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Stock Prices

TSLA

Tesla, Inc. (NASDAQ:TSLA) saw a 5% surge in its stock amid a broader market slump. The surge was attributed to a pullback in the yield of the 10-year Treasury note. Future Fund Managing Partner, Gary Black, suggested that Tesla investors might be anticipating that the company won’t quickly reduce configurator prices in the future. He also highlighted several upcoming catalysts for Tesla’s stock, including the Cybertruck launch, Model 3 refresh, and a licensing deal for full self-driving capabilities. Black projected higher fourth-quarter and 2024 volume estimates than the consensus, suggesting over 500,000 units for the fourth quarter.

Portfolio Pulse from Shanthi Rexaline

October 05, 2023 | 8:41 am

BTAI

Truist Securities analyst Robyn Karnauskas has downgraded BioXcel Therapeutics from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 8:40 am

EWU

The U.K. Construction Purchasing Managers Index (PMI) for September was reported at 45, lower than the estimated 49.9 and the prior figure of 50.8.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 8:33 am

AAPL

AMZN

GOOGL

META

MSFT

NVDA

TSLA

Jim Cramer predicts a potential stock market rally driven by the upcoming September jobs report. He suggests that a weak payroll number could lead to a rebound similar to what was seen in March. However, he also warns that this potential economic weakness might negatively impact various sectors, including retail, banking, and housing. The potential rally could be led by mega-cap tech stocks from the Nasdaq Composite, including Apple, Amazon, Alphabet, Microsoft, Nvidia, Meta Platforms, and Tesla.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 8:27 am

BRK

Stewart Horejsi, an early investor in Berkshire Hathaway Inc. (NYSE:BRK), has amassed a net worth of $3 billion, earning him a spot on the Forbes 400 list of wealthiest Americans. His wealth is largely attributed to his Berkshire stock, of which he currently holds 4,300 shares valued at $2.2 billion. The remaining $800 million comes from other assets. Berkshire Hathaway's market capitalization stands at $750 billion, with over $1 trillion in assets.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 8:23 am

AAPL

Robert Kiyosaki, author of 'Rich Dad, Poor Dad', suggests that Apple Inc. (AAPL) is a good investment if the stock drops below $150. This comes despite recent challenges faced by the tech giant and the broader market uncertainty. Apple's CEO, Tim Cook, recently sold 511,000 shares worth about $87.8 million, and KeyBanc Capital Markets analyst Brandon Nispel downgraded Apple stock from Overweight to Sector Weight. However, Apple shares closed up 0.73% at $173.66 on Wednesday.

Portfolio Pulse from Shanthi Rexaline

October 05, 2023 | 7:27 am

RIVN

VFS

VinFast Auto (NASDAQ:VFS), the electric vehicle manufacturer from Vietnam, has seen significant volatility in its stock price, with average swings of 22% and no clear triggers. Despite providing full-year delivery guidance for 2023, the stock has dropped about 52% since then. The company's market capitalization is currently around $19 billion, lower than Rivian Automotive's (NASDAQ:RIVN) market cap of about $21 billion.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 7:14 am

BONEUSD

BTCUSD

SHIBUSD

The burn rate of Shiba Inu (CRYPTO: SHIB) has spiked over 75% in the last 24 hours, with 49 million SHIB tokens removed from circulation. Despite this, SHIB's price has remained relatively stagnant, with no significant movement beyond the support level at $0.0000070. The Shiba Inu development team is nearing the final stages of the renouncement process for the Bone ShibaSwap (CRYPTO: BONE), Shibarium’s official token.

Portfolio Pulse from Mehab Qureshi

October 05, 2023 | 7:10 am

LCID

NIO

RIVN

TSLA

Rivian Automotive, Inc. (NASDAQ:RIVN) announced a $1.5 billion green convertible senior notes offering, causing its stock to drop by 8% in after-hours trading. The proceeds will be used to finance, refinance, and invest in new or recently completed projects. The company also released its Q3 preliminary results, with revenues falling in line with expectations. Rivian expects its cash, cash equivalents, and short-term investments to stand at $9.1 billion at the end of Q3.

Portfolio Pulse from Shanthi Rexaline

October 05, 2023 | 6:37 am

EWG

Germany's trade balance for August was reported at 16.6 billion, higher than the estimated 15.0 billion and the prior figure of 15.9 billion.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:00 am