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LCID

NKLA

TSLA

VFS

Electric vehicle (EV) stocks fell this week due to the Federal Reserve's hint at continuing its rate-tightening cycle. Tesla (TSLA) is rumored to pause Model Y production at its Giga Texas plant, causing concerns about Q3 deliveries. Lucid Group (LCID) received an operating license to begin production in Saudi Arabia. Nikola Corp. (NKLA) appointed Mary Chan as its new COO, causing the stock to spike by 38%. Toyota (TM) plans to triple EV production by 2025. VinFast Auto (VFS) plans to expand into Europe and India.

Portfolio Pulse from Shanthi Rexaline

September 23, 2023 | 4:53 pm

HOOD

PYPL

Robinhood (NYSE:HOOD) is undergoing significant internal changes, including layoffs and team reorganizations, as it shifts its focus towards the credit card sector. The company's monthly active users and transaction-based revenues have decreased, and its shares have declined nearly 8.2% over the last month. Robinhood recently acquired the no-fee credit card startup X1 for $95 million, a move seen as a strategy to reverse the declining trend.

Portfolio Pulse from Nabaparna Bhattacharya

September 23, 2023 | 3:59 pm

COIN

HOOD

The crypto wallet market, dominated by offline channels for security reasons, is expected to grow from $8.24 billion in 2022 to around $46.72 billion by 2030, with a CAGR of approximately 24.2%. U.S.-based companies Coinbase (NASDAQ:COIN) and Robinhood Markets (NASDAQ:HOOD) have contributed to this surge by offering wallets to facilitate crypto investment. A recent survey by Nerd Wallet highlighted the top crypto wallets of 2023, including MetaMask, which saw a 31% growth in traffic in 2023. Regulatory challenges persist, with U.S. Senator Elizabeth Warren’s bipartisan crypto anti-money laundering bill gaining support.

Portfolio Pulse from Khyathi Dalal

September 23, 2023 | 3:31 pm

BTCUSD

BUD

CART

PLTR

TSLA

The past week saw the third consecutive week of losses for the Nasdaq Composite and the S&P 500. The Federal Open Market Committee decided to maintain interest rates at between 5.25% and 5.5%. Analyst Daniel Ives expressed confidence in Palantir Technologies securing a significant portion of the global AI market. Tesla and non-union foreign automakers stand to gain from the ongoing UAW strike affecting General Motors, Ford Motor, and Stellantis NV. Anthony Scaramucci expressed a bullish stance on Bitcoin. Anheuser-Busch InBev faces increased competition as Molson Coors Beverage Company and other brands capitalize on advertising opportunities. Instacart experienced a 40% stock jump on its debut, but Josh Brown advises investors to sell early for profit. Gordon L. Johnson II issued a sell rating on Tesla, citing concerns over demand issues, decreasing average selling prices and potential margin declines.

Portfolio Pulse from Michael Cohen

September 23, 2023 | 2:17 pm

NFLX

Netflix Inc (NASDAQ:NFLX) is releasing a reality show version of its popular series 'Squid Game' on November 22. The show will feature 456 contestants competing for a $4.56 million cash prize, the largest in reality television history. The original 'Squid Game' series was watched by 142 million households in the first 28 days of its premiere. Netflix ended the second quarter with 238.39 million global paid subscribers. The company's shares are up 29% year-to-date in 2023 and over 60% in the last year.

Portfolio Pulse from Chris Katje

September 23, 2023 | 2:05 pm

TSLA

Tesla CEO Elon Musk made a humorous comment about the distinct design of the Cybertruck, which is hard to miss even when covered. Musk also mentioned that he expects to sell 250,000-500,000 units of the Cybertruck annually once production is fully ramped up. He also teased a 'performance Cybertruck', a version of the vehicle that he recently drove.

Portfolio Pulse from Anan Ashraf

September 23, 2023 | 7:57 am

LCID

TSLA

Elon Musk, CEO of Tesla Inc, has criticized the compensation of General Motors Co. CEO Mary Barra, suggesting it should be proportionate to success. This follows a similar comment about Lucid Group Inc. CEO Peter Rawlinson's salary. Musk's comments were in response to a social media user who claimed Barra has created no value for GM's shareholders. GM's shares have dropped 3.7% year-to-date. Musk, who took no salary in 2022, holds shares in Tesla and options that grant him the right to purchase more at a fraction of the price if the company hits particular financial targets.

Portfolio Pulse from Anan Ashraf

September 23, 2023 | 6:45 am

TSLA

Tesla CEO Elon Musk has teased the 'performance Cybertruck', creating excitement among customers awaiting deliveries. Musk's comments were made in response to a post by Tesla Owners Silicon Valley. The Cybertruck is expected to be available in three configurations and its delivery event is scheduled for later this year.

Portfolio Pulse from Anan Ashraf

September 23, 2023 | 1:55 am

CRLBF

LFLY

MAPS

TRUFF

The cannabis and psychedelics industry is rapidly evolving with companies introducing innovative products and expanding into new markets. WM Technology, Inc. (NASDAQ:MAPS), Leafly Holdings Inc. (NASDAQ:LFLY), Cresco Labs Inc (OTCQX:CRLBF), and Red Light Holland Corp (OTCQB:TRUFF) are among the companies leading the way. Cresco Labs has launched its FloraCal and Cresco Brands into Florida's cannabis market. The People's Ecosystem has introduced Toci Treats powered by Unlokt technology for release in New Mexico. Entourage Phytolab has launched the Entourage Hemp Extract Liquid Fusionner, and Red Light Holland Corp has partnered with Mistercap LLC to launch organic mushroom grow kits in the US and Canada.

Portfolio Pulse from Joana Scopel

September 22, 2023 | 11:37 pm

LIFW

NEXI

NVOS

XCUR

In Friday's after-market session, several health care stocks experienced significant movement. Gainers included Novo Integrated Sciences (NVOS), NexImmune (NEXI), iBio (IBIO), Beyond Air (XAIR), VolitionRX (VNRX), and Genprex (GNPX). Losers included MSP Recovery (LIFW), Exicure (XCUR), ContraFect (CFRX), China SXT Pharmaceuticals (SXTC), Synaptogenix (SNPX), and TransCode Therapeutics (RNAZ).

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 9:31 pm