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STM

STMicroelectronics has announced a major reorganization aimed at enhancing product development innovation, efficiency, and customer focus by end market. The company will be restructured into two Product Groups, which will be further divided into four Reportable Segments. Additionally, a new application marketing focus by end market will be implemented across all regions to complement the existing sales and marketing organization.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:15 am

WMT

Walmart+ has partnered with Andy Cohen for a campaign to support customers in maintaining their New Year's resolutions past National Quitter's Day. The campaign, 'Save Your Resolutions,' aims to encourage customers to continue pursuing their goals, such as eating healthier, saving money, spending more time with family, or traveling more, with the help of Walmart+'s services.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:08 am

HYMTF

Hyundai Motor Group has announced the expansion of its fuel cell system brand HTWO into a hydrogen value chain business brand at CES 2024. The company also revealed its ongoing development of software-defined vehicle (SDV) technologies, aiming to create a 'Software-defined Everything' (SDx) ecosystem that extends beyond mobility. Additionally, Hyundai presented its future mobility concepts, including DICE, SPACE, and CITY POD, which are centered around human needs and powered by hydrogen energy and software technologies.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:44 am

NVDA

SOXX

Nvidia Corp. (NVDA) has seen a significant rally in 2023, with shares increasing by 264% and reaching a new high at the 2024 Consumer Electronics Show. Fund manager Gary Black believes NVDA is still undervalued, trading at 26.5 times the adjusted EPS for 2024 with a projected 28% CAGR in EPS from 2024 to 2028. Analysts have set a 12-month price target of $662.39, suggesting a 25% upside. Nvidia's Q4 guidance anticipates revenue of $20 billion, indicating over 230% year-over-year growth, despite U.S. export bans to China. The company's AI accelerator chipsets are in high demand due to the rise of generative AI software.

Portfolio Pulse from Shanthi Rexaline

January 10, 2024 | 6:29 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has launched the new Model 3 in North America with the same starting prices as the previous version. The rear-wheel drive model is priced at $38,990 and the Long Range version at $45,990, with estimated ranges of 272 miles and 341 miles respectively. The new Model 3, however, is not eligible for the federal EV tax credit of $7,500.

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 5:09 am

HTZ

TSLA

Hertz Global Holdings Inc (HTZ) is selling its used Tesla (TSLA) vehicles at discounted prices on its website. The sale includes 518 Tesla cars, with prices starting at $20,700 for a 2021 Model 3 and $31,100 for a 2022 Model Y. This move follows Hertz's announcement to scale back its EV fleet due to higher repair costs and a decline in Tesla's MSRP, which has negatively impacted Hertz's EBITDA.

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 4:17 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad', has raised his Bitcoin price target to $150,000 in anticipation of a potential Bitcoin ETF approval. He expressed his positive outlook on Bitcoin and precious metals, while maintaining a critical view of fiat currency. Kiyosaki also highlighted the importance of the upcoming Bitcoin halving event and shared his personal financial strategy, which includes being in debt but investing in Bitcoin, gold, and silver.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 3:27 am

TSLA

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and Tesla investor, expressed disappointment over Tesla's lack of a large language model (LLM) in its vehicles, following announcements by competitors like Volkswagen about integrating ChatGPT in their cars. Elon Musk has previously hinted at exploring a partnership with his AI startup xAI to bring its AI chatbot Grok to Tesla cars, emphasizing Tesla's AI capabilities over traditional automaking.

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 3:02 am

GM

HMC

TSLA

VLVCY

Honda Motor Co Ltd (NYSE:HMC) showcased two new electric vehicle concepts, the 'Space-Hub' and 'Saloon', at CES, indicating the design direction for its '0 Series' EVs set to launch in North America in 2026. The vehicles feature autonomous driving capabilities and rapid charging, charging from 15% to 80% in 10 to 15 minutes. Honda's global strategy aims to shift all sales to EVs by 2040 and has adopted Tesla Inc's EV charging standard, allowing access to Tesla Supercharger stations.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 2:42 am

AAPL

SONO

Saori Casey, a former Apple Inc. executive, is set to become the CFO of Sonos Inc., replacing Eddie Lazarus who will become the chief strategy officer. Casey's extensive experience at Apple, where she managed financial planning and investor relations, is expected to benefit Sonos as it expands into new markets like headphones. This appointment follows a trend of executive departures from Apple, with other notable figures like Tang Tan and Steve Hotelling also leaving the company.

Portfolio Pulse from Ananya Gairola

January 10, 2024 | 1:50 am