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MSFT

NVDA

China is proposing a blacklist to regulate AI, while chatbots from Google and Microsoft have shown limitations in reporting the Israel-Hamas conflict. Nvidia's stock is predicted to make significant gains, and OpenAI's CEO Sam Altman made statements on artificial intelligence. China's blacklist includes sources that cannot be used for training generative AI models. Google and Microsoft's chatbots incorrectly reported a ceasefire in the Israel-Hamas conflict. Analysts at TD Cowen predict Nvidia's stock will rise by 50%.

Portfolio Pulse from Benzinga Neuro

October 15, 2023 | 11:06 am

UUP

The International Monetary Fund (IMF) has raised concerns about the US's escalating debt crisis, which is leading to a rapid rise in corporate defaults. The US debt situation is being fueled by increased government spending, resulting in a $1.5 trillion deficit in the first 11 months of the fiscal year. The Israel conflict could worsen the economic conditions, leading to a weaker global economy and increased inflationary pressure. The trend of reshoring has seen a 216% increase year-over-year since the start of 2022, bringing in $516 billion in private company investments. The Consumer Price Index (CPI) surpassed economist expectations in September, putting pressure on the Federal Reserve to consider raising interest rates.

Portfolio Pulse from Benzinga Neuro

October 15, 2023 | 9:41 am

TSLA

Ahead of Tesla's Q3 earnings, Future Fund Managing Partner Gary Black suggests that Tesla should initiate a $10B stock buyback to prop up the sagging stock. He estimates a free cash flow of $53 billion over the next five years, even after Tesla funds investments in full-self driving, new Gigafactories, bots or any other capital expenditures. A $10 billion buyback over three years would offer a 38% return of the future free cash flow to shareholders without touching the existing $22 billion cash on the balance sheet.

Portfolio Pulse from Shanthi Rexaline

October 14, 2023 | 8:59 pm

CASY

CMG

MCD

NKE

SBUX

WMT

A recent survey by Bank of America reveals that Gen Z individuals are adjusting their spending habits due to rising living costs and economic uncertainty. A significant 73% of respondents have economized on essentials like groceries and fuel, and 43% are cooking at home more. This trend may negatively impact restaurant stocks like McDonald's, Starbucks, and Chipotle. Additionally, 40% of Gen Zers have reduced their clothing expenses, potentially affecting apparel stocks like Nike and Foot Locker. Gen Z's focus on essential items could also impact retail giants like Walmart, Caseys General Stores, and Kroger.

Portfolio Pulse from Nabaparna Bhattacharya

October 14, 2023 | 7:42 pm

AVAXUSD

BTCUSD

LINKUSD

Crypto analyst Altcoin Sherpa predicts a significant rally for Bitcoin (BTC), Chainlink (LINK), and Avalanche (AVAX). Bitcoin is expected to return to its record peak of roughly $69,000, indicating a potential surge exceeding 150%. Chainlink, currently at $7.27, is expected to breakout after a long consolidation period, with investors advised to enter the market between $5 and $7. Avalanche, priced at $9.17, is forecasted to rise by over 14% in the coming weeks, with a resistance level at $9.79.

Portfolio Pulse from Bibhu Pattnaik

October 14, 2023 | 5:01 pm

COIN

Binance.US has updated its digital asset listing process and is considering adding new digital assets to its platform. The company will select altcoin assets for potential listing based on market demand, forecasted trading volume, liquidity, regulatory standing in the U.S., and community engagement. Currently, Binance.US is considering Sui (SUI), a delegated proof-of-stake layer 1 network, for listing. This process is similar to the one followed by Coinbase (NASDAQ:COIN) to mitigate speculative price movements post-listing.

Portfolio Pulse from Khyathi Dalal

October 14, 2023 | 2:31 pm

AAPL

AMC

AMZN

BTCUSD

LCID

TSLA

Benzinga's weekly review of investor favorites included bullish views on Bitcoin, Apple, and Amazon, and bearish views on Tesla, Lucid Group, and AMC Entertainment. Anthony Scaramucci predicted Bitcoin could reach $150K-$250K with the launch of Bitcoin ETFs. Apple is expected to use Resin Coated Copper for the iPhone 17's mainboard, potentially leading to a slimmer device and cost-saving benefits. Amazon's NFL broadcast rights are seeing success with record viewership. Tesla warned of a likely reduction in the Model 3's tax credit. Lucid Group has yet to announce its Q3 delivery numbers, causing investor concern. AMC CEO Adam Aron was the victim of an extortion attempt.

Portfolio Pulse from Michael Cohen

October 14, 2023 | 1:20 pm

FSR

KARS

LCID

RIVN

TSLA

The week ending October 13 saw a lackluster performance from electric vehicle (EV) stocks, with Tesla's Q3 margins causing concern among analysts. Rivian's stock is now seen as undervalued by some analysts, while Fisker is planning to expand into China. Lucid's delay in delivery has unnerved investors, and Ford is offering a $7,500 discount on its F-150 Lightning. The KraneShares Electric Vehicles and Future Mobility Index ETF ended the week up 0.92%.

Portfolio Pulse from Shanthi Rexaline

October 14, 2023 | 1:18 pm

JPM

JPMorgan Chase & Co.'s CEO Jamie Dimon has voiced concern about intensifying global threats, including the ongoing war in Ukraine and recent attacks by Hamas on Israel, warning of their potential impacts on global energy and food markets, trade and geopolitical relationships. He also highlighted the mounting national debt and the possibility of sustained high inflation and interest rates. Despite the bank posting a profit of $13.15 billion for the third quarter, up 35% from a year ago, Dimon warned that the strong performance might not persist.

Portfolio Pulse from Benzinga Neuro

October 14, 2023 | 4:23 am

NVO

Novo Nordisk (NYSE:NVO) has revised its full-year sales and operating profit outlook for 2023 due to a surge in demand for its weight-loss drug Wegovy and diabetes medication Ozempic. The company now expects sales growth of 32% to 38% and operating profit growth of 40% to 46%. The updated forecast reflects higher expectations for Ozempic sales in the U.S. and adjustments for Ozempic and Wegovy sales in the U.S.

Portfolio Pulse from Benzinga Neuro

October 14, 2023 | 4:23 am