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Stock Prices

TSLA

Future Fund Managing Partner Gary Black predicts that Tesla's Cybertruck deliveries will 'far exceed' Wall Street estimates. The current consensus delivery estimates for 2024 and 2025 are 91,000 units and 160,000 units, respectively. However, Tesla is planning for annual production of 375,000 units. This shortfall is worth $0.60 per share in incremental earnings per share estimate for 2025. Tesla's stock closed Tuesday's session up 0.07% at $269.79.

Portfolio Pulse from Shanthi Rexaline

July 12, 2023 | 6:19 am

COTY

Kim Kardashian is reportedly negotiating to buy back the minority stake in her beauty company, SKKN BY KIM, from Coty Inc. (NYSE:COTY). The sale price and other details are yet to be finalized. Coty had acquired a 20% stake in the business three years ago, valuing it at $1 billion. Kardashian's move is seen as an effort to expand SKKN’s beauty categories.

Portfolio Pulse from Benzinga Newsbot

July 12, 2023 | 5:04 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad', predicts Bitcoin (BTC) could reach $120,000 due to the BRICS nations' initiative to adopt a gold-backed currency, which could devalue the dollar and cause inflation. Kiyosaki advises diversifying investment portfolios with alternative assets like gold, silver, and Bitcoin to protect against this potential inflation.

Portfolio Pulse from Mehab Qureshi

July 12, 2023 | 4:56 am

GDYMF

PLUG

Plug Power has been chosen to supply two 5 MW PEM electrolyzers for green hydrogen projects in Australia. This could potentially increase the company's revenue and market presence.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 4:52 am

META

TSLA

Elon Musk, CEO of Tesla Inc. and owner of Twitter, will host a discussion about artificial intelligence with Rep. Ro Khanna and Rep. Mike Gallagher on Twitter Spaces. The conversation comes amidst an ongoing public feud between Musk and Mark Zuckerberg, CEO of Meta Platforms Inc. The public clashes between these tech industry leaders could have implications for their businesses and reputations.

Portfolio Pulse from Benzinga Newsbot

July 12, 2023 | 4:30 am

ATVI

BRK

MSFT

Warren Buffett's Berkshire Hathaway stands to make over $1 billion profit from Microsoft's acquisition of Activision Blizzard. Berkshire Hathaway owned nearly 50 million shares of Activision at the end of Q1 2023. The court's decision to allow the acquisition led to a 12% surge in Activision's stock.

Portfolio Pulse from Benzinga Newsbot

July 12, 2023 | 3:36 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin traded slightly positive on Tuesday evening ahead of Wednesday’s Consumer Price Index (CPI) release. The CPI data could determine whether the range-bound trading pattern continues. Bitcoin has seen an 84% increase in prices year to date, with much of the gains consolidated during the winter months. The global crypto market capitalization stood at $1.19 trillion, an increase of 0.19% over the last day. Analysts suggest that Ethereum could potentially rally towards $2,500.

Portfolio Pulse from Mehab Qureshi

July 12, 2023 | 3:32 am

TSLA

Elon Musk, CEO of Tesla Inc, made a humorous comment about the camouflage wrap of the Cybertruck, stating it makes the vehicle 'practically invisible'. Musk expects to sell 250,000-500,000 Cybertrucks annually once production is fully ramped up. Gary Black, Co-founder and Managing Partner of Future Fund, and an analyst from Ark Investment Management believe the Cybertruck will significantly contribute to Tesla's growth.

Portfolio Pulse from Anan Ashraf

July 12, 2023 | 2:52 am

ABNB

ELOX

PRFX

ROKU

TSLA

Five stocks, Eloxx Pharmaceuticals, Airbnb, Tesla, PainReform, and Roku, drew significant investor attention. Eloxx's stock surged after Oppenheimer raised its price target. Airbnb's stock rose due to solid supply trends in the U.S. and increased TSA passenger data. Tesla's stock increased slightly after Ark Investment Management suggested higher potential platform fees for Tesla's autonomous ride-hailing. PainReform's stock skyrocketed due to unusually high trading volume. Roku's stock jumped after announcing a partnership with Shopify.

Portfolio Pulse from Benzinga Newsbot

July 12, 2023 | 12:45 am

AMZN

A survey from Upgraded Points reveals that Americans spend an average of $91.75 monthly on Amazon, with Prime members spending an average of $110 monthly. The survey also found that 33% of respondents have spent more on Amazon in the last year than what they currently have in their savings account. Amazon reported revenue of $127.4 billion in Q1 2023, up 9% YoY, with North American sales making up $76.9 billion of the total. The company's market capitalization stands at $1.32 trillion.

Portfolio Pulse from Chris Katje

July 11, 2023 | 10:28 pm