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The week ending Oct. 6 saw a downturn in electric vehicle (EV) stocks, with Tesla reporting lower than expected Q3 deliveries but affirming its full-year goal. Tesla also announced price cuts for its Model Y and Model 3 EVs. Rivian's stock fell by 23% following its announcement of a $1.5 billion green note offering. Lucid launched a cheaper version of its Air sedan. Ford reported higher Q3 EV sales than General Motors. Faraday Future announced plans to deliver another premium EV. The KraneShares Electric Vehicles and Future Mobility Index ETF ended the week up 0.92%.

Portfolio Pulse from Shanthi Rexaline

October 07, 2023 | 2:56 pm

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Charlie Munger, vice chairman of Berkshire Hathaway, criticized the hype around AI and cryptocurrencies at a recent conference. He labeled Bitcoin as the 'stupidest investment' and predicted most cryptocurrencies would lose their value completely. His views echo those of Warren Buffett and other industry leaders like JPMorgan CEO Jamie Dimon.

Portfolio Pulse from Ananya Gairola

October 07, 2023 | 12:14 pm

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Bitcoin is struggling with the $28,000 resistance level, but analysts suggest its appeal as an 'unrelated asset' may lead to increased prices. Ethereum, the second largest cryptocurrency, broke its losing streak against Bitcoin, growing nearly 2% on the day. Major altcoins Avalanche and Solana led the market rebound, with gains of 6% and 3.8%, respectively. Bitcoin's recent stability could indicate its evolution towards a 'digital gold' narrative, potentially attracting more institutional inflows seeking uncorrelated assets.

Portfolio Pulse from Benzinga Neuro

October 07, 2023 | 4:25 am

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10 industrial stocks experienced significant movement in Friday's after-market session. Molekule Group, C3is, JanOne, Astra Space, Nxu, and iSun saw their stocks rise, while Singularity Future Tech, Innodata, Fluence Energy, and Planet Labs experienced a decline.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 9:31 pm

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During Friday's after-market session, several consumer discretionary stocks saw significant movement. Traeger (COOK), EpicQuest Education Group (EEIQ), REE Automotive (REE), Fossil Group (FOSL), LiveWire Gr (LVWR), and Wolverine World Wide (WWW) all saw increases, while Elys Game Technology (ELYS), Forza X1 (FRZA), Color Star Tech (ADD), PetMed Express (PETS), Yunhong Green CTI (YHGJ), and Sabre (SABR) experienced decreases.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 9:31 pm

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Several healthcare stocks experienced significant movement in Friday's after-market session. ContraFect, Exagen, Pasithea Therapeutics, Talaris Therapeutics, Renalytix, and GRI Bio saw their stocks rise, while Addex Therapeutics, Dyadic International, Sunshine Biopharma, Senti Biosciences, First Wave BioPharma, and Salarius Pharmaceuticals experienced a decline.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 9:31 pm

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Several information technology stocks experienced significant movement in Friday's after-market session. Procore Technologies, Evolv Technologies, SPI Energy, ZeroFox Holdings, Intrusion, and Boxlight saw gains, while Clear Secure, WiSA Technologies, Edgio, GSE Systems, Ostin Technology Group, and OMNIQ experienced losses.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 9:31 pm

MSS

Maison Solutions (NASDAQ:MSS), a specialty grocery retailer, went public in May 2023, offering 2.50 million shares at $4.00 per share. On its first day of trading, the stock rose 124.00% to close at $8.96. The company has an insider lock-up period of 180 days, ending on April 02, 2024, during which major shareholders cannot sell their shares. Traders may short the stock leading up to the lockup-period expiration date.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 9:30 pm

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Marijuana stocks experienced a bullish Friday with Psychemedics, 22nd Century Group, and OrganiGram Holdings seeing gains, while cbdMD and Mexco Energy closed down. Psychemedics shares closed up 17.17% at $3.89, 22nd Century Group shares closed up 3.72% at $0.70, and OrganiGram Holdings shares closed up 3.36% at $1.23. On the other hand, cbdMD shares closed down 6.07% at $0.93 and Mexco Energy shares closed down 3.72% at $12.16.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 9:30 pm

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The article discusses the returns of Berkshire Hathaway's stock since Warren Buffett's appearance in the 'Entourage' movie in 2015. A $1,000 investment in Berkshire Hathaway at the time of the movie's release would be worth $2,425.37 today, a return of 142.5% over the last eight-plus years. In comparison, the same investment in the SPDR S&P 500 ETF Trust would be worth $2,018.70 today, a return of 101.9% over the same period.

Portfolio Pulse from Chris Katje

October 06, 2023 | 9:10 pm