | 3:25 pm

TSLA

Guggenheim analyst Ronald Jewsikow reiterated a Sell rating on Tesla (NASDAQ:TSLA) with a $134 price target ahead of its Q2 earnings report. Investors are more focused on future developments, including the delayed robotaxi event, 2024 volume guidance, and market share in China. Jewsikow expects Tesla to beat EPS estimates but miss on automotive gross margins due to discounting actions.

Portfolio Pulse from Chris Katje

July 23, 2024 | 3:22 pm