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LCID

Lucid Group Inc (NASDAQ:LCID) has produced about 800 electric vehicles at its Saudi Arabian facility and trained over 200 local employees. The plant, which opened in September with a capacity of 5,000 EVs per year, is part of a deal to sell up to 100,000 vehicles to the Saudi government over ten years. The vehicles are assembled from semi-knockdown kits made in Arizona. Lucid, which is 60% owned by Saudi Arabia's PIF, aims to have a fully operational factory by 2026. The company reported Q3 revenue of $137.81 million with a loss of 28 cents per share and has adjusted its production target to 8,000-8,500 vehicles for the year.

Portfolio Pulse from Anan Ashraf

December 14, 2023 | 9:22 am

LEN

Lennar Corporation (NYSE:LEN) is expected to report Q4 earnings of $4.61 per share, slightly up from $4.55 per share a year ago, with revenues estimated at $10.22 billion versus $10.17 billion. The results are due after market close on Dec. 14, 2023. Lennar's stock closed down 0.4% at $139.96. Barclays, Wells Fargo, JP Morgan, Citigroup, and UBS analysts have recently updated their price targets and ratings for Lennar, with most maintaining positive outlooks and one neutral stance.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 8:51 am

IHF

Mark Cuban's Cost Plus Drugs now offers Ivermectin, a medication Elon Musk inquired about 6 months ago. Cuban responded to Musk's earlier question on Twitter, highlighting the potential savings for Musk's companies Tesla, SpaceX, and X. Cuban's company aims to reduce drug prices by cutting out middlemen. The price of Ivermectin on Cost Plus Drugs is significantly lower than the average cost listed on WebMDRx. The iShares U.S. Healthcare Providers ETF (IHF) closed up 1.32% recently.

Portfolio Pulse from Shanthi Rexaline

December 14, 2023 | 8:26 am

VLVLY

Volvo Cars (OTC:VLVLY) has announced the end of diesel car production by early 2024, shifting focus to electric vehicles (EVs). This decision follows a significant drop in share value after a large share sale by parent company Zhejiang Geely Holding Group. The company has stopped investing in new internal combustion engine development, reflecting a major strategic pivot towards electrification.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 7:58 am

NFLX

TTWO

Netflix Inc. (NASDAQ:NFLX) is expanding its gaming library by adding Sonic Mania Plus to its mobile offerings for iOS and Android in 2024. The addition of Sonic Mania Plus, along with other titles such as Game Dev Tycoon, FashionVerse, and Cozy Grove: Camp Spirit, will increase Netflix's game library to 86 titles. Netflix previously added three Grand Theft Auto titles from Take Two Interactive Software Inc.'s (NASDAQ:TTWO) Rockstar Games in November. Netflix also launched the Netflix Game Controller app and is beta testing gaming support on TVs and computers. The expansion of Netflix Games comes after a recent price hike for its Premium plan to $22.99 in the US.

Portfolio Pulse from Rounak Jain

December 14, 2023 | 7:53 am

DOGEUSD

PEPEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a 6% increase, outperforming Dogecoin (CRYPTO: DOGE) and Pepe Coin (CRYPTO: PEPE). Analyst AlanSantana predicts a pattern of bullish and bearish waves for SHIB, with a potential for sustained long-term growth despite expected corrections. Shibarium's recent activity and the burning of 8.2 billion SHIB tokens have contributed to discussions within the community. SHIB's price rose to $0.0000099, marking an 8% increase in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 14, 2023 | 7:29 am

SDRL

Seadrill Limited has completed its $250 million share buyback program and has announced an additional authorization to repurchase up to another $250 million of its common shares. The new buyback program has no set time limit and the company is not obligated to repurchase any specific number of shares.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 7:22 am

ACAD

Acadia Pharmaceuticals Inc. received a favorable Claim Construction Order from the U.S. District Court for the District of Delaware regarding its '721 formulation patent for NUPLAZID®, a drug for Parkinson's Disease Psychosis. The Court ruled in favor of Acadia on all disputed claim construction points, affirming the strength of the patent. Consequently, the scheduled Markman hearing has been cancelled, with the trial set for December 2024.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 7:20 am

NAAS

NaaS Technology (NASDAQ:NAAS), a U.S. listed EV charging service company in China, has been included in the Solactive Electric Vehicle Charging Infrastructure Index effective December 1st, 2023. This follows its recent inclusions in the WilderHill Clean Energy Index and NASDAQ Golden Dragon China Index.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 7:08 am

TSLA

UBER

Tesla Inc. (TSLA) has partnered with Uber Technologies Inc. (UBER) to offer Uber drivers discounts of up to $3,000 on Tesla electric vehicles. This deal is part of Uber's commitment to vehicle electrification and Tesla's goal to deliver a record number of vehicles by the end of 2023. The discounts are funded by both companies for vehicles delivered by December 2023, and Uber drivers must complete 100 trips by February to qualify. The partnership aligns with both companies' strategies to promote electric vehicles and sustainable transportation.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 6:43 am