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AAPL

JPMorgan analyst Samik Chatterjee maintains an Overweight rating on Apple with a $265 price target, noting strong interest in the iPhone 16 series despite a decline in preference for high-end models. Interest in new iPhones is higher for 2024, driven by faster devices and 5G connectivity.

Portfolio Pulse from Anusuya Lahiri

October 02, 2024 | 4:48 pm

JOBY

TM

WBAT

Toyota is investing an additional $500 million in Joby Aviation to support the certification and production of electric air taxis. This investment will increase Toyota's total stake in Joby to $894 million. The funds will aid in the certification and commercial production of Joby's electric air taxi, with plans for a manufacturing alliance. Joby is progressing towards commercialization, having completed significant stages in the certification process.

Portfolio Pulse from Lekha Gupta

October 02, 2024 | 4:45 pm

HSY

RBC reports that Mars, a competitor of Hershey, plans to increase prices in December. This move could impact Hershey's market position and pricing strategy.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:39 pm

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading higher following the launch of DSP2.0, a platform for equity program management and IPO processes. The company may benefit from a recent Fed interest rate cut, potentially increasing demand for its financial products. Analysts have a positive outlook with a 12-month price target of $8.75.

Portfolio Pulse from Erica Kollmann

October 02, 2024 | 4:35 pm

SJM

J M Smucker has announced that it has dedicated plans to ensure continuity of service amid the U.S. East Coast ports strike.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:32 pm

NVVE

Nuvve Holding Corp (NASDAQ:NVVE) showcased its scalable V2G solution at an Exelon event, highlighting its ability to turn parked EVs into grid powerhouses. This innovation positions Nuvve as a leader in the V2G market, which is expected to grow significantly. NVVE stock rose by 8.33% following the announcement.

Portfolio Pulse from Anusuya Lahiri

October 02, 2024 | 4:30 pm

NVVE

Nuvve Holding is collaborating with leading EV innovators, utilities, and grid operators to demonstrate vehicle-to-grid integration. This initiative highlights the company's role in advancing EV technology and grid solutions.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:30 pm

NVVE

Nuvve Holding has unveiled its new AC V2G technology at an Exelon event, utilizing the SAE J3068/2 standard. This development could enhance Nuvve's position in the vehicle-to-grid technology market.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:30 pm

TSLA

Tesla's Q3 deliveries were 462,890 vehicles, slightly above consensus estimates, marking a return to delivery growth. Analysts see this as a positive step but note more work is needed. Upcoming catalysts include Robotaxi Day and Q3 financial results.

Portfolio Pulse from Chris Katje

October 02, 2024 | 4:21 pm

LUCY

Innovative Eyewear, Inc. (NASDAQ:LUCY) has expanded its retail presence, with its smart eyewear now available in approximately 370 stores. The company showcased its products at Vision Expo West, receiving positive feedback and interest from retailers.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:11 pm