Alpha Growth (OTC:ALPGF) Stock, Quote.Headers.trade-ideas

Alpha Growth PLC is a financial advisory company that provides advice and consultancy services to existing institutional and prospective holders of Senior Life Settlements (SLS). It offers advisory services, strategies, performance monitoring, and analytical services to existing and prospective holders of SLS Assets, mainly through acquisition strategies, performance monitoring, and analytical services. The company provides advisory services to the SPVs and the corporate finance adviser engaged for the bond issue and acquisition.

Alpha Growth PLC

VBFC

Trading Halt: Halted at 7:55:00 a.m. ET - Trading Halt: Halt News Pending

WIIM

ALTM

AMLI

Shares of lithium companies are trading higher after China Central Bank announced a new stimulus package.

SCCO

TECK

Shares of copper stocks are trading higher after China Central Bank announced a new stimulus package.

Google&#8217;s parent Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) are joining forces to launch an AI assistant for drivers, leveraging Google&#8217;s advanced technology.
What Happened: Alphabet is teaming up with Volkswagen to introduce an AI assistant for drivers, Reuters reported on Tuesday.
The AI assistant, integrated into a smartphone app, will help Volkswagen drivers with tasks such as changing a flat tire or understanding dashboard indicators. It utilizes Google&#8217;s Gemini large language models and cloud computing capabilities.
Google Cloud CEO Thomas Kurian highlighted the technical challenges overcome to achieve multimodality, which allows the AI to process text, images, and videos. 
Kurian stated, "Most people think what we built is a speech-to-text translation system that then looks up a manual. Absolutely not."
The AI assistant is currently free for approximately 120,000 owners of Volkswagen's Atlas and Atlas Cross Sport models. It will expand to other Volkswagen models from 2020 onwards by early next year.
See Also: <a href="https://www.benzinga.com/government/24/09/40972034/elon-musk-responds-as-california-congressman-slams-bureaucratic-roadblocks-for-spacex-program-agenci?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Responds As California Congressman Slams Bureaucratic Roadblocks For SpaceX Program: &#8216;Agencies &nbsp;Need To Prioritize Enabling Launches And Not Standing In Their Way&#8217;</a>
Corporate adoption of generative AI could significantly impact the cloud computing market, where Google ranks third behind Amazon.com and Microsoft Corp. Google's cloud segment generated $33 billion in revenue in 2023, contributing to its overall $307 billion revenue.
Why It Matters: This collaboration marks another significant step for Volkswagen in integrating advanced AI technologies into their vehicles. Earlier this year, Volkswagen announced the <a href="https://www.benzinga.com/news/24/06/39453539/volkswagen-integrates-openais-chatgpt-into-new-infotainment-systems-for-all-electric-id-models">integration of OpenAI's ChatGPT</a> into its new-generation infotainment systems, including models in the all-electric ID family. This integration allows drivers to use AI for various tasks, enhancing the overall driving experience.
However, this partnership comes at a crucial time for Volkswagen. The company is facing significant challenges, including potential plant closures due to underutilization and increased competition from Chinese automakers. According to a recent report, Volkswagen&#8217;s crisis is a<a href="https://www.benzinga.com/markets/24/09/40958654/volkswagens-crisis-is-the-reflection-of-europes-automotive-struggles"> reflection of the broader struggles</a> within Europe's automotive industry. The industry is grappling with global competition and a declining market share.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40976555/elon-musk-shares-it-takes-multiple-fish-licenses-to-launch-a-rocket-i-dont-think-the-public-is-quite?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Shares It Takes &#8216;Multiple Fish Licenses&#8217; To Launch A Rocket: &#8216;I Don&#8217;t Think The Public Is Quite Aware Of The Madness That Goes On,&#8217; Says SpaceX CEO</a></li>
</ul>
Photo by Gyuszko-Photo on Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

News

Tech

General

GOOG

GOOGL

VWAGY

Google And Volkswagen Team Up To Launch AI Assistant That Can Even Change A Flat Tire

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/09/23/final-trades-leidos-holdings-western-union-and-walmart.html">Halftime Report Final Trades</a>,&#8221; Stephen Weiss of Short Hills Capital Partners named Leidos Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) as <a href="https://www.benzinga.com/quote/LDOS/news">his final trade.</a>
On Sept. 18, Leidos said Tina Jonas has been appointed to the company&#8217;s board of directors, effective Sept. 25. 
&#8220;Tina Jonas brings extensive defense and aerospace leadership experience in both government and industry to the Leidos Board of Directors,&#8221; said Leidos CEO Tom Bell. &#8220;Her insights will be invaluable as we work to support our critical customer missions and our nation&#8217;s warfighters. We&#8217;re confident her contributions will help continue to drive innovation and growth for our organization, and we&#8217;re honored to welcome her to the board.&#8221;
Jenny Harrington of Gilman Hill Asset Management said The Western Union Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WU#NYSE">WU</a>) has an 8% dividend yield.
On July 30, Western Union reported worse-than-expected second-quarter adjusted EPS results. Western Union reported quarterly earnings of 44 cents per share, which missed the analyst consensus estimate of 45 cents per share. The company reported quarterly sales of $1.066 billion, which beat the analyst consensus estimate of $1.060 billion.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joseph M. Terranova of Virtus Investment Partners picked Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>).
On Sept. 23, Melius Research analyst Karen Short initiated coverage on Walmart with a Buy rating and announced a price target of $95. Walmart is reportedly sweetening its pay-by-bank feature in Walmart Pay, allowing customers to pay directly from their checking accounts rather than debit cards, with transactions instantly reflected <a href="https://www.benzinga.com/markets/equities/24/09/40945833/walmart-to-offer-pay-by-bank-feature-for-online-transactions-with-launch-in-2025">in their bank accounts.</a>
Price Action:
<ul>
<li>Leidos gained 1.7% to close at $159.68 during Monday's session.</li>
<li>Western Union shares gained 2% to settle at $11.98 on Monday.</li>
<li>Walmart shares gained 1.6% to close at $80.33 on Monday.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/news/24/09/40980672/top-3-financials-stocks-that-may-plunge-in-september">Top 3 Financials Stocks That May Plunge In September</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Long Ideas

Markets

Media

Trading Ideas

LDOS

Walmart, Leidos And A Financial Stock: CNBC's 'Final Trades'

Wedbush analyst David Chiaverini downgrades First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>) from Outperform to Neutral and lowers the price target from $2450 to $2150.

Downgrades

Price Target

Analyst Ratings

FCNCA

Wedbush Downgrades First Citizens BancShares to Neutral, Lowers Price Target to $2150

BABA

BIDU

BILI

DADA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TCOM

TIGR

XPEV

YUMC

Shares of US-listed Chinese companies are trading higher after China Central Bank announced a new stimulus package.

SNOW

Snowflake shares are trading lower after the company announced a $2 billion private placement of senior convertible notes.

Gates Capital Management beneficially owns approximately&nbsp;9.6%, of Vista Outdoor, Inc.

VSTO

Vista Outdoor Shareholder Gates Capital Management Reiterates Intention To Vote Against Proposed Sale Of The Kinetic Group To CSG

Wedbush analyst David Chiaverini downgrades First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) from Outperform to Neutral and lowers the price target from $20 to $17.

Wedbush Downgrades First Horizon to Neutral, Lowers Price Target to $17

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Nikola Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>)</h3>
<ul>
<li>On Aug. 19, Nikola announced it entered into a securities purchase agreement and filed for a mixed shelf offering. The company's stock fell around 35% over the past month and has a <a href="https://www.benzinga.com/quote/NKLA">52-week low of $4.78</a>.</li>
<li>RSI Value: 26.27</li>
<li>NKLA Price Action: Shares of Nikola fell 5% to close at $4.78 on Monday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1">latest NKLA new</a>s. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="906" height="833" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24043112/image-180.png" alt="" class="wp-image-562575" style="width:672px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24043112/image-180.png 906w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24043112/image-180-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24043112/image-180-768x706.png 768w" sizes="(max-width: 906px) 100vw, 906px" /></a></figure>
<h3 class="wp-block-heading">SES AI Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>)&nbsp;</h3>
<ul>
<li>On Sept. 17, SES AI announced a collaboration with NVIDIA, Crusoe and Supermicro on AI for scientific initiative to accelerate material discovery in electric transportation. &#8220;AI is changing everything. Our AI for Manufacturing, AI for Safety, and AI for Science models are accelerating the commercialization, time to revenue, and profitability of Li-Metal for EV and UAM,&#8221; said Qichao Hu, CEO of SES AI. The company's stock fell around 48% over the past five days. It <a href="https://www.benzinga.com/quote/SES">has a 52-week low</a> of $0.66.</li>
<li>RSI Value: 21.33</li>
<li>SES Price Action: Shares of SES fell 13.4% to close at $0.66 on Monday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1"> trend in SES stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24043126/image-181.png" alt="" class="wp-image-562576" style="width:671px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24043126/image-181.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24043126/image-181-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24043126/image-181-768x702.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure>
<h3 class="wp-block-heading">Flyexclusive Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLYX#NYSE">FLYX</a>)</h3>
<ul>
<li>On Sept. 4, Volato Group, Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) disclosed an agreement with flyExclusive, Inc. to transition the management of its fleet operations to flyExclusive.. The company's shares fell around 41% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/FLYX">low of $2.29</a>.</li>
<li>RSI Value: 18.61</li>
<li>FLYX Price Action: Shares of Flyexclusive fell 33.6% to close at $2.29 on Monday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1"> breakout in FLYX shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="895" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24043152/image-182.png" alt="" class="wp-image-562577" style="width:671px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24043152/image-182.png 895w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24043152/image-182-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24043152/image-182-768x719.png 768w" sizes="(max-width: 895px) 100vw, 895px" /></a></figure>
<h3 class="wp-block-heading">Jet.AI Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>)</h3>
<ul>
<li>On Aug. 19, Jet.AI disclosed that Executive Chairman and Interim CEO Michael Winston Exchanged 4,076,288 Merger Consideration Warrants For 4,130,503 Shares Of Common Stock.. The company's shares lost around 45% over the past month. The company's 52-week low is $0.10.</li>
<li>RSI Value: 24.74</li>
<li>JTAI Price Action: Shares of Jet.AI fell 4.5% to close at $0.11 on Monday.</li>
<li>Benzinga Pro's earnings calendar was used to track upcoming<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1"> JTAI earnings reports. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="912" height="610" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24043230/image-183.png" alt="" class="wp-image-562578" style="width:611px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24043230/image-183.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24043230/image-183-300x201.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24043230/image-183-768x514.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
Read Next:<a href="https://www.benzinga.com/markets/24/09/40991631/jim-cramer-says-this-utilities-stock-is-a-buy-we-need-cheap-power"> </a>
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<li><a href="https://www.benzinga.com/markets/24/09/40991631/jim-cramer-says-this-utilities-stock-is-a-buy-we-need-cheap-power">Jim Cramer Says This Utilities Stock Is A Buy: &#8216;We Need Cheap Power&#8217;</a></li>
</ul>

Pre-Market Outlook

FLYX

JTAI

NKLA

SOAR

Top 4 Industrials Stocks Which Could Rescue Your Portfolio This Quarter

Wedbush analyst David Chiaverini upgrades Regions Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) from Neutral to Outperform and raises the price target from $23 to $28.

Upgrades

Wedbush Upgrades Regions Finl to Outperform, Raises Price Target to $28

HOOK

Hookipa Pharma Says It Will Present Preclinical Data Related To The HB-700 Program For The Treatment Of KRAS Mutated Cancers

Apple Inc. co-founders Steve Jobs and Steve Wozniak&nbsp;along with their friend John Draper,&nbsp;also known as Captain Crunch, used a device known as a blue box&nbsp;to prank the Vatican.
What Happened: Jobs, Wozniak, and Draper found a way to manipulate the phone system using a blue box, a device used for phone phreaking, and used to call various places around&nbsp;the world.
The blue box allowed users to make free long-distance calls by mimicking the tones used by telephone operators, essentially hacking the phone system.
One of their boldest pranks involved a call to the Vatican, where they impersonated the then-U.S. Secretary of&nbsp;State Henry Kissinger.
Recalling the prank, Wozniak, in an interview, said, &#8220;I said, &#8216;Well, I&#8217;m Henry Kissinger with Richard Nixon at the summit meeting in Moscow, and we&#8217;d like to speak to the Pope.'&#8221;
At the time, the head of the Catholic church was Pope Paul VI.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Steve Wozniak on busting Apple myths and prank calling Kissenger - The Feed" width="500" height="281" src="https://www.youtube.com/embed/qBWY5dZ_huM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40973399/apples-former-design-maestro-jony-ive-confirms-hes-joined-forces-with-openais-sam-altman-for-a-new-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple&#8217;s Former Design Maestro Jony Ive Confirms He&#8217;s Joined Forces With OpenAI&#8217;s Sam Altman For A New AI Hardware Project</a>
He later jokingly said, &#8220;I &nbsp;told the Pope &#8216;I&#8217;m just calling to make a confession,&#8221; however, Wozniak must have been joking about this part because in a separate interview Jobs said that they never got to speak with the Pope.
In a 1975 interview, Jobs recalled the time they pranked the Vatican saying, &#8220;They actually sent someone to wake up the Pope when finally we just burst out laughing and they realized that we weren&#8217;t Henry Kissinger and so we never got to talk to the pope.&#8221;
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Steve Jobs - The Lost Interview" width="500" height="281" src="https://www.youtube.com/embed/TRZAJY23xio?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Their interest in the blue box was sparked by an Esquire article Wozniak read&nbsp;the day before starting classes&nbsp;at Berkeley in the fall&nbsp;of 1971.
The article described a network of anonymous technical people, known as phone phreaks, who were outsmarting phone companies.
Inspired, Wozniak called his friend Jobs, and the duo began their journey into the world of phone phreaking.
Wozniak and Jobs purchased analog&nbsp;tone generator kits and attempted to build their own blue box. However, they soon realized that the analog circuits were imprecise, <a href="https://www.theatlantic.com/technology/archive/2013/02/the-definitive-story-of-steve-wozniak-steve-jobs-and-phone-phreaking/273331/">noted</a> The Atlantic, citing an excerpt from Phil Lapsley&#8217;s&nbsp;Exploding the Phone.
Wozniak then decided&nbsp;to build a digital blue&nbsp;box using&nbsp;the chips used to build&nbsp;computers. By early 1972, Wozniak had his design worked out and successfully tested it with Jobs.
Wozniak and Jobs eventually met with Captain Crunch, who taught them more about blue boxing techniques.
According to a&nbsp;New Atlas <a href="https://newatlas.com/collectibles/rare-wozniak-jobs-blue-box-phone-phreaking-device-auction/">article</a>&nbsp;from October 2020, one of the original circuit boards hand-made by Wozniak for the first iteration of &#8220;Blue Box&#8221; in 1972 was auctioned.
The blue box was the first collaboration between Wozniak and Jobs, with the pair selling between 40 and 100 blue boxes at $170 each before almost being caught by the police and shutting the business down.
This venture, although short-lived and illegal, marked the beginning of their partnership, which eventually led to the founding of Apple Computer.
Image via Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40972869/jeff-bezos-backed-perplexity-ai-in-discussion-with-marriott-and-nike-as-it-prepares-to-challenge-to?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos-Backed Perplexity AI In Discussion With Marriott And Nike As It Prepares To Challenge To Google&#8217;s Dominance</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Steve Jobs And Steve Wozniak Once Pranked The Pope By Pretending To Be Henry Kissinger: 'I'm Just Calling To Make A Confession,' Said One Apple Co-Founder

ZVRA

Zevra Therapeutics Says It Will Present Top-Line Data From Phase 2 Clinical Trial Of KP1077 For Idiopathic Hypersomnia; Adds KP1077 Demonstrates Clinically Meaningful Benefits For Key IH Symptoms

Biotech

Health Care

Wave Life Sciences Announced Interim Data From Ongoing Phase 2 FORWARD-53 study of WVE-N531 For Duchenne Muscular Dystrophy Who Are Amenable To Exon 53 Skipping, Showing Substantial Dystrophin Expression And That It Was Safe And Well Tolerated

CRDL

Cardiol Therapeutics Says Achieved Target Patient Enrollment Of 100 Patients In ARCHER Phase II Randomized, Double-blind, Placebo-controlled Trial

Morgan Stanley analyst Stephen Byrd maintains Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) with a Overweight and maintains $35 price target.

Morgan Stanley Maintains Overweight on Sunrun, Maintains $35 Price Target

An issue weighing on swing state voters is the challenge of rental affordability. Many <a href="https://www.benzinga.com/real-estate/24/05/38949118/swing-state-housing-prices-could-sway-2024-election">continue to grapple with housing costs</a> that stretch their budgets to the breaking point.
Recent data issued by Redfin finds that the typical swing state renter now earns about 17% less than needed to comfortably afford the median-priced apartment. While this is an improvement from the 21% shortfall seen during the last election cycle, it highlights the ongoing struggle many face in securing affordable housing.
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The Redfin analysis examined rental markets in swing states, including Arizona, Nevada, Wisconsin, Michigan, Pennsylvania, Georgia and North Carolina.
Arizona improved most among the findings. Renters in the Grand Canyon State have seen gains in affordability since 2020, with the income gap shrinking from 12.4% to just 2.6%. That move has been attributed to a 32.2% increase in median renter household income, outpacing the 18.9% rise in median asking rents.
Not all swing states have fared as well, though.&nbsp;
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
Michigan is the sole swing state where rental affordability has worsened since the last election. The typical renter household now earns 16.3% less than needed for comfortable housing costs, deteriorating from the 11.2% shortfall in 2020. According to Redfin, the decline is partly due to a sharp 12.4% jump in asking rents over the past year, the steepest increase among the swing states.
Pennsylvania, meanwhile, has the most challenging renter landscape. With the highest median asking rent ($1,747) among the swing states and one of the lowest estimated median renter household incomes ($49,168), Pennsylvanians face a 29.6% income shortfall when it comes to affording the typical apartment.
Chief Economist at Redfin, Daryl Fairweather, said there is a disconnect between economic indicators and lived experiences. &#8220;While the economy has been improving on paper, that&#8217;s not what it feels like for many U.S. families,&#8221; Fairweather said in the report. &#8220;Many renters – especially young people – still feel the rent is too damn high.&#8221;
Trending: Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US.<a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital"> Investing in its booming real estate market has never been more accessible.</a>
That sentiment could play an important role in shaping voter priorities as candidates crisscross battleground states. Their plans to address the housing affordability crisis will likely face scrutiny from voters feeling the pinch of high rental costs.
While the current landscape shows signs of improvement, the average swing state renter still spends about 36% of their income on housing – above the 30% threshold widely considered the benchmark for affordability. The figure has come down from nearly 39% during the last election cycle.
Experts point to the pandemic-era building boom as a factor in tempering rent increases. The surge in apartment supply has put downward pressure on rents in some markets, with Arizona seeing a notable 4.6% decline in asking rents over the past year.
As the election approaches, the gap between incomes and rental costs could be a potent force in <a href="https://www.benzinga.com/real-estate/24/05/39112751/home-values-in-swing-states-may-swing-the-2024-presidential-vote">shaping the political landscape of America&#8217;s swing states</a>.
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Real Estate

Swing State Renters Still Struggling, But Earning 17% Less Is An Improvement From 2020

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is priming for more gains on Tuesday after the stock erased its losses for the year with a nearly 5% jump on Monday.
The catalyst that is potentially offering support on Tuesday is data out of China that showed that insured registered for Tesla vehicles remained healthy for the recent reporting week. The metric came in at 13,800 for the week of Sept. 16-22, down 11.54% from 15,600 in the previous reporting week, CnEVPost <a href="https://cnevpost.com/2024/09/24/china-ev-insurance-registrations-week-ending-sept-22-2024/">reported, </a>citing data from Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>).
See Also: <a href="https://www.benzinga.com/money/how-to-buy-tesla-stock">How To Buy Tesla (TSLA) Stock</a>
Commenting on the number, Future Fund&#8217;s Gary Black said the performance has come despite a two-day Mid-Autumn Festival national holiday. Through 12 weeks, third-quarter deliveries are up 18.5% year-over-year and 19.9% higher than the previous quarter, he said. &#8220;Still on track for TSLA China's best quarter ever,&#8221; he added.
The stock could gain more until the third-quarter delivery report, likely due next Wednesday, with potential upward revision by sell-side analysts due to China&#8217;s strength providing additional support.
In premarket trading, Tesla rose 1.16% to $252.90, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a> For the year, the stock is now up about 0.6%.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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Image via Unsplash

TSLA

Tesla Stock Poised For More Gains After Erasing Losses For The Year: What's Charging Up The EV Maker?

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