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GM

Cruise, GM's autonomous vehicle subsidiary, is planning a cautious re-launch of its driverless robotaxi service in one city, potentially in Texas or Arizona, following safety concerns and a pedestrian accident in San Francisco. The company will focus on its electric Bolt robotaxis and lay off non-engineering staff. GM will pause production of the Origin van and does not plan to produce more in 2024. Cruise's license to operate in California has been revoked, making Texas or Phoenix more likely choices for the re-launch.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:04 pm

AGFY

Agrify Corporation (AGFY) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's stock has closed below the minimum $1 per share for 30 consecutive business days. Agrify now has a compliance period of 180 calendar days to regain compliance by maintaining a closing bid price of at least $1 per share for a minimum of 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:01 pm

AXP

Over the past 15 years, American Express (NYSE:AXP) has produced an average annual return of 13.88%, outperforming the market by 2.47% on an annualized basis. A $100 investment in AXP stock 15 years ago would be worth $734.30 today. American Express currently has a market capitalization of $119.35 billion.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 9:00 pm

CMI

Cummins (NYSE:CMI) has delivered an average annual return of 16.12% over the past 20 years, outperforming the market. An initial investment of $1000 in CMI stock 20 years ago would be worth $19,860.83 today. The company currently has a market capitalization of $31.86 billion.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 9:00 pm

TSLA

Tesla's stock is trading lower following reports that a judge found 'reasonable evidence' suggesting the company was aware of defects in its autopilot system.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 8:59 pm

GII

IFRA

IGF

PAVE

TOLZ

President Joe Biden, trailing Donald Trump in 2024 election polls, is advised by Democratic experts to focus on infrastructure and social security to win. The Bipartisan Infrastructure Law, with $1.2 trillion investment in U.S. infrastructure, is highlighted as a key achievement. House Democrats are strategizing on messaging this success. Infrastructure ETFs like PAVE, IGF, IFRA, GII, and TOLZ could benefit from increased focus on infrastructure spending. Social security is also suggested as a critical issue for Biden to address, with potential plans to expand benefits.

Portfolio Pulse from Chris Katje

November 22, 2023 | 8:54 pm

ZM

Zoom Video Communications, Inc. (NASDAQ:ZM) shares fell after reporting Q3 earnings. Despite beating revenue and EPS estimates and issuing strong guidance, the stock experienced volatility, dropping over 3% on Wednesday. Barclays and Piper Sandler analysts lowered their price targets for ZM following the earnings release.

Portfolio Pulse from Ryan Gustafson

November 22, 2023 | 8:53 pm

SGML

Sigma Lithium's former Co-CEO was dismissed for trading company shares during a pre-earnings blackout period, as indicated by legal correspondence, sources, and trading data reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 8:47 pm

GSK

GSK Inc. (NYSE:GSK) shares are trading at $35.23, down 0.44% in the current session. Over the past month, the stock has decreased by 2.29%, but it has increased by 3.63% over the past year. GSK's P/E ratio of 9.55 is lower than the Pharmaceuticals industry average of 38.89, which could suggest it is undervalued or that shareholders have lower growth expectations. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 8:45 pm

ATVI

MSFT

NTDOY

SONY

Xbox sales in Europe have dropped by 52%, while PlayStation 5 sales surged by 143% and Nintendo Switch sales decreased by 20%. Microsoft's acquisition of Activision Blizzard and the release of Starfield have not significantly boosted Xbox sales. Microsoft plans to release more first-party games in 2024 and may focus more on PC and mobile gaming. A mid-gen refresh for Xbox Series X and S is hinted for 2024, with a next-generation console expected in 2028.

Portfolio Pulse from Franca Quarneti

November 22, 2023 | 8:37 pm