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In an interview with Benzinga, music producer David Daxsen discussed the impact of digital innovations on the music industry. He credited platforms like Apple's iTunes, Spotify, and YouTube for transforming the industry and enabling independent artists to thrive. The rise of home studios and global collaboration via the internet have also reshaped the industry. Daxsen also highlighted the new revenue generation avenues opened up by the digital revolution, including online collaborations and virtual connections with artists worldwide.

Portfolio Pulse from Franca Quarneti

July 21, 2023 | 7:14 pm

LFMD

Cantor Fitzgerald initiated coverage on LifeMD Inc (NASDAQ:LFMD) with an Overweight rating and a price target of $7, almost double the current price. The analyst sees LifeMD as an undervalued growth story in the virtual primary-care sector, expecting the company's topline to grow in the 20-30% CAGR range over the next 3-5 years. LifeMD's weight-management virtual clinic is seen as a key growth driver, with potential to tap into the $100-200B weight-loss medication market.

Portfolio Pulse from Vandana Singh

July 21, 2023 | 7:01 pm

META

SNAP

Benchmark analyst Mark Zgutowicz reiterated a Hold rating on Snap Inc (SNAP) ahead of its 2Q earnings, citing concerns over revenue growth catalysts and competitiveness. The analyst also noted that TikTok is becoming more aggressive with new DR offerings, potentially taking more market share from SNAP and Meta Platforms Inc (META). SNAP's investments in AI/ML are seen as a risk to near-term FCF. The analyst estimates a -32% GAAP operating margin for SNAP in FY23E.

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 6:53 pm

TSLA

Tesla's Cybertruck orders have surpassed 1.9 million, nearly double the reservation count from two years ago. This comes after CEO Elon Musk's statement about the 'off the hook' demand for the vehicle. The all-electric pickup truck has unique features and design, contributing to its popularity. However, customers may have to wait for four or five years to receive their truck due to production constraints. The company is still on track to deliver the vehicle by the end of the year.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 6:52 pm

MAT

SPY

WBD

The article discusses the impact of the 'Barbie Girl' song on Mattel Inc's (NASDAQ:MAT) stock since its release in 1997. It also mentions the release of the 'Barbie' movie by Mattel and Warner Bros. Discovery (NASDAQ:WBD). A $1,000 investment in Mattel in 1997 would be worth $1,680.97 today, a 68.1% increase. However, the same investment in the SPDR S&P 500 ETF Trust (NYSE:SPY) would be worth $18,534.65, a 1,753.5% return.

Portfolio Pulse from Chris Katje

July 21, 2023 | 6:50 pm

BABA

Chinese mobile payment platforms WeChat Pay and Alipay will now accept overseas cards like Visa and Mastercard to facilitate mobile payment for overseas users in China. This move coincides with the full resumption of travel and international business activities in China. Alipay has completed support for overseas users to use mobile payments in China, while Tencent is deepening its collaboration with international card organizations including Visa, Discover Global Network, JCB and Mastercard.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 6:02 pm

ATOMUSD

The Wormhole Foundation has introduced a new application-specific blockchain (appchain) named Gateway into the Cosmos (CRYPTO: ATOM) ecosystem. The Gateway blockchain aims to simplify the process of introducing tokens to any Cosmos chain and drive liquidity growth in the Cosmos ecosystem. This is the first appchain that facilitates the connection of liquidity and users from over 20 different blockchains to any Cosmos appchain.

Portfolio Pulse from Murtuza Merchant

July 21, 2023 | 5:09 pm

AMC

CMCSA

DIS

WBD

Warner Bros Discovery's 'Barbie' and Universal Pictures' 'Oppenheimer' were released on the same day, with 'Barbie' expected to bring in around $110 million for its opening weekend, while 'Oppenheimer' is projected to bring in around $50 million. Both films have been met with positive reviews. AMC Entertainment and other major movie theaters are seeing an increase in demand for tickets for the two films.

Portfolio Pulse from Aaron Bry

July 21, 2023 | 4:56 pm

MHVYF

Toyota Motor Corporation (TM) has updated on the development of its Lunar Cruiser and Mitsubishi Heavy Industries Ltd.'s (MHVYF) LUPEX Rover for lunar exploration. The projects are led by the Japan Aerospace Exploration Agency (JAXA). Toyota plans to use regenerative fuel cell technology to power the rover, using the moon's water ice as an energy source. The company will also use solar energy and water to produce hydrogen and oxygen through electrolysis. TM shares are trading lower by 0.13% to $163.06.

Portfolio Pulse from Nabaparna Bhattacharya

July 21, 2023 | 4:39 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) shares are trading lower after the company announced a commercial EV launch event to celebrate the completed production of the first Class 3 vehicles. The event will be held on Aug. 24 at Mullen's commercial assembly plant in Tunica, Mississippi.

Portfolio Pulse from Erica Kollmann

July 21, 2023 | 4:37 pm