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RIVN

Rivian CEO RJ Scaringe is expanding his role to directly oversee all product functions, including software and design. This change comes as Rivian develops its R2 platform, expected to start production in 2026 with unveilings in early 2024. The R2 aims to fill a market gap in the $45,000 to $50,000 range for midsize SUVs, a segment where Tesla currently has a significant market share. Rivian also plans to deliver electric delivery vans to customers beyond Amazon starting in 2024.

Portfolio Pulse from Anan Ashraf

November 21, 2023 | 5:32 am

TSLA

Tesla CEO Elon Musk responded with a clown emoji to Jefferies analyst Philippe Houchois' recommendation to shelve the Cybertruck, calling it an 'off-mission product'. Houchois sees 2024 as a 'lost year' for Tesla's growth and suggests canceling the Cybertruck could help Tesla refocus. Despite this, Houchois maintains a Neutral rating on Tesla stock but lowered the price target from $250 to $210. Tesla is set to launch the Cybertruck on November 30, with reports indicating only a few units may be delivered at the event. Tesla's stock closed up 0.55% at $235.60.

Portfolio Pulse from Shanthi Rexaline

November 21, 2023 | 5:27 am

BTCUSD

DOGEUSD

Javier Milei, Argentina's next President, is gaining attention for his unconventional telepathic communications with his deceased dog, Conan, who he claims advised him on his political strategy. Milei's pro-Bitcoin stance has garnered support from prominent crypto figures like Balaji Srinivasan, Michael Saylor, Samson Mow, and Ryan Selkis, who are optimistic about potential Bitcoin-friendly reforms in Argentina. Elon Musk and Dogecoin co-founder Billy Markus also expressed positive sentiments about Argentina's future under Milei's leadership.

Portfolio Pulse from Mehab Qureshi

November 21, 2023 | 4:23 am

TSLA

Tesla Inc (NASDAQ:TSLA) has increased the price of its Model Y Long Range in China by 2000 yuan, marking the second price hike in less than two weeks. The new price is 304,400 yuan, although it remains cheaper than its price in October 2022. Other Tesla models and variants have not changed in price.

Portfolio Pulse from Anan Ashraf

November 21, 2023 | 3:24 am

AI

NVDA

PLTR

TSLA

ZM

On Monday, U.S. stocks were up, with Nvidia, Zoom, C3.ai, Palantir, and Tesla being the focus of investors. Nvidia closed up 2.28% due to collaborations and investments. Zoom rose 2.93% after a positive earnings report. C3.ai fell 4.33% ahead of its financial results. Palantir increased 4.15%, hitting a new 52-week high. Tesla saw a modest 0.55% rise with Cybertruck news.

Portfolio Pulse from Benzinga Neuro

November 21, 2023 | 2:08 am

ARKK

Cannabis ETFs in Europe are shutting down, with Rize Medical Cannabis and Life Sciences UCITS ETF (FLWR) set to close on Dec. 12th after being acquired by Cathie Wood's ARK Innovation ETF (ARKK) in September. The closure is deemed in the best interest of investors. Another ETF, Medical Cannabis and Wellness UCITS ETF (CBDZ), is merging into HAN-GINS Indxx Healthcare Megatrend Equal-Weight UCITS ETF (WELL). In the Czech Republic, a draft bill proposes strict rules on CBD and kratom products. In the UK, MPs are urged to improve access to medical marijuana through the NHS. Ireland is progressing a bill to legalize weed for personal use, and Germany has postponed the final reading of its cannabis legalization bill.

Portfolio Pulse from Nina Zdinjak

November 20, 2023 | 11:49 pm

SBIG

SpringBig Holdings Inc (OTCQX:SBIG) has launched 'Gift Cards by Springbig,' a new payment solution for cannabis retailers. The service includes both physical and digital gift cards, aligning with consumer trends that show a preference for such payment methods. With 76% of consumers purchasing gift cards last year and 61% spending more than the card's value, this innovation could lead to increased revenue for merchants. CEO Jeffrey Harris compares the ease of use to the Starbucks app, suggesting a focus on smartphone convenience. Springbig, known for its loyalty and marketing solutions, could see a boost in sales and customer engagement from this launch.

Portfolio Pulse from Patricio Liddle

November 20, 2023 | 11:13 pm

MSFT

In a CNBC interview, Microsoft CEO Satya Nadella expressed the company's intention to continue its partnership with OpenAI. This ongoing collaboration aligns with Microsoft's strategy to integrate AI into their products and services, potentially enhancing their offerings and maintaining a competitive edge in the technology sector.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 11:04 pm

AMZN

NTDOY

Amazon.com, Inc. (NASDAQ:AMZN) is offering a 10% discount on Nintendo Switch Online memberships for Black Friday. The deal reduces the price of 1-year Individual and Family memberships. Nintendo ADR (OTC:NTDOY) rarely discounts its memberships, making this a significant offer. The subscription provides access to online features, classic games, eShop deals, cloud saving, and the NSO mobile app. An alternative buying strategy involves purchasing discounted eShop gift cards to use later for memberships or games.

Portfolio Pulse from Franca Quarneti

November 20, 2023 | 10:14 pm

SONY

Sony Group Corp.'s PlayStation Plus Premium service has added two new game trials for subscribers. 'Baldur’s Gate 3', a highly regarded Dungeons & Dragons RPG, offers a two-hour trial exclusively on PlayStation 5. Additionally, 'The Lord of the Rings: Gollum' provides a one-hour trial, giving a taste of the game's main quest. These trials allow limited progress and are designed to showcase the games' mechanics and design.

Portfolio Pulse from Franca Quarneti

November 20, 2023 | 9:58 pm