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SONY

Sony Group Corp. (NYSE:SONY) is offering PlayStation Plus Premium members a free trial of Marvel's Spider-Man 2 starting Feb. 6. The trial, available for PS5 users subscribed to the $159.99/year tier, allows a two-hour gameplay before purchase. This initiative is part of Sony's strategy to enhance value for its PlayStation Plus service, alongside offering other games like Foamstars, Rollerdome, and Steelrising for free access on the same date. Insomniac Games has also updated Marvel's Spider-Man 2 with post-launch patches for an improved gaming experience.

Portfolio Pulse from Franca Quarneti

February 01, 2024 | 8:58 pm

AMZN

Amazon.com has introduced Rufus, a generative AI-powered conversational shopping experience, set to launch in beta on February 1 to a select group of customers via Amazon's mobile app. Rufus will be made available to additional U.S. customers in the following weeks.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 8:49 pm

GOEV

Canoo Inc. (NASDAQ:GOEV) shares dropped over 11% after a recent surge, following announcements of a U.S. Postal Service purchase and a successful addition of EVs to Zeeba's fleet. The U.S. Postal Service will buy six LDV 190s for delivery in Q1 2024, and Zeeba has added Canoo EVs to its fleet under an existing agreement for 5,450 vehicles. Canoo's stock had previously gained over 30% after these announcements.

Portfolio Pulse from Erica Kollmann

February 01, 2024 | 8:45 pm

BYDDY

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), has significantly changed his view on BYD Co. Ltd. (OTC:BYDDY), acknowledging its competitive strength in the EV market after BYD surpassed Tesla in EV sales. Musk's comments followed Tesla's reported 12% drop in shares and missed earnings, highlighting the intense competition in the electric car industry.

Portfolio Pulse from Caleb Naysmith

February 01, 2024 | 8:30 pm

ATI

SXC

ATI Inc. and SunCoke Energy reported their 2023 financial results, showing growth in sales and net income. ATI's sales were driven by the aerospace and defense sectors, while SunCoke's performance was bolstered by its Domestic Coke segment. Alcoa Corporation announced a partnership with Nexans to supply low-carbon aluminum rod using its ELYSIS technology, aiming to reduce greenhouse gas emissions in aluminum smelting.

Portfolio Pulse from Austin DeNoce

February 01, 2024 | 8:20 pm

SONY

Sony Group Corp. (NYSE:SONY) showcased an extensive lineup of upcoming PS5 games at its 2024 State of Play event, including Death Stranding 2, Dragon's Dogma II, and a new Sonic x Shadow Generations game. The event also highlighted partnerships and expansions into new platforms, indicating Sony's strategic focus on broadening its gaming ecosystem.

Portfolio Pulse from Franca Quarneti

February 01, 2024 | 8:16 pm

AAPL

AMZN

GOOGL

MAGS

META

MSFT

NVDA

QQQ

SPY

TSLA

The Magnificent Seven stocks, coined by Bank of America analyst Michael Hartnett, are seven high-profile technology stocks that have significantly outperformed in recent years due to their involvement in major tech trends like AI, cloud computing, and EVs. These stocks include Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), Apple (AAPL), Alphabet (GOOGL), Nvidia (NVDA), and Tesla (TSLA). They dominate the market by leveraging their technological advancements, strong balance sheets, and brand power. Despite their high valuations and low yield, their growth prospects, especially in AI, make them attractive. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) offer broader market exposure, while the Roundhill Magnificent Seven ETF (MAGS) provides direct investment in these stocks.

Portfolio Pulse from Stjepan Kalinic

February 01, 2024 | 8:13 pm

BTCUSD

Macro investor Raoul Pal predicts a 60% chance that Bitcoin could reach $150,000, with a 20% chance of peaking more rapidly and then declining, and another 20% chance of reaching $250,000. This analysis follows the approval of a Bitcoin ETF, which saw an initial price drop in Bitcoin. Pal attributes this to the market needing time to absorb new capital and highlights the millennial cohort as significant, stable investors in Bitcoin. He also notes a shift in the investor base towards a more finance-oriented crowd, which could reduce Bitcoin's volatility.

Portfolio Pulse from Murtuza Merchant

February 01, 2024 | 7:50 pm

AAPL

DIS

META

Apple Inc (AAPL) unveiled its Apple Vision Pro augmented reality headset at WWDC 2023, set for release on Feb. 2 with a price of $3,499. CEO Tim Cook and other executives, along with director James Cameron, praised the device's groundbreaking technology. The Vision Pro, featuring apps from Zoom, Microsoft, and Disney (DIS), faces competition from Meta Platforms' (META) Meta Quest 3. Analysts are optimistic but note challenges in pricing and market penetration.

Portfolio Pulse from Chris Katje

February 01, 2024 | 7:45 pm

AMD

Goldman Sachs analyst Toshiya Hari maintained a Buy rating on Advanced Micro Devices Inc (AMD) and raised the price target from $157 to $180, citing a near-term correction as a buying opportunity. AMD reported Q4 revenue of $6.2 billion, slightly above consensus, but adjusted EPS was below Hari's estimates. Despite expected weakness in the Gaming business, strong customer traction in the Data Center GPU business and positive revenue guidance revision are seen as positives. AMD's exposure to generative AI, server CPU market share growth, and margin expansion are highlighted as key drivers.

Portfolio Pulse from Anusuya Lahiri

February 01, 2024 | 7:39 pm