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AAPL

GOOG

GOOGL

NFLX

SPOT

Apple Vision Pro's initial sales exceeded expectations, with estimates of 180,000 units sold in the first weekend, doubling the consensus forecast of 70,000 to 80,000 units. Wedbush analysts have upgraded their 2024 sales prediction for the headset to 600,000 units, a 30% increase from the previous estimate of 460,000 units. Despite the absence of major apps like Netflix, YouTube, and Spotify, the brokerage is bullish on the product's future, expecting a broader range of more affordable models. Wedbush maintains an 'Outperform' rating on Apple with a target price of $250.

Portfolio Pulse from Rounak Jain

January 25, 2024 | 8:56 am

TSLA

During Tesla Inc's Q4 earnings call, CEO Elon Musk provided updates on the next-gen vehicle, expected to be produced at Gigafactory Texas with a lower price point than current models. Production is slated to begin in the second half of 2025, with a slower vehicle volume growth rate in 2024. The Cybertruck, starting deliveries in November, is not a gating factor for the new platform, which will continue using a 48-volt architecture.

Portfolio Pulse from Anan Ashraf

January 25, 2024 | 8:30 am

AAPL

ITI

Apple Inc (NASDAQ:AAPL) has become the top smartphone brand in China, outperforming local competitors like Huawei despite government restrictions and product bans. Apple's success in Q4 2023 is attributed to strategic discounts and promotions, overcoming the challenges posed by China's push for technological self-reliance and the expansion of bans on Apple products by state firms and government departments.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 8:08 am

AAL

DOW

IBM

TSLA

U.S. stock futures are mixed, with investor focus on American Airlines, Tesla, Visa, IBM, and Dow Inc. American Airlines is expected to report earnings of $0.10 per share on $13.02 billion revenue. Tesla reported Q4 earnings of $0.71 per share, missing estimates by $0.03, causing a 5.9% drop in after-hours trading. Visa is anticipated to report earnings of $2.34 per share on $8.54 billion revenue. IBM reported strong Q4 results, with shares rising 8.3% after-hours. Dow Inc. is expected to post earnings of $0.40 per share on $10.37 billion revenue.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 7:25 am

TSLA

Tesla's VP Karn Budhiraj refuted claims that 4680 cell production is causing delays in Cybertruck deliveries, stating that production is ahead of schedule with a healthy inventory. CEO Elon Musk emphasized the company's focus on increasing 4680 production and supplier orders. Despite previous reports of production challenges, Budhiraj finds the reservation to order conversion rate for the Cybertruck 'very encouraging' and anticipates selling out all builds for 2024. Musk reiterated the goal of delivering 250,000 Cybertrucks in North America, potentially by 2025.

Portfolio Pulse from Anan Ashraf

January 25, 2024 | 7:21 am

YIBO

Planet Image International Limited, an export-oriented manufacturer of compatible toner cartridges, has priced its IPO at $4 per share, offering 1.25 million Class A ordinary shares. The company expects to raise $5 million before expenses and will trade on the Nasdaq Capital Market under the ticker symbol 'YIBO' starting January 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 7:12 am

BONEUSD

DOGEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a 4,200% increase in token burn rate after a new plan to automate burn processes was unveiled. Shibburn reported 15.72 million SHIB tokens were removed from circulation by three anonymous entities. The Shiba Inu ecosystem is implementing a new strategy to accelerate token elimination, including an automated system on Puppynet and Mainnet. Additionally, Shibarium developers introduced a dual-component burning mechanism using BONE (CRYPTO: BONE) token fees. In December 2023, 25 billion SHIB tokens were burned in three events. SHIB's price is slightly down by 0.91%.

Portfolio Pulse from Mehab Qureshi

January 25, 2024 | 7:11 am

AAL

DOW

LUV

NFLX

The CNN Money Fear and Greed index has moved to the 'Extreme Greed' zone, indicating increased market sentiment. U.S. stocks closed mixed, with the S&P 500 hitting a record high. Netflix shares surged after strong Q4 results, while AT&T shares dropped post mixed results and guidance. Economic data showed service and manufacturing PMI growth. Sectors like materials, utilities, and real estate fell, but energy and communication services rose. Investors look forward to earnings from Visa, Dow Inc., Southwest Airlines, and American Airlines.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 7:09 am

AMZN

BAC

JPM

TSLA

Bank of America Corp (BAC) is enforcing its return-to-office policy by sending 'letters of education' to employees not complying with the policy, threatening disciplinary action. Since October 2022, most employees are required to work in-office at least three days a week, with client-facing roles expected five days a week. The enforcement aligns with a broader trend of companies mandating in-office attendance, as seen with JPMorgan Chase & Co (JPM), Goldman Sachs Group Inc (GS), Amazon.com Inc (AMZN), and Tesla Inc (TSLA). This move may be part of BAC's strategy to improve productivity and performance in light of recent challenges, including layoffs in Asia and a projected Q4 earnings decrease.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 6:51 am

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) is preparing to launch its second-generation electric vehicles, the R2 series, with a public event scheduled for March 7, 2024, at Main Beach Park in Laguna Beach, California. The event will feature a display of six vehicles to complement the product launch at the Rivian Theater. Although not explicitly stated, the document for the event refers to it as the 'Rivian R2 launch.' Rivian has seen success with its current lineup and the R2 platform could boost volume in the competitive EV market. The stock closed down 4.36% at $15.34 on Wednesday.

Portfolio Pulse from Shanthi Rexaline

January 25, 2024 | 6:41 am