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NFLX

Netflix Inc (NASDAQ:NFLX) is set to end its DVD subscription service this month, marking the end of an era that began in a warehouse near Disneyland. The DVD operations still serve around 1 million customers. The shift to streaming has rendered the DVD business obsolete, with DVD revenue for the first half of 2023 standing at $60 million, compared to the $6.5 billion from streaming in the U.S. alone. Netflix shares closed lower by 1.13% to $379.81 on Friday.

Portfolio Pulse from Nabaparna Bhattacharya

September 23, 2023 | 8:48 pm

HSBC

SCBFF

SCBFY

Singapore-based startup Silent Eight, backed by HSBC and Standard Chartered, is planning for an IPO by 2025. The company uses AI to assist financial institutions in combating financial crimes. With its software being adopted by major banks, Silent Eight is expected to see substantial growth. The company's revenue is set to triple this year, and it is expected to achieve profitability for the first time.

Portfolio Pulse from Nabaparna Bhattacharya

September 23, 2023 | 8:32 pm

COTY

IPAR

LRLCF

ULTA

L'Oréal Co. (OTC:LRLCF) (OTC:LRLCY) is undergoing significant transformations under its CEO, Nicholas Hieronimus, who projects the beauty market to reach $426.8 billion by 2030. The company is integrating advanced technology and investing over $1 billion annually in beauty tech. L'Oréal is also committed to sustainability and plans to use 100% recycled plastic by 2030. Other beauty stocks with upward potential include Coty Inc. (NYSE:COTY), Ulta Beauty, Inc. (NASDAQ:ULTA), and Inter Parfums Inc (NASDAQ:IPAR).

Portfolio Pulse from Nabaparna Bhattacharya

September 23, 2023 | 8:20 pm

ATAI

GOOGL

TSLA

The practice of microdosing psychedelics is gaining popularity among tech leaders for its perceived benefits on creativity, focus, and well-being. High-profile tech figures like Elon Musk of Tesla and SpaceX, and Sergey Brin of Google have reportedly used psychedelics. The trend is also being explored for medical treatments, with companies seeking FDA approval. However, the scientific evidence supporting the benefits of microdosing is still limited.

Portfolio Pulse from Lara Goldstein

September 23, 2023 | 7:22 pm

LCID

NKLA

TSLA

VFS

Electric vehicle (EV) stocks fell this week due to the Federal Reserve's hint at continuing its rate-tightening cycle. Tesla (TSLA) is rumored to pause Model Y production at its Giga Texas plant, causing concerns about Q3 deliveries. Lucid Group (LCID) received an operating license to begin production in Saudi Arabia. Nikola Corp. (NKLA) appointed Mary Chan as its new COO, causing the stock to spike by 38%. Toyota (TM) plans to triple EV production by 2025. VinFast Auto (VFS) plans to expand into Europe and India.

Portfolio Pulse from Shanthi Rexaline

September 23, 2023 | 4:53 pm

BTCUSD

BUD

CART

PLTR

TSLA

The past week saw the third consecutive week of losses for the Nasdaq Composite and the S&P 500. The Federal Open Market Committee decided to maintain interest rates at between 5.25% and 5.5%. Analyst Daniel Ives expressed confidence in Palantir Technologies securing a significant portion of the global AI market. Tesla and non-union foreign automakers stand to gain from the ongoing UAW strike affecting General Motors, Ford Motor, and Stellantis NV. Anthony Scaramucci expressed a bullish stance on Bitcoin. Anheuser-Busch InBev faces increased competition as Molson Coors Beverage Company and other brands capitalize on advertising opportunities. Instacart experienced a 40% stock jump on its debut, but Josh Brown advises investors to sell early for profit. Gordon L. Johnson II issued a sell rating on Tesla, citing concerns over demand issues, decreasing average selling prices and potential margin declines.

Portfolio Pulse from Michael Cohen

September 23, 2023 | 2:17 pm

NFLX

Netflix Inc (NASDAQ:NFLX) is releasing a reality show version of its popular series 'Squid Game' on November 22. The show will feature 456 contestants competing for a $4.56 million cash prize, the largest in reality television history. The original 'Squid Game' series was watched by 142 million households in the first 28 days of its premiere. Netflix ended the second quarter with 238.39 million global paid subscribers. The company's shares are up 29% year-to-date in 2023 and over 60% in the last year.

Portfolio Pulse from Chris Katje

September 23, 2023 | 2:05 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) is planning to expand its workforce at the Texas Gigafactory to 60,000, up from over 20,000 currently, as it prepares for increased Cybertruck production. The company has also begun infrastructure development to support this expansion. Tesla's CEO, Elon Musk, expects to sell 250,000-500,000 Cybertrucks annually once production is fully ramped up.

Portfolio Pulse from Anan Ashraf

September 23, 2023 | 1:18 pm

LCID

Lucid Group Inc. (NASDAQ:LCID) has received an operating license to start car production in Saudi Arabia's Special Economic Zone of King Abdullah Economic City. The company plans to start deliveries from the initial facility in the third quarter. Lucid has a purchase agreement with the Saudi government to sell up to 100,000 vehicles over the next 10 years, including vehicles built and assembled at the company’s existing Arizona factory.

Portfolio Pulse from Anan Ashraf

September 23, 2023 | 8:44 am

AAPL

Apple Inc.'s latest smartphone, the iPhone 15, features a new charging feature called the 'Handshake' trick. This feature allows two iPhones, or an iPhone and an Android device, to share power based on which device has a lower battery level. The iPhone 15 also incorporates the USB 3.2 standard, enabling data transfer speeds of up to 10Gbps, which is almost 20 times faster than previous models.

Portfolio Pulse from Ananya Gairola

September 23, 2023 | 8:08 am