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CIFR

Cipher Mining Inc (CIFR) and Canaan Inc (CAN) have entered into an agreement for the purchase of 16,700 A1466 model Bitcoin mining machines. Cipher Mining previously bought 11,000 similar models from Canaan, which have been delivered and installed. The new machines are expected to be delivered in April and May 2024. The companies' shares are trending, potentially influenced by an increase in Bitcoin's price, which is up 2.61% over 24 hours and more than 150% over a year. Cipher Mining shares are up 3.82% at $4.08, and Canaan shares are up 2.45% at $2.09.

Portfolio Pulse from Adam Eckert

January 04, 2024 | 2:49 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) delivered 100 Class 1 and 141 Class 3 vehicles to Randy Marion Automotive Group by Dec. 31, 2023, totaling $12,559,520 in invoices. An additional 185 Class 1 vehicles are scheduled for delivery by Jan. 8, 2024. These deliveries are part of a larger order consisting of 6,000 Class 1 vehicles worth $200 million and 1,000 Class 3 vehicles worth $63 million, with the majority to be delivered throughout 2024.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:46 pm

TSLA

BYD surpassed Tesla in Q4 2023 EV sales with 526,000 vehicles, while Tesla led annual sales with 1.8 million despite demand decline from higher borrowing costs. Tesla's stock surged 110% in 2023 but dipped 3% in early 2024. Investors await Tesla's Q4 earnings report on January 24th, with an estimated EPS of $0.74, after a Q3 miss. Tesla's stock closed at $248.42, down 0.07% after the closing bell on January 2.

Portfolio Pulse from Zaheer Anwari

January 04, 2024 | 2:46 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 considering price, volume, and options flow. The memo outlines potential bullish and bearish price levels for each asset and advises traders to stay alert for breakouts or reversals. Significant employment data and December's Final Services PMI may induce market volatility. The memo is part of the Market Clubhouse membership, which offers daily market analysis, a watch list, and real-time trading mentorship.

Portfolio Pulse from RIPS

January 04, 2024 | 2:45 pm

AMZN

LMT

Boeing Company (BA) and Lockheed Martin Corporation (LMT) are set to launch their Vulcan rocket, a competitor to Elon Musk's SpaceX, as early as next week. The rocket, developed by United Launch Alliance (ULA), a joint venture between BA and LMT, aims to serve entities such as the Pentagon, NASA, and Amazon.Com, Inc. (AMZN). Blue Origin LLC, led by Jeff Bezos, has made a multibillion-dollar acquisition bid for ULA. The Vulcan rocket, which has been in development for nearly a decade, is designed to be a cost-effective, American-made alternative to ULA's Atlas and Delta rockets. ULA has secured contracts for approximately 70 Vulcan missions. BA and LMT shares are trading higher following the news.

Portfolio Pulse from Nabaparna Bhattacharya

January 04, 2024 | 2:44 pm

WMT

Walmart and Unity have announced a partnership to integrate Walmart's commerce APIs into Unity-developed games and apps, allowing for the sale of physical items within virtual experiences. This collaboration aims to merge the physical and digital worlds, providing a seamless experience for users and a new revenue stream for developers. Walmart has already tested this concept with games like House Flip, Avakin Life, and ZEPETO, and plans to offer an official Unity SDK for developers.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:42 pm

CCJ

The spot uranium price has reached a 10-year high at $92 per pound, driven by global efforts to expand nuclear power and supply challenges. Cameco (NYSE:CCJ), a major uranium producer, has seen its stock rise 89.7% in 2023 but recently stagnated despite the bullish uranium market. The company may need to purchase uranium to meet contracts and has the financial strength to invest in new projects. Long-term contracts, rather than spot market activity, typically dictate uranium trade, which could affect Cameco's operations.

Portfolio Pulse from Stjepan Kalinic

January 04, 2024 | 2:41 pm

SOFI

SoFi Invest has announced a 2% match on all eligible IRA contributions through Tax Day 2024, doubling the previously announced 1% match from late 2023. This initiative aims to alleviate tax season anxiety for investors, particularly Gen X'ers, Millennials, and Gen Z who feel underinvested. SoFi Invest also offers tools and resources such as access to CFPs, fractional share trading, and educational content to support members' financial goals.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:39 pm

IDAI

Trust Stamp has filed a provisional patent application for its new Stable IT2 technology, which could potentially enhance the company's intellectual property portfolio and offer innovative solutions in the tech space.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 2:31 pm

AAPL

Apple Inc. (AAPL) shares fell by 4% after Barclays downgraded the stock due to concerns over disappointing iPhone 15 sales, particularly in China where the government is reportedly discouraging state employees from using iPhones. The stock is nearing a crucial support level at $182, with the next key level at $179. Despite a strong performance in 2023 with a 47% increase, AAPL has declined by over 4% in 2024. The stock closed at $185.64 on January 2.

Portfolio Pulse from Zaheer Anwari

January 04, 2024 | 2:25 pm