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FIXX

Homology Medicines Inc (NASDAQ:FIXX) announced initial data from its pheEDIT Phase 1 trial, showing positive results. However, due to the current financing environment and anticipated clinical development timelines, Homology will not be further developing its programs and will be reducing its workforce by 87%. The company has retained TD Cowen as its strategic financial advisor. These measures are expected to extend Homology's cash runway into 2026. As of March 31, 2023, Homology had approximately $150.0 million in cash, cash equivalents, and short-term investments. FIXX shares are up 23.40% at $1.16 during the premarket session on the last check Friday.

Portfolio Pulse from Vandana Singh

July 28, 2023 | 1:14 pm

XOM

Exxon's CEO has stated that the company's upcoming oil projects in Guyana have the potential to produce above their planned capacity.

Portfolio Pulse from Charles Gross

July 28, 2023 | 1:12 pm

SPY

The June report of the Personal Consumption Expenditure (PCE) price index shows a gradual decrease in price pressures across the economy. The Fed's preferred measure of underlying inflation fell to 4.1% YoY, slightly below economist projections of 4.2%. Concurrently, consumer spending increased 0.5% in June, exceeding estimates of a 0.4% gain. The SPDR S&P 500 ETF Trust (NYSE:SPY) achieved new yearly highs on Thursday, but fell 0.7% due to a surprising policy tweak by the Bank of Japan.

Portfolio Pulse from Piero Cingari

July 28, 2023 | 12:43 pm

SPY

USA personal spending for June increased by 0.5%, beating the estimated 0.4% and the prior 0.2%.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 12:34 pm

ETHUSD

SHIBUSD

USDCUSD

USDTUSD

Shiba Inu (SHIB) is the largest non-stablecoin token holding among the top 100 Ethereum (ETH) whales, despite the majority of SHIB investors currently facing losses. Only stablecoins USD Coin (USDC) and Tether (USDT) surpass SHIB in terms of whale investments. Data reveals that only 13% of SHIB holders are in profit, while 81% are in a loss.

Portfolio Pulse from Mehab Qureshi

July 28, 2023 | 11:57 am

CBZ

CWST

EFX

RTX

SKYX

The article lists the top 5 oversold stocks in the industrials sector, which are considered undervalued and present a buying opportunity. The stocks are Equifax Inc. (EFX), SKYX Platforms Corp. (SKYX), RTX Corporation (RTX), Casella Waste Systems, Inc. (CWST), and CBIZ, Inc. (CBZ). The companies' recent performances and RSI values are discussed.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 11:46 am

USO

XOM

Exxon Mobil's CEO, Darren Woods, anticipates record oil demand this year and the next, according to CNBC.

Portfolio Pulse from Charles Gross

July 28, 2023 | 11:44 am

AMAT

AMD

Advanced Micro Devices (AMD) plans to invest approximately $400 million over the next five years in India, including a new campus in Bangalore that will add around 3,000 new engineering roles by 2028. The new campus is expected to open before the end of 2023. The investment is backed by the Government of India. Other companies investing in India include Applied Materials (AMAT) and Micron Technology (MU).

Portfolio Pulse from Anusuya Lahiri

July 28, 2023 | 11:40 am

BMWYY

MBGYY

A cargo ship carrying Mercedes-Benz Group (OTCPK: MBGYY) and BMW (OTCPK: BMWYY) vehicles caught fire off the coast of the Netherlands. The cause of the fire is not yet confirmed, but it could be due to one of the electric vehicles onboard. The ship was carrying nearly 3,800 automobiles, 25 of which were electric.

Portfolio Pulse from Anan Ashraf

July 28, 2023 | 10:44 am

TSLA

Tesla's Giga Shanghai factory is demonstrating impressive production efficiency, producing one vehicle every 40 seconds, making it the largest in terms of output. The factory also offers a variety of meal choices for its employees, including international brands like Taco Bell, Burger King, and KFC, at half the prices outside the factory.

Portfolio Pulse from Benzinga Neuro

July 28, 2023 | 10:32 am