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TSLA

Seven automakers including BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, and Stellantis NV are joining forces to develop a new charging network joint venture to compete with Tesla's supercharger network. They plan to install at least 30,000 high-powered charge points across the country, offering both Combined Charging System and Tesla’s North American Charging Standard connectors. The joint venture is expected to be established this year, with the first stations opening in the summer of 2024.

Portfolio Pulse from Anan Ashraf

July 27, 2023 | 6:04 am

AAPL

Apple Inc.'s upcoming iPhone 15 Pro Max is expected to have a significantly higher price tag, potentially reaching up to $1,299, according to Barclays analyst Tim Long. The price increase is attributed to superior features such as an advanced Telephoto lens with periscope technology, space-grade titanium, and stacked battery technology. The Pro Max iPhones have not seen a price hike since they were first introduced in 2018.

Portfolio Pulse from Ananya Gairola

July 27, 2023 | 6:03 am

TSLA

Gary Black from Future Fund has reiterated his positive stance on Tesla's Cybertruck, stating that it will be a 'home run' for the company and will 'really catapult' the stock. He believes the Cybertruck, with 1.9 million pre-orders and priced below $50,000, will become a 'rolling billboard', driving more orders for other Tesla models. Black does not believe the Cybertruck will cannibalize existing products as it targets pickup truck enthusiasts in their 40s and 50s.

Portfolio Pulse from Shanthi Rexaline

July 27, 2023 | 5:49 am

META

Mark Zuckerberg, CEO of Meta Platforms Inc. (NASDAQ:META), has outlined the company's growth strategy for its new social media platform, Threads. Despite recent signs of flagging user engagement, Zuckerberg remains optimistic about the platform's future, stating that the company has a lot of basic work to do and will continue to build and experiment with features that users enjoy.

Portfolio Pulse from Benzinga Neuro

July 27, 2023 | 5:30 am

GOOG

GOOGL

UBER

Alphabet Inc's autonomous driving technology unit, Waymo, announced it will focus all its efforts and investment on ride-hailing, halting other development plans. The company sees a substantial commercial opportunity in ride-hailing and will push back efforts on trucking. Waymo will continue the technical development of an autonomous truck platform with its partner Daimler Truck North America. The company also has a multi-year partnership with Uber Technologies, enabling users to hail an autonomous Waymo ride via the Uber app in Phoenix.

Portfolio Pulse from Anan Ashraf

July 27, 2023 | 4:27 am

AMZN

GOOG

GOOGL

META

MSFT

Meta Platforms Inc. (META) and Microsoft Corporation (MSFT) have collaborated to introduce Llama-2, an advanced AI technology. The partnership was driven by Meta's lack of a public-cloud offering, allowing them to leverage Microsoft's cloud capabilities. Llama-2 is open-source, but large companies with public-cloud offerings, such as Amazon.com, Inc. (AMZN), and Alphabet Inc.’s Google (GOOG, GOOGL), may need to make revenue-sharing arrangements for commercial usage.

Portfolio Pulse from Ananya Gairola

July 27, 2023 | 4:18 am

TSLA

Tesla's Cybertruck, which has been the subject of intense interest and speculation, has been spotted testing on Californian streets with calibration equipment. This type of testing has been used by Tesla in the past to gather important information on the performance of their car models. The latest sighting comes at a time of increased scrutiny of safety standards maintained by Tesla vehicles.

Portfolio Pulse from Benzinga Neuro

July 27, 2023 | 2:53 am

BWXT

LMT

TSLA

Lockheed Martin Corp (LMT) has been awarded a contract by the U.S. Department of Defense to develop a nuclear spaceship for manned missions to Mars. The project, in collaboration with NASA and the Defense Advanced Research Projects Agency (DARPA), aims to demonstrate a nuclear thermal rocket in orbit. BWX Technologies Inc (BWXT) will develop and produce the fuel for the mission. Tesla Inc's (TSLA) CEO Elon Musk has also shown interest in the technology.

Portfolio Pulse from Natan Ponieman

July 26, 2023 | 11:29 pm

BUD

DEO

STZ

TAP

Bud Light, owned by Anheuser-Busch InBev (BUD), has seen a significant drop in sales and market share due to controversies and boycotts. The brand has fallen to fourth place in retail rankings, with a 7.3% market share, and has seen a year-over-year sales drop of 26.1%. Meanwhile, rivals Constellation Brands (STZ) and Molson Coors (TAP) have seen their shares hit 52-week highs. Diageo PLC (DEO), owner of Guinness, is also mentioned as a potential competitor.

Portfolio Pulse from Chris Katje

July 26, 2023 | 11:19 pm

DIS

NFLX

Epic Games' Fortnite has introduced a collaboration with the animated show 'Futurama', allowing gamers to play as characters Fry, Bender and Leela. The crossover comes as the show returns with a new season after a 10-year absence. Epic Games has previously collaborated with Netflix Inc.'s 'Stranger Things' and Walt Disney Co.'s Star Wars franchise.

Portfolio Pulse from Franca Quarneti

July 26, 2023 | 10:38 pm