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NOK

TMUS

T-Mobile has chosen Nokia as a partner to enhance the scalability and efficiency of its 5G high-speed internet service, according to Reuters. This partnership is expected to improve T-Mobile's 5G network capabilities and potentially lead to better service for its customers.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 8:46 pm

AAPL

AMZN

GOOG

RIVN

TSLA

Apple Inc (AAPL) has scaled down its ambitions for the Apple Car, now aiming for a 2028 launch with features similar to Tesla Inc's (TSLA) current EV capabilities. The project, known as Titan, has faced multiple delays and reduced expectations. Apple's revenue growth has slowed, prompting the company to explore new categories, including the upcoming Apple Vision Pro headset. The EV industry overall is facing challenges, with some OEMs slowing down electrification efforts. Meanwhile, competitors like Amazon.com Inc (AMZN) and Alphabet Inc's (GOOG) Waymo are advancing their EV and autonomous driving initiatives.

Portfolio Pulse from Adam Eckert

January 23, 2024 | 8:37 pm

PLUG

Plug Power Inc. experienced a significant surge in stock price, the largest since January 2021, after announcing it is nearing the finalization of a $1.6 billion loan from the US Department of Energy. The company is also implementing cost-cutting measures and has recently made its Georgia electolyzer production plant operational, with another plant in Tennessee set to open shortly.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 8:32 pm

ENSC

Ensysce Biosciences' stock is trading higher following the announcement that the FDA has granted Breakthrough Therapy Designation to its drug PF614-MPAR.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 8:30 pm

NVEI

Nuvei Corporation's stock is trading higher following the announcement of its partnership with Adobe, which will allow Adobe customers to access Nuvei's payment technology.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 8:30 pm

FNGG

NFLX

Netflix, Inc (NASDAQ:NFLX) is set to release its Q4 earnings after market close on Tuesday. The stock has been trading flat, mirroring the S&P 500's sideways movement. Netflix's Q3 results exceeded expectations, causing a 16% stock surge the next day. Analysts predict Q4 earnings of $2.22 per share on revenues of $8.719 billion. Technical analysis shows Netflix's stock in a neutral position but in an uptrend on the daily chart. Options traders face increased risk due to higher premiums from implied volatility. The Direxion Daily NYSE FANG+ Bull2X Shares (NYSE:FNGG), which includes Netflix as its seventh-largest holding, is an option for traders looking to leverage their position. However, leveraged ETFs are recommended for short-term trading rather than long-term investments.

Portfolio Pulse from Melanie Schaffer

January 23, 2024 | 7:41 pm

BA

Boeing has issued a memo to its suppliers emphasizing the importance of meeting quality requirements, specifically mentioning the need for properly tightening bolts. The memo, as reported by Reuters, urges suppliers to review their bolt tightening procedures during manufacturing to ensure compliance.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:41 pm

META

Citi analyst Ronald Josey maintains a Buy rating on Meta Platforms Inc (NASDAQ:META) with a $440 price target, citing strong growth in ads and AI innovations. Josey predicts Q4 ad load expansion and notes newer ad products are in higher demand. He expects Meta's Q4 earnings to surpass consensus estimates with projected revenue of $39.45 billion and EPS of $4.83. Meta's stock rose 170% last year, and CEO Mark Zuckerberg sold $428 million worth of stock in the last two months of 2023.

Portfolio Pulse from Anusuya Lahiri

January 23, 2024 | 6:50 pm

AAPL

Apple has reportedly scaled back the self-driving features of its planned car and delayed the launch to 2028, according to Bloomberg. The company's ambitions for fully autonomous driving capabilities have been tempered, leading to a less advanced level of autonomy than initially intended.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:44 pm

AAPL

Apple Inc has announced that a demo experience for Apple Vision Pro will take place on Friday, January 26, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:16 pm