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Assets

SPY

UNG

The USA Natural Gas Storage reported a 72B figure, which is higher than the estimated 64B and the prior figure of 76B.

Portfolio Pulse from Happy Mohamed

July 07, 2023 | 2:30 pm

PWM

Prestige Wealth, Inc. (NASDAQ:PWM) shares have resumed normal trading after being halted to the upside on Friday. The company launched its IPO of 1,000,000 ordinary shares at a price of $5.00 per share. The proceeds from the IPO will be used for brand promotion, expansion of products and services, additional client relationship management and employees, and general working capital. The stock reached a high price of $13.41 during premarket trading on Friday and is currently trading over 70% higher.

Portfolio Pulse from Erica Kollmann

July 07, 2023 | 2:11 pm

IWB

SPY

June's nonfarm payrolls (NFPs) data came in at 209,000, missing expectations of 225,000 jobs, marking the lowest print since December 2020. The unemployment rate decreased to 3.6%, while average hourly wages showed a 0.4% month-over-month increase, surpassing expectations of 0.3%. Small-cap stocks in the iShares Russell 1000 ETF (IWB) rose 0.7%, outperforming large caps in the SPDR S&P 500 ETF Trust (SPY), which fell 0.1%. Economists suggest the data indicates a resilient labor market and could lead to further rate hikes by the Fed.

Portfolio Pulse from Piero Cingari

July 07, 2023 | 2:03 pm

AAPL

Apple (NASDAQ:AAPL) has outperformed the market over the past 10 years, producing an average annual return of 28.76%. If an investor had bought $100 of AAPL stock 10 years ago, it would be worth $1,271.46 today. The company currently has a market capitalization of $3.01 trillion.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 2:01 pm

LNG

Cheniere Energy (AMEX:LNG) has outperformed the market over the past 5 years, producing an average annual return of 18.48%. If an investor had bought $100 of LNG stock 5 years ago, it would be worth $230.17 today. The company currently has a market capitalization of $36.43 billion.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 2:00 pm

BTCUSD

ETHUSD

PEPEUSD

XECUSD

Bitcoin and Ethereum recorded losses, with Bitcoin remaining above $30,000 and Ethereum trading below $1,900. This follows the U.S. economy adding 209,000 jobs in June, the lowest reading since Dec. 2020. eCash was the top gainer over the prior 24 hours, while Pepe was the biggest loser. The global crypto market cap fell to $1.17 trillion, a 24-hour decline of 3.2%.

Portfolio Pulse from Lisa Levin

July 07, 2023 | 1:32 pm

AAPL

AVGO

BABA

CRON

DISH

EADSY

KKR

LVMHF

NVO

SBUX

SPOT

TSLA

TikTok plans to launch a new music streaming service in Brazil and Indonesia, posing a threat to Spotify. Cronos Group is considering a potential sale after attracting acquisition interest. DISH Network is considering merging with EchoStar Corp. Novo Nordisk has filed lawsuits against pharmacies for illegally selling products containing semaglutide. Alibaba's stock is trading higher amid reports of China looking to end its regulatory overhaul on Ant Group. Starbucks is being sued by the National Labor Relations Board for illegal termination. ChatGPT's website traffic and app downloads have declined. Zoom Video is planning to double its technology investments in the Asia-Pacific region. Broadcom is considering a major investment in Spain's semiconductor sector. Airbus delivered 72 airplanes to 48 customers in June. KKR is acquiring a majority stake in PangeaCo. Tesla is laying off some battery production workers at its Shanghai plant. LVMH-backed firm is considering an IPO of Birkenstock in the US market.

Portfolio Pulse from Vandana Singh

July 07, 2023 | 1:31 pm

BTCUSD

Blockworks, a media brand focused on crypto, has raised $12 million at a $135 million valuation. The funds will be used to expand the company and compete with major media outlets like the Wall Street Journal. Blockworks was co-founded by Jason Yanowitz and Michael Ippolito in 2018, initially focusing on hosting conferences before moving into digital media. The company has seen exponential growth throughout 2021, partly due to partnerships with entities like Bankless. The recent funding round included participation from 10T, Framework Ventures, and Santiago Santos.

Portfolio Pulse from Renato Capelj

July 07, 2023 | 1:23 pm

TORO

Toro Corp. (NASDAQ:TORO) has completed the sale of M/T Wonder Musica, a 2004-built Aframax/LR2 tanker, for $28.0 million. The company expects to record a net gain of $17.1 million from the sale in Q3 2023, excluding any transaction-related costs.

Portfolio Pulse from Happy Mohamed

July 07, 2023 | 1:06 pm

MDGS

Medigus subsidiary, Jeffs' Brands, intends to acquire a 50.01% interest in an AI marketing business, B24Chat. The move aims to enhance Jeffs' Brands' machine learning capabilities and upgrade its marketing and services performance. The investment is valued at $1M.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 1:03 pm