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META

Gene Munster of Deepwater Asset Management compared Meta Platforms Inc.'s competition with Apple Inc. in the AR/VR headset market to the past rivalry between BlackBerry Ltd and Apple in the smartphone market. Munster suggested that Meta might face a similar fate to BlackBerry, which lost its market dominance to Apple's innovative products. Apple is set to launch its Vision Pro mixed-reality headset, while Meta has already released its Quest 3 VR headset. Munster believes that Apple's entry into the market could validate Zuckerberg's vision but also poses a significant threat to Meta, echoing the past when Apple overtook BlackBerry.

Portfolio Pulse from Ananya Gairola

January 30, 2024 | 7:11 am

SRAD

Sportradar (NASDAQ:SRAD) has announced that its automated odds recalculation tool, Alpha Odds, has increased client profits by an average of 10% in 2023. Alpha Odds enables operators to create custom betting prices based on their risk and liabilities. Since its launch in 2022, the tool has been adopted by over 60 betting operators globally.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 7:10 am

CHKP

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has announced the launch of a new Partner Program designed to enhance partner capabilities and stimulate growth in the dynamic cyber security market.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 7:08 am

AMC

JBT

NOC

On CNBC's 'Mad Money,' Jim Cramer advised against investing in AMC Entertainment Holdings Inc. (NYSE:AMC), citing a decline in moviegoers and the stock's poor performance. Instead, he recommended Northrop Grumman Corporation (NYSE:NOC) and John Bean Technologies Corporation (NYSE:JBT), praising NOC's current price and JBT's position in the industrial food sector. AMC's short percent of float has increased, indicating bearish sentiment, despite a revenue increase in Q3.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 7:03 am

GM

General Motors Company (NYSE:GM) is anticipated to report Q4 earnings of $1.16 per share, down from $2.12 per share a year ago, with projected revenue of $38.97 billion, a decrease from $43.11 billion. Cadillac is increasing production of the Lyriq EV. GM's stock closed up 0.3% at $35.28. Analysts have recently adjusted GM's price targets, with the most accurate analysts giving ratings ranging from Buy to Outperform and price targets between $40 and $60.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 6:56 am

XIACY

Xiaomi Corporation's first EV, the Xiaomi SU7, is reported to have a top model priced at approximately $50,350. The pricing details, which range from $35,230 to $50,350 for different variants, are yet to be officially confirmed by Xiaomi. The company is known for its high-quality, affordable smartphones and is now entering the EV market, with the SU7 currently in trial production. Morgan Stanley analysts have a positive outlook on Xiaomi's entry into the EV sector.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 6:26 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' has advocated for Bitcoin and silver in investment portfolios, despite admitting his limited knowledge about Bitcoin. He expressed confidence in Bitcoin, having bought it early, and highlighted the importance of the upcoming Bitcoin halving event. Kiyosaki also mentioned carrying a debt of $1.2 billion, implying a nonchalant attitude towards the potential risk due to his belief that the bank would suffer if he goes bust. Bitcoin was trading at $43,427, up 2.79% at the time of writing.

Portfolio Pulse from Mehab Qureshi

January 30, 2024 | 6:05 am

TGT

Several Target Corp. employees were fired for allegedly violating an unwritten rule requiring a 15-minute wait before purchasing merchandise. The rule, meant to give customers priority, was not known to the employees, who were terminated after buying Stanley insulated cups amid a buying frenzy. The cups, part of Target's 'Galentine's Collection,' sold out quickly and gained viral attention on TikTok. Despite the incident, Target is considered a top retail idea for 2024 by Goldman Sachs.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 5:49 am

HMC

STLA

TM

Toyota Motor Corp (NYSE:TM) leads vehicle sales in California, primarily with combustion engine models, registering 278,345 new vehicles in 2021, a 2% increase from the previous year. However, Toyota faces competition in the EV market, with only 3,753 BEV and 10,889 plug-in hybrid registrations. Honda Motor Co (NYSE:HMC) saw a 33.4% increase in registrations, while Stellantis NV's (NYSE:STLA) Jeep Wrangler PHEV outperformed Toyota's RAV4 PHEV. Tesla's Model Y was the best-selling car in California, indicating a strong market shift towards BEVs.

Portfolio Pulse from Anan Ashraf

January 30, 2024 | 5:37 am

BTCO

Invesco and Galaxy Asset Management have reduced the fee of their Invesco Galaxy Bitcoin ETF (BTCO) from 0.39% to 0.25% to attract more investors and compete with other issuers. Invesco also offers a fee waiver for the first six months or until the ETF reaches $5 billion in assets. Despite this, BTCO has seen modest inflows compared to similar ETFs from BlackRock and Fidelity. Franklin Templeton's Bitcoin ETF currently has the lowest fee at 0.19% with a fee waiver until August 2 or until it reaches $10 billion in assets.

Portfolio Pulse from Mehab Qureshi

January 30, 2024 | 3:45 am