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GM

Cadillac, a luxury brand of General Motors Co (NYSE:GM), has started production of the Celestiq EV, priced at $340,000. The Celestiq is an ultra-luxury sedan with bespoke designs for each unit, making it one of the most expensive EVs globally. It competes with high-end EVs like the Rolls Royce Spectre, Lucid Air Sapphire, and others. Cadillac's EV lineup also includes the Lyriq and the upcoming Escalade IQ.

Portfolio Pulse from Anan Ashraf

January 19, 2024 | 1:26 pm

AMD

META

NVDA

QQQ

TSM

Nvidia Corp (NVDA) and Advanced Micro Devices, Inc (AMD) stocks are trading higher, influenced by Taiwan Semiconductor Manufacturing Company Ltd's (TSM) positive quarterly results and 2024 revenue growth guidance. TSM's Q4 revenue slightly decreased but surpassed expectations, and its EPS beat estimates. The company's forecast for FY24 includes a capital expenditure budget of $28-$32 billion. Nvidia also benefited from Meta Platforms Inc's (META) announcement of a significant investment in Nvidia's AI chips, planning to purchase 350,000 H100 graphics cards by the end of 2024. Nvidia's stock outperformed the Invesco QQQ Trust, Series 1 (QQQ) last year.

Portfolio Pulse from Anusuya Lahiri

January 19, 2024 | 1:22 pm

VERB

Verb Technology Company, Inc. (NASDAQ:VERB) has announced the addition of five new retail brands to its MARKET.live livestream social shopping platform. This expansion demonstrates MARKET.live's growth and its commitment to offering a diverse product range. The new brands include MilkSnob, Cream Yoga, Ethan and Ashe, Ash & Rose, and Asorock Watches. MARKET.live enables brands to broadcast shopping events across various social media channels, reaching a wide audience.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:04 pm

BYDDF

BYDDY

Chinese EV maker BYD Co Ltd, backed by Warren Buffett, in partnership with tech company DJI, showcased the world's first vehicle-mounted drone at its Shenzhen headquarters. The drone, mounted on a Yangwang U8, features automatic battery swapping, charging management, and can capture high-definition aerial footage. BYD also announced a 5 billion yuan investment in all-terrain professional test drive sites across China. BYD surpassed Tesla as the world's largest BEV seller in Q4 2023.

Portfolio Pulse from Anan Ashraf

January 19, 2024 | 12:56 pm

F

Ford anticipates growth in global electric vehicle (EV) sales in 2024 and plans to create approximately 900 new jobs by adding a third crew at its Michigan Assembly Plant. This expansion is aimed at increasing production to meet the rising demand for EVs.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:44 pm

PFE

Amit Dagar, a former Pfizer Inc (NYSE:PFE) employee, was found guilty of securities fraud for insider trading on Paxlovid trial news. He purchased stock options before the trial results were announced and tipped off a friend. Pfizer had previously cut its earnings and revenue guidance due to reduced demand for COVID-19 products. The FDA has approved Paxlovid under emergency use, and Pfizer is considering raising its price. PFE shares saw a slight decrease in premarket trading.

Portfolio Pulse from Vandana Singh

January 19, 2024 | 12:43 pm

F

Ford Motor Company has announced that its Rouge Electric Vehicle Center will transition to a single shift operation starting April 1, affecting around 1,400 employees. This move is part of the company's efforts to adjust to the demand for electric vehicles and optimize production.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:42 pm

F

Ford has increased its workforce with a third crew to meet the growing demand for its Bronco and Ranger models. Conversely, the company has reduced production of the F-150 Lightning due to adjustments in manufacturing. This change could affect a few dozen employees at component plants that support the production of the F-150 Lightning.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:40 pm

AAPL

SONY

Apple Inc. (AAPL) is offering new and qualified returning Apple Card users up to three months of free subscription to services like Apple TV+, Apple Music, Apple Arcade, Apple Fitness+, and Apple News+. The promotion excludes iCloud plans and Apple One bundle subscriptions and is valid until January 31. Current subscribers are not eligible. The collaboration with Sony Group Corp. (SONY) includes a past promotion offering PlayStation 5 owners a six-month Apple Music subscription.

Portfolio Pulse from Rounak Jain

January 19, 2024 | 12:37 pm

CMC

DBX

WBA

WSM

Insiders at Williams-Sonoma, Commercial Metals, Dropbox, and Walgreens Boots Alliance have recently sold shares of their companies. Williams-Sonoma CEO sold 20,000 shares after an analyst upgrade and price target increase. Commercial Metals' Executive Chairman sold 142,806 shares following an announcement of a share repurchase program increase. Dropbox's Chief Legal Officer and CFO sold shares as the company launched a new AI-powered search feature. Walgreens Boots Alliance's Director sold 15,209 shares after reporting a sales increase that beat consensus.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 12:28 pm