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GM

TSLA

Wedbush analyst Daniel Ives has reiterated an Outperform rating on Tesla (TSLA) and raised the price target from $310 to $350, based on expectations of electric vehicle share gains and margin stabilization in 2024. Ives predicts Tesla will regain its $1 trillion market cap in 2024. He commends Tesla's strategy, especially in China, and anticipates a record fourth-quarter volume there. Ives also sees potential in Tesla's full-self-driving package and Supercharger network, comparing Tesla's current position to Apple's in 2008/2009. Meanwhile, he notes a potential tempering in the EV transformation of General Motors (GM) and Ford (F), with rumors of Ford slashing its F-150 Lightning production from 2024.

Portfolio Pulse from Shanthi Rexaline

December 22, 2023 | 5:14 am

BA

Boeing Co. (NYSE:BA) has resumed direct deliveries of its 787 Dreamliner to China with the first delivery to Juneyao Airlines since November 2019. This event marks a significant step for Boeing, which has been working to ramp up production and deliveries of new jets, including the 737 Max, which deliveries to China were halted almost five years ago due to safety concerns. The resumption of deliveries follows Boeing's recent approval from China's aviation regulator to resume 737 MAX deliveries and a competitive deal with Thai Airways favoring the 787 over Airbus.

Portfolio Pulse from Benzinga Neuro

December 22, 2023 | 5:13 am

SHIBUSD

Shiba Inu (CRYPTO: SHIB) saw a significant burn rate increase with 8.53 billion SHIB, worth over $90,000, removed from circulation, marking a 161,500% surge in 24 hours. The lead developer hinted at an upcoming announcement. Additionally, SHIB partnered with D3 Global to secure the .shib domain, aiming to enhance Web3 interoperability within its ecosystem.

Portfolio Pulse from Mehab Qureshi

December 22, 2023 | 4:59 am

BTCUSD

El Salvador's Congress has passed a law allowing foreigners to gain expedited citizenship through Bitcoin donations for social and economic development projects. President Nayib Bukele, a Bitcoin advocate, labeled the bill a 'vital interest'. The law's details, including minimum donation requirements, are not specified. Additionally, El Salvador introduced the 'Adopting El Salvador Freedom Visa Program', targeting high-net-worth individuals with a $1 million investment in Bitcoin or Tether for a path to citizenship, aiming to bring $1 billion into the economy.

Portfolio Pulse from Mehab Qureshi

December 22, 2023 | 3:29 am

HUGE

FSD Pharma (NASDAQ:HUGE), originally a licensed cannabis producer, has transitioned into biotech with two innovative products: UNBUZZD, a drink for rapid recovery from inebriation, and Lucid-MS, a drug candidate for Multiple Sclerosis (MS) treatment. UNBUZZD, developed by Lucid Psycheceutical, is expected to launch by Q1 2024 and aims to reduce Breath Alcohol Concentration quickly using natural ingredients. Lucid-MS represents a novel approach to MS treatment by promoting re-myelination rather than immunosuppression, with promising preclinical results and ongoing Phase 1 trials. The global MS treatment market was valued at $23 billion in 2022.

Portfolio Pulse from Lara Goldstein

December 22, 2023 | 3:19 am

AAPL

MISO

Apple Inc. (AAPL) has ceased sales and will no longer repair out-of-warranty Series 9 and Ultra 2 Apple Watches in the US due to a patent dispute with Masimo Corp. (MISO). The ITC rejected Apple's efforts to defer an import ban, which could lead to a potential loss of up to $400 million for Apple. The ban remains until a resolution is reached with Masimo, government intervention occurs, or Apple solves the issue, possibly through a software update.

Portfolio Pulse from Ananya Gairola

December 22, 2023 | 2:15 am

MARA

MULN

NKE

RIOT

TSLA

U.S. stocks were up with the Dow, S&P 500, and Nasdaq posting gains. Nike (NKE) fell in after-hours despite beating earnings due to revenue miss. Marathon Digital (MARA) surged on mining expansion and crypto optimism. Mullen Automotive (MULN) soared after vehicle delivery news and CARB certification. Riot Platforms (RIOT) increased modestly with Bitcoin's rise. Tesla (TSLA) rose despite potential safety issues in Norway.

Portfolio Pulse from Benzinga Neuro

December 22, 2023 | 2:05 am

AAPL

MISO

The International Trade Commission (ITC) has denied Apple Inc.'s request to delay a sales ban on certain Apple Watch models in the U.S. This follows an October ruling that the Apple Watch's blood oxygen sensor infringed on Masimo Corp's intellectual property. Apple's shares dipped slightly after the announcement of the sales pause but remained stable in after-hours trading. The sales suspension of the latest Apple Watch models could result in a loss of up to $400 million, according to Wedbush Securities analyst Dan Ives. Retailers like Walmart, Best Buy, and Target can continue selling the watches due to a legal loophole.

Portfolio Pulse from Ananya Gairola

December 22, 2023 | 12:42 am

TSLA

Elon Musk, a prominent supporter of Dogecoin, stated in an interview with Ark Funds CEO Cathie Wood that he doesn't spend much time thinking about cryptocurrency. Musk was asked about Bitcoin, which he discussed less than other topics. Cathie Wood emphasized the importance of rules-based cryptocurrencies like Bitcoin. Musk's comments are significant as Tesla Inc. previously added Bitcoin to its balance sheet, a move that validated the cryptocurrency. Musk also mentioned that X has obtained financial payment licenses in over half the states, with a goal to secure all states by mid-2024.

Portfolio Pulse from Chris Katje

December 22, 2023 | 12:34 am

BONEUSD

SHIBUSD

ShibChain, a new Layer-2 scaling solution for the Shiba Inu ecosystem, has been launched on Polygon's CDK framework. It competes with Shibarium and will use SHIB as its gas fee, unlike Shibarium which uses BONE. ShibChain aims to increase the utility of SHIB by allowing its use in games, NFTs, and DeFi, with low transaction costs and high efficiency. Shiba Inu's price has seen a 3% increase in the last 24 hours and a 29.3% gain over the past month.

Portfolio Pulse from Khyathi Dalal

December 21, 2023 | 11:36 pm