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Barron's weekend stock picks include Mattel Inc, AMC Entertainment Holdings Inc, Vertex Pharmaceuticals, Tesla Inc, and Roku Inc. Mattel's stock could be revitalized by the success of the Barbie film and other upcoming films. AMC's stock surged after a judge blocked the company from converting its AMC Preferred Equity shares into common stock. Vertex Pharmaceuticals' stock may see a boost due to the promising potential of a non-opioid painkiller. Trading data suggests there might be fewer Tesla bulls than assumed. Roku's new products and features could drive user growth.

Portfolio Pulse from Justin Chan

July 22, 2023 | 3:13 pm

FSR

NKLA

RIVN

TSLA

Tesla's Q2 earnings beat expectations but the stock fell by about 10% due to concerns about the quality of earnings and unclear margin outlook. Rivian is expected to exceed its full-year delivery guidance of 50,000 units, according to Mizuho analyst Vijay Rakesh. Nikola is selling its Phoenix Hydrogen Hub project to Fortescue Future Industries. Fisker confirmed it will produce 100 Fisker Extreme Vigyan Edition, an all-electric SUV, for the Indian market. Ford cut prices of all trims of its F-150 Lightning pickup truck, seen as a preemptive move ahead of Tesla's Cybertruck launch.

Portfolio Pulse from Shanthi Rexaline

July 22, 2023 | 12:19 pm

AAPL

Tech insider Mark Gurman criticized Apple Inc. for a change in the latest watchOS 10 update, which relocated the Control Center gesture on its smartwatches to the side button. Gurman believes that Apple is underusing the side button and could have better used it for more commonly used features. The watchOS 10 is currently in the developer beta stage, with a public beta now live.

Portfolio Pulse from Ananya Gairola

July 22, 2023 | 4:31 am

TSLA

Tesla's Cybertruck reservations have reached over 1.9 million, potentially earning the company around $194 million in preorder revenue. However, not all preorders may translate into confirmed purchases. Tesla CEO Elon Musk has stated that deliveries will begin later this year, but has not committed to a firm date. The company is currently working on the exterior dimensions of the electric pickup truck. Future Fund's Gary Black, who is bullish on the Cybertruck, believes it will boost demand for all Tesla vehicles.

Portfolio Pulse from Shanthi Rexaline

July 22, 2023 | 3:57 am

AAPL

GOOG

MSFT

OpenAI has announced the launch of the Android version of the ChatGPT app next week, following its iOS launch in May. The company has included a preorder page in Google Play Store. The announcement comes after reports of a drop in web traffic for ChatGPT and concerns about its performance. In the AI chatbot landscape, ChatGPT is facing competition from Google Bard and Microsoft's Bing.

Portfolio Pulse from Ananya Gairola

July 22, 2023 | 1:51 am

BDX

BD (Becton, Dickinson and Company) (NYSE:BDX) has received FDA 510(k) clearance for its updated BD Alaris™ Infusion System, enabling both remediation and a return to full commercial operations. The system is the only modular and comprehensive infusion system on the U.S. market. BD does not expect any material incremental revenue contribution from the BD Alaris™ Infusion System for the remainder of FY23, but expects to absorb initial re-launch investments within FY23 guidance range.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 8:30 pm

VRCA

Verrica Pharmaceuticals Inc. (NASDAQ:VRCA) has received FDA approval for its YCANTH topical solution, the first FDA-approved treatment for molluscum contagiosum, a highly contagious viral skin infection affecting approximately 6 million people annually in the US. The drug-device combination product will be administered by a healthcare professional and is expected to be available by September 2023. The approval is based on positive results from two Phase 3 clinical trials.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 8:26 pm

BAC

MSFT

NFLX

SCHW

TSLA

XOM

The Dow Jones marked a 10-day winning streak, driven by positive quarterly results from defensive stocks. The Nasdaq Composite, however, was down 0.42% due to disappointing results from Netflix and Tesla. Tesla's stock fell almost 10% after CEO Elon Musk's conference call failed to provide key details about future developments. Netflix's shares also fell despite better-than-expected earnings per share. Major banks, including Bank of America, Morgan Stanley, and Charles Schwab, showed resilience with positive quarterly results. ExxonMobil announced plans to mine lithium, indicating a diversification into the EV industry. The $69 billion merger of Microsoft and Activision Blizzard moved forward after the FTC paused an antitrust lawsuit.

Portfolio Pulse from Natan Ponieman

July 21, 2023 | 8:12 pm

ETHUSD

Americana, a platform for tokenized collectibles, has launched a new service called 'concierge vaulting' that allows collectors to store their valuable items in climate-controlled vaults managed by a blockchain-based system. The company, backed by Seven Seven Six and OpenSea, secured $6.9 million in seed funding in May 2022. Americana also introduced its Something membership token, which has seen its market price fall from 0.069 Ethereum to 0.015 ETH.

Portfolio Pulse from Murtuza Merchant

July 21, 2023 | 8:04 pm

SPOT

Spotify is planning to increase its subscription prices in the U.S. The premium plan will now cost $10.99 per month, up from $9.99, according to the Wall Street Journal.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 7:36 pm