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RUN

Sunrun Inc (NASDAQ:RUN) stock surged 20.39% to $18.01 amid broader industrial sector gains following the Federal Reserve's decision to leave rates unchanged. The Fed's stance suggests rate cuts in 2024-2026, which benefits Sunrun as it relies on external financing for solar installations. Lower interest rates reduce financing costs and can improve profitability. Additionally, clean energy stocks like Sunrun may be positively influenced by commitments to move away from fossil fuels made at the COP28 climate summit.

Portfolio Pulse from Henry Khederian

December 14, 2023 | 7:52 pm

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BlackRock Inc (NYSE:BLK) predicts no rate cuts until the second half of 2024, suggesting frequent portfolio adjustments may be necessary due to various factors including geopolitical risks, election cycles, the U.S. fiscal situation, and central bank policies. Gargi Pal Chaudhuri, head of iShares Investment Strategy Americas at BlackRock, advises against staying in cash and recommends deploying cash selectively in fixed income and equities, with a focus on downside protection. ETFs are recommended for their efficiency in adjusting to market changes. Popular U.S. equity and intermediate-term bond ETFs are mentioned as investment vehicles.

Portfolio Pulse from Surbhi Jain

December 14, 2023 | 7:49 pm

CHPT

ChargePoint Holdings Inc (NASDAQ:CHPT) stock rose by 19.6% to $2.87 following the Federal Reserve's decision to leave interest rates unchanged, with projections of rate cuts in 2024-2026. The unchanged rates suggest lower borrowing costs, which could enable ChargePoint to raise capital more cheaply for expansion and technology development. The positive sentiment is also supported by the outcomes of the COP28 climate summit, which emphasized a shift from fossil fuels, benefiting clean energy companies like ChargePoint.

Portfolio Pulse from Henry Khederian

December 14, 2023 | 7:43 pm

NIO

NIO Inc (NYSE:NIO) shares are trading higher, influenced by the Federal Reserve's indication of potential rate cuts next year, which has generally boosted stock markets. Lower yields make stocks more attractive and borrowing cheaper, potentially improving company earnings and economic growth. Additionally, Nio has added a new partner to its battery swap business, announced by CEO William Li at a media event in Shanghai. The partner's name is not disclosed, but an official announcement is expected soon. Nio aims to have 2,300 power swap stations by year-end and currently has 2,239 in China.

Portfolio Pulse from Adam Eckert

December 14, 2023 | 7:33 pm

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U.S. stocks traded higher, with the Dow up 0.44%, NASDAQ up 0.42%, and S&P 500 up 0.54%. Energy shares rose by 2.5% while consumer staples fell by 0.7%. Adobe Inc. (ADBE) shares fell 5% after a weak sales forecast for FY24 despite beating Q4 earnings estimates. Freight Technologies (FRGT) surged 274% after Amazon Mexico renewed its logistics contract. Moderna (MRNA) rose 12% on positive melanoma study data with Merck. VCI Global (VCIG) gained 20% after its fintech arm agreed to acquire EVOLET. Amtech Systems (ASYS) fell 31% on poor Q4 sales and weak Q1 guidance. Reneo Pharmaceuticals (RPHM) dropped 85% after its study failed to meet primary efficacy endpoints. Cepton (CPTN) declined 26% on disappointing Q3 sales and a weak FY23 forecast. Oil prices increased by 3.6% to $72.00, and gold rose 2.9% to $2,055.10.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 7:23 pm

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U.S. stocks were mixed with the Nasdaq turning lower, while the Dow and S&P 500 showed minimal changes. Real estate shares rose by 3%, but consumer staples fell by 0.5%. U.S. retail sales unexpectedly increased by 0.3% in November, beating analyst expectations of a 0.1% decline. Freight Technologies, Moderna, and VCI Global saw their shares surge after positive company-specific news. Conversely, Amtech Systems, Reneo Pharmaceuticals, and Cepton experienced significant drops following disappointing financial results and study outcomes. Oil and gold prices increased, while the ECB and Bank of England maintained their interest rates.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 7:23 pm

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AMD has launched its MI300 chip, targeting the AI accelerator market and focusing on the Indian market. The company has gained market share in PCs and servers and is now competing with Nvidia and Intel in the AI space. Intel announced its Gaudi 3 AI accelerator, aiming to capture the growing AI applications market. AMD received bullish ratings and a price target boost from analysts in December 2023. Partnerships with Microsoft and Meta, with Meta planning to use AMD's MI300X for inferencing, have strengthened analyst confidence in AMD. AMD's stock rose over 6% in the past five days, while Intel's stock increased around 9%. AMD's shares were down 0.91% at $136.93 in the last check on Thursday.

Portfolio Pulse from Anusuya Lahiri

December 14, 2023 | 7:15 pm

VEON

Veon Ltd's subsidiary Kyivstar has restored voice services across Ukraine and has begun reactivating mobile data services. Kyivstar reports that over 90% of its mobile base stations are now operational in the territory controlled by Ukraine.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 7:05 pm

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Ledger, a crypto hardware wallet provider, experienced a hacking incident resulting in the theft of approximately $484,000 in assets due to a phishing attack on a former employee's NPMJS account. The attack involved publishing malicious versions of the Ledger Connect Kit, which diverted funds to a hacker-controlled wallet. Ledger's team responded quickly, deploying a fix within 40 minutes and coordinating with WalletConnect to disable the rogue project. Tether (USDT) froze the bad actor's assets, and Ledger advised customers to use the Clear Sign feature and wait 24 hours before using the Ledger Connect Kit again.

Portfolio Pulse from Murtuza Merchant

December 14, 2023 | 7:00 pm

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US stocks are on track for a 7-day winning streak, with the S&P 500 and Nasdaq 100 nearing all-time highs, and the Dow setting new records. The Russell 2000 has surged following the Fed's meeting. Treasury yields have fallen, with the 10-year yield at 3.9%, positively impacting the iShares 20+ Year Treasury Bond ETF (TLT). Mortgage rates have dropped below 7%, boosting real estate stocks. The dollar weakened against the euro, while gold (GLD) and crude oil (USO) prices rose. Bitcoin also gained. Solar stocks, including SolarEdge (SEDG), Enphase Energy (ENPH), and First Solar (FSLR), rallied after the Fed's pivot. Moderna (MRNA) surged on positive trial results, Align Technology (ALGN) soared after Health Canada's update, and Lucid Group (LCID) rallied on EV production news. Apellis Pharmaceuticals (APLS) fell after downgrades, and TPI Composites (TPIC) surged on an agreement with Oaktree Capital Management.

Portfolio Pulse from Piero Cingari

December 14, 2023 | 6:58 pm