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CAT

GOOG

MDB

MNDY

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Ivan Feinseth, Chief Investment Officer at Tigress Financial Partners, predicts that AI will play a significant role across diverse sectors, not just in tech. Tech leaders like Microsoft, Alphabet, and Amazon will spearhead AI developments, but sectors like farming and infrastructure will also join the revolution. Feinseth also sees potential for AI in the pharmaceutical industry and in traditionally non-tech companies like Caterpillar and Deere. He also mentioned Ingersoll Rand, Mongodb, and Monday.com as potential AI beneficiaries.

Portfolio Pulse from AJ Fabino

August 04, 2023 | 11:45 am

FXI

Toyota plans to increase its electric vehicle (EV) development efforts in China to compete with domestic players in the world's largest car market. The company will develop its own batteries, utilize big metal castings similar to Tesla, and focus on making its future cars as aerodynamic as possible. Toyota's suppliers Denso and Aisin will also increase their work in the powertrain department. The company will also develop 'smart cockpits' in China, with engineers from joint ventures with FAW Group, Guangzhou Automobile Group (GAC), and BYD working together at Toyota's largest research and development facility in China.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:42 am

META

RBLX

Roblox CEO David Baszucki announced that Roblox Beta went live on Meta Quest on July 27, and it has seen over one million downloads in the first five days.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:41 am

SPR

Spirit AeroSystems expects to deliver 40 to 45 shipsets on Boeing's 787, about 60 shipsets on Airbus' A350, 580 shipsets on A320, and 75 to 80 shipsets on A220.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:36 am

AMD

NVDA

QQQ

SPY

Nvidia Corp's stock is trading lower along with the broader market after Fitch downgraded the U.S. credit rating. Advanced Micro Devices reported its Q2 beat and shared plans to ramp up production of its AI chips, potentially competing with Nvidia. Analysts claim Nvidia as the biggest beneficiary of the AI game, but untapped demand from Microsoft, Alphabet, and Apple could fuel potential for AMD. The broader index ETFs, SPDR S&P 500 and Invesco QQQ Trust, are also trading lower.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 11:34 am

ABC

AmerisourceBergen Corporation (NYSE:ABC) has raised its FY23 forecast due to higher demand for weight-loss and diabetes products, offsetting lower COVID-19 sales. Q3 FY23 adjusted EPS was $2.92, up 11.5% Y/Y, beating the consensus of $2.83. Revenue of $66.5 billion increased by 11.5% Y/Y, beating the analyst consensus of $63.37 billion. The company will change its name to Cencora Inc and begin trading under the ticker symbol 'COR' on NYSE on August 30, 2023. ABC shares are up 0.40% at $189.85.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 11:30 am

APD

Air Products (NYSE: APD) has signed agreements with Bechtel Energy Inc. to supply its proprietary LNG process technology and equipment to NextDecade's Rio Grande LNG Phase 1 Project in Texas. The project will include three natural gas liquefaction trains employing Air Products' liquefaction equipment with a production capability of approximately 17.6 million tonnes per annum (MTPA) of LNG. Air Products' coil-wound heat exchangers (CWHEs) and AP-C3MR™ LNG Process technology have been selected for their proven reliability for large-scale LNG production.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:28 am

AMZN

Amazon is planning to revamp its grocery business by making several changes including allowing non-Prime members to make grocery orders, unifying online grocery carts from Whole Foods, Amazon Fresh and Amazon.com, and deemphasizing its 'Just Walk Out' system in physical stores.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 11:28 am

GPS

MAT

TWTR

Twitter CEO Linda Yaccarino has shown off a new pink-colored 'X' app icon, joining the Barbie trend. The Barbie movie has so far amassed $781 million in worldwide box office collections. Gap Inc. (NYSE:GPS) has signed a deal with Mattel Inc. (NASDAQ:MAT) to launch Barbie-themed merchandise.

Portfolio Pulse from Rounak Jain

August 04, 2023 | 11:27 am

HPCO

Hempacco Co, Inc. (NASDAQ:HPCO) has signed a master distribution agreement with AAA Smoke & Vape. The agreement will allow AAA Smoke & Vape to distribute Hempacco's entire product portfolio, including Snoop Dogg's Dogg lbs, The Real Stuff Hemp Smokables, Rick Ross's Hemp Hop Smokables and Wraps, and Cheech & Chong Smokables and Wraps.

Portfolio Pulse from Vuk Zdinjak

August 04, 2023 | 11:25 am