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On Monday, major U.S. indices closed positively with the Dow Jones, S&P 500, and Nasdaq all seeing gains. The top trending stocks were Chewy, Apple, Marathon Digital, McDonald's, and Tesla. Chewy's stock dipped after Keith Gill disclosed a 6.6% stake. Apple shares rose following a positive analyst rating. Marathon Digital surged due to a rebound in Bitcoin prices. McDonald's shares fell amid a tech-driven shift in the restaurant industry. Tesla's shares climbed as investors anticipated an update on quarterly sales.

Portfolio Pulse from Benzinga Neuro

July 02, 2024 | 2:06 am

BTCUSD

DOGEUSD

ETHUSD

NVDA

Leading cryptocurrencies like Bitcoin, Ethereum, and Dogecoin remained rangebound as investors anticipate the impact of Mt. Gox's coin distribution. Bitcoin must reclaim $64K for bullish sentiment, according to analysts. The Nasdaq Composite and S&P 500 saw gains, driven by AI stocks like NVIDIA.

Portfolio Pulse from Aniket Verma

July 02, 2024 | 1:58 am

AAPL

MSFT

NVDA

PLTR

Wedbush analyst Dan Ives highlights Nvidia's significant impact on the tech sector, stating that every dollar spent on Nvidia chips generates $8-$10 in the rest of the industry. He remains bullish on tech stocks, comparing the current situation to the tech boom of 1995. Ives also mentions Apple, Microsoft, and Palantir as key players in the AI revolution.

Portfolio Pulse from Ananya Gairola

July 02, 2024 | 1:39 am

TSLA

Ross Gerber, CEO of Gerber Kawasaki Wealth, has publicly requested Tesla Inc. to include Full Self-Driving (FSD) software in its $100,000 Cybertruck. This comes as Tesla is about to release its second-quarter delivery figures, which are anticipated to show a year-over-year decrease. Tesla's stock closed at $209.86, up 6.05% on Monday.

Portfolio Pulse from Benzinga Neuro

July 02, 2024 | 1:20 am

CCL

NCLH

RCL

Transport Secretary Pete Buttigieg expressed concern over the impact of Hurricane Beryl on transportation, particularly flights, amid a potentially active hurricane season. The hurricane is causing significant destruction in the Caribbean, affecting travel and leading to declines in shares of major cruise lines like Carnival Corporation, Royal Caribbean Cruises, and Norwegian Cruise Line Holdings.

Portfolio Pulse from Benzinga Neuro

July 02, 2024 | 1:14 am

AMZN

PFE

Amazon Web Services (AWS) is focusing on future AI challenges to deliver comprehensive tools for customers. AWS CEO Matt Garman emphasized the broad applications of AI beyond chatbots, highlighting services like safe AI application development and enterprise data indexing. Pfizer Inc. is using AWS's generative AI for drug discovery, potentially saving $1 billion this year. Amazon's extensive experience in cost-cutting and renewable energy positions it advantageously in the AI space.

Portfolio Pulse from Adam Eckert

July 01, 2024 | 9:47 pm

MSI

Motorola Solutions has acquired Sydney-based critical event management software provider Noggin. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 9:01 pm

COIN

HOOD

SONY

Cryptocurrency markets are trading higher with Bitcoin, Ethereum, and Dogecoin starting July in the green. Miner selling is reportedly subsiding. Notable developments include Robinhood's acquisition of Pluto Capital, DOJ's partnership with Coinbase, and Sony's entry into crypto. Bitcoin's key metrics show a decline, but open interest is at a weekly high. The SEC is suing Silvergate for securities fraud.

Portfolio Pulse from Khyathi Dalal

July 01, 2024 | 8:57 pm

LMND

Lemonade has renewed its reinsurance program with its existing partners, set to commence on July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:33 pm

HOOK

HOOKIPA Pharma has dosed the first person in its Phase 1b clinical trial of HB-500, a treatment for HIV. This marks a significant milestone in the company's efforts to develop innovative therapies for infectious diseases.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:32 pm