Tesla delivered a record 405,278 new cars over the three months ending in December, which is up +31.5% year-over-year and +18.1% higher from the prior quarter. However, the figure was below analysts’ original expectations of around 450,000 (although the estimate was lowered over the past month following reports of a week-long shutdown at the electric carmaker's Shanghai factory). Deliveries...
Signals from Pattern Search Engine Tickeron is bringing high-powered Artificial Intelligence (A.I.) technology to the retail investment community that, in our opinion, rivals the technology and approach used at major Wall Street firms. The Ph. D founders of Tickeron have spent several years researching and building an Artificial Intelligence-based search engine that allows active investors to...
The Hershey Company has been sued by a consumer in the U.S. for allegedly selling dark chocolates containing harmful levels of lead and cadmium. Christopher Lazazzaro, who has filed a class action complaint at a federal court in Central Islip, New York, alleged that Hershey put out “deceptive and misleading” advertising and marketing campaign since it failed to disclose the amounts of lead...
Amidst concerns over softening demand for Tesla Inc.’s vehicles and CEO Elon Musk’s rocky rule at Twitter so far, Wedbush analyst Daniel Ives laid out his list of 10 things for a turnaround in sentiment in 2023 around Tesla shares Ives’ 10-pointer list includes the following: Musk naming a CEO for Twitter by January-end. Musk pausing his Tesla stock sales, and formally adopting a plan for...
Morgan Stanley initiated coverage on Akili Inc. with a rating of Equal Weight and a price target of $2 on the stock. According to the analyst, the digital medicine company’s product EndeavorRx could generate more than $200 million in peak sales in ADHD. EndeavorRx got marketing authorization from the FDA in mid-2020 as a medical device for patients aged 8-12 with ADHD, and a commercial launch...
Rosenblatt analyst Andrew Bond initiated coverage of Galaxy Digital Holdings Ltd. with a Buy rating and a C$6.30 price target. Galaxy operates in digital asset, cryptocurrency, and blockchain technology industry, and is involved in segments such as Trading, Asset Management, Investment Banking, and Mining. According to Bond, Galaxy Digital has a business model that can withstand volatility...
The U.S. Food and Drug Administration (FDA) approved TG Therapeutics Inc's Briumvi – a monoclonal antibody for treating patients with relapsing forms of multiple sclerosis (RMS). Briumvi is the first and only anti-CD20 monoclonal antibody approved for RMS that can be administered in a one-hour infusion following the first dose. The approval by the FDA may help offset the headwind to the...
MingZhu Logistics Holdings Ltd. announced a $34 million agreement with Xinjiang Tianfu Yitong Supply Chain Management Co, Ltd. (“Tianfu”), where the companies will partner in establishing a long-term transportation relationship. The agreement is expected to allow MingZhu’s transportation and logistics expertise to handle the transportation of bulk coal cargo between Tianfu Yitong’s operations...
Alzamend Neuro Inc .has partnered with the Miller School of Medicine, Interdisciplinary Stem Cell Institute at the University of Miami for its Phase 1/2A trial of ALZN002. ALZN002 is a patented immunotherapy method using a mutant-peptide sensitized cell as a cell-based therapeutic vaccine to combat Alzheimer’s. On October 5, Alzamend announced the addition of healthy adult subject to its...
Freight Technologies, Inc., which offers a real-time portal for B2B cross-border shipping and domestic shipping within the USMC region, now supports cross-border logistics requirements for a global electric-electronic equipment company. The equipment company has eighteen different factories and distribution centers across the U.S. and Mexico. Freight Technologies’ wholly owned subsidiary,...
Apple Inc. shares fell -3.1% to close at $126.04 -- a new 52-week low -- on Wednesday, on concerns over iPhone sales (although inching up + 0.5% in today’s pre-market trading session). The company’s stock is down more than -30% year-to-date. Several analysts have cut their price targets on the stock in recent times. On December 20, JP Morgan’s Samik Chatterjee lowered the price target to $190...
Tesla Inc. shares climbed on Wednesday, after Cathie Wood-led ARK Investment Management purchased another 25,000 shares of the EV maker at an estimated valuation of over $2 million. Since mid-December, Wood’s funds have loaded up over 232,000 shares of Tesla. The company’s shares comprise the fifth largest holding of ARK’s flagship fund, the ARK Innovation ETF with a weight of 6% and has the...
Elon Musk says Twitter should "feel faster" now, hours after users after complained about the site not functioning properly in #TwitterDown trend on the microblogging platform. Musk shared on Twitter that "significant" backend server architecture has been introduced to tackle the issue, as users experienced trouble with login and malfunctioning on the platform. In November, Twitter users...
Target launched the post-Christmas clearance sale, called 'The Target Clearance Run,' which runs through the year-end. The sale includes discounts of up to 50% on items such as toys, sleepwear, and beauty and lifestyle products. It also offers deals such as buy-one-get-one-50%-off on board games, a $15 gift card for those who spend $50 on household cleaning products like tissues, paper...
U.S. airline stocks plunged on Wednesday, following health officials’ indication that travelers from China will require a negative Covid test before entering the U.S. The testing directive will include travelers coming directly from China as well as those who visited the nation ten days before their departure to the U.S. Health officials will ask for either a negative antigen or PCR test. The...
Tesla temporarily halted production in its Shanghai factory on December 24, one day before the planned date to suspend vehicle assembly at this site. According to a Reuters report, the electric carmaker planned to pause production in Shanghai for a week, between December 25 and January 1. While the company has not provided any official reasons for this temporary halt, it is likely that the...
Comcast customers were hacked, as reported by the BleepingComputer. "Starting on December 19th, many Xfinity email users began receiving notifications that their account information had been changed. However, when attempting to access the accounts, they could not log in as the passwords had been changed," the website mentioned. "After regaining access to the accounts, they discovered they had...
An internal Federal Aviation Administration survey revealed concerns among some inspectors about the agency’s approach to overseeing Southwest Airlines Co., according to a Wall Street Journal report. In the survey, around three-quarters of respondents mentioned that the culture in the FAA’s Dallas-area office that oversees Southwest hasn’t improved in recent years, following concerns...
Apogee Enterprises, Inc. posted adjusted earnings of $1.07 for third-quarter fiscal 2023, exceeding the Zacks Consensus Estimate of 98 cents (according to Zacks Equity Research). The figure was 63 cents per share in the year-ago quarter. Revenues rose +10.2% from the year-ago quarter to $368 million, topping the Zacks Consensus Estimate of $355 million (according to Zacks Equity Research)...
Centogene incurred a net loss of -€11.9m for the second quarter, which was wider by -48% compared to 2Q 2021. On a per-share basis, loss was -€0.44 (vs. - €0.37 loss in the year-ago quarter). Revenue plunged -78% year-over-year to €11.2m in the quarter, missing analysts’ estimates by 3.1%...