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TSLA

Gary Black, Managing Partner of Future Fund, highlighted Tesla, Inc. (NASDAQ:TSLA) as the 'only investable EV play' amid cutbacks from other automakers like Ford Motor Co. (NYSE:F). Tesla's stock closed above $250, marking a significant rebound. Black pointed to Tesla's favorable valuation, growth prospects, and potential benefits from falling interest rates. He predicts a significant increase in Tesla's EV market share and earnings per share by 2030, excluding potential revenues from full-self driving, robotaxi, or the Tesla Bot.

Portfolio Pulse from Shanthi Rexaline

December 15, 2023 | 5:26 am

BTCUSD

Bitcoin's price surged past $44,000, influenced by the Federal Reserve's decision to maintain interest rates and optimism for Bitcoin spot ETFs. Eli Taranto of EQITrade, parent company of EQI Bank, expressed confidence in Bitcoin's potential and the positive stance of politicians and institutions. He also discussed the benefits of CBDCs and the importance of public-private collaboration in finance. Taranto commented on Cathie Wood's prediction of Bitcoin reaching $1 million, suggesting a $500,000 target as possible due to the demand and access an ETF would provide.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 5:21 am

AMZN

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Gary Black, Future Fund Managing Partner, is optimistic about Rivian Automotive Inc's prospects, expecting it to deliver 54,000 vehicles in 2023, including 14,000 delivery vans. AT&T Inc announced a pilot program to purchase EVs from Rivian, marking Rivian's first deal since ending its exclusivity agreement with Amazon.com Inc. Black predicts Rivian will become gross margin positive by Q4 2024 and EBITDA positive by 2026. Rivian shares closed 14% higher at $22.43 following the announcement.

Portfolio Pulse from Anan Ashraf

December 15, 2023 | 5:05 am

SOL

Solana's blockchain-powered smartphone, Saga, has experienced a tenfold increase in sales, nearing a sell-out, driven by an airdrop of over 30 million BONK tokens for Saga owners. The BONK token's value has risen by 6900%, and Solana Mobile has reduced the Saga's price from $1,000 to $700 to encourage adoption. The sales surge and price reduction reflect the growing interest in web3 and meme coins in the cryptocurrency market, with SOL also seeing a 31% increase in value over the past month.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 4:54 am

COIN

Solana's meme token BONK has seen a 75% price surge after being added to Coinbase's roadmap, with its trading volume increasing by 140%. Dogecoin and Shiba Inu also experienced gains. Analysts are divided on BONK's future, with one predicting a 20x increase and another warning of a potential correction.

Portfolio Pulse from Mehab Qureshi

December 15, 2023 | 4:00 am

MSFT

OpenAI CEO Sam Altman debunked rumors of a GPT 4.5 leak with a simple 'nah' on X (formerly Twitter). Speculations arose from social media posts showing potential features and pricing of GPT 4.5. Despite the rumors, details about the release of GPT 4.5 and GPT 5 remain unclear. OpenAI, which is backed by Microsoft Corporation (NASDAQ:MSFT), has also filed for trademarks for GPT-6 and GPT-7, indicating a focus on future developments.

Portfolio Pulse from Ananya Gairola

December 15, 2023 | 3:29 am

TSLA

Morgan Stanley analyst Adam Jonas commented on Tesla's recall of over 2 million vehicles, stating it will not have a cost impact due to it being a software update. He also mentioned delays in the release of Tesla's Full Self-Driving (FSD) version 12 and the departure of key AI executives. Despite these issues, Jonas remains bullish on Tesla, maintaining an overweight rating with a $380 price target, citing the company's diverse value streams and strong financials. Tesla shares closed up 4.9% on Thursday.

Portfolio Pulse from Anan Ashraf

December 15, 2023 | 3:08 am

AAPL

Apple Inc. (NASDAQ:AAPL) is reportedly planning to incorporate OLED screens into its iPads and MacBooks, starting with iPads next year and an OLED MacBook by the second half of 2025. This move is expected to significantly impact the $150 billion display industry, benefiting OLED manufacturers like Samsung Display, LG Display, and BOE Technology Holding, while potentially threatening companies with limited OLED presence such as JDI, Sharp, AUO, and Innolux. Apple's shift to OLED could be a strategy to counteract declining sales in its Mac and iPad segments.

Portfolio Pulse from Benzinga Neuro

December 15, 2023 | 2:51 am

COST

LEN

MRNA

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TSLA

The stock market saw gains with Dow Jones, S&P 500, and Nasdaq up. Costco's Q1 results beat expectations despite a stock dip. Pfizer's stock fell but has strong growth prospects with Seagen acquisition. Moderna's stock surged on positive cancer vaccine trial results. Lennar's stock rose after strong quarterly earnings. Tesla's stock increased, benefiting from a partnership with Uber.

Portfolio Pulse from Benzinga Neuro

December 15, 2023 | 2:34 am

MRK

The FDA has approved Merck's WELIREG for treating advanced renal cell carcinoma in patients previously treated with a PD-1 or PD-L1 inhibitor and a VEGF-TKI. The approval is based on the LITESPARK-005 trial results, which showed WELIREG's superior progression-free survival and objective response rate compared to everolimus.

Portfolio Pulse from Charles Gross

December 15, 2023 | 12:34 am