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TSLA

Tesla's Cybertruck has created its own category in the electric pickup market, surpassing competitors like Ford's F-150 Lightning and Rivian's R1T in sales. While traditional automakers like Ford and GM have a long legacy in the pickup market, Tesla's unique approach with the Cybertruck sets it apart. Meanwhile, Worksport is expanding its presence with new clean energy products for major truck brands.

Portfolio Pulse from Upwallstreet

September 06, 2024 | 7:18 pm

TSLA

VWAGY

Volkswagen's PowerCo battery subsidiary is cutting production at its Salzgitter plant, raising concerns about broader cost-saving measures amid weak EV sales. The company faces financial challenges following the Dieselgate scandal, with profits down and potential plant closures looming.

Portfolio Pulse from Michael Juliano

September 06, 2024 | 7:17 pm

BGNE

LLY

Innovent Biologics faces challenges with delayed approval of its obesity drug mazdutide, a significant net loss, and the sudden retirement of its R&D chief. Despite strong revenue growth driven by anti-cancer drugs, the company's stock experienced a mild decline. Innovent is shifting focus to cardiovascular and metabolic drugs, but faces competition from established players.

Portfolio Pulse from The Bamboo Works

September 06, 2024 | 7:16 pm

EWN

RTX

SPY

The U.S. State Department has approved a potential sale of Sidewinder missiles to the Netherlands, valued at approximately $691 million. This deal involves the Pentagon and could impact defense contractors and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 7:03 pm

U.S. Steel, along with the United Steelworkers union and Wheeling-Nippon, has filed antidumping and countervailing duty petitions with the U.S. Department of Commerce and the U.S. International Trade Commission. These petitions target imports of corrosion-resistant steel from several countries, aiming to address low-priced and subsidized imports affecting the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:50 pm

AMD

AVGO

NVDA

QQQ

SMH

SOXX

SPY

SSG

TSM

USD

Semiconductor stocks, including Nvidia, AMD, and Broadcom, are experiencing a selloff, impacting ETFs like VanEck Semiconductor ETF and iShares Semiconductor ETF. Despite positive earnings reports, the sector is down, with ProShares Ultra Semiconductors losing 26% and ProShares UltraShort Semiconductors gaining 28%. Broader market ETFs like SPDR S&P 500 ETF Trust and Invesco QQQ Trust saw smaller declines.

Portfolio Pulse from Anusuya Lahiri

September 06, 2024 | 6:28 pm

AGR

Avangrid has been awarded a 791 MW offshore wind project in Massachusetts, expected to power 400,000 homes, reduce emissions equivalent to 300,000 cars, and create 4,400 jobs. Construction is set for 2025, with full operation by 2029.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:25 pm

CMRX

EBS

The U.S. is preparing for the potential arrival of a more severe strain of mpox, clade 1, which has caused significant cases and deaths in Africa. The government is enhancing surveillance and testing, and the Jynneos vaccine is available for high-risk groups. Efforts are underway to develop new treatments, although current options like TPOXX are ineffective against clade 1.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:24 pm

HAIL

PBW

XPEV

XPeng Inc. (NYSE:XPEV) shares are trading lower despite its flying car division, Xpeng Aeroht, receiving over 1,000 pre-orders for its modular flying car. The company plans to start mass production in 2026, a delay from the original timeline. XPEV stock has lost over 54% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 6:20 pm

DOGEUSD

Dogecoin is nearing a rare macro golden cross, indicating a potential bullish trend despite recent price drops. Crypto trader Kevin predicts a rally within two weeks, aligning with the golden cross. Dogecoin's trading volume and active addresses have decreased, but the Dogecoin Foundation reports progress in development and business adoption.

Portfolio Pulse from Khyathi Dalal

September 06, 2024 | 6:19 pm