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TSLA

WKSP

Tesla Inc (NASDAQ:TSLA) posted an all-time high quarterly revenue but price cuts and incentives thinned its margins. Worksport Ltd (NASDAQ:WKSP) announced the completion of its first assembly line, with production to start in three weeks. Tesla's Q2 revenue was $24.93 billion, with operating margin at 9.6%, the lowest in the last five quarters. Tesla's core EV business expanded 46% YoY to $21.27 billion. Tesla shares rose 136% year to Wednesday’s close.

Portfolio Pulse from Upwallstreet

July 20, 2023 | 6:15 pm

DFLI

Chardan Research analyst Brian Dobson reiterated a Buy rating on Dragonfly Energy Holdings Corp (NASDAQ:DFLI) with a price target of $10. Dragonfly Energy has completed the pilot phase of a domestic production line for lithium-ion batteries, capable of producing 150 MWh of LiFePO4 battery cells per annum at 70 percent efficiency. The company's flexibility to construct solidstate batteries in the future and eligibility for government grants and subsidies are seen as positives. The company's technology is expected to disrupt legacy RV, maritime, and off-the-grid markets.

Portfolio Pulse from Shivani Kumaresan

July 20, 2023 | 6:08 pm

AMC

AMC Theatres has announced the end of its Sightline at AMC pilot program, which tested seat-based pricing at select locations. The program found that most customers continued to choose Preferred Sightline seating despite a slight price increase, but there was little to no increase in front row seating patronage even with a price reduction. AMC will now focus on testing a new type of spacious front row seating with extensive seat recline.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 5:42 pm

NVO

Novo Nordisk A/S (NYSE:NVO) is facing a shortage of its obesity drugs Wegovy and Saxenda due to increased demand. The FDA has listed Saxenda as having limited availability through the end of 2023. The European Medicines Agency has initiated a probe into Novo Nordisk's weight-loss medications amid reports of suicidal risks. Despite these challenges, NVO shares are up 3.81%.

Portfolio Pulse from Vandana Singh

July 20, 2023 | 5:41 pm

APLS

Apellis Pharmaceuticals Inc's stock has dropped around 50% due to safety concerns related to its product, Syfovre. The company disclosed that retinal vasculitis events are occurring at a rate of ~1/10,000 injections. Wedbush analyst has lowered the price target from $86 to $40, with a Neutral rating. The analyst also mentioned that the potential entry of Zimura from Iveric Bio/Astellas could affect Syfovre's market share.

Portfolio Pulse from Vandana Singh

July 20, 2023 | 5:38 pm

AMZN

WMT

Walmart Inc (NYSE:WMT) has reduced the price of its Walmart+ Assist service for customers on government assistance, offering 50% off a monthly or annual Walmart+ paid membership plan. The move is expected to attract and retain customers who may otherwise cancel services with recurring fees or switch to another retailer. Walmart's stock traded higher by 1.42% following the announcement. Amazon.Com Inc (NASDAQ:AMZN) also offers a similar discounted fee for low-income households.

Portfolio Pulse from Anusuya Lahiri

July 20, 2023 | 5:31 pm

JKHY

Jack Henry (NASDAQ:JKHY) has announced its support for the Federal Reserve's new instant payment rail, the FedNow Service. The company's faster payment hub, JHA PayCenter, connects financial institutions to the FedNow Service, the Zelle Network, and the RTP network. Jack Henry has over 80 financial institution customers in various stages of implementation for the new network through the JHA PayCenter payments hub.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 5:20 pm

AAPL

AMZN

DIS

FWONA

GOOG

NFLX

ROKU

Netflix Inc (NASDAQ:NFLX) has indicated that it will not be a major player in the live sports market, focusing instead on sports docuseries. The company's co-CEO, Ted Sarandos, stated that Netflix can offer a strong selection for sports fans without the economic challenges of live sports licensing. This comes as Netflix aims to control aggressive spending. Other streaming companies, such as Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), and Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL), have secured rights to various sports events, potentially gaining a live content edge over Netflix.

Portfolio Pulse from Chris Katje

July 20, 2023 | 5:13 pm

BYDDF

NIO

The revamped Moskvitch car, a classic Russian car, has been assembled using kits purchased from China. The cars are assembled in a factory formerly owned by Renault. The parts for the new Moskvitch car are sourced from JAC Motors, a Chinese automotive manufacturer. China's influence in auto manufacturing is evident with companies such as Nio Inc and BYD Motors. The Russian carmaker plans to increase production in 2024 and incorporate more Russian components.

Portfolio Pulse from Aaron Bry

July 20, 2023 | 4:42 pm

AAPL

Apple is reportedly facing challenges in assembling its upcoming iPhone 15 Pro and Pro Max models due to a new manufacturing process aimed at narrowing the display's black border. This could potentially lead to a shortage of units at launch in September.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 4:25 pm