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VFS

VinFast Auto (NASDAQ:VFS) unveiled its electric pickup truck concept, the VF Wild, at CES 2024. The mid-size truck features a flexible bed size, panoramic glass roof, and digital side mirrors. It was developed with Gomitiv and follows a leadership change with founder Pham Nhat Vuong as CEO. VinFast has signed agreements with five U.S. dealers to boost sales, marking its retail operations start in the U.S. The VF Wild aligns with VinFast's mission to offer sustainable EVs and enters the electric pickup market.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 8:54 am

CME

CME Group reported a record international average daily volume (ADV) of 6.8 million contracts in 2023, marking an 8% increase from the previous year. The growth was primarily attributed to a 26% rise in Equity Index products and a 23% increase in Interest Rate products.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 8:38 am

ISRG

KBH

PSMT

RELL

SGH

U.S. stock futures are trading lower, but several companies are in focus with potential positive earnings and revenue reports. KB Home (KBH) is expected to report earnings after the closing bell with an anticipation of $1.69 per share on revenue of $1.62 billion. PriceSmart (PSMT) reported better-than-expected Q1 earnings, causing shares to rise 9.8% after hours. Richardson Electronics (RELL) is projected to earn 1 cent per share with revenue of $52 million, with shares up 1.7% after hours. Intuitive Surgical (ISRG) expects Q4 revenue to surpass estimates, leading to a 5.3% share increase after hours. SMART Global Holdings (SGH) reported better-than-expected Q1 earnings and announced a $75 million share repurchase, with shares up 10.5% after hours.

Portfolio Pulse from Avi Kapoor

January 10, 2024 | 8:20 am

MSFT

Humane, a startup founded by Apple veterans, has laid off 4% of its workforce, affecting ten employees, ahead of the launch of its first product, the AI Pin. The AI Pin, a wearable AI-powered device, is set to ship in March and has been recognized as one of Time Magazine's 'Best Inventions of 2023.' The company has raised $230 million from investors including Microsoft Corp. (NASDAQ:MSFT), and is undergoing an organizational refresh as it prepares for growth.

Portfolio Pulse from Rounak Jain

January 10, 2024 | 8:18 am

MSTR

MicroStrategy Inc (NASDAQ:MSTR) has seen its unrealized gains from Bitcoin investments swell to over $840 million in 2024, with $600 million gained in a single day due to Bitcoin's price rally. Despite a 15% drop in MicroStrategy's stock price this year, the company's Bitcoin treasury remains the largest corporate holding globally, valued at approximately $8.832 billion. CEO Michael Saylor sold shares worth $216 million as part of a pre-disclosed plan and continues to advocate for MSTR as a Bitcoin investment vehicle.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 8:12 am

DOGEUSD

A rumor about the death of Kabuso, the Shiba Inu mascot of Dogecoin (CRYPTO: DOGE), caused a 9% spike in DOGE's price to $0.83, followed by $2.4M in liquidations when the rumor was debunked. Dogecoin, a meme-based cryptocurrency, has a significant market cap of over $11 billion. The rumor's impact was short-lived as the social media post was revealed to be fake.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 7:48 am

SNAP

Snap Inc. CEO Evan Spiegel criticized rival social media platforms in a leaked memo, declaring 'Social Media is Dead. Long Live Snapchat!' He outlined a strategic plan for 2024 to address stagnant growth, focusing on user expansion in developed markets, an iOS-centric approach, improved ad targeting, and AR product development. The memo comes after several quarters of flat revenue growth and recent layoffs, signaling a pivotal moment for Snap's future direction.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 7:28 am

NTST

NETSTREIT Corp. has priced an upsized public offering of 9.6 million shares at $18 per share. The offering includes a 30-day option for underwriters to buy an additional 1.44 million shares. The expected closing date is January 12, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:00 am

NVDA

SOXX

Nvidia Corp. (NVDA) has seen a significant rally in 2023, with shares increasing by 264% and reaching a new high at the 2024 Consumer Electronics Show. Fund manager Gary Black believes NVDA is still undervalued, trading at 26.5 times the adjusted EPS for 2024 with a projected 28% CAGR in EPS from 2024 to 2028. Analysts have set a 12-month price target of $662.39, suggesting a 25% upside. Nvidia's Q4 guidance anticipates revenue of $20 billion, indicating over 230% year-over-year growth, despite U.S. export bans to China. The company's AI accelerator chipsets are in high demand due to the rise of generative AI software.

Portfolio Pulse from Shanthi Rexaline

January 10, 2024 | 6:29 am

BTCUSD

The SEC's Twitter account was compromised, leading to a false tweet about the approval of Bitcoin ETFs, which caused a temporary drop in Bitcoin's price. SEC Commissioner Gary Gensler confirmed the breach. A digital artist immortalized Gensler's clarifying tweet on the Bitcoin blockchain. Bitcoin's functionality has expanded with the Taproot upgrade, allowing for unique data to be encoded in transactions, similar to NFTs on Ethereum.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 5:43 am