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TSLA

Hyundai Motor Co and Kia Corp are intensifying their electric vehicle (EV) efforts to compete with Tesla Inc, according to Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management. Despite being cheaper, Gerber believes these EVs are not as good as Tesla's offerings. The South Korean government is supporting Hyundai and Kia with new EV policies, while Tesla continues to face challenges, including concerns about a potential production slump.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 1:45 am

CGC

Wana Brands and the Wana Brands Foundation have donated over $4.2 million to more than 150 charities since 2021, emphasizing sustainability and social responsibility. The #4ward20 campaign, initiated in 2021, showcases the company's commitment to community well-being over commercial gains. Nancy Whiteman, CEO, highlights the importance of this philanthropic effort. The foundation, established with support from Canopy Growth Corporation (NASDAQ:CGC), focuses on critical needs like food security and mental health.

Portfolio Pulse from Patricio Liddle

April 02, 2024 | 1:11 am

AAPL

Apple Inc. (NASDAQ:AAPL) is reportedly planning to launch new, more affordable AirPods and an updated AirPods Max version in 2024, according to supply chain analyst Jeff Pu. The affordable AirPods are expected to be supplied by a Foxconn subsidiary, with production ramping up in an Indian factory during Q4 2024. The new AirPods models, including entry-level and mid-tier versions, are anticipated to feature a fresh design, improved sound quality, and an upgraded USB-C charging case, with the mid-tier model also having active noise cancellation and a speaker for Find My Location tracking. The updated AirPods Max will include a USB-C charging port and possibly new color options.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 1:07 am

MSFT

OpenAI, backed by a significant investment from Microsoft Corp (NASDAQ:MSFT), unveiled its new product, 'Voice Engine,' a voice cloning tool. This development marks Microsoft's aggressive expansion into the AI space. Voice Engine, which has been in development for two years, allows users to clone voices from a 15-second sample. Despite potential risks associated with deepfake technology, OpenAI emphasizes responsible deployment. The tool is initially available to a select group of developers.

Portfolio Pulse from Chris Katje

April 01, 2024 | 10:45 pm

GOEV

Canoo Inc. (NASDAQ:GOEV) reported mixed Q4 results with adjusted losses of $1.73 per share, beating estimates, but sales of $367,000 missed expectations. The company produced 22 vehicles in 2023, with 17 in Q4. CEO Tony Aquila highlighted the start of commercial fleet deliveries and the FTZ designation for the OKC facility. Canoo anticipates 2024 revenues between $50 million and $100 million and plans to continue acquiring distressed assets. Post-results, GOEV shares dropped 24.81% in after-hours trading.

Portfolio Pulse from Erica Kollmann

April 01, 2024 | 9:56 pm

ACNT

MP

MTRN

X

Proxy advisory firms ISS and Glass Lewis recommend U.S. Steel's sale to Nippon Steel, highlighting the deal's premium and all-cash offer. Ascent Industries reports a significant drop in sales and a shift to net loss for Q4 and the full year of 2023. Materion anticipates a 10% decline in Q1 sales but remains hopeful for recovery in 2024. MP Materials receives a $58.5 million grant to build America's first fully-integrated rare earth magnet facility, aiming to reduce dependency on imports and address national security concerns.

Portfolio Pulse from Austin DeNoce

April 01, 2024 | 9:25 pm

NTDOY

Ed Wu, senior VP of Pokémon Go, discussed the game's future, teasing major updates and a focus on growth as it approaches its 10th anniversary. Developed by Niantic, a subsidiary of Alphabet, in partnership with Nintendo ADR (NTDOY) and The Pokémon Company, Pokémon Go plans to revamp its Avatar system and introduce significant features in 2024. Wu emphasized the game's ongoing investment to ensure its longevity and addressed technical improvements and monetization strategies.

Portfolio Pulse from Franca Quarneti

April 01, 2024 | 9:12 pm

S

SentinelOne (NYSE:S) has received mixed analyst ratings over the last three months, with a shift towards more bullish sentiments in recent evaluations. The average 12-month price target for SentinelOne has increased to $30.38, up 16.67% from the previous $26.04. Analysts from firms like JMP Securities, Morgan Stanley, and Goldman Sachs have adjusted their ratings and price targets, reflecting a positive outlook on the company's performance. SentinelOne, a cloud-based cybersecurity firm, has shown solid revenue growth of 38.13% as of January 31, 2024, but struggles with profitability and efficiency metrics such as net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 9:01 pm

EVRG

Evergy has submitted its Triennial Integrated Resource Plan to the Missouri Public Service Commission, detailing its strategy to address customer electricity needs for the next 20 years. The plan emphasizes the addition of renewable and dispatchable generation sources to cater to rising demand from economic development and new capacity requirements by the Southwest Power Pool.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:57 pm

COIN

Mark Yusko, CEO of Morgan Creek Capital Management, predicts Bitcoin could reach $150,000 within a year, advocating for a 1% to 3% portfolio allocation to the cryptocurrency. He cites Bitcoin's dominance, the introduction of Bitcoin ETFs, and the upcoming Bitcoin halving event as bullish factors. This contrasts with Peter Schiff's view, who sees Bitcoin as failing to surpass gold in value. The debate occurs as Bitcoin aims to rival gold as a store of value, with some analysts believing it could match gold's market cap.

Portfolio Pulse from Murtuza Merchant

April 01, 2024 | 8:46 pm