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DOGEUSD

LDOUSD

MKRUSD

SHIBUSD

Pepe (CRYPTO: PEPE) has surged 40% in a week, outperforming other meme coins like Dogecoin, Shiba Inu, and Dogwifhat. Traders predict further gains for Pepe, with significant bullish momentum and increased transaction volumes. Venture capital firm Nascent has swapped its Maker position for Pepe and Lido DAO, sparking optimism about Pepe's future price movements.

Portfolio Pulse from Khyathi Dalal

July 16, 2024 | 6:35 pm

ANGO

CMND

RDDT

SCHW

SILO

TKLF

U.S. stocks traded mostly higher with the Dow Jones surging over 650 points. Morgan Stanley reported better-than-expected Q2 results. Silo Pharma, Yoshitsu Co., and AngioDynamics saw significant stock price increases, while Reddit, Charles Schwab, and Clearmind Medicine experienced declines.

Portfolio Pulse from Avi Kapoor

July 16, 2024 | 6:31 pm

BMWYY

VWAGY

EU nations are divided over the imposition of tariffs on Chinese electric vehicles (EVs). The European Commission has imposed provisional tariffs of up to 37.6% and is considering input from member states. France, Italy, and Spain support the tariffs, while Germany, Finland, and Sweden abstained. The Commission may consider reduced tariffs for BMW and Volkswagen models made in China.

Portfolio Pulse from Nabaparna Bhattacharya

July 16, 2024 | 6:16 pm

FSTA

WMT

XLP

Walmart Inc. (NYSE:WMT) shares are trading at $70.14, up 0.73%. Evercore ISI Group raised the price target from $73 to $74. The workers' union in Chile canceled a strike, extending the labor agreement by 18 months. Walmart opened a new perishable distribution center in Lancaster, Texas. The Chinese Ministry of Commerce held talks with Walmart's CEO about economic ties and operations in China.

Portfolio Pulse from Nabaparna Bhattacharya

July 16, 2024 | 6:07 pm

Zoom Video Communications Inc (NASDAQ:ZM) experienced a meteoric rise during the COVID-19 pandemic, with its stock value increasing by almost 900% in a year. However, security issues and misrepresentation of encryption practices led to a significant decline in stock value and a class-action lawsuit. In October 2023, Zoom settled the lawsuit by agreeing to pay $150M to affected investors. Despite improvements in security, Zoom faces stiff competition from Microsoft Teams and Google Meet.

Portfolio Pulse from Stan Vick

July 16, 2024 | 5:58 pm

ANGO

AngioDynamics Inc (NASDAQ: ANGO) reported a smaller-than-expected adjusted EPS loss for Q4 2024 and beat sales estimates. The company announced a $15 million stock repurchase program and provided an optimistic outlook for fiscal year 2025, expecting net sales to grow by 4.2%-6.4% year over year. ANGO shares rose 25.6% following the news.

Portfolio Pulse from Vandana Singh

July 16, 2024 | 5:51 pm

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NVO

SNY

The U.S. Senate will review Novo Nordisk's decision to discontinue its long-acting insulin Levemir by the end of 2024. This move has raised concerns among lawmakers and experts about the impact on diabetes patients. Novo Nordisk, along with Eli Lilly and Sanofi, controls the U.S. insulin market and has recently agreed to cut insulin prices by up to 75% starting in 2024.

Portfolio Pulse from Vandana Singh

July 16, 2024 | 5:49 pm

BAC

Bank of America (NYSE:BAC) reported better-than-expected quarterly results, attributing success to effective expense management and digital transformation, including the use of AI. CEO Brian Moynihan highlighted the role of AI in enhancing operational efficiency and customer service, particularly through the AI-powered financial assistant 'Erica'. The positive earnings report and future guidance led to a 5.65% increase in BAC shares.

Portfolio Pulse from Adam Eckert

July 16, 2024 | 5:48 pm

SMG

Scotts Miracle-Gro's U.S. Consumer Business is focusing on growth opportunities at emerging touchpoints and expects $150 million in supply chain cost savings over the next three years. The company aims for an average annual net sales growth of 3% from fiscal 2025 through fiscal 2027.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 5:32 pm

AMAT

Deep-pocketed investors have shown significant interest in Applied Materials (NASDAQ:AMAT) through unusual options activity, with a mix of bullish and bearish sentiments. The trading activity suggests a price target range of $135.0 to $280.0. Analysts maintain a positive outlook with price targets ranging from $275 to $300.

Portfolio Pulse from Benzinga Insights

July 16, 2024 | 5:32 pm