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DOT

SOL

TRX

Solana Saga phones have sold out due to the inclusion of a free Bonk memecoin airdrop with each purchase. The phones, originally priced at $599, fetched up to $5,000 on eBay. The demand was driven by a 800% surge in Bonk's value over the last 30 days. Solana-based projects like Solend are also offering airdrops to Saga phone holders, indicating broader interest beyond the Bonk memecoin.

Portfolio Pulse from Mehab Qureshi

December 18, 2023 | 8:19 am

SPY

The S&P 500 and Dow Industrials have shown strong performance in 2023, with gains of about 23% and record-breaking sessions, respectively. Tech stocks, particularly mega-caps, have led the rally, with the Nasdaq 100 Index surging over 51%. The SPDR S&P 500 ETF Trust (SPY) has increased by approximately 25% year-to-date. The market's buoyancy is attributed to expectations of the Federal Reserve pausing rate hikes, which began in September 2023, and potential rate cuts in 2024. A $1,000 investment in SPY before the Fed paused rate hikes would now be worth $1,065, a 6.5% return over three months.

Portfolio Pulse from Shanthi Rexaline

December 18, 2023 | 8:17 am

AAPL

Beeper's services, which enable iMessage on Android and other platforms, have faced another significant outage affecting over 60% of its users. Apple Inc. (NASDAQ:AAPL) has been blocking the method used by Beeper to provide these services, leading to repeated disruptions. The latest outage began on Dec. 17, and there is no clear timeline for a resolution. This continues the ongoing conflict between Apple and Beeper over the latter's iMessage for Android solution.

Portfolio Pulse from Benzinga Neuro

December 18, 2023 | 7:47 am

EME

ENZ

HEI

JOB

QIPT

HEICO Corporation is expected to report earnings of $0.68 per share on revenue of $898.25 million after market close. EMCOR Group announced executive changes with Mark A. Pompa and R. Kevin Matz stepping down by April 1, 2024, and Jason R. Nalbandian being named as new CFO. GEE Group is anticipated to report earnings of $0.02 per share on revenue of $40.36 million. Enzo Biochem reported a Q1 loss of $0.13 per share, improving from a loss of $0.22 per share year-over-year. Quipt Home Medical is set to announce Q4 financial results on December 18, 2023.

Portfolio Pulse from Avi Kapoor

December 18, 2023 | 7:46 am

XPEV

Xpeng Inc. (NYSE:XPEV) has announced a limited-time discount of RMB 10,000 ($1,400) on its G6 SUV starting Dec. 18, following a previous price cut on the P7i sedan. The G6's price reduction and a 24-term zero-interest loan option aim to boost sales amid a plateau in growth and increasing competition in China's EV market. Despite a downturn in the Hong Kong stock market and divestment concerns, Xpeng reported a 25% year-on-year sales growth in Q3 FY23 and a record delivery of over 20,000 vehicles in November.

Portfolio Pulse from Benzinga Neuro

December 18, 2023 | 7:41 am

COST

HEI

JOB

QIPT

The CNN Money Fear and Greed index indicated a slight decline in market sentiment but remained in the 'Greed' zone. The Dow Jones rose, marking gains for the seventh consecutive week. Costco Wholesale Corporation's shares hit a record high after reporting strong Q1 earnings. The S&P 500 saw mixed sector performance, with IT and consumer discretionary stocks rising. Investors are looking forward to earnings from HEICO Corporation, GEE Group Inc., and Quipt Home Medical Corp.

Portfolio Pulse from Avi Kapoor

December 18, 2023 | 7:16 am

IPHA

Innate Pharma has announced that CEO Mondher Mahjoubi will depart in January 2024 to join a large pharmaceutical company. Co-founder Hervé Brailly will serve as interim CEO, while Irina Staatz-Granzer will become Chairwoman of the Supervisory Board.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 7:10 am

BMWYY

HMC

KARS

MZDAY

POAHY

TSLA

Consumer Reports' annual survey on auto brand reliability did not feature any U.S. automakers in the top ten, with Toyota (TM) and its Lexus brand leading the list. BMW's Mini, Honda's Acura and Honda, Subaru, Mazda (MZDAY), Porsche (POAHY), BMW, and Hyundai's Kia were also in the top ten. U.S. brands like General Motors' Buick (GM), Tesla (TSLA), and Ford (F) trailed behind, with Tesla ranking 14th. The survey also noted that hybrids had fewer problems than ICE vehicles, while PHEVs and EVs, including electric pickup trucks, had more issues. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) closed down 0.55%.

Portfolio Pulse from Shanthi Rexaline

December 18, 2023 | 6:44 am

MBGAF

TSLA

A Mercedes-Benz dealership in Texas distributed printed copies of a CNN article about a Tesla Autopilot recall to its customers. The recall, announced by the NHTSA, led to Tesla issuing a software update to address the issues. Mercedes-Benz's action highlights the competition with Tesla and its active pursuit of EV market share. Tesla's OTA update solution for the recall has been criticized by some as misleading. Despite this, Tesla remains a strong investment in the EV industry, according to Gary Black of Future Fund.

Portfolio Pulse from Benzinga Neuro

December 18, 2023 | 6:25 am

SHIBUSD

Shiba Inu (SHIB) experienced a significant token burn over the weekend, with 8.6 billion SHIB tokens burned in six transactions, resulting in a 727,000% spike in burn rate. The SHIB team member Lucie reported the burn and hinted at more to come, with lead developer Shytoshi Kusama emphasizing the importance of global adoption for impactful burns. Shibarium transactions have increased, with an average of 7.5 million daily transactions since December 2. Cryptocurrency analyst Ali Martinez suggests a potential breakout for SHIB if it maintains the support level at $0.0000103. Currently, SHIB is trading at $0.000010, down 8% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 18, 2023 | 6:01 am