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BABA

BYDDY

UPS

This week's economic highlights include China's Q2 GDP miss, the final Fed rate hike, a potential UPS strike, and insights from 9 million bank accounts. China's GDP growth fell short of expectations, potentially impacting tech companies like Alibaba and JD.com, and new energy vehicle manufacturers like BYD. A potential strike at UPS could impact the logistics industry and contribute to inflationary pressures. A report from JP Morgan Chase reveals that the median American now has more money in the bank than before the pandemic.

Portfolio Pulse from Benzinga Neuro

July 23, 2023 | 10:02 am

TSLA

Tesla Inc. has extended the duration of its auto loans from 72 months to between 36 and 84 months, in response to rising interest rates. However, this could result in customers paying more than their car's actual value. The Federal Reserve has been aggressively hiking the fed funds rates since March 2022, with interest rates now at a 16-year high of 5%-5.25%. The futures market has priced in a nearly 100% probability of a further 25-basis-point increase in rates to 5.25%-5.50%.

Portfolio Pulse from Shanthi Rexaline

July 22, 2023 | 9:00 pm

INTC

NVDA

QCOM

CEOs of major US chip companies, including Intel Corporation (INTC), NVIDIA Corp. (NVDA), and Qualcomm Inc. (QCOM), have advised Biden officials to carefully assess the consequences of export restrictions to China. They argue that these controls risk harming US leadership in the industry and have not significantly slowed down China's AI development. The Biden administration is considering strengthening existing restrictions, potentially targeting chips produced by Nvidia specifically for the Chinese market. American chipmakers like Micron Technology Inc. (MU) have also faced challenges from Beijing, impacting their business operations in China.

Portfolio Pulse from Bibhu Pattnaik

July 22, 2023 | 7:43 pm

BTC-USD

MSFT

Nassim Nicholas Taleb, author of 'The Black Swan', suggests that the popularity of cryptocurrencies is waning among young adults, who are now more interested in artificial intelligence (AI). Taleb has been a vocal critic of cryptocurrencies, particularly Bitcoin. He believes that the recent frauds, bankruptcies, and regulatory crackdowns have led to a crisis of confidence in cryptocurrencies. Meanwhile, the interest in AI has been growing, with companies like Microsoft partnering with OpenAI and integrating its technology into their businesses.

Portfolio Pulse from Shanthi Rexaline

July 22, 2023 | 5:59 pm

AMC

MAT

ROKU

TSLA

VRTX

Barron's weekend stock picks include Mattel Inc, AMC Entertainment Holdings Inc, Vertex Pharmaceuticals, Tesla Inc, and Roku Inc. Mattel's stock could be revitalized by the success of the Barbie film and other upcoming films. AMC's stock surged after a judge blocked the company from converting its AMC Preferred Equity shares into common stock. Vertex Pharmaceuticals' stock may see a boost due to the promising potential of a non-opioid painkiller. Trading data suggests there might be fewer Tesla bulls than assumed. Roku's new products and features could drive user growth.

Portfolio Pulse from Justin Chan

July 22, 2023 | 3:13 pm

AAPL

AMC

The S&P 500 and the Dow Jones Industrial Average ended the week positively, while the Nasdaq fell. AMC Entertainment Holdings Inc. (AMC) shares surged after a court blocked the company's move to convert its APE preferred units into common stock. Philip Morris International Inc. (PM) is set to acquire Israeli med-tech company Syqe Medical for $650 million. Despite weak demand and potential delays for the iPhone 15A, a BofA Securities analyst maintains a neutral rating on Apple Inc. (AAPL), raising the price target from $190 to $210. Shares of AT&T Inc. (T), Verizon Communication Inc. (VZ), Telephone and Data Systems, Inc. (TDS), and Frontier Communication Parent, Inc. (FYBR) plummeted following a Wall Street Journal investigation. Jim Cramer of CNBC's Mad Money has turned skeptical about Ford Motor Co. (F) after its 17% price cut for the F-150 Lightning electric pickup.

Portfolio Pulse from Michael Cohen

July 22, 2023 | 1:32 pm

BUD

DIS

Florida Governor Ron DeSantis is considering a shareholder lawsuit against Anheuser-Busch InBev (NYSE:BUD) over a controversial campaign with transgender TikTok influencer Dylan Mulvaney. The campaign, aimed at boosting Bud Light sales, led to a boycott of Anheuser-Busch products and a 12% drop in the company's stock since March 31. The Florida pension fund, which holds over $50 million in AB InBev shares, saw its net worth decrease due to the controversy.

Portfolio Pulse from Shanthi Rexaline

July 22, 2023 | 12:46 pm

ARKK

ARKW

TSLA

Ark Invest, managed by Cathie Wood, sold its Tesla holdings twice this week through its Ark Innovation ETF (ARKK) and Ark Next Generation Internet ETF (ARKW). The firm sold a total of 73,843 shares valued at $21.8 million. The sales were made ahead of Tesla's earnings release, after which the stock plunged by 11%.

Portfolio Pulse from Shanthi Rexaline

July 22, 2023 | 12:29 pm

FSR

NKLA

RIVN

TSLA

Tesla's Q2 earnings beat expectations but the stock fell by about 10% due to concerns about the quality of earnings and unclear margin outlook. Rivian is expected to exceed its full-year delivery guidance of 50,000 units, according to Mizuho analyst Vijay Rakesh. Nikola is selling its Phoenix Hydrogen Hub project to Fortescue Future Industries. Fisker confirmed it will produce 100 Fisker Extreme Vigyan Edition, an all-electric SUV, for the Indian market. Ford cut prices of all trims of its F-150 Lightning pickup truck, seen as a preemptive move ahead of Tesla's Cybertruck launch.

Portfolio Pulse from Shanthi Rexaline

July 22, 2023 | 12:19 pm

TSLA

David Trainer, CEO of New Constructs, suggests that Tesla Inc. (NASDAQ:TSLA) is overvalued by more than 1,000%, citing the company's lackluster production figures and shrinking gross profit margin. However, Dan Ives, CEO of Wedbush, remains bullish on Tesla, comparing its position to Apple's in the late 2000s.

Portfolio Pulse from Benzinga Neuro

July 22, 2023 | 12:01 pm