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Revenues

BYDDY

TSLA

BYD Co., supported by Warren Buffett's Berkshire Hathaway, is set to surpass Tesla as the world's top EV seller this quarter. BYD's Q3 sales were close to Tesla's, and with its October and November sales, it's likely to exceed Tesla's projected Q4 sales. This shift highlights China's growing influence in the EV market and introduces a new competitive dynamic between Tesla and BYD. BYD is expanding globally, including a new base in Hungary, while Tesla is planning a major Model Y overhaul from its Shanghai plant.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 6:01 am

BYDDF

TSLA

XPEV

Tesla Inc (NASDAQ:TSLA) is planning a major overhaul of its Model Y, with production starting in mid-2024 at its Shanghai plant, to compete with rising rivals like BYD (OTC:BYDDF) (OTC:BYDDY) and Xpeng Inc. (NYSE:XPEV). The updated Model Y will feature significant changes and is crucial for Tesla's sales in China, where the Model Y accounts for 75% of its total sales. BYD, backed by Warren Buffett, may surpass Tesla in global electric car sales this quarter.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 2:46 am

PROC

Procaps Group (PROC) exceeded Q3 earnings and sales estimates with EPS at $0.08, beating the $0.05 forecast, and sales reaching $118.41M, surpassing the $110.40M estimate. However, this EPS represents a 63.64% decrease from the same quarter last year, while sales saw a 7.25% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 10:31 pm

CHCI

Comstock Holding Companies, Inc. (CHCI) has acquired an 18,150 square foot land parcel in Rockville, MD for $1.5 million through a subsidiary. The site, known as Comstock 41, is next to the Rockville Metro Station and has entitlements for housing and retail space. This acquisition complements Comstock's existing transit-oriented developments in the area and is expected to contribute to revenue and earnings growth.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 10:15 pm

SOLUSD

An anonymous crypto trader used 30 Solana (SOL) tokens to buy 16 billion Analos memecoin and sold 14.5 billion for 3.45 million USDC, retaining 1.56 billion SOL worth $2.34 million. Solana's price is down 12.6% in 24 hours but up 88.6% in a month. Solana's active addresses and developer interest are increasing, with a crypto influencer predicting a pivotal week for Solana's ecosystem.

Portfolio Pulse from Khyathi Dalal

December 26, 2023 | 9:16 pm

JNJ

LIAN

LianBio Development is set to receive a $25M payment according to the Asset Purchase Agreement (APA). Additionally, they are eligible for a $5M sales milestone payment if net sales of licensed products in China exceed $20M within the first calendar year, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:16 pm

AAPL

AMD

INTC

NVDA

QCOM

A KPMG LLP and Global Semiconductor Alliance survey indicates that the automotive sector, particularly electric vehicles (EVs), is the top revenue driver for the semiconductor industry, with artificial intelligence (AI) ranking second. Microprocessors, including GPUs for AI, are seen as the top product opportunity for growth. Nvidia (NVDA) leads the AI chip market, followed by Qualcomm (QCOM) and AMD (AMD). Intel (INTC) has launched new products for servers and mobile AI PCs, joining AMD, Qualcomm, and Apple (AAPL) in the AI PC chip space. The survey also highlights the top functions for Gen AI implementation as R&D, marketing, and manufacturing.

Portfolio Pulse from Surbhi Jain

December 26, 2023 | 7:41 pm

FPI

Raymond James analyst Buck Horne has reiterated an Outperform rating on Farmland Partners Inc (FPI) and increased the price target from $14 to $15. Despite a 10% year-over-year drop in agricultural commodity prices, U.S. farmers are experiencing strong profitability, with 2023 expected to be the third-highest year for farm income in a decade. FPI has repurchased over 11% of its shares year-to-date at $11/share and announced a special dividend of $0.21/share. The company has also completed property dispositions worth $71.1 million this quarter, with a year-to-date total of $122 million. FPI is executing a $190 million capital recycling program to leverage the difference between public valuation and private market value. Lease renewals in 2023 have seen an 18% increase year-to-date. With $163.1 million in available liquidity, FPI is well-positioned to maintain its dividend. The analyst estimates FPI's Net Asset Value/share at $16, indicating a 20% discount on the current share price, with the target price reflecting a 10% discount to NAV. FPI shares are up 1.65% at $12.97.

Portfolio Pulse from Shivani Kumaresan

December 26, 2023 | 6:51 pm

AAPL

AMZN

META

MSFT

SONY

App Store data indicates Meta Platforms Inc's Meta Quest app topped the 'Top Free Apps' on Christmas, suggesting high activations of Quest 3 headsets. Apple Inc is expected to launch Vision Pro in early 2024 with an estimated shipment of 500,000 units. Microsoft Corp's Xbox app and Sony Group Corp's PlayStation app also ranked high, indicating strong gaming interest. Amazon.com Inc's Alexa app ranked second, aligning with Amazon's report of record-breaking holiday sales. Meta and Amazon stocks saw slight increases.

Portfolio Pulse from Adam Eckert

December 26, 2023 | 5:29 pm

ARM

Analysts have provided mixed ratings for ARM Holdings (NASDAQ:ARM) with a shift towards a more bearish sentiment over the past three months. The average 12-month price target has been decreased by 7.93% to $66.75. ARM Holdings has shown strong revenue growth of 27.94% as of September 30, 2023, but struggles with profitability and efficiency, as indicated by below industry benchmarks for net margin, ROE, and ROA. The company has a low debt-to-equity ratio, suggesting a healthy balance between debt and equity.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 5:00 pm