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Elon Musk, CEO of Tesla Inc., received support from Welt's editor-in-chief Ulf Poschardt, who praised Musk's 'Go f**k yourself' response to advertisers boycotting his social network X. Poschardt views Musk's stance as a triumph against 'woke' culture. Musk has been criticized for his comments and for endorsing a debunked anti-Semitic conspiracy theory, leading to major advertisers like Apple, Disney, Warner Bros. Discovery, and others halting their ads on X. Despite the controversy, Musk found support from hedge manager Bill Ackman, who remains invested in X.

Portfolio Pulse from Rounak Jain

December 01, 2023 | 10:53 am

GCT

GigaCloud Technology Inc (NASDAQ:GCT) shares rose approximately 8% after reporting strong Q3 FY23 results. Revenue increased by 39.2% Y/Y to $178.2 million, surpassing the consensus of $163.8 million. The company's marketplace GMV grew by 40.8% Y/Y, and the number of active sellers and buyers also saw significant increases. Gross profit soared by 117.3% Y/Y, and adjusted EBITDA increased by 150.4% Y/Y. EPS of $0.59 beat the consensus of $0.38. The company also highlighted its strong cash position and the completion of the Noble House and Wondersign acquisitions. For Q4, GigaCloud expects revenues to significantly exceed consensus estimates.

Portfolio Pulse from Lekha Gupta

December 01, 2023 | 10:50 am

BXP

MPW

NHI

The article discusses three real estate stocks with high dividend yields, as rated by Wall Street's most accurate analysts. Medical Properties Trust, Inc. (MPW) has a dividend yield of 17.96% but received an Underweight rating from JP Morgan and a downgrade from Raymond James. Boston Properties, Inc. (BXP) offers a 6.88% yield, with BMO Capital maintaining an Outperform rating and JP Morgan maintaining an Underweight rating. National Health Investors, Inc. (NHI) has a 6.61% yield, with Wells Fargo maintaining an Equal-Weight rating and Jefferies initiating coverage with a Hold rating.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 10:29 am

XPEV

XPeng Inc. (NYSE:XPEV) achieved a new record in November with 20,041 vehicle deliveries, marking a 245% increase year over year and the second consecutive month surpassing 20,000 deliveries. The XPENG G6 was the top-selling electric SUV in its price range. XPeng has seen consistent growth for ten months, with a year-to-date total of 121,486 units, exceeding the total for 2022. The company showcased its new flagship X9 model and released OTA updates for its smart cockpit operating system. XPEV shares dropped slightly by 0.78% in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

December 01, 2023 | 10:21 am

ADI

CHUY

NVDA

PSTG

Wall Street analysts have made new stock picks, with the most accurate analysts according to Benzinga Analyst Stock Ratings providing updates. Zachary Fadem of Wells Fargo maintained an Overweight rating on RH with a reduced price target. Aaron Rakers, also from Wells Fargo, maintained an Overweight rating on NVIDIA and increased the price target, predicting a 45% stock surge. Matt Bryson of Wedbush maintained an Outperform rating on Pure Storage with a reduced price target. William Stein of Truist Securities maintained a Buy rating on Analog Devices with a lowered price target. Brian Mullan of Piper Sandler maintained a Neutral rating on Chuy's Holdings with a decreased price target. The Dow Jones rose significantly in November, and these stock picks reflect the analysts' expectations for future performance.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 10:17 am

BNTX

DELL

GSM

IXHL

MOR

MRVL

SMCI

Dell Technologies Inc. reported mixed Q3 results with earnings per share of $1.88, above the consensus estimate of $1.47, but revenue fell short at $22.25 billion against expectations of $23.00 billion. Dell's shares dropped 5.1% in pre-market trading. Other stocks also moved lower in pre-market sessions, including Incannex Healthcare, MorphoSys AG, Ferroglobe PLC, Marvell Technology, Super Micro Computer, and BioNTech SE, despite overall U.S. stock futures trading higher.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 10:15 am

LNG

NFE

PSX

REX

Four energy stocks are considered overbought based on their RSI values, which may signal a potential short-term decline. REX American Resources (REX) reported record Q3 results, causing a 33% stock increase. Phillips 66 (PSX) is in talks with Elliot Investment Management, with a 9% stock gain. New Fortress Energy (NFE) reported strong Q3 revenue and reaffirmed guidance, leading to a 26% increase over the past month. Cheniere Energy (LNG) posted better-than-expected sales, with an 8% gain over the past month.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 10:04 am

TSLA

Tesla Inc (NASDAQ:TSLA) has raised the prices of its Cybertruck models significantly above the initial 2019 estimates, with the entry-level now starting at $60,990 (53% increase) and the top-tier Cyberbeast nearly $100,000. The range has also fallen short of promises, with the highest range now at 340 miles, extendable to 470 miles with an optional range extender. This marks the first time Tesla has not met key promised specifications, raising concerns about future product deliveries like the Roadster 2.0.

Portfolio Pulse from Anan Ashraf

December 01, 2023 | 10:00 am

AAPL