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WMT

Jamie and Sarah McCauley have profited close to $20,000 by buying return pallets from Amazon, Walmart, and Target and reselling the items on eBay and Facebook Marketplace. They buy the pallets for around $550 on average and are able to make up to $2,000 reselling the return items. The couple is able to make their money back in about one or two weeks, and they are usually able to sell about 90% of the products in one to two months.

Portfolio Pulse from Adam Eckert

July 06, 2023 | 7:57 pm

ITCI

Needham has increased the price target for Intra-Cellular Therapies Inc (NASDAQ:ITCI) from $70 to $73, maintaining a Buy rating. The analyst anticipates success in the major depressive disorder (MDD) trial but assigns it a 60% PoS due to inherent risks. The stock has risen 33% since positive Phase 3 data, indicating some anticipated upside is already in the shares. Needham also raised the 2023 sales estimate for Caplyta, a product of ITCI, to $467M.

Portfolio Pulse from Vandana Singh

July 06, 2023 | 7:38 pm

META

TWTR

Twitter, led by Elon Musk, is threatening legal action against Meta Platforms Inc. (NASDAQ:META) over its newly launched app, Threads. Twitter accuses Meta of poaching former employees and misappropriating trade secrets to create the app, which closely resembles Twitter. Threads has seen a rapid uptake, with over 30 million signups in less than 24 hours, suggesting a possible exodus of Twitter users. The rivalry between Twitter and Threads underscores the personal animosity between Musk and Meta CEO Mark Zuckerberg.

Portfolio Pulse from AJ Fabino

July 06, 2023 | 7:27 pm

NKLA

Nikola Corp (NASDAQ:NKLA) shares are trading lower by 6.29% amid overall market weakness on concerns over further rate hikes. The company has rallied 148% over the past month after regaining Nasdaq listing compliance. However, higher interest rates could exacerbate cost differentials, making hydrogen electric vehicles less attractive due to potentially higher financing costs, which could impact the demand for Nikola's vehicles.

Portfolio Pulse from Henry Khederian

July 06, 2023 | 7:12 pm

GLBE

SHOP

Piper Sandler analyst Brent A. Bracelin has reiterated an Overweight rating on Global-E Online Ltd. (GLBE) and raised the price target to $54 from $38. The analyst is bullish on Global-E's new product catalyst (enabling Shopify Markets Pro) that could accelerate growth in 2024 and 2025. Shopify Inc. (SHOP) owns a 13% stake in GLBE. Global-E is powering $1 billion gross merchandise volume (GMV) at Shopify, representing just 4% of the potential $28 billion cross-border GMV opportunity at Shopify. Every $1 billion of incremental Shopify cross-border GMV could add $160 million+ in total Global-E revenue.

Portfolio Pulse from Nabaparna Bhattacharya

July 06, 2023 | 6:53 pm

ROIV

Roivant Sciences is reportedly attracting interest from pharmaceutical companies for its Inflammatory Bowel Disease (IBD) treatment, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 6:43 pm

CRM

META

METV

Meta Platforms Inc (NASDAQ:META) has launched Threads, a text-based social media platform, which has gained over 10 million downloads. Threads is seen as a potential competitor to Twitter and has sparked interest among users. However, the name Threads is already owned by a different company, founded by three former Facebook employees, which provides a Slack replacement for companies. This could potentially lead to confusion among consumers. Salesforce Inc (NYSE:CRM) acquired Slack in July 2021. Meta Platforms is also the third largest holding in the Roundhill Ball Metaverse ETF (NYSE:METV) at 5.9% of assets.

Portfolio Pulse from Chris Katje

July 06, 2023 | 6:21 pm

CURA

GTII

A list of top cannabis dispensaries in Las Vegas has been compiled based on Google star ratings. The list includes shops like The Grove, Oasis Cannabis Dispensary, Cultivate Las Vegas Dispensary, RISE Cannabis Dispensary, Reef Dispensary, ShowGrow, NuWu Cannabis, Jardín Premium Cannabis Dispenary, and Pisos. RISE dispensaries are operated by Green Thumb Industries Inc. (GTII) and Reef dispensaries are operated by Curaleaf Holdings, Inc. (CURA).

Portfolio Pulse from Jelena Martinovic

July 06, 2023 | 6:06 pm

EDR

META

TWTR

A survey by Benzinga suggests that changes to Twitter could drive users towards Mark Zuckerberg's new social media platform, Threads. Within 24 hours of its launch, Threads attracted 30 million sign-ups. Twitter's decision to charge for TweetDeck, a dashboard application for Twitter account management, could further shrink its potential to attract new users. Almost half of the respondents in the survey said they would switch to Threads due to Twitter's changes.

Portfolio Pulse from AJ Fabino

July 06, 2023 | 6:05 pm

KULR

KULR Technology has won a contract from NASA for 'Battery Cell Test Services.' The size of the contract has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 5:55 pm