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SQ

Block Inc (NYSE:SQ) CEO Jack Dorsey has expressed his support for open-source phones, acknowledging both their potential and drawbacks. He agreed with a Twitter user's perspective on the challenges of open-source phones, including subpar hardware specs, clunky firmware support, and the absence of the Android app ecosystem. Despite these challenges, Dorsey, a strong advocate of open-source technologies, believes that committed individuals can act as a balancing force.

Portfolio Pulse from Ananya Gairola

July 11, 2023 | 3:27 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw gains as the number of wallets holding at least one Bitcoin reached a record-breaking 1,008,737 million. Analysts suggest that this surge in decentralization within the network could lead to a 'big move' for Bitcoin. Standard Chartered has given Bitcoin a strong vote of confidence with a price target of $50,000 this year and $120,000 for 2024. However, the timeline for the next Bitcoin bull run is estimated to be about eight months.

Portfolio Pulse from Mehab Qureshi

July 11, 2023 | 2:53 am

CVNA

TSLA

Carvana Co (NYSE:CVNA) reported that its EV unit sales have grown by 786% over the last five years, with Tesla Inc (NASDAQ:TSLA) topping the list of bestsellers for the third year in a row. The Model 3 is the most popular used EV on Carvana due to its low prices. Tesla's strategy of lowering prices on its vehicles has boosted sales and driven better-than-expected delivery numbers. Tesla represents three of the top six bestselling EVs on Carvana's platform.

Portfolio Pulse from Adam Eckert

July 10, 2023 | 10:13 pm

SYK

Stryker (NYSE:SYK) has outperformed the market over the past 20 years by 3.24% on an annualized basis, producing an average annual return of 11.0%. If an investor had bought $1000 of SYK stock 20 years ago, it would be worth $8,024.46 today.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 9:31 pm

VRTX

Vertex Pharmaceuticals (NASDAQ:VRTX) has outperformed the market over the past 20 years, producing an average annual return of 17.01%. If an investor had bought $1000 of VRTX stock 20 years ago, it would be worth $22,123.31 today. The company currently has a market capitalization of $88.72 billion.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 9:31 pm

BLK

BTCUSD

XRPUSD

Ex-SEC head Jay Clayton stated that approval of a Bitcoin ETF could be a 'hard to resist' prospect, acknowledging the significant strides made in the digital asset space. He noted that a well-defined regulatory framework could make the approval of an ETF more likely. Leading financial firms including BlackRock Inc and Fidelity have recently lodged their Bitcoin ETF applications.

Portfolio Pulse from Murtuza Merchant

July 10, 2023 | 9:22 pm

LPG

Dorian LPG has reported the delivery of the 2023-built dual-fuel VLGC Cristobal under a long-term time charter. The company did not disclose the financial details of the deal.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 9:08 pm

LOW

Over the past 20 years, Lowe's Companies (NYSE:LOW) has outperformed the market by 4.34% on an annualized basis, producing an average annual return of 12.1%. If an investor had bought $1000 of LOW stock 20 years ago, it would be worth $9,735.29 today.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 9:00 pm

A

Agilent Technologies (NYSE:A) has outperformed the market over the past 10 years by 3.55% on an annualized basis, producing an average annual return of 13.68%. If an investor had bought $100 of A stock 10 years ago, it would be worth $358.96 today.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 9:00 pm

LMFA

A 13D filing has revealed that Richard Russell holds a 7.77% stake in LM Funding America.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 9:00 pm