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GOEV

Canoo Inc. (NASDAQ:GOEV) has launched its operations in the UK by establishing Canoo Technologies UK Limited and setting up an Activation Center at Bicester Motion. This move is part of Canoo's global expansion strategy, aiming to enhance its commercial operations and align with the UK's zero-emissions goals. The Activation Center will allow customers to experience Canoo's right-hand drive commercial electric vans.

Portfolio Pulse from Nabaparna Bhattacharya

September 24, 2024 | 5:22 pm

AA

FCX

FXI

JD

LI

MP

NIO

NVDA

PDD

QQQ

SCCO

TME

XLB

XPEV

Tech stocks and materials sector rallied on Tuesday, driven by China's stimulus measures. The Nasdaq 100 outperformed, with Nvidia surging nearly 4%. Chinese equities and related ETFs saw significant gains, while the U.S. dollar weakened. Commodities like copper and silver also rose.

Portfolio Pulse from Piero Cingari

September 24, 2024 | 5:20 pm

LRCX

Whales are showing a bullish stance on Lam Research (NASDAQ:LRCX) with 57% of recent options trades being bullish. The stock is currently trading at $792.74, with analysts setting price targets between $774 and $1150. The company is a major player in semiconductor wafer fabrication equipment.

Portfolio Pulse from Benzinga Insights

September 24, 2024 | 5:16 pm

WMT

Deep-pocketed investors are showing a bearish sentiment towards Walmart (NYSE:WMT) with significant options activity. 61% of the options activity is bearish, with a focus on a price range between $63.33 and $105. Analysts have mixed ratings, with price targets ranging from $88 to $95.

Portfolio Pulse from Benzinga Insights

September 24, 2024 | 5:16 pm

LYFT

UBER

Lyft has partnered with Smartcar to address EV drivers' range anxiety by launching 'Rides in Range,' which ensures ride requests are within the EV's battery range. This initiative aims to boost driver confidence and customer satisfaction. Lyft reported a 41% revenue growth in Q2, with a 15% increase in rides. The company is also restructuring to cut costs, including layoffs and asset disposals. Lyft's stock has risen 34% over the past year, while Uber's stock has increased by 71%.

Portfolio Pulse from Anusuya Lahiri

September 24, 2024 | 5:15 pm

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IQ

KC

NTES

QFIN

TUYA

VIPS

WB

YMM

US-listed Chinese stocks are experiencing a rise in share prices following the announcement of a new stimulus package by China's Central Bank.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:09 pm

DRS

Leonardo shares declined following a downgrade by B of A Securities from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:07 pm

NVDA

Nvidia's stock surged after reports that CEO Jensen Huang completed his stock sales under a Rule 10b5-1 trading plan earlier than expected. Huang sold 6 million shares, grossing $713 million, but still holds a significant stake. Nvidia's stock has risen over 140% this year, driven by its strong AI positioning and impressive revenue growth.

Portfolio Pulse from Adam Eckert

September 24, 2024 | 5:06 pm

CAT

Caterpillar Inc. (NYSE:CAT) shares rose by 3.77% following the announcement of its exhibit at MINExpo 2024, showcasing new technologies aimed at cleaner and more efficient mining operations.

Portfolio Pulse from Vaishali Prayag

September 24, 2024 | 5:06 pm

NVDA

NVIDIA shares are experiencing an uptick, potentially due to reports that CEO Jensen Huang has completed selling company stock under a trading plan.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 5:05 pm