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MAT

Mattel, Inc. (NASDAQ:MAT) shares rose over 2% after the company announced plans to develop a feature-length film based on the children's series Bob the Builder. The film will be developed in collaboration with ShadowMachine, Nuyorican Productions, and Anthony Ramos. This follows the success of the 'Barbie' movie, which grossed over $1.4 billion. Mattel acquired Hit, owner of Bob the Builder, in 2011 for $680 million. MAT shares were trading at $18.52, up by 2.32%.

Portfolio Pulse from Nabaparna Bhattacharya

January 26, 2024 | 6:32 pm

AXP

DIA

INTC

QQQ

SMH

SPY

XLK

XLV

Stocks showed mixed performance despite mild inflation data, with the S&P 500 and Nasdaq 100 slightly down, while the Dow Jones edged higher. Personal spending growth outpaced expectations, raising concerns about the Fed's interest rate policy. Bitcoin rallied after hitting 1 million active addresses. Tech stocks and semiconductors fell, with Intel's weak forecast impacting the sector. American Express surged on a strong outlook, while other companies had varied reactions to earnings reports.

Portfolio Pulse from Piero Cingari

January 26, 2024 | 6:18 pm

TSLA

Wedbush analyst Daniel Ives lowered Tesla's price target from $350 to $315 and removed it from the Best Ideas List after a disappointing Q4 report and vague 2024 guidance. Ives criticized Tesla's earnings call and suggested a 10-point plan to improve share performance, including a $10 billion buyback, a new 'X Holding' structure for AI initiatives, maintaining automotive margins, hosting an AI Day, securing outside capital for X/Twitter, a new CEO compensation package, setting a Model 2 production timeline, returning to formal guidance, AI acquisitions, and setting long-term AI targets.

Portfolio Pulse from Chris Katje

January 26, 2024 | 6:15 pm

AAPL

AMZN

CRM

GOOG

META

MSFT

Big Tech companies like Amazon, Google, Microsoft, Meta, and Apple, known for their significant cash reserves, are continuing layoffs into the new year, with Amazon and Google announcing more job cuts. These layoffs are part of cost-cutting measures to fund expensive AI initiatives, despite the recovery of online advertising revenues post-pandemic. Microsoft has an early lead in AI due to its partnership with OpenAI, while Amazon and Google are striving to catch up.

Portfolio Pulse from Upwallstreet

January 26, 2024 | 5:52 pm

FSR

Fisker Inc. (NYSE:FSR) shares are rising due to CEO Henrik Fisker's attendance at the NADA show, where he will discuss the company's strategic shift to dealer partnerships. Fisker has over 100 dealers in North America and Europe interested in this new model. The company expects to sell all remaining 2023 vehicles by the end of Q1 and will provide a delivery update next month. FSR shares are up 5.62% to $0.7887.

Portfolio Pulse from Nabaparna Bhattacharya

January 26, 2024 | 5:42 pm

ALK

Alaska Air announced the return of their first 737-9 MAX planes to service while final inspections are ongoing. The airline expects to complete inspections on all 737-9 MAX aircraft by the end of next week. Alaska Air will resume flights with the 737-9 MAX starting with Flight 1146 from Seattle to San Diego on January 26.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:39 pm

IBIT

MARA

RIOT

Shares of Marathon Digital Holdings, Inc. (MARA) and Riot Platforms, Inc. (RIOT) are trading higher as Bitcoin's price rises. The approval of Bitcoin spot ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT), initially hurt crypto stocks. Bitcoin's recovery to a 6% increase on Friday has positively impacted MARA and RIOT, which have high short interest, potentially leading to significant price volatility.

Portfolio Pulse from Erica Kollmann

January 26, 2024 | 5:37 pm

ARBK

BTDR

CLSK

CORZ

HUT

MARA

RIOT

A Cantor Fitzgerald report suggests that the upcoming Bitcoin Halving in April could render nine of the eleven largest publicly traded Bitcoin miners unprofitable at a Bitcoin price of $40,000. Only Bitdeer (BTDR) and CleanSpark (CLSK) are expected to maintain profit margins. Argo Blockchain (ARBK) and Hut 8 Mining (HUT) are projected to be the most affected. Other miners like Marathon Digital (MARA), Riot Blockchain (RIOT), and Core Scientific (CORZ) may also face significant impacts. The report considers the all-in cost per coin, which includes electricity, hosting fees, and other expenses. Miners are selling reserves ahead of the Halving to cover costs and prepare for future investments. The Halving, which reduces the reward per block for miners, is expected to create price increases due to supply contraction.

Portfolio Pulse from Khyathi Dalal

January 26, 2024 | 5:16 pm

TSLA

WKSP

WKSPW

Tesla Inc (TSLA) experienced a significant drop in market valuation at the start of 2024, with challenges in making the Cybertruck profitable before 2025. Ford Motor (F) also saw a reduction in its electric F-150 production due to slowing EV demand. Worksport Ltd. (WKSP, WKSPW) is advancing with its clean energy solutions, purchasing inventory parts for the Alpha Release of its COR portable energy system and providing prototypes to Hyundai. The future of electric pickups is tied to battery technology and charging infrastructure innovation.

Portfolio Pulse from Upwallstreet

January 26, 2024 | 5:09 pm

AAPL

OPRA

Opera has announced plans to ship Opera One, a new AI-centric browser with its own engine, following Apple's decision to allow alternative browsers for iOS users. This move comes after Apple's announcement related to the Digital Markets Act (DMA).

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:04 pm