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ARKB

ARKW

BTCUSD

Cathie Wood, CEO of Ark Invest, highlighted Bitcoin's security by noting it is backed by the world's largest computer network, larger than those of Amazon, Microsoft, and Google combined. Elon Musk responded with 'Wow' to this analysis. Michael Saylor of MicroStrategy also supported Bitcoin's technological significance. Wood criticized JPMorgan CEO Jamie Dimon's skepticism towards Bitcoin. Ark Next Generation Internet ETF (ARKW) has invested 1% of its funds in the Ark 21 Shares Bitcoin ETF (ARKB). Bitcoin's price was up 1.10% at $41,546.

Portfolio Pulse from Rounak Jain

January 20, 2024 | 9:03 am

TSLA

Tesla Inc's (NASDAQ:TSLA) Cybertruck is now available for rent on Turo, with listings in Texas and San Jose, California, at around $1000 a day. Tesla began delivering Cybertrucks on Nov. 30, but specific sales figures are unclear as they are grouped with Model S and X deliveries. Over a million reservations have been made, with full production expected by 2025. The base model price starts at $79,990, with a cheaper version coming in 2025.

Portfolio Pulse from Anan Ashraf

January 20, 2024 | 5:57 am

AAPL

Apple Inc.'s CEO Tim Cook shared a behind-the-scenes video showcasing the manufacturing process of the new Vision Pro headset, as pre-orders begin with deliveries starting February 2. The Vision Pro, a spatial computing device, is priced from $3,499 to $3,899 depending on storage capacity, with additional costs for accessories and AppleCare+. Repairs can cost up to $2,399. The device features a Micro-OLED 3D display, Apple M2 chip, multiple camera systems, dynamic head-tracking audio, and a battery life of up to 2.5 hours.

Portfolio Pulse from Rounak Jain

January 20, 2024 | 5:48 am

AAPL

META

Elon Musk, CEO of Tesla and SpaceX, commented on the upcoming Apple Inc. (AAPL) mixed reality headset, Vision Pro, with a tweet suggesting the oddity of screens being so close to one's face. The Apple Vision Pro, priced at $3,499, is set to launch on February 2, with pre-orders already open. The launch aligns with Apple's reported shift in focus towards its wearable business. Meta Platforms Inc. (META) was also mentioned in the context of AR/VR headset makers.

Portfolio Pulse from Ananya Gairola

January 20, 2024 | 4:32 am

HTZ

PSNY

VLVLY

VOLVF

Polestar CEO Thomas Ingenlath is optimistic about the company's EV sales in 2024 despite a tough end to 2023. Polestar, co-owned by Volvo, is launching a new SUV coupe and starting production of the Polestar 3. In 2023, Polestar delivered 54,600 cars, missing its 60,000 target. Hertz plans to sell 20,000 EVs due to costs and demand issues, but Ingenlath believes Hertz will continue buying from Polestar.

Portfolio Pulse from Anan Ashraf

January 20, 2024 | 4:01 am

BYDDF

BYDDY

STLA

TSLA

Stellantis CEO Carlos Tavares warned against price reductions that could harm profitability and make car manufacturers vulnerable to acquisitions. He indicated that Stellantis is better shielded from the pricing downtrend than competitors, some of whom are facing difficulties due to price cuts. Tavares's comments come in the context of automakers, including Tesla, reducing vehicle prices, especially for EVs, to stay competitive amidst high interest rates and affordability concerns. Tesla recently slashed prices for its Model Y in China and Europe, facing stiff competition from BYD, which overtook Tesla as the world's largest EV maker last quarter.

Portfolio Pulse from Anan Ashraf

January 20, 2024 | 2:32 am

DOGE

SHIB

SOL

WYNN

Anita Max Wynn (WYNN), a Solana-based memecoin, saw a 70% price surge after being listed on Poloniex and receiving a casual mention from Drake's partner Stake.com. The coin's rally occurred despite an initial drop following Drake's involvement. WYNN's trading volume hit $7.7 million, outperforming other memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB), which saw around 1% gains.

Portfolio Pulse from Khyathi Dalal

January 19, 2024 | 10:21 pm

WDAY

Workday, Inc. co-CEO Carl Eschenbach emphasized the company's commitment to responsible AI use at the World Economic Forum. He discussed Workday's collaboration with global regulators and addressed a lawsuit alleging discrimination by AI tools. Eschenbach stressed the quality of Workday's data used in AI models. Workday released a whitepaper on Responsible AI Governance, underscoring ethical AI development. Workday's stock closed 1.51% higher at $289.99.

Portfolio Pulse from Erica Kollmann

January 19, 2024 | 10:07 pm

DOGEUSD

QQQ

SPY

XRPUSD

The S&P 500, tracked by SPDR S&P 500 ETF Trust (SPY), hit record highs, with tech and AI stocks driving gains. Consumer data showed strong retail sales and high confidence. At Davos, AI's potential and need for regulation were discussed, impacting views on cryptocurrencies like Dogecoin (DOGE) and Ripple (XRP). Meta Platforms is heavily investing in AI for the metaverse. Fed rate cut expectations have been adjusted with mixed views from financial leaders.

Portfolio Pulse from Piero Cingari

January 19, 2024 | 9:42 pm

ENPH

FSLR

RAYS

RUN

SEDG

SPWR

TAN

TSLA

The Pentagon is set to install rooftop solar panels as part of a new clean energy plan by the Biden administration, which could save $1.36 million annually and make the Pentagon more resilient. This move may boost interest in solar stocks, which have seen declines over the past year. The Department of Energy's AFFECT program will grant $104 million for clean energy projects across 31 federal facilities, including the Pentagon. Although no companies are named yet for the Pentagon project, solar stocks and ETFs like First Solar, SunPower, SolarEdge, Sunrun, Enphase Energy, Invesco Solar ETF, and Global X Solar ETF could benefit. Tesla, known for EVs and solar solutions, may also gain from increased government interest in solar energy.

Portfolio Pulse from Chris Katje

January 19, 2024 | 9:30 pm