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ETHUSD

SEC Chairman Gary Gensler has indicated that the approval process for Ethereum spot ETFs may be completed by the end of summer, potentially by late August. This approval could attract significant institutional investment and increase market stability for Ethereum.

Portfolio Pulse from Murtuza Merchant

June 13, 2024 | 3:25 pm

MULN

Mullen Automotive Inc (NASDAQ:MULN) shares are volatile after its Bollinger Motors division secured an order for 80 all-electric Class 4 commercial trucks worth $13.2 million. The trucks will be delivered to Momentum Groups, a fleet management and EV charging solutions provider, in the second half of the year. Bollinger Motors also qualified for federal clean vehicle purchasing incentives under the Inflation Reduction Act.

Portfolio Pulse from Adam Eckert

June 13, 2024 | 3:23 pm

CVX

XOM

Chevron and Exxon Mobil are planning to file a federal lawsuit against the Biden administration's new tailpipe emission rules aimed at increasing electric vehicle production. The lawsuit, supported by the American Petroleum Institute, argues that the EPA has overstepped its authority. This legal action highlights the ongoing tension between the oil industry and the push for electric vehicles.

Portfolio Pulse from Lekha Gupta

June 13, 2024 | 3:23 pm

F

SCHD

VLUE

Ford Motor Co (NYSE:F) announced further job cuts at its Valencia, Spain, assembly plant, totaling up to 1,600 positions. This follows a previous reduction of 1,100 staff last year. The plant will transition to producing a new hybrid passenger car by 2027. Ford shares are trading lower by 1.57% at $11.89. Investors can gain exposure to Ford stock via Schwab U.S. Dividend Equity ETF (NYSE:SCHD) and IShares MSCI USA Value Factor ETF (BATS:VLUE).

Portfolio Pulse from Shivani Kumaresan

June 13, 2024 | 3:22 pm

VANI

Vivani Medical, Inc. (NASDAQ:VANI) shares are trading higher after the FDA cleared the Investigational New Drug application and lifted the clinical hold on NPM-119, allowing the initiation of the LIBERATE-1 Phase 1 clinical trial. This trial will assess the safety, tolerability, and pharmacokinetics of NPM-119, a six-month GLP-1 implant for type 2 diabetes. The stock saw heavy trading volume, with over 11.7 million shares traded compared to the 100-day average of less than 174,000 shares.

Portfolio Pulse from Erica Kollmann

June 13, 2024 | 3:18 pm

ETHUSD

Ethereum's recent weak performance has dampened trader enthusiasm, but better price action is forecasted in the upcoming months. Prominent traders and analysts discuss market manipulation, whale activity, and key support levels. Significant net outflows from Coinbase and increased whale purchases are noted.

Portfolio Pulse from Khyathi Dalal

June 13, 2024 | 3:18 pm

CHPT

ChargePoint Holdings, Inc. (NYSE:CHPT) has partnered with Porsche Cars North America to integrate charging services, increasing the number of chargers available to Porsche customers to over 100,000 across North America. Despite this positive development, CHPT shares are trading lower by 3.33% to $1.75.

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2024 | 3:12 pm

STLA

Stellantis CFO announced that the company expects 15-20% of its revenue in the second half of the year to come from new models, up from under 10% in the first half. This percentage is expected to increase even more by 2025.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 3:08 pm

STLA

Stellantis CFO announced that the company has front-loaded its R&D investments to 2024 in preparation for new product launches.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 3:08 pm

SHOP

SOL

Shopify merchants can now accept payments in hundreds of cryptocurrencies through an upgraded Solana Pay plugin by Helio. This integration aims to enhance the payment experience and customer loyalty programs, offering low-fee transactions and real-time conversions to stablecoins. The plugin has processed $50 million in transactions in its first six months, saving merchants over $1 million in fees. Notable brands like Solana Mobile and Hivemapper are early adopters.

Portfolio Pulse from Murtuza Merchant

June 13, 2024 | 3:05 pm