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AAL

DAL

LUV

UAL

United Airlines Holdings Inc (NASDAQ: UAL) and its pilots have reached a labor agreement that includes a cumulative 34.5% to 40.2% increase in pay raises. The agreement also includes significant updates to pilot compensation and improvements in quality of life, vacation, and other benefits. This follows similar labor agreements at Delta Air Lines, Inc (NYSE:DAL) and American Airlines Group Inc (NASDAQ:AAL). Southwest Airlines Co (NYSE:LUV) is also projected to hire approximately 8,000 pilots this year.

Portfolio Pulse from Bibhu Pattnaik

July 16, 2023 | 12:37 pm

JPM

WFC

This week's economic news includes Warren Buffett's solution for the US deficit, Paul Krugman's comments on June inflation, and Jamie Dimon's economic concerns. Major US banks, including Goldman Sachs, JP Morgan, and Wells Fargo, have written off $5bn in loans. Speculation about a rate hike has cooled as US producer inflation softens.

Portfolio Pulse from Benzinga Neuro

July 15, 2023 | 11:48 pm

AMZN

NKLA

PLCE

SOFI

Barron's weekend stock picks include Children's Place, AT&T, Amazon, SoFi Technologies, and Nikola Corp. Children's Place CEO purchased additional shares for $1 million. AT&T was downgraded by a JP Morgan analyst due to concerns about its wireless and fiber growth businesses. Amazon's stock is rising due to successful Prime Day sales. Analysts maintained a 'Buy' rating on SoFi Technologies. Nikola Corp announced a sale of 50 trucks to hydrogen producer BayoTech.

Portfolio Pulse from Justin Chan

July 15, 2023 | 8:33 pm

ARKK

NVDA

TWLO

Cathie Wood, in a recent interview, discussed Ark's investment strategy around Nvidia Corp. (NVDA) and Twilio, Inc. (TWLO). She explained that Ark started researching AI in 2014, leading to investments in Nvidia. However, Ark sold Nvidia stocks when they saw a brewing inventory problem. They re-invested in the fourth quarter when the stock price dropped. Wood also mentioned that Ark prefers Twilio over Nvidia due to its valuation and its unique position in business-to-consumer communications.

Portfolio Pulse from Shanthi Rexaline

July 15, 2023 | 1:45 pm

BTCUSD

Crypto influencer WendyO has called for a shake-up at the Securities and Exchange Commission (SEC), including the firing of Gary Gensler. She believes that the crypto industry needs better representation and that new laws and regulations should be shaped by people who understand the unique nature of crypto assets. WendyO also expressed concerns about traditional financial institutions like Fidelity filing for spot Bitcoin ETFs, warning that these institutions could force people to invest in traditional financial products and have third parties hold their coins.

Portfolio Pulse from Mehab Qureshi

July 15, 2023 | 11:48 am

ARKF

ARKK

ARKW

COIN

HOOD

META

Ark Invest, led by Cathie Wood, purchased $25.44 million worth of Meta Platforms Inc. (META) shares, while selling shares of Coinbase Global Inc. (COIN). The firm also bought shares of Robinhood Markets Inc. (HOOD). The transactions were made through Ark's ETFs ARKK, ARKW, and ARKF. Meta has been performing well in 2023, overcoming challenges faced in 2022, and is the second-best performer among S&P 500 companies this year.

Portfolio Pulse from Shanthi Rexaline

July 15, 2023 | 2:53 am

OPGN

Opgen Inc has filed for an offering of common stock, however, the size of the offering has not been disclosed according to a SEC filing.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 8:34 pm

MEDS

TRxADE HEALTH, Inc. (NASDAQ:MEDS) has amended its merger agreement with Superlatus, Inc. The new terms state that Superlatus shareholders will receive an aggregate of 30,821,941 shares of MEDS stock at $7.30 per share. This includes 136,441 shares of MEDS common stock and 306,855 shares of a new class of MEDS non-voting convertible preferred stock. Additionally, TRxADE will issue MEDS Rights to its shareholders, including independent directors, entitling them to one share of MEDS common stock at no cost.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 8:32 pm

LEN

Lennar Corporation (NYSE:LEN) announced the retirement of Rick Beckwitt, Co-CEO and Co-President, effective September 1, 2023. Beckwitt, who has been with Lennar for 17 years, will also resign from the Board of Directors. Stuart Miller will continue as Executive Chairman and will additionally become Co-CEO, leading Lennar in partnership with Jon Jaffe, Co-CEO and President.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 8:32 pm

EDRY

Eurodry Ltd. has filed for a mixed shelf offering of up to $200 million, according to Reuters.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 8:30 pm