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XPEV

XPeng (NYSE:XPEV) reported Q3 adjusted EPS of $(0.44), surpassing the $(0.53) estimate, and sales of $1.17B, slightly above the $1.16B estimate. Despite beating estimates, the EPS represents a 22.22% year-over-year decline, while sales show a 21.88% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 10:02 am

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U.S. inflation data showed a decrease to 3.2% in October, boosting investor sentiment and leading to a surge in the stock market. The S&P 500 had its biggest daily percentage gain since April 27. Home Depot Inc reported strong Q3 results, while The Beauty Health Company's shares plummeted after disappointing financials. The market awaits earnings from Cisco Systems, TJX Companies, and Target Corporation. The CNN Money Fear and Greed index moved to 'Neutral' reflecting improved market sentiment.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 9:48 am

COIN

Coinbase Inc. (NASDAQ:COIN) has indicated that the approval of spot Bitcoin ETFs in the U.S. could attract a new class of investors, including institutional and retirement funds. The Coinbase report suggests that such approval would simplify the investment process for large institutions, enhance market liquidity, and improve price discovery. David Duong of Coinbase sees this as an opportunity for new product development and wider crypto adoption. The report also mentions that billions could be added to the crypto market cap, and with current economic conditions, Bitcoin could become a more viable alternative. The SEC is nearing a decision on approving the first U.S. spot Bitcoin ETF, with firms like BlackRock, WisdomTree, and Valkyrie in the queue, potentially by 2024. Bitcoin's price has surged in anticipation, reaching $37,970 last week.

Portfolio Pulse from Benzinga Neuro

November 15, 2023 | 9:15 am

TSLA

Tesla, Inc. (TSLA) is facing challenges with demand outlook and margin impacts from price cuts. Analyst Pierre Ferragu from New Street Research emphasizes the importance of the Model 2 for Tesla's future success, predicting it will help maintain a 30% auto gross margin and address 80% of the car market. The Model 2 is expected to be cheaper to manufacture than the Model 3 and could significantly boost Tesla's revenues by 2030. Despite the hype around the Cybertruck, concerns about its ramp-up have been raised by CEO Elon Musk. Tesla's stock rose 6.12% to close at $237.41 on Tuesday.

Portfolio Pulse from Shanthi Rexaline

November 15, 2023 | 9:10 am

HIVE

Canaccord Genuity analyst Joseph Vafi has maintained a Buy rating on HIVE Digital Technologies (NASDAQ:HIVE) but has reduced the price target from $7 to $6.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:08 am

JD

JD.com reported a slight increase in Q3 adjusted earnings per share (EPS) to $0.92 from $0.88 year-over-year (YoY), while sales saw a marginal decline to $33.95B from $34.24B YoY.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:06 am

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U.S. tech leaders, including Elon Musk (Tesla), Satya Nadella (Microsoft), and Jane Fraser (Citigroup), are set to meet with Chinese President Xi Jinping at the APEC summit in San Francisco. This marks President Xi's first U.S. visit in six years and aims to address strategic issues and improve China-U.S. relations despite tensions. The meeting could impact businesses like Apple, which rely on China for manufacturing and consumers.

Portfolio Pulse from Benzinga Neuro

November 15, 2023 | 9:05 am

HD

Telsey Advisory Group analyst Joseph Feldman has reiterated a 'Market Perform' rating on Home Depot (NYSE:HD) and maintained a price target of $325.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:01 am

AAPL

Apple Inc. has released the sixth beta of its visionOS for the upcoming Vision Pro mixed reality headset, featuring new onboarding videos to assist users. The videos demonstrate navigation techniques using hand and eye movements, and the creation of a 3D 'Persona' for FaceTime calls. The increased build number suggests a stable version is near, with a store release expected by early 2024. Apple aims to boost revenue with the Vision Pro headset as it faces competition from Meta's Quest 3 VR headset.

Portfolio Pulse from Ananya Gairola

November 15, 2023 | 8:36 am

PSNY

Polestar has commenced production of its Polestar 4 model, with the first customer deliveries anticipated to occur before the end of 2023. This marks a significant milestone for the company as it expands its product lineup and aims to meet growing consumer demand for electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 8:33 am