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Li Auto Inc. (NASDAQ:LI) reported a 212.7% YoY increase in vehicle deliveries for September 2023, with 36,060 vehicles delivered. This sets a new monthly record and brings Q3 deliveries to 105,108, a 296.3% YoY increase. Cumulative deliveries for 2023 reached 244,225 by the end of September.

Portfolio Pulse from Charles Gross

October 01, 2023 | 1:49 pm

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The U.S. housing market has seen a significant appreciation in property values, likened to homeowners 'winning the lottery' by Zillow Group's chief economist, Skylar Olsen. The total valuation of the U.S. housing sector has reportedly jumped by nearly 50%, reaching $52 trillion. This has benefited homeowners looking to downsize, allowing them to sell their properties at a premium and buy smaller homes without accumulating more debt. Companies like Redfin Corp., Zillow Group, Anywhere Real Estate Inc., and RE/MAX Holdings, Inc. have been at the forefront of the real estate market. ETFs such as iShares U.S. Real Estate ETF and Real Estate Select Sector SPDR Fund offer diversified exposure to the industry.

Portfolio Pulse from Bibhu Pattnaik

October 01, 2023 | 12:37 pm

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The week was filled with speculations around a potential government shutdown, predictions on Federal Reserve actions, and possible contenders for the 2024 general election. Economist Peter Schiff suggested suspending all federal taxes during a shutdown. JPMorgan Chase CEO Jamie Dimon warned about the fallout if Federal Reserve benchmark interest rates were to soar to 7%. Venture capitalist Chamath Palihapitiya shared his views on the possible contenders for the 2024 general election. Goldman Sachs chief economist Jan Hatzius predicts a government shutdown lasting two to three weeks starting Oct. 1. Jamie Dimon voiced his support for strengthening economic ties between the U.S. and India.

Portfolio Pulse from Benzinga Neuro

October 01, 2023 | 10:01 am

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The past week saw significant developments in the cryptocurrency world, including a 1000% surge in the burn rate of Shiba Inu tokens, Robert Kiyosaki questioning Bitcoin's future following Citibank's blockchain technology announcement, two brothers becoming millionaires due to their investment in Shiba Inu, Ethereum co-founder Vitalik Buterin depositing 400 ETH into Coinbase amidst a market downturn, and Mark Yusko of Morgan Creek Capital Management expressing a bullish stance on Bitcoin's future.

Portfolio Pulse from Benzinga Neuro

October 01, 2023 | 1:02 am

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The House has passed a bill to fund the U.S. federal government for an additional 45 days, averting a potential government shutdown. Historical data shows that the economy has remained resilient during past government shutdowns. However, a shutdown could result in over 2 million federal workers facing furloughs or working without pay. Defense and healthcare sectors have historically rallied during shutdowns. Eli Lilly And Company (LLY), Novo Nordisk (NVO), and Lockheed Martin Corp. (LMT) are notable mentions in these sectors.

Portfolio Pulse from Nabaparna Bhattacharya

September 30, 2023 | 8:54 pm

BP Plc's top executive Dave Lawler is stepping down, marking another high-profile departure from the oil giant following the recent resignation of global chief executive Bernard Looney. Orlando Alvarez will reportedly succeed Lawler as the head of BP America. BP shares closed lower by 1.8% to $38.72 on Friday.

Portfolio Pulse from Nabaparna Bhattacharya

September 30, 2023 | 8:37 pm

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Bitcoin is set to record its first quarterly drop for the year, having declined approximately 11% since June. The downturn follows a robust 83% ascent in the first half of 2023. The Federal Reserve's decision to keep interest rates stable has heightened investor apprehension, leading to declines in both traditional and digital asset markets. The US Securities and Exchange Commission recently postponed its verdict on Bitcoin ETF proposals from BlackRock Inc.

Portfolio Pulse from Bibhu Pattnaik

September 30, 2023 | 8:08 pm

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SmileDirectClub Inc. (NASDAQ:SDC) has filed for Chapter 11 bankruptcy, just a few years after its $1.35 billion IPO. The company's founders plan to invest at least $20 million back into the business as part of a revival plan. SmileDirectClub, which introduced plastic aligners as an affordable alternative to braces, has faced stiff competition from brands like Invisalign (owned by Align Technology, Inc (NASDAQ:ALGN)), Candid, Byte (owned by Dentsply Sirona Inc (NASDAQ:XRAY)), NewSmile, and ALIGERNCO.

Portfolio Pulse from Bibhu Pattnaik

September 30, 2023 | 7:06 pm

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The week ending on Sept. 29 saw mostly positive performance for electric vehicle (EV) stocks, despite a muted broader market. Tesla is preparing for its Q3 deliveries, with estimates adjusted due to production suspensions at its Giga Shanghai and Giga Texas plants. Rivian's CEO dismissed concerns over competition with Tesla's Cybertruck. Lucid Group opened its first international manufacturing plant in Saudi Arabia. Faraday Future's stock plummeted following its proposed stock sale. Nio is rumored to be exploring a partnership with Mercedes-Benz. The KraneShares Electric Vehicles and Future Mobility Index ETF ended the week up 0.73%.

Portfolio Pulse from Shanthi Rexaline

September 30, 2023 | 2:53 pm

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The Walt Disney Company (NYSE:DIS) is set to broadcast a unique viewing experience of the NFL game between the Jacksonville Jaguars and Atlanta Falcons on Disney+. The game will feature a 'Toy Story Funday Football' mode, aiming to attract a younger audience. This move is part of Disney's strategy to appeal to new audiences and attract advertisers. The company is also leveraging its NFL rights to fill content gaps left by the Hollywood strike, with 'Monday Night Football' set to air on ABC for 10 more games than expected this season.

Portfolio Pulse from Chris Katje

September 30, 2023 | 1:39 pm