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TSN

Tyson Foods announced at an investor conference that the liquidation of U.S. cows has ceased. This development could impact the supply dynamics in the beef market.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 4:54 pm

TSLA

Tesla's Cybertruck, known for its futuristic design, is now being used as a pizza food truck by Fabio Antonio Arbelaez. The Cybertruck, which began deliveries in November 2023, can cook 120 pizzas per hour using its 240-volt outlet. This unique use case highlights the versatility of Tesla's first electric pickup truck.

Portfolio Pulse from Chris Katje

September 05, 2024 | 4:54 pm

ABBV

ATAI

COMP

JNJ

MNMD

PFE

The global psychedelic drugs market is expected to grow by $1.37 billion from 2024 to 2028, driven by mental health disorders and AI integration. Key players include AbbVie, ATAI Life Sciences, COMPASS Pathways, Johnson & Johnson, Pfizer, and Mind Medicine. Despite growth potential, regulatory challenges and ethical concerns remain.

Portfolio Pulse from Juan Spínelli

September 05, 2024 | 4:53 pm

PSCE

TALO

Talos Energy (NYSE:TALO) announced a significant oil and gas discovery in the Gulf of Mexico, but its shares are trading lower. The Ewing Bank 953 well has found commercial quantities of oil and gas, with production expected by mid-2026. Talos is also involved in the Sebastian prospect, with results expected by late 2024. Despite these developments, TALO stock has lost over 37% in the past year.

Portfolio Pulse from Lekha Gupta

September 05, 2024 | 4:50 pm

HIMS

LLY

NVO

Hims & Hers Health, Inc. (HIMS) is offering affordable compounded weight-loss medications as alternatives to Eli Lilly's (LLY) Zepbound and Novo Nordisk's (NVO) Wegovy. This strategy has led to a significant stock price increase for HIMS. However, regulatory challenges may arise as pharmaceutical companies increase production to meet demand, potentially affecting HIMS' business model.

Portfolio Pulse from Vandana Singh

September 05, 2024 | 4:47 pm

BNO

DBO

OILK

USL

USO

Citi warns that oil prices could fall below $60 per barrel by 2025 if OPEC+ doesn't cut production further, due to reduced demand and increased supply from non-OPEC countries. The market may lose confidence in OPEC+ maintaining the $70 level, and Citi recommends selling into rallies when Brent nears $80. Goldman Sachs also predicts a potential decrease in oil prices due to AI advancements.

Portfolio Pulse from Lekha Gupta

September 05, 2024 | 4:42 pm

TSLA

Bill Baruch announced on CNBC that he has increased his position in Tesla by buying December 260 calls and selling December 290 calls, with the catalyst being the upcoming Robotaxi event on October 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 4:40 pm

APIE

AVIV

Toyota Motor Corporation's stock is trading lower as the company expands its collaboration with BMW to advance hydrogen fuel cell technology. The partnership aims to develop new fuel cell systems for vehicles by 2028. Toyota is also part of SiriusXM's new subscription program.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2024 | 4:40 pm

AVGO

INTC

IVV

TSM

VOO

Intel's CFO expects significant revenue from its contract chip manufacturing by 2027, despite recent setbacks including a failure to impress Broadcom and losing out to TSMC. Intel's stock has dropped significantly over the past year, and the company is considering strategic changes. Investors can gain exposure to Intel through ETFs like VOO and IVV.

Portfolio Pulse from Anusuya Lahiri

September 05, 2024 | 4:37 pm