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GOEV

KARS

LCID

RIVN

TSLA

Tesla faced a challenging week with job cuts, price reductions, and lowered analyst expectations, impacting its stock negatively. Rivian also announced job cuts due to the industry slowdown. Canoo received a 'Buy' rating from Benchmark, while Lucid showcased its 2024 Air Grand Touring with the longest range among US EVs. Fisker announced new dealer partnerships amid bankruptcy concerns. The KraneShares Electric Vehicles ETF saw a decline, reflecting broader market trends and specific company issues in the EV sector.

Portfolio Pulse from Shanthi Rexaline

April 20, 2024 | 1:33 pm

BUG

CIBR

HACK

IHAK

MSFT

WCBR

FBI Director Christopher Wray warns of Chinese state-sponsored hackers targeting U.S. critical infrastructure, highlighting the importance of operational technology (OT) security. Three OT startups, Dragos Inc., Claroty, and Nozomi Networks, are noted for their significant venture capital funding in response to these threats. The article also mentions Microsoft's identification of the Chinese hacking group 'Volt Typhoon' as a major threat and lists five cybersecurity ETFs as investment considerations.

Portfolio Pulse from Anthony Noto

April 20, 2024 | 12:50 pm

TSLA

Elon Musk hinted at the imminent launch of Tesla's Full Self-Driving (FSD) feature in China in response to a Chinese Tesla owner's inquiry. This follows Tesla's decision to halve the price of its FSD package, making it more accessible. The FSD software, still in beta and requiring driver supervision, is expected to see significant improvements, with Musk announcing three major updates every two weeks. Additionally, Tesla has restarted its offer to allow FSD software transfer to new vehicle purchases.

Portfolio Pulse from Navdeep Yadav

April 20, 2024 | 8:04 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) reduced the prices of its Model S, X, and Y vehicles in the U.S. by $2,000, marking a strategy shift that has previously been criticized. This move comes as Tesla faces negative volume growth, with first-quarter deliveries declining year-over-year for the first time since Q2 2020. The price cuts are seen as a response to declining auto gross margins and overall pressure on the EV industry. Tesla also ended its referral program in the U.S. and announced layoffs, including high-profile executives. The company is set to report its first-quarter results soon, with analysts expecting a decrease in earnings per share and revenue compared to the previous year.

Portfolio Pulse from Shanthi Rexaline

April 20, 2024 | 3:57 am

MAPS

Weedmaps (NASDAQ:MAPS) reports significant consumer trends ahead of 4/20, highlighting a substantial increase in sales, orders, and consumer engagement on the platform. Data shows a 200% surge in deal redemptions, a 100% increase in deal claims, and notable price reductions across cannabis products. The average order value rose to $96.22, a 14% increase, with a 25% increase in items per basket. Vape pens, edibles, and cannabis flowers saw significant growth in orders, particularly among Gen Z and consumers aged 50+.

Portfolio Pulse from Rolando García

April 19, 2024 | 10:44 pm

MSFT

Six months following Microsoft's acquisition of Activision Blizzard, Holly Longdale, an executive at World of Warcraft, shared that Microsoft has allowed Blizzard to maintain its autonomy, stating 'There's no one asking us to do anything.' Longdale praised the supportive environment and the opportunities for collaboration with other Microsoft-owned studios. Despite the positive integration, Microsoft's gaming division faced layoffs affecting 1,900 employees and project cancellations. Blizzard also announced a new World of Warcraft expansion, 'The War Within,' generating anticipation.

Portfolio Pulse from Franca Quarneti

April 19, 2024 | 8:32 pm

META

Meta Platforms Inc (NASDAQ:META) has permanently reduced the price of the Meta Quest 2 VR headset to $199, half its original price. Despite the release of Quest 3, Quest 2 remains popular, compatible with all Quest games except Quest 3 exclusives. Concerns about long-term support linger, but Meta CTO assures support for first-party games. Quest 2 is Meta's best-selling headset, contributing to the majority of 20 million headsets sold by February 2023.

Portfolio Pulse from Franca Quarneti

April 19, 2024 | 8:31 pm

BLK

COIN

LMT

TSLA

Tech stocks, particularly in the Nasdaq 100, faced their fourth consecutive week of declines amid inflation and geopolitical concerns. Fed Chair Jerome Powell's stance on interest rates pushed Treasury yields to 5%. Gold prices rose for the fifth week. Concerns over U.S. debt sustainability were highlighted by the IMF. BlackRock and Coinbase launched campaigns on Bitcoin halving. Tesla announced a recall of Cybertruck vehicles and layoffs of over 14,000 employees. Lockheed Martin secured a $17-billion missile defense contract.

Portfolio Pulse from Piero Cingari

April 19, 2024 | 8:10 pm

AGRI

AgriForce Growing Systems has received an Australian patent (No. 2018215090) for a range of health-focused food products including high fiber, high protein, low carbohydrate flour, sweetened liquids, sweeteners, and cereals, along with their production methods.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 7:58 pm

PYPL

Deep-pocketed investors are showing a bearish sentiment towards PayPal Holdings (NASDAQ:PYPL), with a significant move detected by Benzinga's options scanner. The activity includes 30 unusual options activities, with a bearish majority of 76% and a bullish minority of 23%. The options trades suggest a target price range of $40.0 to $85.0 for PYPL over the next three months. The largest trades observed include both bearish and bullish sentiments, with notable trades in both calls and puts. PayPal, known for its electronic payment solutions and owning Venmo, has 426 million active accounts as of the end of 2023. The stock is currently down by -0.55% at $61.76, with an earnings announcement expected in 11 days. Market experts have issued ratings with a consensus target price of $68.0.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 7:16 pm