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STLA

TSLA

As United Auto Workers (UAW) prepare for a strike at Detroit's three major carmakers, Tesla CEO Elon Musk has stated that Tesla pays more than the union's demands. Musk also highlighted the positive work atmosphere at Tesla and SpaceX factories. The strike is set to occur if worker demands, including a 40% pay hike by September 2027, are not met by Ford, General Motors, and Stellantis.

Portfolio Pulse from Anan Ashraf

September 15, 2023 | 3:45 am

TSLA

VWAGY

Tesla CEO Elon Musk has referred to the speed rivalry between Porsche's Taycan and Tesla's Model S Plaid as 'fun competition'. This comes after a revamped Taycan was spotted testing at Nürburgring, potentially targeting the Plaid's record. The updated vehicle might have over 1000 hp power, similar to the Plaid. Porsche is owned by Volkswagen AG. Tesla fans are anticipating the new Tesla Roadster, expected to reach production by the end of next year.

Portfolio Pulse from Anan Ashraf

September 15, 2023 | 2:56 am

TSLA

Tesla Inc. is reportedly close to a manufacturing breakthrough that could reduce costs and increase production efficiency. The new process, known as 'gigacasting', involves die-casting the entire vehicle underbody as a single piece, replacing the traditional method of constructing about 400 separate parts. This technique is expected to be used on Tesla's upcoming $25,000 electric car.

Portfolio Pulse from Benzinga Neuro

September 15, 2023 | 2:21 am

ACB

The Italian government has reclassified cannabidiol (CBD) as a narcotic, diverging from the European Commission's stance that CBD should not be classified as such. This move has been opposed by key industry stakeholders, warning of potential negative impacts on businesses and the local CBD market. Despite these changes, Italy's medical cannabis market continues to source cannabis primarily from the Netherlands, Canada, Denmark, and Germany, with Aurora Cannabis Inc. (NASDAQ:ACB) among the top suppliers since 2019.

Portfolio Pulse from Joana Scopel

September 15, 2023 | 1:57 am

ARM

CVNA

MGM

TSLA

U.S. stocks ended Thursday in the green with Carvana, ARM Holdings, Ford, MGM Resorts, and Tesla gaining attention. Carvana shares surged by 13.47% amid a potential UAW strike that could lead consumers to the used car market. ARM Holdings rose by 24.69% after its U.S. stock market debut following regulatory challenges to Nvidia's acquisition. Ford's stock slightly decreased due to the looming UAW strike. MGM Resorts saw a minor increase despite a recent cyberattack. Tesla's stock rose by 1.75% as Ark Invest resumed selling its shares.

Portfolio Pulse from Benzinga Neuro

September 15, 2023 | 1:47 am

OKTA

Okta Inc's shares traded lower on Thursday, pulling back from recent strength. The stock has been trending higher since the end of August, following better-than-expected Q2 earnings results. However, the stock has pulled back over the last week after reaching a three-month high on Monday, with shares falling over 4% on Thursday.

Portfolio Pulse from Ryan Gustafson

September 14, 2023 | 11:00 pm

MAT

WBD

Mattel Inc (NASDAQ:MAT) reported a 25% increase in Barbie toy sales in July and August, following the success of the 'Barbie' movie. The movie, released in mid-July, broke box office records and generated significant publicity for the brand. The strong sales performance could impact Mattel's third-quarter results. Mattel's second-quarter results were already positively impacted by the movie's success, with the company beating revenue and earnings per share estimates. Mattel's CEO hinted that the strong sales could continue into the second half of 2023.

Portfolio Pulse from Chris Katje

September 14, 2023 | 10:54 pm

ARM

NVDA

SFTBY

Arm Holdings, the company behind the CPUs essential for Nvidia's GPUs in AI operations, debuted in the market with the largest IPO of 2023, valued at $54.5 billion. SoftBank, which acquired Arm Holdings in 2016, is retaining 90% of the company and sold 10% of its position to investors. SoftBank's founder, Masayoshi Son, expressed his intention to retain as much stake in Arm Holdings as possible, citing his long-term belief in the company.

Portfolio Pulse from AJ Fabino

September 14, 2023 | 10:37 pm

XLV

President Joe Biden has defended his economic policies, arguing that his 'Bidenomics' program has done more for everyday Americans than the 'MAGAnomics' of his predecessors. Despite this, his approval ratings have not improved, with only 22% of Americans believing the economy is improving. The Health Care Select Sector SPDR Fund (NYSE:XLV) rose 0.3% on Thursday, but underperformed all the other S&P 500’s sectors.

Portfolio Pulse from Piero Cingari

September 14, 2023 | 10:07 pm

BUD

STZ

TAP

Influencer Dylan Mulvaney's association with Bud Light, a brand of Anheuser-Busch Inbev (BUD), has led to boycotts and a drop in the brand's market share and stock price. Mulvaney is open to working with another beer company. Bud Light has distanced itself from Mulvaney and is targeting NFL and college football fans. Other beer companies like Molson Coors (TAP) and Constellation Brands (STZ), owner of Modelo, have seen their stocks rise in 2023.

Portfolio Pulse from Chris Katje

September 14, 2023 | 9:39 pm