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TSLA

Tesla is set to test its 'Robotaxi' in China, despite a source close to Baidu indicating no new deal related to Full Self-Driving (FSD) functions between Tesla and Baidu. This development suggests Tesla's continued expansion in autonomous driving technology in China without necessarily partnering with Baidu for FSD functionalities.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 4:21 pm

REFI

Chicago Atlantic Real Estate Finance (NASDAQ:REFI), a cannabis-focused REIT, reported a net income dip in Q1 2024, with net interest income falling 10.8% sequentially to $13.2 million due to the absence of prepayment fees. Total expenses decreased by 28.4%, and net income per share dropped 7.8%. The company saw a slight increase in book value per share to $14.97 and reaffirmed its 2024 outlook. Portfolio growth remained strong, with total loan commitments exceeding $401.3 million. The DEA's potential rescheduling of cannabis could significantly benefit the industry and REFI's shareholders.

Portfolio Pulse from Patricio Liddle

May 07, 2024 | 4:18 pm

GOOG

GOOGL

Google has launched a new $399 lower-cost Pixel Tablet and a $499 Pixel 8A smartphone, expanding its hardware lineup with more affordable options. The Pixel 8A serves as the successor to the 7A model, aiming to offer competitive features at a mid-range price point.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 4:03 pm

MRNS

Marinus Pharma (NASDAQ:MRNS) has received mixed analyst ratings over the past quarter, with a shift towards more bullish views in the last 30 days. The average 12-month price target for MRNS has been lowered by 20% to $16.8, with a high estimate of $28.00 and a low of $2.00. Analyst actions include both downgrades and maintenance of ratings, reflecting dynamic market conditions and company performance. Marinus Pharma, a clinical-stage biopharmaceutical company, focuses on developing therapeutics for epilepsy and neuropsychiatric disorders. Despite positive revenue growth, the company's financial indicators such as net margin, ROE, and ROA are below industry averages, indicating potential profitability and efficiency challenges.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 4:01 pm

SPR

During a conference call, an executive from Spirit AeroSystems (SPR) projected approximately 350 Max shipset deliveries for the current year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:58 pm

HMC

Honda Motor (HMC) is partnering with Teito Motor Transportation and Kokusai Motorcars to launch self-driving taxis in Tokyo by 2026. This collaboration, which divides operation and support, is a departure from the all-in-one model seen in the U.S. and China. Honda is also working with the government on regulatory changes to facilitate this initiative.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:57 pm

TSLA

Elon Musk has sent Tom Zhu, Tesla's former China head and a key executive, back to China to address slowing sales and launch Autopilot features. Zhu, known for his turnaround capabilities, is being redeployed from Tesla's Texas headquarters to China, a critical market for Tesla.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:55 pm

CMG

Big money investors have shown a bearish stance on Chipotle Mexican Grill (CMG), with unusual options activity indicating a split sentiment. Benzinga's options scanner revealed 13 uncommon trades, with a bearish majority. The trades suggest a price target range of $1100 to $3650 for CMG. The company, a leading fast-casual chain in the US, reported systemwide sales of $9.9 billion and nearly 3,440 stores by end of 2023. CMG's stock is currently trading at $3199.1, with professional analysts offering mixed ratings and target prices ranging from $2865 to $3400.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 3:45 pm

IAK

KBWB

Citadel CEO Ken Griffin, in an interview on CNBC, supported the Federal Reserve's decision to maintain higher interest rates to control inflation, particularly noting its persistence in the services sector. He highlighted the impact of high rates on sectors like commercial real estate and highly-leveraged companies, while suggesting that the financial sector, including banks and insurance firms, could benefit. Griffin also emphasized the positive economic impact of AI adoption in corporate America. The Invesco KBW Bank ETF (KBWB) and the iShares US Insurance ETF (IAK) were mentioned as ways for investors to gain exposure to these sectors.

Portfolio Pulse from Erica Kollmann

May 07, 2024 | 3:30 pm

BA

SPR

Spirit AeroSystems' CEO announced plans for near-term adjustments to its supply chain in response to reduced production outputs for Boeing's 737 and 787 models. This decision was communicated during a conference call.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 3:10 pm