Streetbeat News

Products Services

TSLA

Tesla Inc (NASDAQ:TSLA) is preparing to launch a new version of the Model Y, targeting mass production by mid-2024. The revamped Model Y will feature significant changes to both interior and exterior, with initial production expected at Giga Shanghai after upgrades. This move comes as Tesla faces increased competition, particularly from BYD, which may surpass Tesla in global EV sales. Tesla's Shanghai factory is crucial, accounting for over half of global deliveries and Model Ys representing a significant portion of China sales. Morgan Stanley analyst Adam Jonas maintains an Overweight rating on Tesla with a $380 price target.

Portfolio Pulse from Adam Eckert

December 27, 2023 | 4:47 pm

Weyerhaeuser Co (NYSE:WY) has entered the voluntary carbon market with its first sale of around 32,000 forest carbon credits at $29 each, from its Kibby Skinner Improved Forest Management Project in Maine. The company is developing several IFM projects across its 11-million-acre U.S. land base, with two expected to be approved in 2024. Additionally, Weyerhaeuser recently sold and purchased timberland in separate transactions totaling over $330 million. As of September 30, the company had $1.8 billion in cash and equivalents. WY shares rose 0.71% to $34.88.

Portfolio Pulse from Lekha Gupta

December 27, 2023 | 4:20 pm

AMD

INTC

NVDA

AMD stock is in the spotlight due to its MI300 Data Center GPU, challenging Nvidia in the AI market. AMD's stock rose 17% last month, outperforming Nvidia's 2% gain. Analysts predict AMD could capture 5%-10% of the AI accelerator market, potentially worth $150-$400 billion by FY27E. Deutsche Bank notes AMD's strong AI market position and customer partnerships. Nvidia, AMD, and Intel are all competing in the generative AI data center processor space, with each company showcasing new products and performance improvements. AMD's MI300X GPU and MI300A APU offer significant performance gains, while Nvidia and Intel focus on their own strengths in software ecosystem and TCO savings, respectively. AMD's stock saw a slight increase of 0.74% to $144.48.

Portfolio Pulse from Anusuya Lahiri

December 27, 2023 | 4:10 pm

BTCT

BTC Digital Ltd. (NASDAQ:BTCT) shares are rising after announcing a service agreement to manage and provide technical services for 1,480 Bitcoin mining machines for a client. The company will oversee the deployment of these devices in the U.S. and believes its expertise in device management and the cryptocurrency market influenced the client's decision. BTCT also plans to collaborate with the client in other areas of cryptocurrency mining. Additionally, BTCT recently launched a Bitcoin miner accessories business. Shares of BTCT are up 7.55% to $4.340.

Portfolio Pulse from Nabaparna Bhattacharya

December 27, 2023 | 4:08 pm

MTNB

Matinas BioPharma Holdings Inc (NASDAQ:MTNB) reported positive results from in vivo studies for oral delivery of LNC-formulated oligonucleotides targeting inflammatory cytokines TNFα and IL-17A. These studies showed successful results in animal models for acute inflammatory diseases. Earlier, Matinas confirmed the in vitro potency of these oligonucleotides. The studies demonstrated significant reductions in cytokine levels and clinical disease activity scores in models of acute colitis and psoriasis. Following the news, MTNB shares surged by 21.41% to $0.2450.

Portfolio Pulse from Vandana Singh

December 27, 2023 | 4:02 pm

AAPL

CRWD

DDOG

IWO

PANW

PTON

SPY

TSLA

TTWO

XLK

Deepwater Asset Management, co-founded by Gene Munster, has released its tech predictions for 2024 after achieving an 87.5% success rate with its 2023 predictions. The firm anticipates the iShares Russell 2000 Growth ETF (IWO) to outperform the SPDR S&P 500 ETF Trust (SPY), and expects tech companies like CrowdStrike (CRWD), Palo Alto Networks (PANW), and Datadog (DDOG) to be in acquisition mode. Apple (AAPL) is predicted to enhance Siri with AI and sell 400,000-500,000 units of Vision Pro, but not release new devices in the Vision line. Tesla (TSLA) is expected to maintain its U.S. EV market share in 2024. Deepwater also predicts Apple may acquire Peloton (PTON), and Take-Two Interactive (TTWO) could be the top U.S. gaming stock due to GTA VI anticipation. AI is expected to disrupt the 2024 presidential election with deepfakes. The Technology Select Sector SPDR Fund (XLK) saw a slight increase.

Portfolio Pulse from Shanthi Rexaline

December 27, 2023 | 3:59 pm

SPY

Ed Yardeni, president of Yardeni Research, is bullish on the S&P 500 for the upcoming year, citing 12 reasons for optimism. These include interest rate normalization, strong consumer purchasing power, record household wealth, high labor demand, onshoring trends, a recovering housing market, strong corporate cash flows, transitory inflation, technological advancements boosting productivity, the need to rethink economic indicators, containment of global risks, and a vision of a 'Roaring 2020s' era of growth. Yardeni sets a 5,400-point target for the S&P 500 in 2024.

Portfolio Pulse from Piero Cingari

December 27, 2023 | 3:57 pm

FXI

TSLA

Tesla Inc. is reportedly preparing to launch a revamped Model Y from its Shanghai plant, with mass production potentially starting by mid-2024. The updated Model Y will feature more noticeable exterior and interior changes, aiming to stay competitive as domestic rivals in China accelerate their product launches.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 3:53 pm

AAPL

Apple's M3 Pro MacBook Pro 14-inch with 36GB RAM is available for a record-low price of $1,999 after a $400 discount using an exclusive coupon code APINSIDER at Adorama. The offer also includes a $50 discount on three years of AppleCare. The deal is expected to be popular and inventory may be limited, with units expected to ship on Dec. 30.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 3:51 pm

AAPL

GOOGL