Streetbeat News

Stock Prices

LATG

Chenghe Acquisition I Co. (formerly LatAmGrowth SPAC), trading as LATG on NASDAQ, has received a notice from Nasdaq for non-compliance due to delayed filings of its Form 10-Q for the periods ended June 30, 2023, and September 30, 2023. The company has 60 days to submit a compliance plan, with a possible extension of up to 180 days to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 7:16 am

AAPL

AMZN

GOOGL

MSFT

NVDA

TSLA

Elon Musk, CEO of Tesla, Inc. (TSLA), responded sarcastically to BCG's ranking of Tesla as the second-most innovative company of 2023, behind Apple, Inc. (AAPL). Musk highlighted Tesla's high rank despite not using BCG's services, implying a potential conflict of interest for other companies on the list that do. Tesla enthusiasts criticized BCG's rankings, citing Tesla's innovations and contrasting them with Apple's less significant updates. Other tech giants like Amazon (AMZN), Alphabet (GOOGL/GOOG), and Microsoft (MSFT) were in the top five, while SpaceX and Nvidia (NVDA) were outside the top 10.

Portfolio Pulse from Shanthi Rexaline

December 27, 2023 | 6:38 am

EMCG

Embrace Change Acquisition Corp. (EMCG) has received a notice from Nasdaq due to the late filing of its Form 10-Q. The company is required to submit a plan to regain compliance within 60 calendar days. If Nasdaq accepts the plan, EMCG may be granted up to 180 days from the Form 10-Q's due date to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 6:23 am

MMI

Marcus & Millichap (NYSE:MMI), a commercial real estate brokerage firm, announced the sale of Alta Cooley Station, a 248-unit multifamily property in Gilbert, Arizona, for $80 million. This equates to $322,581 per unit.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 6:05 am

BYDDY

TSLA

BYD Co., supported by Warren Buffett's Berkshire Hathaway, is set to surpass Tesla as the world's top EV seller this quarter. BYD's Q3 sales were close to Tesla's, and with its October and November sales, it's likely to exceed Tesla's projected Q4 sales. This shift highlights China's growing influence in the EV market and introduces a new competitive dynamic between Tesla and BYD. BYD is expanding globally, including a new base in Hungary, while Tesla is planning a major Model Y overhaul from its Shanghai plant.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 6:01 am

PRFX

PainReform Ltd. has reached an agreement for the immediate exercise of warrants to purchase up to 467,896 ordinary shares at a reduced price of $2.85 per share, which were originally issued at $9.00 per share in July 2023. This exercise is expected to generate approximately $1.3 million in gross proceeds for the company. The shares are registered and the closing of the offering is anticipated to occur around December 29, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 6:00 am

DOGEUSD

SHIBUSD

Shiba Inu's (CRYPTO: SHIB) burn rate surged by 1600% due to two significant transactions removing 131 million SHIB from circulation. A SHIB whale also moved $46 million worth of SHIB to an unidentified wallet. Shibarium, SHIB's layer-2 solution, has been handling over five million transactions daily, with 7.53 million in the last 24 hours. Despite this, over 58% of SHIB holders are facing losses, with SHIB trading down 1.16% at $0.000010.

Portfolio Pulse from Mehab Qureshi

December 27, 2023 | 5:06 am

TSLA

Wedbush analyst Daniel Ives maintains an Outperform rating on Tesla, Inc. (NASDAQ:TSLA) with a $350 price target, citing strong data from China and global price stabilization. Ives is optimistic about Tesla surpassing its Q4 delivery target, with China registrations indicating a potential record in quarterly deliveries. He also commends Tesla's strategic price cuts and anticipates 25%-30% year-over-year unit growth. Ives sees the supercharger network and FSD software as significant value drivers for Tesla's future.

Portfolio Pulse from Shanthi Rexaline

December 27, 2023 | 5:04 am

NTES

TCEHY

Shares of Tencent Holdings Ltd (OTC:TCEHY) and NetEase Inc (NASDAQ:NTES) rebounded after China's National Press and Publication Administration (NPPA) signaled a softer regulatory stance on gaming. Tencent's shares rose by 3% and NetEase's by 14% after the NPPA announced the approval of 105 new domestic online games, including titles from both companies. This comes after a draft regulation aimed at curbing in-game spending caused a sharp decline in gaming stocks. The NPPA's recent actions suggest continued support for the industry despite regulatory concerns.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 4:50 am

AAPL

MASI

Apple Inc. (AAPL) is appealing a sales ban on its smartwatches imposed by the U.S. International Trade Commission due to a patent dispute with Masimo Corp. (MASI). The White House declined to intervene, and Apple has stopped selling its Series 9 and Ultra 2 watches in its online store and U.S. retail outlets. Apple has submitted an emergency motion for a temporary suspension of the ban and released a software update to address the patent issue. The U.S. customs agency will decide on the approval of these changes on Jan. 12. The ban could cost Apple $300-$400 million in holiday sales.

Portfolio Pulse from Ananya Gairola

December 27, 2023 | 4:35 am