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TSLA

VWAGY

Battery electric vehicles (BEVs) have reached a 20% market share in Europe for the first time, according to data from the European Automobile Manufacturers’ Association. In August, 165,165 BEVs were registered, marking the thirteenth consecutive month of growth in the European Union’s auto industry. Tesla Inc (NASDAQ:TSLA) saw the most significant surge in new registrations, while Ford Motor Co (NYSE:F) experienced a 9.8% dip. Volkswagen AG (OTC:VWAGY) remains the most popular choice.

Portfolio Pulse from Anan Ashraf

September 21, 2023 | 8:08 am

DRI

FDS

FDX

KBH

SCHL

FactSet Research Systems, FedEx Corp, Darden Restaurants, KB Home, and Scholastic Corporation are the stocks to watch heading into Thursday. FactSet Research is expected to report quarterly earnings of $3.50 per share on revenue of $535.28 million. FedEx reported better-than-expected earnings for its first quarter, but lowered its full-year revenue guidance. Darden Restaurants is expected to have earned $1.73 per share on revenue of $2.71 billion. KB Home reported upbeat earnings and sales results for its third quarter. Scholastic is expected to post a quarterly loss at $1.20 per share on revenue of $268.79 million.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 8:03 am

AAPL

QCOM

Apple Inc. (AAPL) faced unexpected challenges in developing its proprietary silicon chip for the iPhone 15, leading to a delay in its rollout to 2024. The chip was found to be slower, prone to overheating, and lagging three years behind Qualcomm Inc.'s (QCOM) best offering. Despite these setbacks, Apple remains committed to the project.

Portfolio Pulse from Ananya Gairola

September 21, 2023 | 7:52 am

DRI

FDS

GIS

SCHL

The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range, causing a decline in overall sentiment among U.S. investors and a drop in U.S. stocks. General Mills Inc reported better-than-expected earnings for its first quarter. Investors are awaiting earnings results from FactSet Research Systems Inc., Darden Restaurants, Inc., and Scholastic Corporation.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 7:19 am

RIVN

Rivian (NASDAQ:RIVN) is escalating its production with a goal to produce 52,000 electric vehicles this year. The company's new R1T Dual-Motor Large Pack models are impressing with their extended range. Rivian has outperformed other EV startups with its innovative, all-electric adventure vehicles. The company manufactured 13,992 EVs in Q2, a 50% increase from the first three months. The first Dual-Motor R1T models started appearing in the R1 shop in July.

Portfolio Pulse from Benzinga Neuro

September 21, 2023 | 7:17 am

FDS

FactSet Research Systems Inc. (NYSE:FDS) is expected to report higher Q4 earnings of $3.50 per share, up from $3.13 per share a year ago. Revenue is projected to be $535.28 million, compared to $499.3 million in the year-ago period. The company's shares fell 0.6% to close at $423.77 on Wednesday. Several analysts have recently adjusted their price targets for the company.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 6:56 am

BTCUSD

DOGEUSD

ETHUSD

IMXUSD

The native token of the non-fungible tokens (NFT) platform ImmutableX, known as IMX, surged by 34% on Thursday, led by South Korean traders. Major cryptocurrencies like Bitcoin, Ether, and Dogecoin traded slightly lower. The surge in IMX trading volume, which increased by over 2000%, can be attributed to growing interest and investment in IMX. Upbit, a particular exchange, showcased noteworthy volume growth in IMX trading.

Portfolio Pulse from Mehab Qureshi

September 21, 2023 | 6:35 am

NIO

TSLA

Chinese electric vehicle manufacturer Nio, Inc. (NYSE:NIO) has launched a smartphone, the Nio Phone, in a bid to differentiate itself in China's competitive EV market. The phone, priced at $890 for the base model, offers unique features such as controlling multiple cars with a single device. However, the launch could strain Nio's finances as the company is still operating at a loss. The news follows Tesla Inc (NASDAQ:TSLA) CEO Elon Musk's threat to create an alternative smartphone if Twitter was removed from Apple and Google app stores.

Portfolio Pulse from Shanthi Rexaline

September 21, 2023 | 5:50 am

ETHUSD

SHIBUSD

The burn rate of Shiba Inu (CRYPTO: SHIB) has increased by over 330% in the past 24 hours, resulting in the permanent removal of more than 131 million SHIB tokens from circulation. The Shiba Inu Layer-2 platform, Shibarium, has surpassed 1.2 million total wallet addresses and is close to reaching 3 million transactions. The price of SHIB has increased by 1.16% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

September 21, 2023 | 5:00 am

BTCUSD

Republican presidential candidate Vivek Ramaswamy has announced plans to release a comprehensive crypto policy framework by Thanksgiving. He criticized regulatory agencies and discussed the disruptive potential of blockchain technology in traditional finance. At the time of writing, Bitcoin was trading at $27,012, up 1.56% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

September 21, 2023 | 4:20 am