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TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), hinted at a revolutionary manufacturing process for an upcoming low-cost, high-volume Tesla vehicle, potentially priced at $25,000. Musk reviews the production line plans weekly and anticipates the vehicle will initially be produced at Giga Texas, then at Giga Mexico. He believes the future is electric and compares companies not transitioning to EVs to buggy manufacturers in the age of automobiles. Tesla shares closed at $238.72, up 120% YTD.

Portfolio Pulse from Chris Katje

December 05, 2023 | 11:23 pm

AGG

BND

BNDX

EMB

HYG

IGIB

JNK

TLT

USHY

VGLT

Investors have recently funneled billions into aggressive bond ETFs, anticipating multiple Federal Reserve rate cuts in 2024. This trend reflects a strong belief in a disinflationary trend and a potential shift in the Fed's monetary policy. The inflows have been particularly notable in ETFs that include long-term Treasury bonds, emerging-market bonds, and high-yield corporate bonds. The top 10 bond ETFs by fund inflows in the past month are led by iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and include others like iShares Core U.S. Aggregate Bond ETF (AGG) and SPDR Bloomberg High Yield Bond ETF (JNK).

Portfolio Pulse from Piero Cingari

December 05, 2023 | 11:18 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has begun deliveries of the Cybertruck, with CEO Elon Musk discussing the challenges and delays in production. Musk cited regulatory tests, the pandemic, and a global chip shortage as reasons for the delay. Analysts are cautiously optimistic about the Cybertruck's pricing. Musk does not expect the Cybertruck to significantly impact Tesla's financials until 2025. Tesla's stock has seen a significant increase year-to-date in 2023.

Portfolio Pulse from Chris Katje

December 05, 2023 | 11:08 pm

DSGX

Descartes Systems Gr (NASDAQ:DSGX) reported Q3 earnings of $0.31 per share, consistent with the previous year, but missed sales estimates with $144.70M compared to the expected $146.25M. Despite the miss, sales increased by 19.13% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:23 pm

FIVN

Five9, a cloud contact center provider, has responded to market rumors regarding a potential acquisition. The company confirmed that it was approached with an acquisition opportunity but stated that it is not pursuing any such deal at this time.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:10 pm

IRON

Disc Medicine has expanded its sales agreement with Jefferies, increasing the potential offering price of its common stock from $59.7 million to $200 million. This move allows Disc Medicine to issue and sell more shares over time, potentially diluting current shareholders but providing the company with additional capital for operations, research, and development.

Portfolio Pulse from Charles Gross

December 05, 2023 | 10:04 pm

LGIH

LGI Homes announced a significant increase in home closings for November 2023, with a total of 522 homes closed. This represents a 26.7% year-over-year growth, indicating a strong performance for the month.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:03 pm

TIL

Instil Bio announced a 1-for-20 reverse stock split of its outstanding shares, effective 5:00 PM Eastern Time on December 7, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:02 pm

TSLA

Elon Musk's X.AI CORP. has filed with the SEC for an offering of an undisclosed amount according to a Form D filing. The details of the offering, including the amount and the potential use of proceeds, have not been made public.

Portfolio Pulse from Charles Gross

December 05, 2023 | 10:00 pm

MSTR

MicroStrategy Inc. (NASDAQ: MSTR) has outperformed Bitcoin with a 23% increase in the past month and 104% over six months, compared to Bitcoin's 19% and 63% respectively. Canaccord Genuity Corp. raised its price target for MicroStrategy to $670, citing the company's strategic Bitcoin investment and solid software business. MicroStrategy's aggressive Bitcoin acquisition strategy and the potential for U.S. Bitcoin ETF approvals are seen as positive market catalysts.

Portfolio Pulse from Murtuza Merchant

December 05, 2023 | 10:00 pm