KraneShares Bosera MSCI China A 50 Connect Index ETF (ARCA: KBA)

KraneShares Bosera MSCI China A 50 Connect Index ETF (ARCA:KBA), Quote.Headers.trade-ideas

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Under normal circumstances, the fund will invest at least 80% of its total assets in securities of the underlying index and depositary receipts representing such securities. The underlying index reflects the large- and mid-cap Chinese renminbi-denominated equity securities listed on the Shenzhen or Shanghai Stock Exchanges (A Shares) that are accessible through the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect programs.

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KraneShares Bosera MSCI China A 50 Connect Index ETF

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China&#39;s central bank governor dismisses bond trading as monetary easing strategy as the Xi Jinping-led country battles economic concerns.

Chinese Central Bank Governor Dismisses Bond Trading As Monetary Easing Tool, Economists Note It Is A More Frequent Necessity

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$BTC

In a recent note, analysts at Bernstein have projected that the price of Bitcoin will surge to $500,000 by 2029, driven by the increasing demand for Bitcoin ETFs.

China Keeps Interest Rates Unchanged Amid Economic Uncertainty To Stabilize The Yuan And Manage Liquidity

Retail Sales

In April, China&#39;s retail sales growth decelerated while industrial activity remained robust, according to data released on Friday by the National Bureau of Statistics.

Warning For Chinese Economy? Shoppers Fail To Keep Pace With Factory Output

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By <a href="https://elplanteo.com/author/lucia-tedesco/" target="_blank" rel="noreferrer noopener">Lucía Tedesco</a> via <a href="https://elplanteo.com/lsd-perros-autismo-estudio/" target="_blank" rel="noreferrer noopener">El Planteo</a>
A recent <a href="https://onlinelibrary.wiley.com/doi/10.1002/advs.202402493">study</a> published in Advanced Science delves into what scientists call &#8220;interbrain activity coupling.&#8221; For many dog lovers, the idea that a glance or a touch could create a special connection with their pet isn&#8217;t new.
However, this research demonstrated for the first time that such interactions lead to an actual synchronization of brainwaves—a phenomenon previously observed mainly in human-to-human interactions.
<h2 class="wp-block-heading">LSD To Connect Autistic Dogs With Their Humans</h2>
The study was conducted with 10 beagles carrying a genetic mutation associated with autism (known as Shank3) and their respective humans. During the experiment, both dogs and humans wore EEG caps, allowing scientists to measure brain activity while they interacted.
According to the study, &#8220;<a href="https://elplanteo.com/lsd-la-guia-definitiva/">LSD</a> was administered intramuscularly at a single dose of 7.5 µg kg−1 bodyweight to each test dog. USP-grade saline (0.9% NaCl) was used as vehicle control. Only dogs were given LSD in the interacting dyads.&#8221;
The results were clear: when humans and dogs looked at each other or engaged in petting, their brainwaves aligned, particularly in regions associated with attention and social behavior.
See also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40887220/86-of-drug-researchers-admit-to-drug-use-nyu-study">86% Of Drug Researchers Admit To Drug Use: NYU Study</a>
"The strength, direction and attention-associated brain regions of the interbrain activity coupling during human-dog interactions are similar to those during human-human interactions,&#8221; the researchers stated, as <a href="https://healingmaps.com/researchers-gave-autistic-dogs-lsd-and-it-helped-them-connect-better-with-humans/">reported</a> by Healing Maps. However, this synchronization didn't occur in all the dogs, which led to a more controversial experiment: the use of LSD.
After receiving the substance, the dogs exhibited improved synchronization of brainwaves with humans and an increase in joint attention, a key behavior in social interactions.
Dr. Yong Q. Zhang, one of the study's authors, explained the implications of these findings: &#8220;One is that the disrupted inter-brain synchronization might be used as a biomarker for autism, and the other is LSD or its derivatives might ameliorate the social symptoms of autism.&#8221;
This article is from an external unpaid contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

Cannabis

Psychedelics

Scientists Gave LSD To Autistic Dogs: Mind-Blowing Brain Changes Deepened Connections With Humans

RBC Capital analyst Rishi Jaluria reiterates HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a Outperform and maintains $700 price target.

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HUBS

RBC Capital Reiterates Outperform on HubSpot, Maintains $700 Price Target

B. Riley Securities analyst Naved Khan initiates coverage on Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) with a Buy rating and announces Price Target of $75.

Initiation

RDDT

B. Riley Securities Initiates Coverage On Reddit with Buy Rating, Announces Price Target of $75

B. Riley Securities analyst Naved Khan initiates coverage on Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) with a Neutral rating and announces Price Target of $11.

SNAP

B. Riley Securities Initiates Coverage On Snap with Neutral Rating, Announces Price Target of $11

Raymond James analyst Patrick Tyler Brown maintains FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) with a Outperform and lowers the price target from $330 to $310.

Raymond James Maintains Outperform on FedEx, Lowers Price Target to $310

RBC Capital analyst Shagun Singh reiterates Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) with a Outperform and maintains $175 price target.

RBC Capital Reiterates Outperform on Johnson & Johnson, Maintains $175 Price Target

Raymond James analyst Brian MacArthur maintains Coeur Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) with a Market Perform and raises the price target from $6.25 to $7.

Raymond James Maintains Market Perform on Coeur Mining, Raises Price Target to $7

RBC Capital analyst Ben Hendrix reiterates Acadia Healthcare Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACHC#NASDAQ">ACHC</a>) with a Outperform and maintains $94 price target.

ACHC

RBC Capital Reiterates Outperform on Acadia Healthcare Co, Maintains $94 Price Target

Morgan Stanley analyst Alex Straton maintains Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) with a Equal-Weight and maintains $79 price target.

Morgan Stanley Maintains Equal-Weight on Nike, Maintains $79 Price Target

Guidance

MULN

Mullen Provides Update On $210M UAE Order, Delivers First EV Vehicles To Volt Mobility In Dubai With Plans For 3,000 More In 2025

Morgan Stanley analyst Tejas Savant maintains Thermo Fisher Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) with a Overweight and raises the price target from $655 to $680.

Morgan Stanley Maintains Overweight on Thermo Fisher Scientific, Raises Price Target to $680

RBC Capital analyst Kaan Peker reiterates Arcadium Lithium (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>) with a Outperform and maintains $3.1 price target.

ALTM

RBC Capital Reiterates Outperform on Arcadium Lithium, Maintains $3.1 Price Target

By <a href="https://roboforex.com/beginners/analytics/forex-forecast/?utm_source=benzinga.com&amp;utm_medium=pr&amp;utm_campaign=rf_en_external_article_20092024&amp;utm_content=analysis&amp;utm_term=forecast">RoboForex Analytical Department</a>
The AUD/USD pair has climbed to a new peak, reaching 0.6815, marking the highest level since 28 December of the previous year. This strength in the Australian dollar is partly due to the aggressive rate cuts by the US Federal Reserve, which has spurred expectations that other central banks might also ease monetary policies, enhancing the economic outlook and fuelling a rally in riskier assets.
This week, Australian employment data significantly outperformed expectations, showing a 47.5k increase in jobs for August, far exceeding the forecasted 25.0k. This robust job growth has kept the unemployment rate steady at 4.2%. Despite this positive economic indicator, the main expectation is that the Reserve Bank of Australia (RBA) will maintain its interest rate at the current level in its upcoming meeting, with analysts predicting no changes to monetary policy until at least December and possibly not until Q2 of next year. The RBA&rsquo;s cautious approach to inflation underscores its strategy of not taking decisive action until there is apparent necessity.
Given the current favourable risk environment, the AUD could reach even higher levels soon.
<h3>AUD/USD&nbsp;Technical Analysis</h3>
<a href="https://www.benzinga.com/files/u117641/audusdh4_17.png"><img alt="" src="https://www.benzinga.com/files/u117641/audusdh4_17.png" style="height:275px; width:624px" /></a>
The AUD/USD market is advancing in the fifth wave of growth towards 0.6855. This target will likely be reached soon, followed by a corrective movement to 0.6790, testing it from above. This could define the upper boundary of a new consolidation range. Should the pair break below this range, a further decline to 0.6736 might ensue, potentially signalling the start of a new downward trend towards 0.6640, with a continuation to 0.6590. The MACD indicator, currently at its highs and directed upwards, supports this bullish scenario in the short term.
<a href="https://www.benzinga.com/files/u117641/audusdh1_15.png"><img alt="" src="https://www.benzinga.com/files/u117641/audusdh1_15.png" style="height:275px; width:624px" /></a>
On the H1 chart, AUD/USD is forming a growth structure towards 0.6855. A short rise to 0.6848 is expected, followed by a slight decline to 0.6825. Upon completion of this minor correction, another growth phase towards 0.6855 is anticipated, which could exhaust the potential of the current growth wave. The Stochastic oscillator, with its signal line above 50 and pointing upwards, corroborates the likelihood of continued upward movement before any significant pullback.
Disclaimer
Any forecasts contained herein are based on the author&#39;s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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AUD/USD Reaches New Heights As Risk Sentiment Improves

Loop Capital analyst Anthony Chukumba reiterates Ollie's Bargain Outlet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) with a Buy and maintains $110 price target.

OLLI

Loop Capital Reiterates Buy on Ollie's Bargain Outlet, Maintains $110 Price Target

RBC Capital analyst Scott Heleniak maintains Arthur J. Gallagher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>) with a Outperform and raises the price target from $310 to $320.

RBC Capital Maintains Outperform on Arthur J. Gallagher, Raises Price Target to $320

TELUS Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tu#NYSE">TU</a>) is set to launch SmartEnergy, a unique solution designed to help customers save on energy bills and minimize their environmental impact, all through an easy-to-use app that offers attractive incentives on smart devices. This service is now accessible to all Canadians outside Quebec for C$12 per month, and new subscribers can get a smart thermostat and two smart plugs for a one-time fee of C$25, saving over C$250.
The SmartHome+ app leverages AI and real-time insights to help users automate their daily routines, track energy consumption and control all connected devices &mdash; new and existing &mdash; from one convenient interface, added TELUS.
Using TELUS&#39; SmartHome+ app, subscribers can connect compatible smart devices like thermostats and plugs to save up to 15% on energy bills through automated temperature adjustments, switching off unused devices and personalized routines. They can also monitor their energy consumption with insights over various periods, along with tips for maximizing savings. Additionally, subscribers can participate in energy-saving events that ease the load on the energy grid during peak times by automatically powering down devices or adjusting thermostat settings, all while earning TELUS Rewards for their contributions to sustainability.
TELUS plans to further expand the range of smart devices compatible with the SmartHome+ app to include EV chargers and home solar systems, enabling customers to access more savings while managing their home automation, security and Internet services easily. The company is also collaborating with Canadian utilities to support grid demand response programs, which are essential during extreme weather conditions that increase demand and may lead to shortages or outages.
<div class="chart_embed">
<h3>TELUS Corporation Price and Consensus</h3>
<img alt="TELUS Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/6a/1726755546.png" style="height:265px; width:574px" title="" />
TELUS Corporation price-consensus-chart | TELUS Corporation Quote
</div>
<h2>TELUS Focused on Driving Sustainability &nbsp;</h2>
TELUS actively supports environmental sustainability and is planting four trees annually for each SmartEnergy subscriber. Over the last two decades, the company has planted a total of 12.7 million trees and has remained dedicated to restoring forests for the benefit of both present and future generations.
The company aims to source 100% of its electricity from renewable or low-emission sources by 2025 and enhance energy efficiency by 50% by 2030 compared to 2019 levels. Its goal is to become a net carbon-neutral company by 2030 or sooner.
Earlier this month, the company joined forces with the Quebec Artificial Intelligence Institute, Mila, to advance artificial intelligence technology for societal good. This partnership will allow both organizations to explore cutting-edge AI innovations and assess their potential effects on various industries, benefiting customers in Canada. TELUS also holds the Outstanding Organization prize from the Responsible AI Institute for its dedication to fostering trust and benefiting society.
Vancouver, British Columbia-based TELUS is one of the leading telecom carriers in Canada (the largest in western Canada), with more than C$20 billion in annual revenues and 19 million customer connections. It provides wireless, wireline and Internet communications services for voice and data to businesses and consumers.
<h2>TU&#39;s Zacks Rank &amp; Stock Price Performance</h2>
TU currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 3.3% in the past year compared with the sub-industry&#39;s growth of 7.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/41/78493.jpg?v=1170747498" />
Image Source: Zacks Investment Research
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the broader technology space are Manhattan Associates, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/manh#NASDAQ">MANH</a>), ANSYS, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anss#NASDAQ">ANSS</a>) and American Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amswa#NASDAQ">AMSWA</a>). MANH presently sports a Zacks Rank #1 (Strong Buy), whereas ANSS &amp; AMSWA carry a Zacks Rank #2 (Buy) each.
Manhattan Associates delivered an earnings surprise of 26.6%, on average, in the trailing four quarters. In the last reported quarter, MANH pulled off an earnings surprise of 22.9%. The Zacks Consensus Estimate for MANH has increased 9.2% to $4.26 in the past 60 days.
ANSYS delivered an earnings surprise of 4.8%, on average, in three of the trailing four quarters. In the last reported quarter, ANSS pulled off an earnings surprise of 28.9%. It has a long-term earnings growth expectation of 6.4%.
American Software delivered an earnings surprise of 84.5%, on average, in the trailing four quarters. In the last reported quarter, AMSWA pulled off an earnings surprise of 71.4%. The Zacks Consensus Estimate for AMSWA has increased 8.6% to 38 cents in the past 60 days.
<a href="https://www.zacks.com/stock/news/2338734/telus-unveils-new-smartenergy-solution-to-boost-sustainability?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2338734">To read this article on Zacks.com click here.</a>

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TELUS Unveils New SmartEnergy Solution to Boost Sustainability

Shipping giants FedEx Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) and United Parcel Service, Inc.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) shares are trading lower Friday after FedEx reported worse-than-expected quarterly results and cut its <a href="https://www.benzinga.com/news/earnings/24/09/40948046/fedex-q1-earnings-revenue-miss-eps-miss-lowered-guidance-challenging-quarter">fiscal-year&nbsp;guidance on Thursday.&nbsp;</a>
The Details:
FedEx reported first-quarter revenue and earnings below analyst expectations following Thursday's closing bell. The company said its operating results fell during the "challenging quarter" due to lower U.S. domestic priority package volume and increased wage and purchased transportation rates.&nbsp;
Additionally, FedEx revised its full-year outlook lower with full-year 2025 revenue now expected to grow in the low single-digit range.&nbsp;
Read Next:<a href="https://www.benzinga.com/news/earnings/24/09/40948948/homebuilder-lennar-reports-better-than-expected-q3-results-details"> Homebuilder Lennar Reports Better-Than-Expected Q3 Results: Details</a>
Morgan Stanley analyst Ravi Shanker <a href="https://www.benzinga.com/quote/FDX/analyst-ratings">downgraded </a>FedEx stock from Equal-Weight to Underweight and lowered the price target from $215 to $200 following the print. Baird maintained its Outperform rating, but lowered the price target from $340 to $320.
Shipping-peer UPS's shares are moving lower Friday in sympathy with FedEx following the company's disappointing quarterly report and soft guidance. UPS will report its third-quarter results at the end of October.&nbsp;
<h3 class="wp-block-heading">Will FDX Stock Go Up? </h3>
When trying to assess whether or not FedEx will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $318.26 on FedEx. The Street high target is currently at $359 and the Street low target is $200. Of all the analysts covering FedEx, 16 have positive ratings, 2 have neutral ratings and one has a negative ratins.
In the last month, 6 analysts have adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/FDX/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering FedEx have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. FedEx is 19.09% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about FedEx, visit <a href="https://www.benzinga.com/quote/FDX">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
FDX, UPS Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, FedEx shares are down 13.2% at $260.92 and United Parcel Service shares are down 2.67% at $128.60 at the time of publication Friday. 
Read Also:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40944577/whats-going-on-with-bitcoin-miner-cleansparks-stock">What&#8217;s Going On With Bitcoin-Miner CleanSpark&#8217;s Stock?</a></li>
</ul>
Image: Shutterstock

Movers

Shipping Giants FedEx, UPS Stocks Slip Friday: What's Going On?

Editor&#8217;s Note: The article has been updated to reflect the correct company, Viking Holdings Ltd.
On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer recommended buying Viking Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>). &#8220;This is a really fine company, and it will do well for multiple years because they have many <a href="https://www.benzinga.com/quote/VKTX/news">ships coming in,&#8221; he added.</a>
On Sept. 11, JPMorgan analyst Hardik Parikh initiated coverage on Viking Therapeutics with an Overweight rating and a December 2025 price target of $80, which implies a potential 45% upside from its current price of $54.65.
Gentex Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) is &#8220;too closely related to autos, and autos have been hurt so bad. And I don't see a quick turn. We're going to need several Fed rate cuts before they turn,&#8221; Cramer said.
On July 26, the company reported second-quarter earnings per share of 37 cents, but it missed the street view of 52 cents. Quarterly sales of $572.93 million missed the analyst consensus of $622.79 million.
The Mad Money host said Cadre Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDRE#NYSE">CDRE</a>) is a &#8220;good simple story.&#8221;
On Aug. 9, Cadre Hldgs reported quarterly earnings of 31 cents per share which beat the analyst consensus estimate of 27 cents per share. The company reported quarterly sales of $144.31 million which beat the analyst consensus estimate of $142.05 million.
&#8220;Something's the matter with Celsius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>),&#8221; Cramer said. &#8220;I want to know what's wrong.&#8221;
On Sept. 19, Celsius Holdings appointed Hans Melotte to the company&#8217;s Board of Directors.
Price Action:
<ul>
<li>Viking shares gained 5.8% to settle at $68.16 on Thursday.</li>
<li>Gentex shares gained 1.8% to close at $29.82 during the session.</li>
<li>Cadre shares gained 2.4% to close at $37.36 during Thursday's session.</li>
<li>Celsius shares fell 0.6% to settle at $34.07 on Thursday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40948972/coinbase-global-electronic-arts-and-2-other-stocks-executives-are-selling">Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Media

CDRE

CELH

GNTX

Jim Cramer: Viking Has 'Many Ships Coming In' (CORRECTED)

R1T, the first electric pickup to hit the road, was the showpiece that launched Rivian Automotive (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>). But considering that the&nbsp;R1S SUV&nbsp;became the signature vehicle Rivian got known for, launching the world&rsquo;s first electric pickup wasn&rsquo;t enough to launch Rivian among the EV stars. Even Ford Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) couldn&rsquo;t repeat its F-150 best-selling success on the EV front. Not to mention the EV king, Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>), who&nbsp;successfully launched the Cybertruck after quite a bit of delays, only to face a new set of challenges. Even Tesla ended up short on the electric pickup front, with Cybertruck sales being pale compared to Model Y and Model 3. To sum it up, SUVs won against pickups in the EV race. For now.
Putting it simply, a larger EV means a less efficient EV. To move around, a heavier vehicle needs more energy and therefore, huge batteries. Rivian somewhat solved this equation with R1T&nbsp;that has the range option of&nbsp;420 miles, but it requires a huge and expensive battery pack. Stellantis N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>) is claiming its all-electric Ram 1500 REV pickup will outperform its competitors with range, towing, payload, and charging times.&nbsp;Scheduled to arrive to dealerships early next year, this will be Ram&rsquo;s first electric pickup.&nbsp;2025 1500 REV&nbsp;will come with two battery options, resulting in targeted ranges of&nbsp;350-miles and up to 500 miles.&nbsp;This means Stellantis will leave behind not only Rivian, but also the pickup king, Ford and its 2024 Lightning, whose extended range of 320 miles, and the EV king, Tesla, whose Cybetruck has en estimated driving range of 340 miles. However, it&rsquo;s no secret that Stellantis is also struggling, both in North America and in Europe, with Chinese EV makers setting up shop as they continue to expand their global footprint. But, despite challenges and weak results for the first half of the year, including a profit dive of 48%, Stellantis is not giving up. Earlier this month, it revealed its plans to invest $406 million to retool three Michigan plants for EV production. But also, it is slowing down as a week ago, it decided to pause the production of electric Fiat 500 model for four weeks, with the plant in Turin will undergo a significant transformation, involving an investment of &euro;100 million, being equipped for developing a hybrid version of the model. Therefore, Stellantis is yet to fulfill its electric pickup promise.&nbsp;
<h3>The Good News Is That All Electric Pickups Just Got Some Solar Power</h3>
Meanwhile, Worksport Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wksp#NASDAQ">WKSP</a>), an innovative maker of hybrid and clean energy solutions for light trucks and global consumer goods, just initiated the Alpha Launch of its solar-power duo that pickups can greatly benefit from. Its off-grid power on the go duo consists of SOLIS solar-powered tonneau cover and COR mobile battery power generator. Worksport is planning to bring this innovative system to market in three phases, beginning with the Alpha release, followed by the Beta release and ultimately, a full-scale market launch. The initial Alpha release of its cutting-edge nano-grid system has officially been initiated, with Worksport announcing that approximately 100 systems have been set for rigorous testing and public exposure.&nbsp;Worksport already revealed that the SOLIS will be available for major truck brands including Ford, General Motors Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) and the Hyundai Motor Company (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hymtf#OTC">HYMTF</a>). In addition, Worksport revealed earlier this month successful lab test results of the portable COR battery system as a range extender for Tesla, namely its Model 3 and Cybertruck.
Therefore, the above examples show that as technologies improve and economies of scale emerge, electric pickups will be in a much more favorable position in the future.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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HYMTF

RIVN

STLA

TSLA

WKSP

Electric Pickups Just Got Some Solar Power To Ease Their Struggles

WIIM

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KraneShares Bosera MSCI China A 50 Connect Index ETF

Overview

KraneShares Bosera MSCI China A 50 Connect Index ETF (ARCA:KBA), Quote.Headers.trade-ideas