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TSLA

Ark Invest founder Cathy Wood has expressed her bullish stance on Tesla, Inc. (NASDAQ:TSLA), particularly in relation to the company's potential in autonomous driving technology. She stated that a third of Tesla's bear-case 2027 price target of $1,400 is associated with EVs and scaling them, while two-thirds is around autonomous and autonomous taxi platforms. Wood also highlighted Tesla's leading position in the U.S. in terms of autonomous driving and robotaxi platforms, and noted that the risks surrounding Tesla’s autonomous driving tech and robotaxis are decreasing.

Portfolio Pulse from Shanthi Rexaline

September 19, 2023 | 6:03 am

LLAP

Terran Orbital has priced its public offering of 23.21 million common shares and warrants at $1.40 per share, raising $32.5 million.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 5:25 am

AVGR

NIO

PYPL

TSLA

US stocks showed a positive trend on Monday with Dow Jones, NASDAQ, and S&P 500 all experiencing a rise. Five stocks that gained attention were NIO, PayPal, Block, Tesla, and Avinger. NIO's shares declined by 1.15% after announcing a proposed offering of $1 billion convertible senior notes. PayPal's stock decreased by 1.98% with varied analyst ratings. Block's shares saw a decline of 3.01% following a CEO transition announcement. Tesla's shares dropped by 3.32% after Goldman Sachs cut its earnings estimates. Avinger's stock surged by 46.97% following the commercial launch of its Tigereye ST system.

Portfolio Pulse from Benzinga Neuro

September 19, 2023 | 3:38 am

STLA

Former Obama advisor Jason Furman warns that the ongoing strike by the United Auto Workers (UAW) could significantly impact GDP growth rates. The auto industry contributes approximately $200 billion per quarter, with the Big 3 automakers (General Motors, Ford, and Stellantis) accounting for about half. The strike, initiated against all three automakers simultaneously, comes after failed negotiations on pay hikes and other amenities. The strike could potentially wipe out significant profits and threatens the annual profit-sharing checks of Detroit’s Big Three.

Portfolio Pulse from Benzinga Neuro

September 19, 2023 | 2:10 am

CART

DASH

Instacart has priced its initial public offering (IPO) at $30 per share, valuing the company at nearly $10 billion. The IPO comprises 22 million shares, with 14.1 million being sold by Instacart and 7.9 million by certain selling stockholders. The shares are expected to start trading on the Nasdaq under the symbol 'CART' on Tuesday. The company's valuation has been deemed reasonable by Renaissance Capital's Matt Einhorn, who compared Instacart to DoorDash Inc.

Portfolio Pulse from Adam Eckert

September 19, 2023 | 1:41 am

STLA

Former President Donald Trump has chosen to address autoworkers in Detroit, coinciding with the GOP debate in California. This comes amid strikes by autoworkers in Michigan, Missouri, and Ohio against plants run by Ford Motor Company, General Motors Company, and Stellantis NV. Trump's speech is expected to cater to over 500 union workers, mainly autoworkers.

Portfolio Pulse from Benzinga Neuro

September 19, 2023 | 12:32 am

AAPL

A comparison of investing in Apple Inc's (NASDAQ:AAPL) stock versus buying a new iPhone each year since 2007 shows that the former would have yielded a significantly higher return. If an individual had invested the cost of each new iPhone model in Apple shares on the day of the phone's release, they would have turned $12,584 into $117,764.18 today, representing a profit of $105,180.18 and a return of 835.8% over the past 16 years.

Portfolio Pulse from Chris Katje

September 18, 2023 | 10:50 pm

FDN

JNK

QTEC

XOP

A screening of mid-cap ETFs revealed that SPDR Bloomberg High Yield Bond ETF (JNK) and First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) added $604.80 million and $325.3 million in AUM respectively, while First Trust Dow Jones Internet Index Fund (FDN) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) lost $204.74 million and $175.73 million in AUM respectively. JNK offers exposure to corporate junk bonds, QTEC is tech-focused, FDN offers exposure to companies deriving at least half of their revenue from the internet, and XOP offers exposure to the exploration and production sub sector of the domestic oil market.

Portfolio Pulse from Johnny Rice

September 18, 2023 | 10:29 pm

ATAI

CMND

CMPS

LSDI

MNMD

PSIL

The article discusses recent developments in the field of psychedelic medicine, including new data from MAPS PBC's Phase 3 clinical study of MDMA-assisted therapy for PTSD, a study suggesting that combining MDMA with psilocybin or LSD could reduce difficult trips, and the House Rules Committee's vote on psychedelics amendments. It also mentions Scotland's approval of a pilot safer drug consumption site, and various milestones in the psychedelic drugs market. The article also provides an update on the performance of the AdvisorShares Psychedelics ETF (PSIL) and several psychedelic stocks.

Portfolio Pulse from Lara Goldstein

September 18, 2023 | 10:06 pm

STLA

TSLA

The ongoing UAW strike against the Big Three automakers (General Motors, Ford, and Stellantis) could potentially benefit Tesla and its CEO Elon Musk. The strike could lead to increased labor costs for the Big Three, potentially widening Tesla's competitive advantage. The strike could also impact the rollout of new electric vehicle models from the Big Three, giving Tesla an edge. Additionally, the strike could potentially strengthen Tesla's relationship with the White House and highlight Tesla's non-union status.

Portfolio Pulse from Chris Katje

September 18, 2023 | 9:49 pm