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NIO

NIO Inc. reported a significant increase in vehicle deliveries for Q3 2023, with a total of 55,432 vehicles delivered. This represents a 75.4% increase year-over-year and a 135.7% increase from Q2 2023. The deliveries included 37,585 premium smart electric SUVs and 17,847 premium smart electric sedans.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:39 am

NIO

NIO reported a Q3 EPS of $(0.31), a slight decrease from $(0.30) YoY. However, sales increased significantly to $2.61B from $1.83B YoY.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:34 am

AGRO

B of A Securities analyst Isabella Simonato upgraded Adecoagro (NYSE:AGRO) from Neutral to Buy and increased the price target from $12.5 to $14, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:04 am

APLS

B of A Securities analyst Tazeen Ahmad has upgraded Apellis Pharmaceuticals (NASDAQ:APLS) from Neutral to Buy and increased the price target from $52 to $85, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:01 am

TSLA

Tesla CEO Elon Musk reflected on a tweet from May 2013 where he expressed his desire to create a pickup truck with sports car handling and mega torque. Musk's recent tweet simply states, 'How time flies ...' as he looks back on the progress made since then.

Portfolio Pulse from Anan Ashraf

December 05, 2023 | 7:17 am

AZO

GTLB

MSI

SJM

TOL

U.S. stock futures are trading lower, with focus on earnings reports from The J. M. Smucker Company (SJM), GitLab Inc. (GTLB), AutoZone, Inc. (AZO), Merit Medical Systems, Inc. (MSI), and Toll Brothers, Inc. (TOL). SJM is expected to report earnings of $2.48 per share on revenue of $1.95 billion. GTLB posted strong Q3 results and a positive FY24 forecast, causing shares to surge 16.2%. AZO is anticipated to report earnings of $31.18 per share on revenue of $4.20 billion. MSI announced a $550 million private placement of convertible senior notes, leading to a 3.8% share price drop. TOL is expected to report earnings of $3.71 per share on revenue of $2.78 billion after market close.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 7:13 am

ALK

AZO

HA

SJM

TOL

The CNN Money Fear and Greed index indicated improved market sentiment, remaining in the 'Greed' zone with a reading of 68.4. U.S. stocks closed lower on Monday, with the S&P 500 falling after a strong close on Friday. Bitcoin surpassed $41,000, and gold reached a record intraday high. U.S. factory orders declined by 3.6% in October. Alaska Air Group's shares dropped over 14% after announcing the acquisition of Hawaiian Airlines for $18 per share. Sectors like real estate and health care closed higher, against the general market trend. Investors are looking forward to earnings from Toll Brothers, AutoZone, and The J. M. Smucker Company.

Portfolio Pulse from Lisa Levin

December 05, 2023 | 7:09 am

ACRO

Acropolis Infrastructure announced it will dissolve and redeem all outstanding shares by December 19, 2023. Shareholders will receive approximately $10.49 per share, less taxes, with about $83.94 million available for redemption. The company's securities will cease trading on the NYSE on December 18, 2023, and shares will be cancelled the following day, representing only the right to the Redemption Amount.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:58 am

NEPT

Neptune Wellness Solutions has received a delisting notification from Nasdaq. The company plans to appeal the decision. The news could impact investor confidence and the company's ability to raise capital.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:54 am

TSLA

Gary Black, investor and Future Fund Managing Partner, predicts Tesla's Cybertruck will surpass Wall Street expectations by delivering 600,000 vehicles by 2027. Black's forecast is based on the Cybertruck entering a new market segment, with pickups accounting for 3 million units annually in the U.S. He suggests the potential for a smaller, less expensive Cybertruck for export markets. Wall Street's estimates are more conservative, expecting less than half of Black's predicted deliveries. Elon Musk has indicated over a million reservations for the Cybertruck but noted production scaling challenges may delay reaching the annual delivery target of 250,000 until 2025.

Portfolio Pulse from Anan Ashraf

December 05, 2023 | 6:18 am