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NVDA

Nvidia Corp. (NASDAQ:NVDA) shares fell 5.55% on Friday, ending a six-session winning streak. Portfolio manager Jeff Kilburg warned of potential further downside, noting a significant market cap loss and a technical gap down to $625. Despite this, most tech analysts remain bullish on Nvidia, especially due to its dominant position in the AI market.

Portfolio Pulse from Shanthi Rexaline

March 09, 2024 | 6:15 pm

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TSLA

Tesla faced potential Q1 delivery misses and a production halt at its Berlin factory due to suspected arson, impacting its stock. Rivian saw a surge in pre-orders for its new R2 model. Nio is launching a Model Y rival with lower costs. Ford struggles with EV transition, focusing on hybrids. Lucid's price target was halved by RBC. The KraneShares Electric Vehicles ETF fell 3.68% for the week.

Portfolio Pulse from Shanthi Rexaline

March 09, 2024 | 2:16 pm

DOGEUSD

FLOKIUSD

SHIBUSD

Floki (CRYPTO: FLOKI) has surged nearly 70% in 24 hours, outpacing Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). This surge is attributed to anticipation of a major advertising campaign in Times Square. Floki's market cap has risen, positioning it in the 50th spot, with potential to enter the top 40. The campaign will run for three months starting March 15. Additionally, Floki's community approved burning 2% of its total tokens, further boosting its value.

Portfolio Pulse from Bibhu Pattnaik

March 09, 2024 | 1:57 pm

JPM

JPMorgan Chase & Co. explored a scenario where Bitcoin could reach market capitalization parity with gold, suggesting a potential rise to $3.3 trillion, more than doubling its price. However, due to Bitcoin's high volatility, a more realistic market cap is projected at $0.9 trillion, indicating a price of $45,000 per unit, below its current price of $67,400. The report also forecasts the Bitcoin ETF market could reach $62 billion, with current inflows at $9 billion, suggesting a shift towards ETFs.

Portfolio Pulse from Murtuza Merchant

March 09, 2024 | 1:32 pm

MSFT

Worldcoin, a blockchain-based identity verification service, has temporarily halted its World ID verification services in Spain due to legal challenges from the Spanish Data Protection Authority (AEPD). The AEPD's actions, which Worldcoin claims bypass standard GDPR procedures, have led to a lawsuit by Tools for Humanity, a project contributor. Despite these challenges, the World app remains operational in Spain. Worldcoin, backed by Microsoft Corp. (NASDAQ:MSFT) and OpenAI, utilizes eye-scanning technology for identity verification.

Portfolio Pulse from Rounak Jain

March 09, 2024 | 9:05 am

GM

General Motors Co (NYSE:GM) has resumed sales of the Chevrolet Blazer EV at reduced prices after addressing software issues that led to a stop-sale in December. Prices have been cut by $5,600 to $6,500 across different trims, making the vehicle more affordable, especially with a $7,500 federal EV tax credit. This move follows a year in which GM saw a 14% increase in U.S. vehicle deliveries, totaling 2.6 million.

Portfolio Pulse from Anan Ashraf

March 09, 2024 | 8:56 am

RIVN

Rivian Automotive (NASDAQ:RIVN) received over 68,000 reservations for its new R2 SUV within 24 hours of unveiling it at Laguna Beach. CEO RJ Scaringe expressed being 'overwhelmed' by the response. The R2, starting at around $45,000, and the upcoming lower-priced R3 crossover, are both positioned below Rivian's current R1 models. Rivian aims to begin R2 production in the first half of 2026. Despite a net loss of $1.52 billion in Q4 2023, Rivian maintains a strong liquidity position with $10.47 billion, including cash and credit facilities.

Portfolio Pulse from Anan Ashraf

March 09, 2024 | 4:31 am

F

Ford Motor Co (NYSE:F) is focusing on hybrid vehicles to maintain its relevance in the U.S. EV market as sales of its Mustang Mach-E decline. Despite a 36.7% increase in hybrid sales year-on-year, the Mach-E's sales dropped by 4.2% since the start of 2024, with a significant 51% drop in January. CEO Jim Farley emphasizes the long-term role of hybrids, noting their higher margins compared to EVs. Ford anticipates a 40% increase in global hybrid sales in 2024 but expects its EV segment losses to widen due to pricing pressure and investment in new vehicles.

Portfolio Pulse from Anan Ashraf

March 09, 2024 | 3:48 am

FFND

RIVN

Rivian Automotive, Inc. (RIVN) shares have rebounded following the announcement of new vehicle models, including the R2, R3, and R3X. Fund manager Gary Black predicts significant production increases and potential stock price growth, drawing parallels to Tesla's past performance. Black forecasts Rivian's production to reach 615,000 units in five to seven years, with revenue potentially hitting $22.7 billion and EBITDA $2.5 billion by 2030. He suggests a 136% upside potential for Rivian's stock, comparing valuation metrics to Tesla.

Portfolio Pulse from Shanthi Rexaline

March 09, 2024 | 3:28 am

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WW

Oprah Winfrey is set to air a TV special on ABC, focusing on weight loss drugs, their benefits, and potential side effects. The special, following her departure from WeightWatchers' board, could impact the perception of weight loss drugs. Companies like Novo Nordisk and Eli Lilly, behind popular weight loss drugs Ozempic, Wegovy, and Mounjaro, could see their stocks influenced by the special's reception. The special will also be available on Hulu, a streaming platform owned by Walt Disney Co.

Portfolio Pulse from Chris Katje

March 08, 2024 | 9:59 pm