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Chinese airlines have resumed operations of all Boeing Co (NYSE:BA) 737 MAX jets, ending a global grounding since 2019 due to two fatal crashes. Boeing China's CEO, Liu Qing, announced that around 100 737 MAX planes are back in service and new planes have been delivered to Chinese customers. The Civil Aviation Administration of China (CAAC) granted approval in December, allowing Boeing to restart 737 MAX deliveries in China after over four years. This marks a potential improvement in Boeing-China relations and is financially beneficial for Boeing as it can now reduce its inventory backlog.

Portfolio Pulse from Benzinga Neuro

December 29, 2023 | 7:38 am

BTCUSD

A cryptocurrency trader known as Credible Crypto predicts a significant drop in Bitcoin's value following a potential new all-time high. He warned his 361,800 followers on social media about the historical pattern of Bitcoin experiencing sharp downturns after parabolic rallies. His comments come as Bitcoin has seen a substantial increase in 2023, but remains below its all-time high from November 2021. The market's anticipation of a Bitcoin ETF approval has contributed to Bitcoin's price surge and market capitalization increase this year.

Portfolio Pulse from Benzinga Neuro

December 29, 2023 | 7:23 am

AAPL

BYDDY

HMC

TSLA

XIACY

Gene Munster of Deepwater Asset Management warns that Tesla, Inc. (TSLA) should be wary of competition from Chinese EV makers and Apple Inc. (AAPL). Despite Tesla's strong performance and investor optimism, Munster suggests that Chinese companies like Xiaomi Corporation (XIACY) and BYD Co. Ltd. (BYDDY, BYDDF) could pose a threat. He also believes traditional automakers are not a concern for Tesla. Munster predicts Tesla will maintain its U.S. market share through 2024, contrary to some expectations. Additionally, he speculates on the possibility of an Apple Car within the next five years.

Portfolio Pulse from Shanthi Rexaline

December 29, 2023 | 7:12 am

CMCSA

DIS

NFLX

PARA

WBD

Major entertainment companies Disney (DIS), Warner Bros Discovery (WBD), Comcast (CMCSA), and Paramount Global (PARA) face over $5 billion in losses from streaming services, leading to considerations of mergers and cost-cutting measures. Paramount is contemplating a sale to Skydance and a potential merger with Warner. Disney's CEO Bob Iger is considering strategic shifts, including asset disposals. Despite the industry's challenges, Netflix (NFLX) remains profitable, with a significant subscriber increase and earnings surpassing expectations.

Portfolio Pulse from Benzinga Neuro

December 29, 2023 | 6:33 am

Ford Motor Co (NYSE:F) has sold over 700,000 F-series trucks in the U.S. in 2023, marking the first year-on-year growth since 2018 and maintaining its status as the best-selling truck for the 47th consecutive year. Despite a historic labor union strike and reduced demand for electric vehicles, the F-150 Lightning is the best-selling full-size electric truck, and the F-150 Hybrid is the best-selling full-size full-hybrid pickup in the U.S. Ford is developing a second-generation full-size electric pickup for production in 2025.

Portfolio Pulse from Anan Ashraf

December 29, 2023 | 6:24 am

AAPL

NVDA

Huawei Technologies Co. saw a 9% increase in revenue in 2023, nearing $100 billion, driven by its smartphone sector and 5G equipment sales. A significant development was the launch of a smartphone with a 7-nanometer Kirin processor, challenging Apple Inc. and U.S. sanctions. Huawei's Mate 60 Pro is taking market share from Apple's iPhone 15. Nvidia Corp acknowledged Huawei as a competitor in the AI chip market, with Baidu Inc. switching from Nvidia to Huawei's AI chips due to U.S. tech export restrictions.

Portfolio Pulse from Benzinga Neuro

December 29, 2023 | 5:09 am

AMC

GME

TLT

Equity strategist Richard Kneller from Stifel observes that the bond market is influencing the equities market, behaving erratically like meme stocks. This has led to a rally in the S&P 500 and Nasdaq due to a significant drop in yields over the past two months. The bond market's fluctuations are in response to anticipated Federal Reserve policies and new inflation data. Speculation about the Fed's rate cuts varies, with some expecting up to six cuts. Vance Howard of Howard Capital Management predicts long-term bonds could outperform the S&P 500 in 2024, having invested in the iShares 20+ Year Treasury Bond ETF. Bank of America projects the S&P 500 to reach 5,000 points by the end of 2024.

Portfolio Pulse from Benzinga Neuro

December 29, 2023 | 1:54 am

AVTX

Trading on AVTX has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material news.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 12:50 am

Trading on the stock VS has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and ensure fair information dissemination.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 12:50 am

VSSYW

Trading for VSSYW has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material information.

Portfolio Pulse from Benzinga Newsdesk

December 29, 2023 | 12:50 am