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FTXR

HMC

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Ford, BMW, and Honda have launched ChargeScape, a joint venture aimed at integrating electric vehicles with the power grid to stabilize it and reduce charging costs. This initiative is expected to transform EVs into assets for the grid, with Ford's shares trading higher following the announcement.

Portfolio Pulse from Lekha Gupta

September 18, 2024 | 4:33 pm

DIA

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RMD

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Ahead of the FOMC meeting, Wall Street is experiencing modest losses with uncertainty over the size of the expected rate cut. Treasury yields are rising, and the VIX is up 8%, indicating increased market anxiety. Major indices and ETFs are mostly down, except for the Energy Select Sector SPDR Fund (XLE), which is up. ResMed Inc. (RMD) fell over 5% due to a downgrade, while General Motors Co. (GM) rose over 2% after announcing access to Tesla's Supercharger network.

Portfolio Pulse from Piero Cingari

September 18, 2024 | 4:32 pm

HUBS

HubSpot has increased its long-term operating margin target from 17% to 25%, indicating a positive outlook for the company's profitability.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 4:29 pm

ASML

BABA

LRCX

NVDA

China's YMTC is making progress in replacing ASML and Lam Research technology with domestic alternatives due to US sanctions. This impacts companies like YMTC and Huawei, as well as Chinese hyperscalers like Alibaba, affecting their AI ambitions.

Portfolio Pulse from Anusuya Lahiri

September 18, 2024 | 4:21 pm

NEE

Recent options activity for NextEra Energy (NYSE:NEE) shows a bearish sentiment among large investors, with 66% of trades being bearish. The price range eyed by these investors is between $72.5 and $90.0. Analysts have mixed ratings, with price targets ranging from $81 to $102.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 4:19 pm

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FTXR

RPV

TSLA

General Motors (GM) has announced that its customers can now access over 17,800 Tesla Superchargers using a GM-approved adapter, enhancing EV charging options. This move is part of GM's strategy to expand its charging infrastructure and improve the EV customer experience. GM has also expanded its partnership with EVgo to install 400 fast-charging stalls in major U.S. cities. Additionally, GM reached a tentative agreement with Unifor for workers at its Ontario facilities.

Portfolio Pulse from Lekha Gupta

September 18, 2024 | 4:13 pm

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U.S. stocks traded lower with the S&P 500, Dow, and NASDAQ all experiencing declines. Notable stock movements included Intuitive Machines, Applied Therapeutics, and PowerFleet, which saw significant gains due to positive announcements. Conversely, NANO Nuclear Energy, Wheeler Real Estate Investment Trust, and Cibus experienced declines. Crude oil prices fell, while gold prices rose.

Portfolio Pulse from Avi Kapoor

September 18, 2024 | 4:12 pm

AMZN

Amazon.com (NASDAQ:AMZN) has significantly outperformed the market over the past decade, with an annualized return of 27.65%. A $100 investment in AMZN 10 years ago would now be worth $1,145.14, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 4:03 pm

HES

Hess Corporation (NYSE:HES) has delivered an impressive average annual return of 15.3% over the past five years, outperforming the market by 1.61% annually. A $100 investment in Hess five years ago would now be worth $200.09, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 4:03 pm

NVS

SNY

Novartis released data showing its multiple sclerosis drug, Kesimpta, effectively reduces disability progression over six years compared to Sanofi's Aubagio. The FDA also approved Novartis' Kisqali for early breast cancer treatment. Despite positive news, Novartis' stock saw a slight decline.

Portfolio Pulse from Vandana Singh

September 18, 2024 | 4:03 pm