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AAPL

Apple Inc. (NASDAQ:AAPL) had a busy week with developments including TV show cancellations, iPhone 15 Pro Max glitches, CEO Tim Cook's talks with Chinese officials, product timeline updates, and the launch of a new, more affordable Apple Pencil. Apple TV+ cancelled 'The Problem With Jon Stewart' due to creative differences. Apple's customer support suggested that a bug in the iOS 17 beta update might be causing the iPhone 15 Pro Max's display burn-in issue. Amid concerns over a potential iPhone ban and the declining market in China, Tim Cook met with China's commerce minister Wang Wentao. Tech analyst Ming-Chi Kuo suggested that the mass production of Apple's AirTag 2 might be delayed to 2025. Apple launched a new, cost-effective Apple Pencil with a USB-C port.

Portfolio Pulse from Benzinga Neuro

October 22, 2023 | 11:14 am

ASML

NVDA

The US is imposing restrictions on the procurement of vital spare parts for chip equipment to slow down China's progress in the semiconductor sector. This move is part of a broader effort to deter China's technological strides in the semiconductor realm, following Huawei's launch of a 5G smartphone equipped with an advanced 7-nanometer chip manufactured by SMIC. The US has also collaborated with Japan and the Netherlands to target China's acquisition of cutting-edge chipmaking technology and essential spare parts. Companies like ASML Holding NV and Nvidia Corporation are expected to benefit from these restrictions.

Portfolio Pulse from Nabaparna Bhattacharya

October 22, 2023 | 1:44 am

BLK

BTCUSD

DOGEUSD

This week's cryptocurrency news focused on Dogecoin's potential to reach $16, rising hopes for a Bitcoin ETF approval, and Anthony Scaramucci's bold prediction for Bitcoin's value. Crypto Analyst AMINSHEYBANI predicted that Dogecoin could surge over 27,000% and potentially reach $16. Ark Invest's CEO Cathie Wood stated that hopes are rising for a Bitcoin ETF approval by the SEC. Anthony Scaramucci of SkyBridge Capital projected that Bitcoin's value could skyrocket 2,662%, potentially rivaling a $15 trillion asset class. BlackRock Inc’s CEO Larry Fink commented on the Bitcoin rally following a false report about their application for an iShares Bitcoin Trust ETF.

Portfolio Pulse from Benzinga Neuro

October 22, 2023 | 1:02 am

TSLA

Tesla's Cybertruck recently underwent bulletproof testing, which CEO Elon Musk praised. However, short investor Jim Chanos commented that the summer sun on the truck's stainless steel body might be a bigger concern. Tesla confirmed the Cybertruck's launch date as Nov. 30, but Musk warned that the production ramp-up could be difficult. Tesla's stock ended down 3.69% at $211.99 on Friday.

Portfolio Pulse from Shanthi Rexaline

October 21, 2023 | 9:01 pm

HARP

Harpoon Therapeutics, Inc. (NASDAQ:HARP) announced updated interim data from its Phase 1/2 clinical trial of T cell engager HPN328, showing a confirmed response rate of 35% across all tumor types and patient cohorts treated with a 1 mg priming dose. The trial is nearing completion and the company is on track to select Phase 2 doses by the end of 2023.

Portfolio Pulse from Charles Gross

October 21, 2023 | 6:09 pm

CVX

USO

XLE

XOM

Iraqi Prime Minister Mohammed Shia al-Sudani warned about the potential impact of the Israel-Hamas conflict on the global oil supply. He expressed concerns about the conflict escalating and affecting energy supplies, which could lead to economic crises and further conflicts. In the stock market, oil companies like ExxonMobil Corporation and Chevron Corporation, as well as ETFs such as the United States Oil Fund, LP and the Energy Select Sector SPDR Fund, could be impacted by any disruptions in the oil supply.

Portfolio Pulse from Bibhu Pattnaik

October 21, 2023 | 6:04 pm

ABNB

CART

KVYO

PINS

SNOW

The IPO market has been volatile since 2021, with many companies seeing their valuations dive by 63% after debuting on the U.S. stock market. This has caused concern among venture capitalists and resulted in many startups delaying their IPO plans. Companies like Airbnb (ABNB), Pinterest (PINS), and Snowflake (SNOW) have yet to reclaim their initial valuations. The underwhelming market performance of Instacart (CART) and Klaviyo (KVYO) has further dampened enthusiasm for tech listings.

Portfolio Pulse from Nabaparna Bhattacharya

October 21, 2023 | 4:47 pm

FFIE

LCID

RIVN

TSLA

Electric vehicle stocks fell in the week ending Oct. 21, with Tesla's disappointing Q3 earnings and revenue miss leading the downturn. Tesla's auto margin was below consensus estimates, and CEO Elon Musk's comments on the earnings call were not well received by investors. Rivian CEO R.J. Scaringe allayed liquidity concerns, stating that the company's recent $1.5 billion convertible green note offering was meant to create an additional buffer. Lucid Group's Q3 deliveries were below consensus estimates. Faraday Future shares gained after the company raised non-dilutive capital. Toyota confirmed it will adopt Tesla’s North American Charging Standard for its battery EVs from 2025.

Portfolio Pulse from Shanthi Rexaline

October 21, 2023 | 2:45 pm

AAPL

AMZN

GOOG

GOOGL

IWM