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META

TikTok is adding group chats to its platform, allowing users to create and join group chats with up to 32 people. This move positions TikTok as a competitor to popular messaging services like Meta's WhatsApp and Apple's Messages. The feature includes safety measures for teens and the ability to create custom stickers in DMs.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:04 pm

DOGEUSD

SHIBUSD

Dogecoin (DOGE) and Shiba Inu (SHIB) are experiencing mixed signals with potential bullish trends. Dogecoin is trading in a falling channel with a pending golden cross, while Shiba Inu saw a significant movement of 137.7 billion SHIB to Binance. Despite volatility, 73% of Dogecoin holders are in profit, and Shiba Inu's large transaction volume surged by 127.2%.

Portfolio Pulse from Khyathi Dalal

August 12, 2024 | 6:04 pm

MSFT

UPWK

Upwork has integrated OpenAI's technology across its operations, product development, and team productivity. This includes new AI-powered features like Job Post Generator, Upwork Chat Pro, Proposal Tips, and Best Match insights. Upwork has also launched Uma, an AI companion, and implemented fraud detection using GPT-4o. Additionally, Upwork team members are using ChatGPT Enterprise for various tasks, and the platform has created resources to connect freelancers skilled in OpenAI technologies with clients.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 5:48 pm

MSFT

Krafton has acquired Tango Gameworks and the Hi-Fi Rush IP from Xbox, ensuring the continued development of the game studio. This acquisition comes after Microsoft's decision to close several Bethesda studios, including Tango Gameworks. Krafton plans to collaborate with Xbox and ZeniMax to ensure a smooth transition and maintain continuity at Tango Gameworks.

Portfolio Pulse from Franca Quarneti

August 12, 2024 | 5:48 pm

NOW

Financial giants have shown a bullish interest in ServiceNow (NYSE:NOW) through significant options trades. Analysis reveals a mixed sentiment with a focus on a price range between $550 and $850. The stock is currently trading at $804.91, down by 0.76%, with an average analyst price target of $887.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 5:45 pm

COHR

LSCC

Coherent Corp (NYSE:COHR) received an upgrade from BofA Securities analyst Vivek Arya, who raised the stock rating from Neutral to Buy and increased the price target to $75. Arya expects significant growth driven by Coherent's AI optical transceiver business and operational improvements under new CEO Jim Anderson. The stock is trading higher on this news.

Portfolio Pulse from Anusuya Lahiri

August 12, 2024 | 5:44 pm

CHDN

Churchill Downs Inc (NASDAQ: CHDN) received an upgrade from Bank of America analyst Shaun C. Kelley, who raised the price target from $145 to $155. The upgrade is driven by strong organic growth, a promising development pipeline, and the upcoming opening of a new gaming resort in Northern Virginia. Kelley believes Churchill Downs can achieve sustainable double-digit growth, setting it apart from its peers.

Portfolio Pulse from Chris Katje

August 12, 2024 | 5:43 pm

LLY

NVO

Studies suggest that GLP-1 agonists like Novo Nordisk's Ozempic and Eli Lilly's Zepbound may reduce cancer risks, in addition to treating obesity and diabetes. Early research indicates these drugs could lower the risk of several obesity-related cancers, including breast, colon, liver, and ovarian cancers.

Portfolio Pulse from Vandana Singh

August 12, 2024 | 5:37 pm

ON

Recent options trading activity for ON Semiconductor (NASDAQ:ON) indicates significant market interest, with large trades suggesting a price range between $35.0 and $75.0. Analysts have mixed ratings, with price targets ranging from $75 to $90. The stock is currently trading at $70.02, down 1.8%, with neutral RSI indicators.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 5:31 pm

BTDR

Bitdeer Technologies Group (NASDAQ: BTDR) reported a net loss of $17.7 million for Q2 2024, an improvement from a $40.4 million loss in Q2 2023. Revenue increased to $99.2 million, driven by self-mining operations, despite challenges from the last Bitcoin halving. Gross profit and adjusted EBITDA also saw significant improvements.

Portfolio Pulse from Murtuza Merchant

August 12, 2024 | 5:17 pm