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MPLX

MPLX's (NYSE:MPLX) short interest has increased by 3.06% since the last report, with 10.68 million shares sold short, representing 3.03% of available shares. It would take about 7.24 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, MPLX has less short interest compared to its peers' average of 3.46%. The rise in short interest doesn't necessarily predict a stock price drop.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 1:00 pm

DOGE

ETH

SHIB

SOL

Solana's meme coin BONK has seen a 9000% increase year-to-date, reaching a market cap of $1.17 billion, making it the third-largest dog-themed coin. The surge followed a significant airdrop to the Solana community and support from major exchanges like Coinbase and Binance. The Solana Saga phone also saw increased demand due to BONK. Other Solana-based tokens like Helium and Dogwifhat also experienced substantial gains. However, analysts warn of a potential correction for BONK in the near future.

Portfolio Pulse from Mehab Qureshi

December 25, 2023 | 11:15 am

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) is increasing production of its electric delivery vans, as seen in a recent drone video. The company has amended its exclusive deal with Amazon, allowing it to sell to other fleet operators. AT&T Inc (NYSE:T) plans to purchase Rivian EVs for its fleet starting in 2024. Despite the production ramp-up, Rivian's CFO Claire McDonough anticipates fewer deliveries to Amazon in Q4 due to the holiday period.

Portfolio Pulse from Anan Ashraf

December 24, 2023 | 7:29 pm

MANU

British billionaire Jim Ratcliffe has acquired a minority stake in Manchester United (NYSE:MANU), valuing the club at $6.3 billion. Ratcliffe purchased 25% of the club's non-voting shares at $33 each, a 65% premium over the recent closing price, and will also gain 25% of the nonlisted voting shares from the Glazer family. He plans to invest $300 million in the club's stadium but will not control the commercial operations. The deal is pending approval from the English Premier League.

Portfolio Pulse from Benzinga Neuro

December 24, 2023 | 6:05 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has achieved over 20,000 vehicle registrations in Sweden this year despite an ongoing workers' strike that is nearing two months. The strike, initiated by IF Metall, is focused on collective bargaining agreements. Tesla has not shown willingness to comply with union demands, maintaining that its terms are fair. The Model Y is one of the best-selling car models in Sweden, and the strike has gained support from unions in neighboring countries.

Portfolio Pulse from Anan Ashraf

December 24, 2023 | 5:49 pm

RIVN

TSLA

Ross Gerber, a Tesla investor and CEO of Gerber Kawasaki Wealth and Investment Management, expressed boredom with his Tesla Model Y and has replaced it with a Rivian R1S SUV. Despite this, Gerber remains a Tesla fan and his firm holds Tesla as its largest position with shares worth about $100 million. His decision to switch to Rivian was partly influenced by Elon Musk's controversial support for a post, which Musk later apologized for. Gerber's comments highlight the competition in the high-end EV market in Los Angeles.

Portfolio Pulse from Anan Ashraf

December 24, 2023 | 5:13 pm

BLK

BTCUSD

Cryptocurrency expert DonAlt warns that the potential approval of a spot-based Bitcoin ETF could lead to a 'sell-the-news' event, causing a significant drop in Bitcoin's value. Despite a 164% surge in market capitalization in 2023, DonAlt predicts a temporary rally followed by a correction of up to 30%. However, he suggests that firms like BlackRock Inc. might support Bitcoin's price post-ETF approval. The ETF decision is expected by Jan. 10 and could cause a 'demand shock' in the market.

Portfolio Pulse from Rounak Jain

December 24, 2023 | 4:55 pm

CAG

Slim Jim's custom Nissan Z, known as Fast Meat and valued at $115,000, was recovered near Chicago after being reported stolen. The car, which features unique Slim Jim branding and snack dispensers, belongs to Conagra Brands Inc (NYSE:CAG). It was stolen on its way to Los Angeles for a video shoot. Conagra launched a #Findfastmeat campaign to locate it. The vehicle was found with its custom graphics and interior intact, and Conagra confirmed the theft was genuine.

Portfolio Pulse from Anan Ashraf

December 24, 2023 | 4:21 pm

NIO

Chinese EV maker Nio Inc (NYSE:NIO) has unveiled the ET9 executive sedan, priced over $100,000, entering the luxury EV market. The ET9 is set to compete with luxury hybrids like Porsche's Panamera E-Hybrid and Mercedes Benz's Maybach S580e, but as a pure electric vehicle. Nio plans to start ET9 deliveries in Q1 2025, with pre-sales already underway in China. Additionally, Nio aims to expand its infrastructure with 1000 new battery swap stations and 20,000 chargers in 2024. Despite a net loss in Q3, Nio's vehicle deliveries increased by 75.4% year-on-year.

Portfolio Pulse from Anan Ashraf

December 24, 2023 | 1:07 pm

AAPL

GOOG

GOOGL

TCEHY

Alphabet Inc. considered changing Google Play's fee model to avoid regulatory scrutiny but decided against it, fearing multi-billion dollar losses. Documents from the Epic Games antitrust lawsuit revealed Project Everest, which assessed alternative billing models. Google feared significant revenue loss with the proposed changes, opting instead for a model allowing developers to handle payments for a reduced fee. The Epic lawsuit also highlighted Google's app store duopoly with Apple Inc., which is under threat due to legal challenges and regulatory scrutiny.

Portfolio Pulse from Rounak Jain

December 24, 2023 | 12:53 pm