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U.S. stocks closed higher on Monday, with the Dow Jones gaining over 200 points. Investor sentiment improved as the CNN Money Fear and Greed index remained in the 'Greed' zone. Microsoft shares rose over 2% after announcing new AI research team leaders. Investors are looking forward to FOMC minutes and earnings from Best Buy, HP, Baidu, and NVIDIA. The S&P 500 and Nasdaq also saw gains, while U.S. markets will be closed for Thanksgiving on Thursday.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 10:15 am

STLA

Stellantis NV (NYSE:STLA) has signed a Memorandum of Understanding with CATL to supply LFP battery cells and modules for electric vehicle production in Europe. The collaboration aims to support Stellantis' battery electric vehicles, enhance the battery value chain, and may lead to a joint venture. LFP technology will enable Stellantis to produce high-quality, affordable electric vehicles, aligning with their carbon net zero goal by 2038. Stellantis also plans to discuss a comprehensive automotive industry agreement with the Italian government.

Portfolio Pulse from Lekha Gupta

November 21, 2023 | 10:09 am

AMKR

NVDA

TSM

Nvidia Corp. (NASDAQ:NVDA) is set to report its Q3 earnings with high expectations after a strong previous quarter. Wall Street anticipates EPS of $3.36 and revenue of $16.12 billion, marking significant year-over-year and sequential growth. The Data Center segment is expected to continue its strong performance, while the Gaming segment shows recovery. Analysts remain optimistic despite potential risks such as China export controls, with a consensus price target of $644.07, indicating a 28% upside. Nvidia's stock has recently surpassed the $500 mark and is the best-performing S&P 500 stock of the year.

Portfolio Pulse from Shanthi Rexaline

November 21, 2023 | 10:04 am

NIO

China's electric vehicle maker Nio is partnering with Changan Automobile to develop battery-swapping electric vehicles (EVs). This collaboration aims to ease costs for the EV maker. The partnership will leverage Changan Auto's manufacturing capabilities and Nio's technology in battery swapping to create a new line of EVs designed for efficient battery exchange, potentially enhancing Nio's competitive edge in the EV market.

Portfolio Pulse from Charles Gross

November 21, 2023 | 9:57 am

BK

Lunate and BNY Mellon (NYSE:BK) have partnered to create Alpheya, a new company that will provide a wealth management technology platform for the MENA region. Alpheya, based in Abu Dhabi Global Market, is backed by a $300 million capital commitment and will begin serving clients in 2024. BNY Mellon holds a minority stake in Alpheya.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:12 am

F

MMTOF

STLA

TSLA

VWAGY

Tesla Inc (NASDAQ:TSLA) saw the largest increase in new vehicle registrations in the EU in October, with a 148% jump from the previous year. Other automakers also experienced growth, but Ford Motor Co (NYSE:F) and Mitsubishi Motors Corp (OTCPK: MMTOF) saw declines. Volkswagen AG (OTCPK: VWAGY) remains the top brand, followed by Stellantis NV (NYSE:STLA). The EU car market is growing, with a rise in EV registrations, although gas remains the most popular fuel.

Portfolio Pulse from Anan Ashraf

November 21, 2023 | 8:48 am

INFY

Infosys (NYSE:INFY), a global digital services and consulting firm, has announced a collaboration with Proximus, Belgium's top digital services provider, to modernize and consolidate IT components of a Proximus affiliate. This project will enable the affiliate to expand its fiber and digital services offerings to a broader customer base.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 8:28 am

TDY

Teledyne e2v, part of Teledyne Technologies (NYSE:TDY), has launched Emerald™ Gen2, a new family of high-performance global shutter CMOS image sensors. These sensors are designed for machine vision, outdoor surveillance, and traffic detection and monitoring applications, leveraging advanced imaging technologies to deliver improved performance.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 8:03 am

NCNO

Alba Bank has adopted the nCino Cloud Banking Platform to support lending to small- and medium-sized businesses (SMEs) in the UK. nCino, Inc. (NASDAQ:NCNO) is recognized as a pioneer in cloud banking for the global financial services industry.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:57 am

META

WhatsApp, owned by Meta Platforms Inc. (NASDAQ:META), has introduced an email verification feature as an alternative to SMS verification. This feature is available in the latest iPhone update and provides a way for users to access their accounts without cellular coverage. It is part of WhatsApp's efforts to offer alternative access methods and follows other recent updates such as a new macOS app and support for multiple accounts and passkeys on a single device.

Portfolio Pulse from Rounak Jain

November 21, 2023 | 7:22 am