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VANEX

Matthew Sigel, VanEck’s Head of Digital Assets Research, stated that cryptocurrency voters could influence the upcoming U.S. presidential election. He noted a shift in the regulatory environment with more Democrats supporting pro-crypto legislation. Sigel emphasized the importance of regulatory treatment of Ethereum and Solana, and criticized SEC Chair Gary Gensler's approach. He expressed optimism for the approval of digital asset ETFs with a slight regulatory shift.

Portfolio Pulse from Murtuza Merchant

July 03, 2024 | 1:57 pm

BYND

Beyond Meat's plant-based Beyond The Original Orange Chicken is returning to Panda Express starting July 3rd due to high demand. The dish will be available for a limited time.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 1:50 pm

HYMTF

Hyundai Motor Company and LG Energy Solution have launched Indonesia's first EV battery plant with a capacity of 10 GWh. They plan to invest up to $9.8 billion to develop an EV supply chain in Indonesia, leveraging the country's rich nickel and copper resources. The facility will support Hyundai's production of 50,000 Kona Electric SUVs annually.

Portfolio Pulse from Lekha Gupta

July 03, 2024 | 1:44 pm

HROW

LBPH

LLY

Three health care stocks, Harrow Inc (HROW), Longboard Pharmaceuticals Inc (LBPH), and Eli Lilly And Co (LLY), are currently overbought according to their RSI values, indicating potential short-term price declines. Despite recent gains, investors should be cautious.

Portfolio Pulse from Avi Kapoor

July 03, 2024 | 1:41 pm

NKLA

Nikola Corp (NASDAQ:NKLA) shares are trading higher after the company reported better-than-expected truck sales in the second quarter. The stock has gained momentum following the announcement, despite hitting all-time lows earlier this week. Analysts have mixed views on the stock, with some expecting significant gains.

Portfolio Pulse from Adam Eckert

July 03, 2024 | 1:37 pm

BLCV

HAPS

KOS

Kosmos Energy Ltd. (NYSE:KOS) has started oil production at the Winterfell development in the U.S. Gulf of Mexico, leading to a rise in its share price. The Winterfell project, in which Kosmos holds a 25.04% working interest, is expected to produce around 20,000 barrels of oil equivalent per day from its first three wells by Q3 2024. Kosmos recently reported strong Q1 earnings, beating both EPS and sales estimates. Investors can also gain exposure to Kosmos through ETFs like BlackRock Large Cap Value ETF (NYSE:BLCV) and Harbor Human Capital Factor US Small Cap ETF (NYSE:HAPS).

Portfolio Pulse from Lekha Gupta

July 03, 2024 | 1:30 pm

SOLUSD

The Joe Biden-inspired meme coin, Jeo Boden (CRYPTO: BODEN), has seen a significant drop of 95% from its highs, raising questions about its survival. Prominent crypto traders have highlighted the coin's poor performance, attributing it to Biden's age-related issues and the aftermath of the first presidential debate. The coin's current valuation stands at $30 million, with some traders planning to double down at a $24 million valuation.

Portfolio Pulse from Khyathi Dalal

July 03, 2024 | 1:26 pm

F

Ford reported selling a total of 44,180 electric vehicles (EVs) in the first half of the year. The company's second-quarter sales reached 536,050 units, marking a 1% year-over-year increase. The best-selling F-Series and vans led the sales, with hybrids growing by 56%.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 1:20 pm

BTDR

Bitdeer Technologies Group (NASDAQ: BTDR) announced its June 2024 production and operations update, highlighting significant achievements in Bitcoin mining, power capacity expansion, and ASIC development. The company mined 179 Bitcoin, expanded its global contracted power capacity to 2.5 GW, and made advancements in its SEALMINER technology roadmap.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 1:13 pm

BYDDY

TSLA

BYD is set to surpass Tesla in BEV sales by 2024, driven by strong growth in the Chinese market. BYD reported a 21% increase in EV sales in Q2, while Tesla's deliveries declined by 4.8%. The EU plans to impose additional tariffs on Chinese EV companies, which may push them towards emerging markets.

Portfolio Pulse from Nabaparna Bhattacharya

July 03, 2024 | 1:13 pm