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RIVN

Rivian Automotive Inc (NASDAQ:RIVN) announced it will unveil its second-generation EV platform, R2, on March 7. The reveal, confirmed after speculation and a teaser post on X, will take place at Laguna Beach. The R2 platform, expected to start production in 2026, aims to offer a more compact and affordable option in the midsize SUV market, targeting the $45,000 to $50,000 price range. This move comes as Rivian seeks to compete in a segment dominated by Tesla. Rivian's shares closed down 4.2% at $14.94 on the announcement day.

Portfolio Pulse from Anan Ashraf

February 06, 2024 | 3:33 am

DIS

Brittney Griner, a WNBA All-Star and two-time Olympic Gold Medalist, was not selected for the US Women's Olympic Qualifying Roster despite participating in a training camp. Griner, who spent 10 months in a Russian prison before being released in December 2022, is partnering with Walt Disney Co to produce a documentary and other projects about her ordeal. The US Women's Basketball Team aims for an eighth consecutive Olympic gold medal.

Portfolio Pulse from Maureen Meehan

February 06, 2024 | 3:09 am

TSLA

Investors are being drawn to Elon Musk's AI venture, xAI, with a presentation highlighting its potential by leveraging Musk's network of companies and comparing its path to OpenAI's success. The presentation lists Tesla Inc. (TSLA) and X (formerly Twitter) as strategic partners, providing crucial training data for xAI. Despite Musk's denial of seeking up to $6 billion in funding, xAI has reportedly secured $500 million in financing, aiming for $1 billion in equity and a valuation between $15 billion and $20 billion.

Portfolio Pulse from Ananya Gairola

February 06, 2024 | 2:24 am

LLY

NVDA

PLTR

SYM

TSLA

On a day when U.S. stocks traded lower, Palantir, Nvidia, Eli Lilly, Symbotic, and Tesla were among the most watched by investors. Palantir's stock fell despite a revenue increase, Nvidia surged on a bullish forecast by Goldman Sachs, Eli Lilly rose in anticipation of its weight-loss drug, Symbotic's shares dropped after mixed financial results, and Tesla declined amid concerns over alleged illegal drug use by its CEO.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 1:45 am

CMCSA

The documentary 'Stormy,' focusing on Stormy Daniels and her alleged affair with Donald Trump, is set to release on March 18 on Peacock, owned by Comcast Corporation (NASDAQ:CMCSA). The release coincides with Trump's trial over hush money payments to Daniels, potentially impacting public perception during the 2024 presidential campaign. The documentary is directed by Sarah Gibson, with Judd Apatow as an executive producer.

Portfolio Pulse from Chris Katje

February 05, 2024 | 11:37 pm

MSFT

NTDOY

SONY

Microsoft Corp. is reportedly considering releasing certain Xbox games, including Indiana Jones and the Great Circle and possibly Starfield, on Sony Group Corp.'s PS5. This potential shift to multi-platform gaming may also extend to Nintendo ADR's Switch. The strategy reflects Microsoft's broader aim to be a 'good publisher' across multiple platforms, following its acquisition of Activision Blizzard. The move could change the exclusivity dynamics of future titles like The Elder Scrolls 6.

Portfolio Pulse from Franca Quarneti

February 05, 2024 | 11:13 pm

CAT

DE

KMTUY

UBS predicts a bull market for gold and silver in 2024, driven by potential Federal Reserve interest rate cuts, with gold expected to reach $2,200 per ounce. The global mining equipment market is also forecasted to grow significantly, benefiting companies like Deere & Company, Caterpillar, and Komatsu America Corp. South Africa's President highlights challenges in the mining sector, including energy shortages and illegal activities, impacting the country's attractiveness to investors.

Portfolio Pulse from Austin DeNoce

February 05, 2024 | 10:44 pm

DIS

Walt Disney Co (NYSE:DIS) is set to report Q1 financial results on Feb. 7, 2024, with expected revenue of $23.685 billion and EPS of 99 cents. Analysts highlight Disney's cost-cutting and strong cash flow growth guidance, particularly from the Experiences and DTC segments. Disney+ subscriber growth and battles with Elon Musk and Florida Gov. Ron DeSantis are key issues. Disney faces challenges from activist investor Nelson Peltz. DIS shares are down 0.49% to $96.65, with a 7% increase YTD in 2024.

Portfolio Pulse from Chris Katje

February 05, 2024 | 10:36 pm

TPET

Trio Petroleum announced an update on its operations in Monterey County, California, stating that a production rig is now on-site at the McCool Ranch Oilfield to restart oil production. The company expects the first two wells to begin production this week.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:29 pm

MSFT

Call of Duty is transitioning to an open-world format starting with its 2024 release, Black Ops Gulf War. Developed by Microsoft's Raven Software, the game will feature a campaign with open-world elements similar to Far Cry, including vehicle navigation and a fast travel system. The game aims for an October or November 2024 release, with future titles also rumored to adopt an open-world approach. The next installment, codenamed Saturn, is expected in October 2025 and may feature a map divided into various biomes.

Portfolio Pulse from Franca Quarneti

February 05, 2024 | 10:24 pm