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AEVA

Aeva Technologies, Inc. has been selected as the Tier 1 LiDAR supplier by a global automotive OEM for its series production vehicle program, leading to an increase in the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 4:36 pm

AAPL

NFLX

T

TMUS

VZ

T-Mobile US, Inc (NASDAQ:TMUS) has enhanced its Go5G Next plan by adding Hulu to its lineup of complimentary streaming services, including Apple TV+ and Netflix. This move bolsters T-Mobile's entertainment offerings in the wireless industry, providing customers with over $35 per month in streaming benefits at no extra cost. T-Mobile's 5G network reaches over 330 million people, surpassing the coverage of AT&T Inc (NYSE:T) and Verizon Communications Inc (NYSE:VZ). TMUS shares saw a 0.95% increase to $163.45.

Portfolio Pulse from Anusuya Lahiri

January 03, 2024 | 4:28 pm

BBY

LGEIY

LGEJY

ROKU

SSNLF

Roku Inc is entering the high-end TV market with its new Pro Series TVs, challenging established players like Samsung and LG. The Pro Series will include 55-inch, 65-inch, and 75-inch models, with prices up to $1,500. Roku's move to upscale TVs from its budget-friendly streaming devices aims to continue its sales momentum and diversify its product range. The company's stock dipped slightly on the announcement. Roku's TVs will be available at Best Buy among other retailers.

Portfolio Pulse from Anusuya Lahiri

January 03, 2024 | 4:23 pm

SIDU

Sidus Space shares have risen following the NOAA's grant of a Tier 1 remote sensing license to the company, allowing it to include Panchromatic and Shortwave Infrared imaging capabilities.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 4:10 pm

DBRG

INTC

Intel Corp (INTC) and DigitalBridge Group Inc (DBRG) have launched Articul8 AI Inc, a new company providing a GenAI software platform for enterprise security with various deployment options. Articul8 AI, leveraging Intel's technology, will focus on market opportunities and GenAI adoption in enterprises. Arun Subramaniyan, ex-Intel VP, is the CEO of Articul8. DigitalBridge Ventures led the investment, with Intel and others acquiring equity stakes. The platform is already deployed in sectors like financial services and telecommunications, with Boston Consulting Group as a user. INTC shares dropped 1.41% to $47.13 recently.

Portfolio Pulse from Anusuya Lahiri

January 03, 2024 | 4:09 pm

TM

Toyota Motor North America (TMNA) reported a 6.6% increase in 2023 U.S. sales with 2,248,477 vehicles sold. Q4 sales rose 15.4% YoY, and December sales surged 25.5%. Electrified vehicle sales grew 30%, representing nearly one-third of total sales. Toyota is expected to be the top retail brand for the 12th year and plans to offer an electrified option for every Toyota and Lexus model by 2025.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 4:02 pm

MZDAY

Mazda North American Operations reported a record December with sales of 39,518 vehicles, a 44.8% increase YoY. FY23 sales also rose to 363,354 vehicles, up 23.2% YoY. The CX-50, CX-5, and CX-30 models achieved best-ever December sales. Mazda's CX-90 started U.S. sales in March and won the Good Housekeeping 2024 Family Travel Award. Tom Donnelly became President and CEO in April. Mazda Toyota Manufacturing celebrated its fifth anniversary. All tested Mazda vehicles earned the IIHS 2023 TOP SAFETY PICK, with the CX-90 receiving the TOP SAFETY PICK+ after the first U.S. crash test. Mazda Canada and Mazda Mexico also reported sales increases in December and FY23.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:49 pm

F

GM

TSLA

General Motors (GM) is offering a $7,500 incentive on its electric vehicles (EVs) that are no longer eligible for a U.S. government tax credit due to new Treasury guidelines on battery sourcing. The Chevrolet Bolt remains eligible, while the Cadillac Lyriq and Chevy Blazer EV lost the credit. GM expects these models to regain eligibility in early 2024 after a sourcing change. Other affected vehicles include the Volkswagen ID.4, Nissan Leaf, some Tesla Model 3s, and Ford Mach-E. The number of EV models qualifying for U.S. tax credits dropped from 43 to 19 due to the new rules set by the 2022 Inflation Reduction Act.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:44 pm

META

TSLA

Elon Musk and Mark Zuckerberg have seen significant increases in their net worth in 2023, with Musk regaining the title of the world's richest person and Zuckerberg ranking sixth. Musk's wealth rose by over $96 billion, while Zuckerberg's increased by $84 billion. Tesla, Inc.'s stock doubled, but Meta Platforms, Inc.'s stock outperformed with a gain of over 185%. The rivalry between the two CEOs intensified with the launch of Meta's Threads to compete with Musk's X, born from Twitter. Both are focusing on AI for future developments, with Tesla's Autopilot AI and Meta's AI product team working on various AI-driven features.

Portfolio Pulse from Erica Kollmann

January 03, 2024 | 3:44 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trade strategies for SPY, QQQ, AAPL, MSFT, TSLA, GOOGL, META, and NVDA, based on a proprietary formula involving price, volume, and options flow. The memo outlines potential support and resistance levels for each asset, suggesting possible price targets for bullish and bearish scenarios. It also advises traders to stay alert to market conditions and adjust strategies accordingly. The memo highlights the importance of premarket activities, economic data releases, and FOMC Minutes for trading decisions. RIPS, a pro trader, curates the memo and offers insights and mentorship through the Market Clubhouse community.

Portfolio Pulse from RIPS

January 03, 2024 | 3:39 pm