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The movies 'Barbie' and 'Oppenheimer' set box office records over the weekend, with 'Barbie' grossing $155 million domestically and 'Oppenheimer' grossing $81 million. 'Barbie' was released by Warner Bros. Discovery and Mattel Inc, while 'Oppenheimer' was released by Comcast Corp's Universal unit. The strong performance of both movies could impact the stocks of Warner Bros. Discovery, Mattel Inc, Comcast Corp, and Imax Corporation, which played 'Oppenheimer' on its screens. AMC Entertainment Holdings and Cinemark Holdings also reported strong results following the weekend.

Portfolio Pulse from Chris Katje

July 24, 2023 | 6:48 pm

HALO

HC Wainwright has initiated coverage on Halozyme Therapeutics Inc (NASDAQ:HALO) with a Buy rating and a price target of $61. The analysts highlight the potential of Halozyme's Enhanze technology in the $41.7 billion U.S. infusion therapy market. They also note the company's commercial product portfolio obtained through the acquisition of Antares Pharma and the development of drug-device combination products.

Portfolio Pulse from Vandana Singh

July 24, 2023 | 6:36 pm

Needham analyst Laura Martin reiterated a Buy rating on Outbrain Inc. (NASDAQ:OB), raising the price target to $6.50 from $5.50. Martin projects a larger total addressable market for Outbrain, banking on the new Onyx platform. The Onyx platform is expected to attract new clients and command a premium revenue share. For Q2, the analyst expects revenues of $55 million. For FY23, Martin projects OB's revenues to grow 0.9% Y/Y to $237 million, with an EPS loss of ($0.18). FY24 revenues are projected to grow 15.6% to $274 million, with EPS of $0.03.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2023 | 6:22 pm

MSFT

SPLK

Splunk Inc's user conference showcased advancements in AI and a strategic collaboration with Microsoft. The event highlighted a change of pace from last year, with a greater number of product announcements and increased internal R&D innovation. Analysts from Needham and JMP maintained a Buy and Market Perform rating respectively, despite expressing caution about Splunk's overall competitive positioning. SPLK shares are trading lower by 1.29% at $103.12.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 6:07 pm

NVDA

VUZI

Vuzix has tweeted about the use of its Blade product in conjunction with an app developed by a senior researcher using NVIDIA's Riva and Riva ASR (Automatic Speech Recognition). This collaboration aims to assist people with hearing problems in having real-time conversations.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 6:06 pm

HYMTF

RIVN

TSLA

WKSP

The competition in the electric pickup market is heating up with Tesla's Cybertruck and Ford's F-150 leading the race. Worksport Ltd is planning to enhance its production capabilities with advanced automation and robotics to deliver its SOLIS solar truck tonneau covers by the end of the year. The company has committed to invest $1.5 million over the next 18 months in automation tools. Rivian Automotive's second quarter deliveries nearly tripled, with its shares rising more than 41% this month.

Portfolio Pulse from Upwallstreet

July 24, 2023 | 5:50 pm

Credit Suisse analyst Stephen Ju has maintained an Outperform rating on Electronic Arts Inc (NASDAQ:EA) and raised the price target from $142 to $161. Ju anticipates a value creation cycle for EA with upcoming game releases and rising EPS. He expects EPS to rise from ~$7 for FY24 to over $12 by FY29. In the near term, 1QFY24 will likely be driven primarily by Star Wars Jedi: Survivor.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 5:46 pm

LEDS

SemiLEDs has received a notice of allowance for its U.S. patent application 17/676,334 titled 'Method For Making Electronic (Light Emitting) Device Arrays Using A Temporary Substrate And A Carrier Substrate'.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 5:17 pm

NFLX

Dan Niles, a prominent investor, expressed his support for Netflix's business model on Twitter. He highlighted Netflix's recent crackdown on password sharing as an effective price increase. Despite this, the company's Q2 subscriber additions of 5.9 million were significantly higher than the expected 2.1 million. However, the stock has fallen 11% since the company reported an earnings per share beat, due to a revenue and average revenue per user miss. Niles indicated he is buying some Netflix stock.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 5:14 pm

LCTX

Lineage Cell Therapeutics Inc and Cancer Research UK have revealed results from a clinical study of VAC2 in advanced non-small cell lung cancer. The study showed that VAC2 was well-tolerated, with no unexpected serious adverse events. Five of eight patients treated had a best response of immune-related stable disease, and three demonstrated immune-related progressive disease. Three of eight treated patients reached the 2-year survival endpoint. LCTX shares are down 0.70% at $1.41.

Portfolio Pulse from Vandana Singh

July 24, 2023 | 5:12 pm