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NFLX

Netflix's CFO has stated that advertising, a potential future growth area for average revenue per member, is not yet a significant factor. This suggests that the company is not heavily relying on advertising revenue at this stage.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:41 pm

WIX

Wix.com (NASDAQ:WIX) has launched its Tap to Pay service for Android customers, in partnership with payment processing platform, Stripe. The service allows secure, contactless payments directly from Android devices for U.S.-based merchants. The company recently reported a revenue growth of 13% in Q2, and analysts have continued to reaffirm its Market Outperform and Buy rating on the stock.

Portfolio Pulse from Khyathi Dalal

September 13, 2023 | 3:34 pm

NFLX

During the Bank of America Conference, Netflix Inc's CFO revealed that the company's spin-off accounts are leaning towards ad-free options, with a significant proportion still opting for the ad tier.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:28 pm

EPOW

TSLA

Sunrise New Energy announced that it has received interest from Tesla Inc for its products. No further details were provided.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:23 pm

ADBE

Adobe Inc. (NASDAQ:ADBE) shares are trading higher ahead of its third-quarter financial results announcement. The company has also announced the commercial launch of its Firefly web application, now available across Adobe Creative Cloud, Adobe Express, and Adobe Experience Cloud. Adobe is expected to report earnings of $3.98 per share and third-quarter revenue of $4.87 billion.

Portfolio Pulse from Erica Kollmann

September 13, 2023 | 3:14 pm

MDGL

Madrigal Pharmaceuticals announced that the FDA has accepted for review its New Drug Application (NDA) for resmetirom, a treatment for adult patients with NASH with liver fibrosis. This news has led to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:06 pm

BA

Boeing (NYSE:BA) forecasts a demand for 1,025 new airplanes in Africa over the next 20 years, driven by a projected intra-African passenger traffic growth of over 4 times. The overall African air traffic growth is forecast at 7.4%, above the global average of 6.1%. The African commercial jet fleet is expected to more than double to 1,550 aircraft. Single aisle jets like the Boeing 737 MAX are expected to be in high demand. The African aviation traffic has recovered strongly in 2023, with flights currently 8% above pre-pandemic levels.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 2:37 pm

F

GM

SPY

TSLA

Tesla Inc (NASDAQ:TSLA) is returning to the Detroit Auto Show after eight years. The last time Tesla and CEO Elon Musk attended the show, an investment of $1,000 in Tesla stock would have yielded $19,790.36 today, a return of 1,879.0%. In comparison, the same investment in Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) would have returned $1,281.95 and $1,205.90 respectively. An investment in the SPDR S&P 500 ETF Trust (NYSE:SPY) would have returned $2,574.29.

Portfolio Pulse from Chris Katje

September 13, 2023 | 2:35 pm

CVNA

Carvana Co. (NYSE:CVNA) has adopted the Texas Department of Motor Vehicles' electronic odometer and sales disclosure tool to streamline the car buying process. The tool allows customers to complete their purchases entirely online, eliminating unnecessary paperwork. The company has been serving the Texas market since 2015, assisting almost 200,000 residents in finding their cars. Last month, Carvana launched same-day vehicle delivery in North Carolina.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2023 | 2:34 pm

MSFT

Microsoft's augmented reality goggles, developed for the U.S. Army, have performed well in tests, according to the U.S. Department of Defense. This could potentially lead to a larger contract for Microsoft.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 2:33 pm