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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

NFLX

'Cocomelon,' a children's series on Netflix Inc. (NASDAQ:NFLX), has achieved over 600 million hours of watch time, surpassing 'Stranger Things.' Initially a YouTube video, 'Cocomelon' has become a six-season series on Netflix, ranking as the fourth most-watched show on the platform. Owned by Moonbug and acquired by a Blackstone-backed firm, 'Cocomelon' also maintains a strong presence on YouTube. The show's success highlights the significance of children's content in streaming, with Netflix reporting nearly 100 billion hours of total content watch time in the first half of 2023 and ending the third quarter with 247.15 million global paid subscribers.

Portfolio Pulse from Ananya Gairola

December 14, 2023 | 6:40 am

ADBE

COST

JBL

LEN

MWA

U.S. stock futures are trading higher, with investor focus on earnings reports from Jabil Inc. (JBL), Adobe Inc. (ADBE), Costco Wholesale Corporation (COST), Mueller Water Products, Inc. (MWA), and Lennar Corporation (LEN). Jabil is expected to report strong earnings, while Adobe issued a weak sales forecast for 2024. Costco's earnings are anticipated post-market close, Mueller Water Products reported better-than-expected results, and Lennar is also expected to report earnings after market close.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 6:37 am

ADBE

COST

JBL

LEN

U.S. stocks surged after the Federal Reserve maintained interest rates and projected a gradual reduction by the end of 2024. The Dow Jones jumped over 500 points, and the S&P 500 and Nasdaq also closed higher. Adobe Inc. reported strong Q4 earnings but a weak full-year sales forecast for 2024. Investors are looking forward to earnings from Lennar Corporation, Costco Wholesale Corporation, and Jabil Inc. The CNN Money Fear and Greed index indicated increased market greed.

Portfolio Pulse from Avi Kapoor

December 14, 2023 | 6:37 am

GOOG

GOOGL

Google CEO Sundar Pichai acknowledged the negative impact of last year's layoffs on employee morale and admitted that the process was not handled optimally. The layoffs were part of a broader trend in the tech sector, with Alphabet Inc. announcing 12,000 job cuts in early 2023. Pichai emphasized that inaction would have led to worse outcomes, allowing Google to invest in new areas despite the criticism.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 6:32 am

ADBE

Adobe Inc. (NASDAQ:ADBE) shares fell 5% in after-hours trading following the release of its fiscal year 2024 guidance, which was perceived as weak. Despite this, Piper Sandler analyst Brent Bracelin maintained an Overweight rating on the stock with a $650 price target, citing strong Q4 results, consistent currency-neutral growth, and potential benefits from recent price increases and generative AI innovations. Adobe's stock had previously outperformed the S&P 500 with an 86% year-to-date climb compared to the index's 23% gain.

Portfolio Pulse from Shanthi Rexaline

December 14, 2023 | 6:31 am

BTC-USD

COIN

DOGE-USD

SHIB-USD

SOL-USD

Solana's meme coin BONK surged 42% in 24 hours, approaching its all-time high. Coinbase's announcement of BONK's inclusion in their listing roadmap contributed to the rise. The market's positive reaction to the Federal Reserve's interest rate decision and a broader crypto market recovery, with Bitcoin gaining over 5%, provided a favorable environment for cryptocurrencies, including meme tokens like BONK, DOGE, and SHIB.

Portfolio Pulse from Mehab Qureshi

December 14, 2023 | 5:52 am

EWU

The U.K. RICS House Price Balance for November came in at -43%, which is better than the estimated -57% and an improvement from the prior revised figure of -61%. This indicates a less negative sentiment in the U.K. housing market than expected.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 5:51 am

TSLA

Gary Black, a Tesla investor, believes the recent recall of over 2 million Tesla vehicles for a software update related to Autosteer will not impact Tesla's valuation. He states that past OTA updates and NHTSA recalls have not affected Tesla's stock price significantly. However, Black is concerned about Tesla's brand equity, which he feels has taken a hit this year. He suggests that Tesla should focus on advertising to convey its benefits over competitors rather than cutting prices, which can harm margins. The term 'recall' has been debated, with some suggesting a change to 'software recall' to better reflect the nature of the issue.

Portfolio Pulse from Anan Ashraf

December 14, 2023 | 5:42 am

BTCUSD

Following the Federal Reserve's decision to maintain interest rates, over $160 million in cryptocurrency futures were liquidated. The Fed held the benchmark overnight interest rate steady, which led to a significant number of liquidations in the crypto market, particularly affecting Bitcoin short sellers with over $33 million in BTC shorts liquidated. Bitcoin's price recovered, breaching the $43,000 mark, and its social media presence increased significantly.

Portfolio Pulse from Mehab Qureshi

December 14, 2023 | 5:23 am