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London's High Court delivered a mixed ruling on Moderna's patents, fueling ongoing legal disputes between Pfizer, BioNTech, and Moderna over COVID-19 vaccine patents. The ruling invalidated one of Moderna's patents but upheld another, confirming infringement by Pfizer and BioNTech's Comirnaty vaccine. All parties are expected to appeal.

Portfolio Pulse from Vandana Singh

July 02, 2024 | 4:59 pm

CCOEY

Capcom ADR (OTC:CCOEY) has confirmed the development of Resident Evil 9, led by Koshi Nakanishi, the director of Resident Evil 7: Biohazard. This announcement adds to Capcom's busy year, which includes rumors of Resident Evil Zero and Code Veronica remakes, and other upcoming titles.

Portfolio Pulse from Franca Quarneti

July 02, 2024 | 4:50 pm

AAPL

NVDA

TLT

TSLA

The Supreme Court's ruling granting Trump broad immunity has led to a significant impact on the bond market, with falling bonds and rising yields. This ruling is interpreted as increasing the probability of Trump becoming the next president, which could lead to tax cuts, higher deficits, and sticky inflation. The news has mixed implications for stocks like Apple, Tesla, and Nvidia. Apple may be negatively impacted due to Trump's anti-China policies, Tesla may benefit from Trump's favor towards Musk but face challenges due to anti-EV stance and China production, and Nvidia may benefit from lesser regulation of AI.

Portfolio Pulse from The Arora Report

July 02, 2024 | 4:43 pm

BEEM

Beam Global (NASDAQ:BEEM) shares surged 15.6% to $5.05 after reporting a record $10.6 million in second-quarter new orders, a 128% year-over-year increase. The company expanded its government contracts and saw significant growth in its commercial business. Beam Global also shipped its first EV ARC™ systems to Europe and highlighted its strong financial position with no debt.

Portfolio Pulse from Henry Khederian

July 02, 2024 | 4:42 pm

HOOD

Robinhood Markets CEO Vlad Tenev announced that Robinhood Crypto is now available across the United States, with plans to expand globally.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 4:38 pm

NVDA

TSM

VTI

XLK

Nvidia Corp (NASDAQ:NVDA) is trading lower due to antitrust charges from French regulators. However, positive developments include increased capital expenditures by supplier TSMC and a $504 million funding package from the Biden administration to support technology hubs. Analysts remain optimistic about Nvidia's future demand.

Portfolio Pulse from Anusuya Lahiri

July 02, 2024 | 4:36 pm

LIF

Life360 (NASDAQ:LIF) has seen an 18% increase in its stock price since its IPO in June. Stifel analyst Mark Kelley initiated coverage with a Buy rating and a $37 price target, citing the company's OS-agnostic solutions and potential for user growth in core markets and new use cases like elderly care and auto insurance.

Portfolio Pulse from Priya Nigam

July 02, 2024 | 4:35 pm

AMZN

Amazon's international division is set to achieve profitability after years of losses, with analysts projecting significant operating profits for 2023 and 2024. The turnaround is attributed to improved logistics and cost-effective operations in key markets like Germany and the U.K.

Portfolio Pulse from Nabaparna Bhattacharya

July 02, 2024 | 4:30 pm

CMCSA

DIS

Disney's 'Inside Out 2' surpasses $1 billion at the global box office, marking a significant milestone. Analyst Jessica Reif Ehrlich from Bank of America praises Disney's content strategy under CEO Bob Iger and highlights upcoming releases like 'Deadpool & Wolverine,' 'Moana 2,' and 'Mufasa: The Lion King.' Disney's Experiences segment is also seen as a key long-term driver.

Portfolio Pulse from Chris Katje

July 02, 2024 | 4:28 pm

BOTZ

CSCO

IRBO

MSFT

NVDA

QQQ

ROBO

SPY

The recent surge in AI-related stocks has driven significant gains in major U.S. indices, but there are growing concerns about a potential bubble burst similar to the dot-com era. Key players like Nvidia, Microsoft, and Cisco are central to this rally, with Nvidia showing particularly high growth. However, tech stocks are currently more modestly valued compared to the dot-com peak.

Portfolio Pulse from Michael Juliano

July 02, 2024 | 4:19 pm