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GOEV

Canoo Inc. (NASDAQ:GOEV) has launched its operations in the UK by establishing Canoo Technologies UK Limited and setting up an Activation Center at Bicester Motion. This move is part of Canoo's global expansion strategy, aiming to enhance its commercial operations and align with the UK's zero-emissions goals. The Activation Center will allow customers to experience Canoo's right-hand drive commercial electric vans.

Portfolio Pulse from Nabaparna Bhattacharya

September 24, 2024 | 5:22 pm

AA

FCX

FXI

JD

LI

MP

NIO

NVDA

PDD

QQQ

SCCO

TME

XLB

XPEV

Tech stocks and materials sector rallied on Tuesday, driven by China's stimulus measures. The Nasdaq 100 outperformed, with Nvidia surging nearly 4%. Chinese equities and related ETFs saw significant gains, while the U.S. dollar weakened. Commodities like copper and silver also rose.

Portfolio Pulse from Piero Cingari

September 24, 2024 | 5:20 pm

EWW

F

GM

STLA

TSLA

Former President Donald Trump announced a plan to impose a 100% tariff on every car coming across the Mexican border. This could impact US-listed automotive companies and ETFs with exposure to the automotive sector.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:17 pm

LYFT

UBER

Lyft has partnered with Smartcar to address EV drivers' range anxiety by launching 'Rides in Range,' which ensures ride requests are within the EV's battery range. This initiative aims to boost driver confidence and customer satisfaction. Lyft reported a 41% revenue growth in Q2, with a 15% increase in rides. The company is also restructuring to cut costs, including layoffs and asset disposals. Lyft's stock has risen 34% over the past year, while Uber's stock has increased by 71%.

Portfolio Pulse from Anusuya Lahiri

September 24, 2024 | 5:15 pm

KBR

NUSC

PJFM

KBR, Inc. has secured a $113 million contract with the U.S. Air Force to advance aeronautical systems research, focusing on next-gen refueling systems and cybersecurity. This contract is part of a broader initiative to enhance the Department of Defense's R&D capabilities.

Portfolio Pulse from Nabaparna Bhattacharya

September 24, 2024 | 5:06 pm

CAT

Caterpillar Inc. (NYSE:CAT) shares rose by 3.77% following the announcement of its exhibit at MINExpo 2024, showcasing new technologies aimed at cleaner and more efficient mining operations.

Portfolio Pulse from Vaishali Prayag

September 24, 2024 | 5:06 pm

AMD

Advanced Micro Devices (AMD) has seen a surge in options activity, with 53 unusual trades identified. The majority of these trades are bullish, with a significant focus on call options. The predicted price range for AMD is between $95 and $310. The stock is currently trading at $159, up 1.44%, and may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

September 24, 2024 | 5:01 pm

EH

EHang shares rose following the successful completion of its first EH216-S pilotless eVTOL flight in Brazil, marking a significant milestone for the company.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:00 pm

NVO

Novo Nordisk's CEO, Lars Fruergaard Jorgensen, discussed with the U.S. Congress the high prices of their weight loss drugs, Ozempic and Wegovy, in the U.S. compared to other countries. He expressed willingness to explore ways to make these drugs more affordable in the U.S., following commitments from pharmacy benefit managers to maintain coverage if prices are reduced.

Portfolio Pulse from Michael Juliano

September 24, 2024 | 4:53 pm

META

VGK

Meta Platforms Inc. has decided not to participate in the European Union's voluntary AI safety pledge, which is intended as a temporary measure before the AI Act becomes fully effective in 2027.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 4:50 pm