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META

Meta Platforms Inc (NASDAQ:META) has partnered with LegitScript to provide certification for specific topical, non-ingestible CBD products and corresponding marketing websites. This collaboration grants LegitScript the exclusive authority, approved by Meta, to vet advertisers operating in the CBD products and websites space. This partnership presents new opportunities for CBD manufacturers and distributors to expand their reach through the world's largest social media platform.

Portfolio Pulse from Joana Scopel

July 12, 2023 | 7:48 pm

INPX

Inpixon has been granted a European patent #3711392 for a 'Method and Device for Position Determination' which is intended for use in augmented reality in retail environments.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 7:34 pm

PLNHF

Nearly 2700 applicants are vying for 55 new cannabis shop licenses in Illinois, with only three out of 192 licensees commencing operations so far. Montana is planning to eradicate synthetic marijuana and intoxicating hemp products, citing health risks to children. In Maryland, restrictions are being imposed on where marijuana can be sold. Proposals for cannabis lounges in Washoe County, Nevada were rejected, affecting companies like Sol Cannabis, MM Development Company (Planet 13 Holdings Inc.), and Cheyenne Medical Sammy Davis (Thrive Cannabis Marketplace).

Portfolio Pulse from Jelena Martinovic

July 12, 2023 | 7:32 pm

COIN

USDCUSD

Coinbase Global Inc (NASDAQ:COIN) has integrated a new messaging feature into its Wallet, in partnership with XMTP, an open protocol and network for secure Web3 messaging. The feature combines messaging and payments, eliminating the need for separate apps. It offers end-to-end encryption and allows users to directly message any .eth, .cb.id, or .lens address, make offers on NFTs directly through their wallets, engage with their communities and send payments across thousands of coins, including gas-free USD Coin (CRYPTO: USDC).

Portfolio Pulse from Murtuza Merchant

July 12, 2023 | 6:57 pm

BYND

Beyond Meat has announced that it is expanding the distribution of Beyond Steak to nearly 14,000 stores nationwide.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 6:51 pm

META

Citi analyst Ronald Josey reiterated a Buy rating on Meta Platforms Inc (NASDAQ:META) with a price target of $360, citing growth driven by AI Content Discovery, Reels, and innovative ads. Credit Suisse analyst Ross Sandler also has an Overweight rating with a $320 price target on the stock. Both analysts see potential for new stand-alone apps and improved profitability in the future.

Portfolio Pulse from Anusuya Lahiri

July 12, 2023 | 6:25 pm

CRM

Salesforce, Inc (NYSE:CRM) announced a price increase for many Clouds effective August 2023, marking its first price hike in seven years. The average list price increase is about 9% for the impacted products. Analysts from BMO Capital, Mizuho, Needham, and B of A Securities maintain Salesforce with an Outperform or Buy rating, raising the price targets. The price increase is expected to support growth in FY25 and provide margin leverage.

Portfolio Pulse from Anusuya Lahiri

July 12, 2023 | 6:21 pm

F

Ford Motor Co. is planning to negotiate with the United Auto Workers (UAW) union for more flexible electric vehicle (EV) production, according to Bloomberg. The automaker is looking to adapt its production lines to accommodate both EVs and internal combustion engine vehicles.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 6:16 pm

GOOG

GOOGL

NFTG

Google Play has updated its policy to allow tokenized digital assets, including NFTs, in apps and games. This change could potentially increase the usage and popularity of NFTs.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 6:14 pm

DOGEUSD

EBAY

TSLA

Elon Musk's 'Burnt Hair' perfume, a product of The Boring Company, began shipping this week. The perfume, which sold out within 48 hours of its release in October 2022, is now being resold on eBay for between $130 and $200 per bottle, with some going for as high as $300. This represents a 50% return in just nine months, outperforming Tesla's stock, which would have given a return of approximately 21% to 27% if bought on the same day the perfume was released.

Portfolio Pulse from Adam Eckert

July 12, 2023 | 6:08 pm