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ATHM

BIDU

CANG

CVNA

KXIN

Autohome Inc. (ATHM) reported a 4% increase in net profit to 1.88 billion yuan for the last year, with sales of new energy vehicles (NEVs) soaring by nearly 82%. The company's collaboration with Baidu (BIDU) on artificial intelligence and big data aims to enhance its service offerings. Despite rising costs, Autohome's strategic investments and focus on NEVs and the used car market are positioning it for growth. Its P/S ratio significantly exceeds that of peers Cango (CANG), Kaixin Auto (KXIN), and Carvana (CVNA), indicating strong investor confidence.

Portfolio Pulse from The Bamboo Works

February 16, 2024 | 3:51 pm

BTCUSD

According to Lyra Finance, there's a 20% chance Bitcoin could exceed $70,000 by the end of April, driven by U.S. spot ETF investments and optimistic market sentiment. This prediction follows Bitcoin's 35% rise to $52,000, its highest since late 2021. The optimism is fueled by U.S. fiscal policies and the anticipated mining reward halving. Lyra, a leading decentralized platform for crypto options, notes early trading activity favors bullish outcomes for Bitcoin.

Portfolio Pulse from Murtuza Merchant

February 16, 2024 | 3:48 pm

VRT

High-rolling investors have shown a bullish sentiment on Vertiv Hldgs (NYSE:VRT), with a notable split in sentiment (50% bullish, 50% bearish) based on recent options trading activity tracked by Benzinga. The activity includes 8 options trades, with a focus on a price band between $60.0 and $90.0. The largest trades observed include both calls and a put, with significant total trade prices. Vertiv Hldgs, a company that offers solutions for data centers, communication networks, and commercial and industrial facilities, has seen its stock price increase by 0.41% to $63.1, with an RSI indicating it may be approaching overbought territory. Earnings are expected in 5 days.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 3:32 pm

NVDA

TSM

Taiwan Semiconductor Manufacturing Co (TSM) stock has seen a significant increase in market value, attributed to the artificial intelligence frenzy and its role as a key supplier to Nvidia Corp (NVDA). TSMC's market cap reached $575 billion, surpassing Visa Inc (V), following a price target upgrade by Morgan Stanley. The company's performance has contributed to Taiwan's benchmark index reaching an all-time high, with a 7.9% increase in January sales indicating rising global demand for consumer electronics. Nvidia, benefiting from the AI surge, has seen its market cap reach $1.82 trillion. TSMC's focus on AI and advanced chip manufacturing, including plans to produce 2-nanometer chips by 2025, positions it well for future growth.

Portfolio Pulse from Anusuya Lahiri

February 16, 2024 | 3:15 pm

BLNK

EVGO

NAAS

TSLA

XCHG Ltd., a fast-charging station maker founded by former Tesla engineers, has filed for a Nasdaq IPO, aiming to raise funds to expand its business. The company reported a 46% revenue growth in the first nine months of last year and is the second-largest seller of DC fast chargers in Europe. Competitors include Tesla (TSLA), NaaS Technology (NAAS), EVgo (EVGO), and Blink Charging (BLNK). XCHG plans to use IPO proceeds for a new charger factory in the U.S., R&D, global market expansion, and working capital.

Portfolio Pulse from The Bamboo Works

February 16, 2024 | 3:13 pm

SBSW

Sibanye-Stillwater (NYSE:SBSW) is exploring new applications for palladium in the hydrogen market as demand from the automotive sector decreases due to the shift towards electric vehicles. The company, facing a decline in palladium prices and industry layoffs, has formed a joint venture with Heraeus Precious Metals to innovate in hydrogen applications, aiming to reduce costs and dependence on scarce materials like iridium.

Portfolio Pulse from Stjepan Kalinic

February 16, 2024 | 3:01 pm

CMCSA

PARA

Paramount is reportedly in discussions with Comcast about a potential streaming deal as it explores various strategic options. This move indicates Paramount's efforts to strengthen its position in the competitive streaming market.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:55 pm

CHNR

CPOP

DXF

GXAI

HTOO

TVGN

U.S. stocks were mostly lower with the Dow Jones falling by 150 points due to a rise in U.S. producer prices by 0.3% in January, marking the biggest increase in five months. Information technology shares rose by 0.6%, while real estate shares fell by 1.3%. Gaxos.ai Inc., Pop Culture Group Co., Ltd, and Fusion Fuel Green PLC saw significant stock price increases due to positive company developments. Conversely, China Natural Resources, Inc., Hepion Pharmaceuticals, Inc., and Dunxin Financial Holdings Limited experienced notable declines.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 2:42 pm

MSFT

Elon Musk criticizes OpenAI, co-founded with Sam Altman, for its shift from a non-profit, open-source model to a profit-oriented, closed-source structure, particularly in light of its collaboration with Microsoft Corp. (NASDAQ:MSFT). Musk's disapproval stems from OpenAI's partnership with Microsoft and its transition towards profit-making, despite Musk's own ventures into for-profit AI companies like xAI, Neuralink, and Optimus.

Portfolio Pulse from Rounak Jain

February 16, 2024 | 2:19 pm

BTCUSD

Mark Yusko, CEO of Morgan Creek Capital Management, predicts Bitcoin's (BTC) fair value at $75,000, expecting it to reach $150,000 post-halving. He cites on-chain activity, Bitcoin Ordinals, and Metcalfe's law as valuation methods. Yusko anticipates a market cycle with altcoins dropping significantly, while Bitcoin maintains its 'digital gold' status. He also discusses the legitimization of cryptocurrency investing through new Bitcoin ETFs and addresses regulatory opposition and misconceptions about Bitcoin's security.

Portfolio Pulse from Ivan Crnogatić

February 16, 2024 | 2:14 pm