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TSLA

Tesla Inc (NASDAQ:TSLA) has included an 'Easter egg' in its Cybertruck, referencing the infamous 2019 glass strength demonstration mishap. The hidden feature, a broken glass image on the infotainment system, was discovered by a Cybertruck owner and confirmed by CEO Elon Musk. The Cybertruck, described by Musk as Tesla's 'best product', began shipping in late 2023, and Tesla has embraced the cracked glass incident with humor, previously selling shirts and window decals featuring the broken glass design.

Portfolio Pulse from Adam Eckert

January 02, 2024 | 9:19 pm

SCYX

SCYNEXIS has entered into a binding Memorandum of Understanding (MoU) to amend its license agreement with GSK. Under the amendment, GSK is granted a royalty-bearing license to develop, manufacture, and commercialize Ibrexafungerp, including the approved product BREXAFEMME, in all countries except Greater China and others already licensed. Details of the agreement are disclosed in SCYNEXIS's Form 8-K dated March 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 9:13 pm

AVDX

GLBE

KVYO

MNDY

NCNO

SNOW

WDAY

WEAV

Piper Sandler analyst Brent A. Bracelin has made several rating changes for tech stocks, showing optimism for application software in 2024. NCNO and WEAV were upgraded to Overweight, AVDX was downgraded to Neutral, and U and BL were downgraded to Underweight. The analyst's top picks for 2024 include WDAY, SNOW, MNDY, KVYO, and GLBE, focusing on cloud recovery, data renaissance, and AI. WDAY, MNDY, and KVYO are highlighted for their value, while SNOW and GLBE are recommended for growth investors.

Portfolio Pulse from Anusuya Lahiri

January 02, 2024 | 8:36 pm

AAPL

ETSY

GOOG

NVDA

Gene Munster of Deepwater Asset Management predicts that smaller AI companies will outperform the 'Magnificent 7' mega-cap tech stocks in 2024. He recommends a 'dumbbell' investment approach, maintaining exposure to mega caps while investing in underappreciated AI stocks like Unity Software Inc (U) and Etsy Inc (ETSY). Munster suggests that Unity's work on spatial environments using AI and Etsy's implementation of AI in product development will benefit their stocks. He also favors Alphabet Inc (GOOG) and Apple Inc (AAPL) among the larger tech companies.

Portfolio Pulse from Adam Eckert

January 02, 2024 | 8:23 pm

FSR

Fisker Inc. (NYSE:FSR) shares have experienced volatility over the past month with fluctuations in stock price due to various business updates and the release of a final software update for the Fisker Ocean SUV. The company reported a 300% increase in deliveries from Q3 to Q4, which initially boosted the stock, but shares have since pulled back, trading lower on Tuesday. Price target changes for FSR have also been noted, ranging from $1 to $4.

Portfolio Pulse from Ryan Gustafson

January 02, 2024 | 8:14 pm

VEEV

Analysts have published 18 ratings on Veeva Systems (NYSE:VEEV) in the last three months, with a diverse range of views. The average 12-month price target is $209.44, down 3.56% from the previous average. Analysts have made various adjustments to their ratings and price targets, with some raising and others lowering their expectations. Veeva is a leading provider of cloud-based software for the life sciences industry. Financial indicators show strong market presence, profitability, and financial management, with a market cap above industry average, positive revenue trend, high net margin, ROE, and ROA, and low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 8:01 pm

GTBIF

HITI

TCNNF

VFF

Ontario has doubled the cap on cannabis retail stores to 150, aligning with other provinces and potentially benefiting the market. High Tide Inc. (HITI) CEO Raj Grover supports the move. South Dakota and Nebraska are making new attempts to legalize cannabis, with South Dakota gathering signatures for a 2024 ballot and Nebraska collecting signatures for a November ballot. California is considering a bill to streamline cannabis licensing to support small businesses. Cannabis stocks are believed to be poised for growth, with Benzinga PotProfits highlighting significant gains in certain stocks.

Portfolio Pulse from Jelena Martinovic

January 02, 2024 | 7:58 pm

BNTX

MRNA

BioNTech shares are trading higher, potentially due to Moderna's expectation of increased vaccine sales in 2025 and a rise in respiratory virus activity that could boost vaccine demand.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 7:51 pm

RIVN

TSLA

Rivian Automotive Inc (NASDAQ:RIVN) experienced a stock sell-off after reporting Q4 deliveries that slightly missed forecasts, with 13,972 EVs delivered against an expected 14,114. However, production exceeded expectations at 17,541 vehicles, suggesting supply constraints rather than demand issues. Future Fund's Gary Black anticipates Rivian's 2024 production guidance to be at least 70,000 units. Rivian is seen as a potential strong competitor to Tesla Inc (NASDAQ:TSLA), which exceeded its Q4 delivery and production targets.

Portfolio Pulse from Shanthi Rexaline

January 02, 2024 | 7:18 pm

AVXL

CORT

LBPH

LMDX

SNES

TSLA

VYGR

U.S. stocks saw a mixed performance with the Nasdaq Composite dropping significantly. Tesla Inc. (TSLA) reported higher-than-expected vehicle production and deliveries for Q4, surpassing consensus estimates. Health care shares gained, while information technology shares declined. Crude oil prices fell by 2.1%, and several companies experienced significant stock movements, including Longboard Pharmaceuticals (LBPH), Voyager Therapeutics (VYGR), and SenesTech (SNES) with notable gains, and Anavex Life Sciences (AVXL), LumiraDx (LMDX), and Corcept Therapeutics (CORT) with sharp declines.

Portfolio Pulse from Avi Kapoor

January 02, 2024 | 7:17 pm