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ELTX

HPK

KRP

The article reports on notable insider purchases of shares in three companies, suggesting confidence in their future prospects. Elicio Therapeutics, Inc. (ELTX) saw a 10% owner acquire over 1.2 million shares. Kimbell Royalty Partners, LP (KRP) had a director purchase 30,000 shares. HighPeak Energy, Inc. (HPK) CEO bought 150,442 shares. Insider buying can be a positive signal for investors, but should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 11:56 am

BTCUSD

GOOGL

Artificial intelligence (AI) has surpassed 'Bitcoin' and 'Crypto' as the most searched term on Google in 2023, with a significant increase in interest following the launch of OpenAI's ChatGPT. Despite Bitcoin's price recovery in 2023, it still deals with the aftermath of the 2022 bear market. The rise in AI searches also extends to job-related queries, with 'AI jobs' searches outpacing 'crypto jobs'. This trend reflects AI's growing prominence in daily life and may indicate a shift in public interest from cryptocurrencies to AI technology.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 11:55 am

EXPE

BTIG analyst Jake Fuller has reaffirmed a Buy rating on Expedia Group (NASDAQ:EXPE) and increased the price target from $150 to $175, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 11:54 am

FSR

Fisker Inc. (NYSE:FSR), an electric vehicle manufacturer, has announced the delivery of its first Fisker Ocean Sport electric SUV to a customer. The hand-over took place at the Fisker Lounge London location within the Westfield London mall.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 11:32 am

ALT

BITF

BTBT

BUR

CHRS

CIFR

HIVE

WULF

Coherus BioSciences, Inc. (NASDAQ:CHRS) shares surged 34.8% in pre-market trading after the FDA approved UDENYCA ONBODY for pegfilgrastim-cbqv. Other stocks showing pre-market gains include Burford Capital Limited (NYSE:BUR), TeraWulf Inc. (NASDAQ:WULF), Bitfarms Ltd. (NASDAQ:BITF), Bit Digital, Inc. (NASDAQ:BTBT), HIVE Digital Technologies Ltd. (NASDAQ:HIVE), Cipher Mining Inc. (NASDAQ:CIFR), and Altimmune, Inc. (NASDAQ:ALT). U.S. stock futures were slightly lower, with Dow Jones futures down about 5 points.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 11:08 am

BMWYY

BYDDY

MBGAF

BYD Company has received a conditional testing license for Level 3 autonomous driving on high-speed roads in China, marking progress in the EV maker's autonomous technology. This is the first such license granted in China since BYD's initial award in July. The development reflects the increasing competition among automakers in China's autonomous driving space, with BMW and Mercedes Benz also pursuing similar advancements. BYD's stock (OTC:BYDDY) closed higher by 1.27% at $53.38 following the news.

Portfolio Pulse from Shivani Kumaresan

December 27, 2023 | 10:57 am

RIVN

A Rivian Automotive Inc (RIVN) R1T owner has been waiting for eight months for repairs after an accident. The delay was due to a specialized diagnostic software requirement and further damage during the repair process. Despite this, Rivian delivered 15,564 vehicles in Q3 and reported a revenue of $1.337 billion, with a loss of $1.19 per share, beating estimates. The company aims for a positive gross profit by 2024 and is developing its R2 platform.

Portfolio Pulse from Anan Ashraf

December 27, 2023 | 10:13 am

FANH

PUYI

FANHUA Inc. (NASDAQ:FANH) and Puyi Inc. (NASDAQ:PUYI) have entered into share exchange agreements, where certain FANHUA shareholders will exchange shares for PUYI shares, resulting in mutual ownership stakes. The transaction is set to close on December 29, 2023, with FANHUA shareholders owning 76.7% of PUYI and PUYI owning 50.1% of FANHUA.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 9:40 am

GRCL

Piper Sandler analyst Joseph Catanzaro has downgraded Gracell Biotechnologies (GRCL) from Overweight to Neutral and set a price target of $10. The downgrade reflects a more cautious stance on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 9:31 am

BOTZ

OpenAI CEO Sam Altman has expressed a new perspective on interest rates in the context of abundant innovation, questioning what will happen to rates when there are more and better ideas than ever. Hedge fund Lumida Wealth and venture capital firm Aleph responded, suggesting higher rates could lead to better allocation of talent and innovation. Interest rates have fluctuated over the years, with the Fed recently initiating an aggressive rate-hike cycle. Cathie Wood of Ark Investment Management highlighted the potential for disruptive innovations to significantly boost global productivity and GDP growth. The Global X Robotics & Artificial Intelligence ETF (BOTZ) experienced a slight increase.

Portfolio Pulse from Shanthi Rexaline

December 27, 2023 | 9:21 am