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BIGC

BigCommerce (NASDAQ:BIGC) reported a 14% increase in GMV on Thanksgiving and a 6% increase on Black Friday compared to last year, outpacing the broader industry. Total orders and AOV also saw increases. The company attributes this to its platform's capabilities and conversion rates. The NRF expects U.S. holiday sales to grow 3-4% over 2022. BigCommerce's Q3 data shows a high sitewide conversion rate, with enterprise stores using its hosted Stencil platform, checkout, PayPal Wallet, and ApplePay performing well above the internet average.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 4:46 am

MRUS

Merus N.V. (NASDAQ:MRUS), a clinical-stage oncology company, announced the publication of two abstracts on MCLA-129 for presentation at ESMO Asia Congress 2023. The abstracts include interim clinical data from studies on non-small cell lung cancer (NSCLC) and head and neck squamous cell carcinoma (HNSCC). MCLA-129 showed promising results in NSCLC when combined with osimertinib, and modest results as monotherapy in HNSCC. Merus plans to explore further development and potential partnerships for MCLA-129. An abstract on zenocutuzumab for NRG1+ NSCLC will also be presented. An investor call is scheduled for November 27, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 4:44 am

AAPL

GOOG

GOOGL

Elon Musk explained that NSFW accounts on his social media platform, X, cannot get paid on mobile due to restrictions from Apple Inc. (AAPL) and Alphabet Inc.'s Android (GOOG, GOOGL). This payment is only possible via the web. The platform allows NSFW content but requires it to be marked as 'sensitive'. The community is divided on the presence of such content on X.

Portfolio Pulse from Ananya Gairola

November 27, 2023 | 4:33 am

BTC-USD

ETH-USD

Mark Cuban expressed interest in a crypto real estate project that uses blockchain for urban development. The project involves smart contracts and NFTs to manage construction permits and funding through USDC stablecoin. Cuban's interest highlights his belief in practical crypto applications. Despite a past cryptocurrency scam costing him $870,000, Cuban remains a vocal advocate for the technology. Bitcoin and Ethereum saw slight declines in their prices.

Portfolio Pulse from Mehab Qureshi

November 27, 2023 | 4:05 am

AAPL

DIS

Disney's 'Wish' underperformed at the Thanksgiving box office, earning $31.7 million over five days, while Apple's 'Napoleon' exceeded expectations with $32.5 million in the same period. Disney's recent releases have been disappointing, as acknowledged by CEO Bob Iger, and 'Wish' continues this trend. 'Napoleon's' success contributes to a positive outlook for Apple's film financing endeavors.

Portfolio Pulse from Benzinga Neuro

November 27, 2023 | 3:16 am

TSLA

Tesla, Inc.'s (NASDAQ:TSLA) Cybertruck is generating significant buzz ahead of its launch on Nov. 30, with fans queuing up at showrooms to see the vehicle. Elon Musk reacted positively to the enthusiasm. Analysts are divided on the impact of the Cybertruck, with some seeing a 'halo effect' on Tesla's lineup and others concerned about capacity and advising against the launch due to a growth slowdown. Over 2 million reservations have been made, but final order numbers are uncertain. TSLA stock closed up 0.53% on Friday.

Portfolio Pulse from Shanthi Rexaline

November 26, 2023 | 2:11 pm

TSLA

Elon Musk's concept of a Tesla Supercharger station combined with a diner and drive-in theater is taking shape in Los Angeles. The project, first teased in 2018, includes 28 Supercharger stalls and dual movie screens, offering entertainment and dining while customers charge their Teslas. The design aims to enhance the EV charging experience and may contribute to increased EV adoption. Tesla's Supercharger network is the largest in North America and is opening some chargers to non-Tesla EVs.

Portfolio Pulse from Bibhu Pattnaik

November 26, 2023 | 1:59 pm

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), claims the upcoming Cybertruck will be bulletproof, featuring ultra-hard 30X cold-rolled stainless-steel body panels and 'armor glass' windows. However, the bulletproof effectiveness of these materials is unproven, with the armor glass failing in initial demonstrations. Tesla has patented a unique glass composition and offers an optional 'beast mode' for bulletproof windows. Despite Musk's demonstrations of the truck's resilience, experts are skeptical about its ability to withstand higher caliber bullets. Tesla aims to start Cybertruck deliveries by November 30 but faces production challenges due to the truck's unique design.

Portfolio Pulse from Nabaparna Bhattacharya

November 25, 2023 | 8:20 pm

AAPL

XIACF

Global smartphone sales increased by 5% year-on-year in October, ending a 27-month decline, largely due to the release of Apple Inc.'s iPhone 15 and Huawei's Mate 60 Pro. Emerging markets contributed to the growth, while developed markets saw slower recovery. Samsung leads the market share, followed by Apple and Chinese brands Xiaomi, Oppo, and Vivo. The positive sales trend suggests a potential recovery in the smartphone market.

Portfolio Pulse from Nabaparna Bhattacharya

November 25, 2023 | 6:08 pm

TM

TSLA

Tesla Inc. (TSLA) and Toyota Motor Corporation (TM) are competing in the automotive market, with Tesla focusing on electric vehicles (EVs) and Toyota on hybrids. Tesla aims to overtake Toyota by 2030, but faces slowing EV sales growth in the U.S. while hybrids gain popularity. Toyota's hybrid sales have increased by 20% this year, and the company plans to make the next-generation Camry exclusively hybrid. TSLA shares closed up 0.53% at $235.45, rising to $235.70 after hours. TM shares closed up 2.21% at $188.30 after hours.

Portfolio Pulse from Nabaparna Bhattacharya

November 25, 2023 | 4:27 pm