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BILI

Bilibili reported Q3 adjusted EPS of $(0.29), an improvement from $(0.63) YoY. However, sales decreased to $795.70M from $814.50M YoY, indicating a 2.31% decline.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 10:02 am

TSLA

Hota Industrial Mfg. Co, a Taiwanese supplier for Tesla Inc. (NASDAQ:TSLA), is establishing its first U.S. factory in New Mexico to reduce shipping costs and mitigate cross-strait tensions. The $99 million investment aims to enhance supply chain security and proximity to North American customers, which make up 70% of Hota's sales. The New Mexico government is supporting the project with $3 million and potential tax credits. Hota expects to benefit from the U.S. Inflation Reduction Act, with production starting in 2025.

Portfolio Pulse from Benzinga Neuro

November 29, 2023 | 9:57 am

USO

Crude oil prices are trading higher following a Reuters report that an OPEC+ meeting is expected to occur as scheduled on Thursday, according to sources.

Portfolio Pulse from Charles Gross

November 29, 2023 | 9:56 am

CRWD

Keybanc analyst Eric Heath has maintained an Overweight rating on CrowdStrike Holdings (NASDAQ:CRWD) and increased the price target from $240 to $245.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:47 am

WDAY

Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on Workday (NASDAQ:WDAY) and increased the price target from $275 to $300, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:44 am

BABA

PDD

Jack Ma, co-founder of Alibaba Group Holding Ltd. (NYSE:BABA), has called for strategic changes within the company in an internal memo, while praising the strategic moves of rival PDD Holdings Inc (NASDAQ:PDD). Ma, who stepped back from Alibaba in 2020, has re-engaged with the company's direction amidst its challenges, including a slower economic recovery, rising competition, and internal organizational changes. Alibaba's shares in Hong Kong responded to Ma's comments with reduced losses, following PDD's announcement of strong Q3 FY23 revenue growth and earnings that exceeded expectations. Analysts have expressed concerns over Alibaba's performance, with Morgan Stanley removing the stock as a top pick after its Q2 results.

Portfolio Pulse from Benzinga Neuro

November 29, 2023 | 9:21 am

TM

Toyota Motor Corp (NYSE:TM) reported record sales and production for October, driven by strong demand for hybrids in North America and Europe. Global sales rose 5.6% year-on-year to 970,313 vehicles, including 327,051 electrified vehicles. U.S. sales outpaced Japan, with 195,799 vehicles sold. Production increased by 12% year-on-year to 1.04 million units, with year-to-date sales up 6.4% and production up 8.6%.

Portfolio Pulse from Anan Ashraf

November 29, 2023 | 9:02 am

ALVO

Alvotech (NASDAQ:ALVO) announced positive top-line results from a pharmacokinetic study for AVT05, a proposed biosimilar to Simponi and Simponi Aria (golimumab). The study met its primary endpoints, assessing pharmacokinetics, safety, and tolerability compared to Simponi in healthy adults.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:01 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad', recommends buying a Bitcoin ETF, citing a potential economic depression and the likelihood of the Treasury and Fed printing more money. He suggests investing in gold, silver, and Bitcoin, with a particular emphasis on the affordability of silver and the opportunity to invest in a Bitcoin ETF. Financial analysts note that several asset management companies, including BlackRock, WisdomTree, and Valkyrie, await SEC approval for a spot Bitcoin ETF.

Portfolio Pulse from Mehab Qureshi

November 29, 2023 | 8:55 am

TSLA

Marie Nilsson, the head of IF Metall union in Sweden, warns that Tesla Inc's (NASDAQ:TSLA) non-compliance with the Swedish collective agreement model could disrupt traditional labor practices. Despite the ongoing strike involving various workers, Nilsson assures that the union has sufficient funds to continue protesting for an extended period. Tesla maintains that over 90% of its workforce is still in place and claims its employment terms are competitive. The strike, which began in late October, has seen participation from multiple unions and has been criticized by Tesla CEO Elon Musk.

Portfolio Pulse from Anan Ashraf

November 29, 2023 | 8:48 am